PIPAX vs. QMNIX
Compare and contrast key facts about PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged) Class A (PIPAX) and AQR Equity Market Neutral Fund Class I (QMNIX).
PIPAX is managed by PIMCO. It was launched on Oct 31, 2003. QMNIX is an actively managed fund by AQR Funds. It was launched on Oct 7, 2014.
Performance
PIPAX vs. QMNIX - Performance Comparison
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PIPAX vs. QMNIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIPAX PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged) Class A | -0.96% | 16.57% | 14.37% | 21.29% | -9.30% | 18.02% | 3.78% | 25.94% | -10.40% | 18.30% |
QMNIX AQR Equity Market Neutral Fund Class I | -3.36% | 26.54% | 25.85% | 16.61% | 27.26% | 17.64% | -19.62% | -11.30% | -11.73% | 5.85% |
Returns By Period
In the year-to-date period, PIPAX achieves a -0.96% return, which is significantly higher than QMNIX's -3.36% return. Over the past 10 years, PIPAX has outperformed QMNIX with an annualized return of 11.00%, while QMNIX has yielded a comparatively lower 6.35% annualized return.
PIPAX
- 1D
- 0.24%
- 1M
- -9.41%
- YTD
- -0.96%
- 6M
- -0.96%
- 1Y
- 11.06%
- 3Y*
- 13.66%
- 5Y*
- 9.76%
- 10Y*
- 11.00%
QMNIX
- 1D
- 0.50%
- 1M
- 0.25%
- YTD
- -3.36%
- 6M
- 2.43%
- 1Y
- 11.48%
- 3Y*
- 21.07%
- 5Y*
- 18.62%
- 10Y*
- 6.35%
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PIPAX vs. QMNIX - Expense Ratio Comparison
PIPAX has a 1.15% expense ratio, which is lower than QMNIX's 5.48% expense ratio.
Return for Risk
PIPAX vs. QMNIX — Risk / Return Rank
PIPAX
QMNIX
PIPAX vs. QMNIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged) Class A (PIPAX) and AQR Equity Market Neutral Fund Class I (QMNIX). 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.
| PIPAX | QMNIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.55 | 1.86 | -1.30 |
Sortino ratioReturn per unit of downside risk | 0.76 | 2.52 | -1.76 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.36 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 0.56 | 2.13 | -1.57 |
Martin ratioReturn relative to average drawdown | 2.18 | 5.42 | -3.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PIPAX | QMNIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 1.86 | -1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 1.97 | -1.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 0.78 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.91 | -0.40 |
Correlation
The correlation between PIPAX and QMNIX is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
PIPAX vs. QMNIX - Dividend Comparison
PIPAX's dividend yield for the trailing twelve months is around 5.66%, more than QMNIX's 1.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIPAX PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged) Class A | 5.66% | 5.61% | 12.69% | 10.56% | 10.66% | 7.59% | 1.44% | 11.71% | 8.25% | 7.38% | 0.78% | 8.16% |
QMNIX AQR Equity Market Neutral Fund Class I | 1.46% | 1.41% | 6.10% | 21.48% | 5.95% | 1.39% | 17.42% | 3.83% | 0.48% | 3.48% | 1.51% | 2.57% |
Drawdowns
PIPAX vs. QMNIX - Drawdown Comparison
The maximum PIPAX drawdown since its inception was -57.80%, which is greater than QMNIX's maximum drawdown of -38.80%. Use the drawdown chart below to compare losses from any high point for PIPAX and QMNIX.
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Drawdown Indicators
| PIPAX | QMNIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.80% | -38.80% | -19.00% |
Max Drawdown (1Y)Largest decline over 1 year | -12.80% | -5.43% | -7.37% |
Max Drawdown (5Y)Largest decline over 5 years | -19.17% | -14.05% | -5.12% |
Max Drawdown (10Y)Largest decline over 10 years | -35.55% | -38.80% | +3.25% |
Current DrawdownCurrent decline from peak | -9.41% | -3.67% | -5.74% |
Average DrawdownAverage peak-to-trough decline | -7.39% | -10.39% | +3.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 2.14% | +1.49% |
Volatility
PIPAX vs. QMNIX - Volatility Comparison
PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged) Class A (PIPAX) has a higher volatility of 6.56% compared to AQR Equity Market Neutral Fund Class I (QMNIX) at 1.35%. This indicates that PIPAX's price experiences larger fluctuations and is considered to be riskier than QMNIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIPAX | QMNIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.56% | 1.35% | +5.21% |
Volatility (6M)Calculated over the trailing 6-month period | 11.72% | 4.16% | +7.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.65% | 6.32% | +10.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.00% | 9.50% | +4.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.60% | 8.22% | +6.38% |