DIVGX vs. AUEIX

Last updated Jun 24, 2026

DIVGX (Guardian Capital Dividend Growth Fund) and AUEIX (AQR Large Cap Defensive Style Fund) are both Large Cap Blend Equities funds. Over the past 5 years, DIVGX returned 11.06%/yr vs 6.39%/yr for AUEIX. Their correlation of 0.87 suggests significant overlap in exposure. DIVGX charges 0.95%/yr vs 0.37%/yr for AUEIX.

Performance

DIVGX vs. AUEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Guardian Capital Dividend Growth Fund (DIVGX) and AQR Large Cap Defensive Style Fund (AUEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DIVGX achieves a 8.68% return, which is significantly higher than AUEIX's 5.27% return.

DIVGX

• 1D: -0.37%
• 1M: -0.80%
• YTD: 8.68%
• 6M: 8.31%
• 1Y: 17.28%
• 3Y*: 16.60%
• 5Y*: 11.06%
• 10Y*: —

AUEIX

• 1D: -0.43%
• 1M: -0.69%
• YTD: 5.27%
• 6M: 4.26%
• 1Y: 6.78%
• 3Y*: 10.91%
• 5Y*: 6.39%
• 10Y*: 11.01%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DIVGX vs. AUEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DIVGX Guardian Capital Dividend Growth Fund	8.68%	13.62%	16.20%	19.48%	-14.64%	27.43%	9.47%	10.67%
AUEIX AQR Large Cap Defensive Style Fund	5.27%	6.95%	13.85%	9.49%	-13.81%	23.52%	13.10%	10.55%

Correlation

The correlation between DIVGX and AUEIX is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since May 1, 2019	0.87

Over the past year, the correlation between DIVGX and AUEIX has dropped to 0.63 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.

Return for Risk

DIVGX vs. AUEIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DIVGX

DIVGX Risk / Return Rank: 51
DIVGX Sharpe Ratio Rank: 49
DIVGX Sortino Ratio Rank: 50
DIVGX Omega Ratio Rank: 46
DIVGX Calmar Ratio Rank: 51
DIVGX Martin Ratio Rank: 59

AUEIX

AUEIX Risk / Return Rank: 14
AUEIX Sharpe Ratio Rank: 13
AUEIX Sortino Ratio Rank: 13
AUEIX Omega Ratio Rank: 12
AUEIX Calmar Ratio Rank: 16
AUEIX Martin Ratio Rank: 18

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DIVGX vs. AUEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Guardian Capital Dividend Growth Fund (DIVGX) and AQR Large Cap Defensive Style Fund (AUEIX). 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.

	DIVGX	AUEIX	Difference
Sharpe ratio: Return per unit of total volatility	1.90	0.93	+0.97
Sortino ratio: Return per unit of downside risk	2.73	1.36	+1.37
Omega ratio: Gain probability vs. loss probability	1.34	1.17	+0.17
Calmar ratio: Return relative to maximum drawdown	2.61	1.32	+1.28
Martin ratio: Return relative to average drawdown	11.03	4.37	+6.66

DIVGX vs. AUEIX - Sharpe Ratio Comparison

The current DIVGX Sharpe Ratio is 1.90, which is higher than the AUEIX Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of DIVGX and AUEIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DIVGX vs. AUEIX - Drawdown Comparison

The maximum DIVGX drawdown since its inception was -32.33%, roughly equal to the maximum AUEIX drawdown of -30.82%. Use the drawdown chart below to compare losses from any high point for DIVGX and AUEIX.

Drawdown Indicators

	DIVGX	AUEIX	Difference
Max Drawdown Largest peak-to-trough decline	-32.33%	-30.82%	-1.51%
Max Drawdown (1Y) Largest decline over 1 year	-6.90%	-5.91%	-0.99%
Max Drawdown (3Y) Largest decline over 3 years	-13.35%	-10.27%	-3.08%
Max Drawdown (5Y) Largest decline over 5 years	-23.86%	-22.08%	-1.78%
Max Drawdown (10Y) Largest decline over 10 years	—	-30.82%	—
Current Drawdown Current decline from peak	-1.05%	-1.75%	+0.70%
Average Drawdown Average peak-to-trough decline	-4.57%	-3.41%	-1.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	1.79%	-0.16%

Volatility

DIVGX vs. AUEIX - Volatility Comparison

The current volatility for Guardian Capital Dividend Growth Fund (DIVGX) is 2.49%, while AQR Large Cap Defensive Style Fund (AUEIX) has a volatility of 3.44%. This indicates that DIVGX experiences smaller price fluctuations and is considered to be less risky than AUEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIVGX	AUEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.49%	3.44%	-0.95%
Volatility (6M) Calculated over the trailing 6-month period	7.36%	6.26%	+1.10%
Volatility (1Y) Calculated over the trailing 1-year period	9.47%	8.40%	+1.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.34%	13.03%	+0.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.63%	15.22%	+1.41%

DIVGX vs. AUEIX - Expense Ratio Comparison

DIVGX has a 0.95% expense ratio, which is higher than AUEIX's 0.37% expense ratio.

Dividends

DIVGX vs. AUEIX - Dividend Comparison

DIVGX's dividend yield for the trailing twelve months is around 24.95%, more than AUEIX's 21.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AUEIX AQR Large Cap Defensive Style Fund	21.56%	22.70%	24.31%	24.28%	10.26%	2.54%	1.29%	1.12%	1.67%	2.36%	1.99%	6.18%
DIVGX Guardian Capital Dividend Growth Fund	24.95%	27.35%	1.15%	1.46%	3.08%	1.36%	1.22%	1.03%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DIVGX and AUEIX in my portfolio?

DIVGX and AUEIX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DIVGX or AUEIX?

AUEIX has higher volatility (3.44%) compared to DIVGX (2.49%). In terms of maximum drawdown, DIVGX dropped -32.33% vs AUEIX's -30.82%.

Which has better risk-adjusted returns?

DIVGX currently has the higher Sharpe Ratio (1.90 vs 0.93), 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.