AUEIX vs. QNZNX
AUEIX (AQR Large Cap Defensive Style Fund) and QNZNX (AQR Trend Total Return Fund) are both mutual funds - AUEIX is a Large Cap Blend Equities fund managed by AQR Funds, while QNZNX is a Systematic Trend fund actively managed by AQR Funds. Over the past 3 years, AUEIX returned 10.71%/yr vs 29.23%/yr for QNZNX. At a 0.43 correlation, their price movements are largely independent. AUEIX charges 0.37%/yr vs 1.52%/yr for QNZNX.
Performance
AUEIX vs. QNZNX - Performance Comparison
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Returns By Period
In the year-to-date period, AUEIX achieves a 4.70% return, which is significantly lower than QNZNX's 13.23% return.
AUEIX
- 1D
- -0.54%
- 1M
- -1.23%
- YTD
- 4.70%
- 6M
- 3.41%
- 1Y
- 5.86%
- 3Y*
- 10.71%
- 5Y*
- 6.17%
- 10Y*
- 10.95%
QNZNX
- 1D
- -1.84%
- 1M
- -2.58%
- YTD
- 13.23%
- 6M
- 12.94%
- 1Y
- 33.16%
- 3Y*
- 29.23%
- 5Y*
- —
- 10Y*
- —
AUEIX vs. QNZNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AUEIX AQR Large Cap Defensive Style Fund | 4.70% | 6.95% | 13.85% | 9.49% | -4.92% |
QNZNX AQR Trend Total Return Fund | 13.23% | 22.88% | 34.96% | 22.73% | 1.37% |
Correlation
The correlation between AUEIX and QNZNX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | 0.43 |
The correlation between AUEIX and QNZNX shifts across timeframes, from 0.28 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AUEIX vs. QNZNX — Risk / Return Rank
AUEIX
QNZNX
AUEIX vs. QNZNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Large Cap Defensive Style Fund (AUEIX) and AQR Trend Total Return Fund (QNZNX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AUEIX | QNZNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.32 | ||
| Sortino ratioReturn per unit of downside risk | -2.83 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.55 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 7.00 | -5.95 |
| Martin ratioReturn relative to average drawdown | 3.47 | 24.51 | -21.04 |
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Drawdowns
AUEIX vs. QNZNX - Drawdown Comparison
The maximum AUEIX drawdown since its inception was -30.82%, which is greater than QNZNX's maximum drawdown of -18.38%. Use the drawdown chart below to compare losses from any high point for AUEIX and QNZNX.
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Drawdown Indicators
| AUEIX | QNZNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.82% | -18.38% | -12.44% |
Max Drawdown (1Y)Largest decline over 1 year | -5.91% | -4.88% | -1.03% |
Max Drawdown (3Y)Largest decline over 3 years | -10.27% | -13.48% | +3.21% |
Max Drawdown (5Y)Largest decline over 5 years | -22.08% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -30.82% | — | — |
Current DrawdownCurrent decline from peak | -2.27% | -4.52% | +2.25% |
Average DrawdownAverage peak-to-trough decline | -3.41% | -2.78% | -0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 1.39% | +0.40% |
Volatility
AUEIX vs. QNZNX - Volatility Comparison
The current volatility for AQR Large Cap Defensive Style Fund (AUEIX) is 3.48%, while AQR Trend Total Return Fund (QNZNX) has a volatility of 3.87%. This indicates that AUEIX experiences smaller price fluctuations and is considered to be less risky than QNZNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AUEIX | QNZNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 3.87% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 6.28% | 7.76% | -1.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.41% | 11.18% | -2.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.03% | 12.09% | +0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.20% | 12.09% | +3.11% |
AUEIX vs. QNZNX - Expense Ratio Comparison
AUEIX has a 0.37% expense ratio, which is lower than QNZNX's 1.52% expense ratio.
Dividends
AUEIX vs. QNZNX - Dividend Comparison
AUEIX's dividend yield for the trailing twelve months is around 21.68%, more than QNZNX's 0.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AUEIX AQR Large Cap Defensive Style Fund | 21.68% | 22.70% | 24.31% | 24.28% | 10.26% | 2.54% | 1.29% | 1.12% | 1.67% | 2.36% | 1.99% | 6.18% |
QNZNX AQR Trend Total Return Fund | 0.76% | 0.86% | 16.46% | 23.14% | 2.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AUEIX and QNZNX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QNZNX has higher volatility (3.87%) compared to AUEIX (3.48%). In terms of maximum drawdown, AUEIX dropped -30.82% vs QNZNX's -18.38%.
QNZNX currently has the higher Sharpe Ratio (3.06 vs 0.75), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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