QTERX vs. FCEEX
Compare and contrast key facts about AQR Emerging Multi-Style II Fund Class R6 (QTERX) and Franklin Emerging Market Core Equity (IU) Fund Advisor (FCEEX).
QTERX is an actively managed fund by AQR Funds. It was launched on Feb 11, 2012. FCEEX is managed by Franklin Templeton. It was launched on Jul 31, 2019.
Performance
QTERX vs. FCEEX - Performance Comparison
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QTERX vs. FCEEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
QTERX AQR Emerging Multi-Style II Fund Class R6 | 3.07% | 32.94% | 12.02% | 12.66% | -21.13% | 0.95% | 17.08% | 9.94% |
FCEEX Franklin Emerging Market Core Equity (IU) Fund Advisor | 1.82% | 34.81% | 10.51% | 12.52% | -16.96% | -1.29% | 10.19% | 9.77% |
Returns By Period
In the year-to-date period, QTERX achieves a 3.07% return, which is significantly higher than FCEEX's 1.82% return.
QTERX
- 1D
- -0.89%
- 1M
- -12.18%
- YTD
- 3.07%
- 6M
- 9.15%
- 1Y
- 33.11%
- 3Y*
- 18.47%
- 5Y*
- 5.46%
- 10Y*
- 8.53%
FCEEX
- 1D
- -0.96%
- 1M
- -11.83%
- YTD
- 1.82%
- 6M
- 5.92%
- 1Y
- 31.80%
- 3Y*
- 17.72%
- 5Y*
- 5.70%
- 10Y*
- —
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QTERX vs. FCEEX - Expense Ratio Comparison
QTERX has a 0.62% expense ratio, which is higher than FCEEX's 0.17% expense ratio.
Return for Risk
QTERX vs. FCEEX — Risk / Return Rank
QTERX
FCEEX
QTERX vs. FCEEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Emerging Multi-Style II Fund Class R6 (QTERX) and Franklin Emerging Market Core Equity (IU) Fund Advisor (FCEEX). 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.
| QTERX | FCEEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.86 | 1.80 | +0.06 |
Sortino ratioReturn per unit of downside risk | 2.43 | 2.33 | +0.09 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.35 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.30 | 2.33 | -0.03 |
Martin ratioReturn relative to average drawdown | 9.07 | 9.14 | -0.06 |
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
| QTERX | FCEEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.86 | 1.80 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.35 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.47 | +0.03 |
Correlation
The correlation between QTERX and FCEEX is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
QTERX vs. FCEEX - Dividend Comparison
QTERX's dividend yield for the trailing twelve months is around 4.12%, more than FCEEX's 3.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
QTERX AQR Emerging Multi-Style II Fund Class R6 | 4.12% | 4.25% | 4.91% | 5.76% | 4.73% | 2.53% | 1.68% | 4.48% | 2.40% | 1.63% | 2.57% |
FCEEX Franklin Emerging Market Core Equity (IU) Fund Advisor | 3.23% | 3.29% | 4.17% | 4.36% | 4.08% | 3.38% | 2.98% | 0.40% | 0.00% | 0.00% | 0.00% |
Drawdowns
QTERX vs. FCEEX - Drawdown Comparison
The maximum QTERX drawdown since its inception was -39.15%, which is greater than FCEEX's maximum drawdown of -34.68%. Use the drawdown chart below to compare losses from any high point for QTERX and FCEEX.
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Drawdown Indicators
| QTERX | FCEEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.15% | -34.68% | -4.47% |
Max Drawdown (1Y)Largest decline over 1 year | -13.32% | -12.98% | -0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -37.53% | -33.96% | -3.57% |
Max Drawdown (10Y)Largest decline over 10 years | -39.15% | — | — |
Current DrawdownCurrent decline from peak | -13.32% | -12.98% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -12.21% | -11.50% | -0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 3.30% | +0.08% |
Volatility
QTERX vs. FCEEX - Volatility Comparison
AQR Emerging Multi-Style II Fund Class R6 (QTERX) and Franklin Emerging Market Core Equity (IU) Fund Advisor (FCEEX) have volatilities of 8.13% and 8.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QTERX | FCEEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.13% | 8.12% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 13.40% | 13.24% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.78% | 17.66% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.59% | 16.53% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.67% | 18.16% | -0.49% |