QTERX vs. WAEMX
Compare and contrast key facts about AQR Emerging Multi-Style II Fund Class R6 (QTERX) and Wasatch Emerging Markets Small Cap Fund (WAEMX).
QTERX is an actively managed fund by AQR Funds. It was launched on Feb 11, 2012. WAEMX is managed by Wasatch. It was launched on Sep 30, 2007.
Performance
QTERX vs. WAEMX - Performance Comparison
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QTERX vs. WAEMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QTERX AQR Emerging Multi-Style II Fund Class R6 | 5.84% | 32.94% | 12.02% | 12.66% | -21.13% | 0.95% | 17.08% | 16.87% | -16.22% | 37.22% |
WAEMX Wasatch Emerging Markets Small Cap Fund | 4.12% | 5.85% | -2.21% | 21.20% | -38.76% | 30.16% | 32.79% | 27.45% | -18.97% | 38.20% |
Returns By Period
In the year-to-date period, QTERX achieves a 5.84% return, which is significantly higher than WAEMX's 4.12% return. Over the past 10 years, QTERX has outperformed WAEMX with an annualized return of 8.82%, while WAEMX has yielded a comparatively lower 6.63% annualized return.
QTERX
- 1D
- 2.68%
- 1M
- -8.99%
- YTD
- 5.84%
- 6M
- 11.30%
- 1Y
- 35.78%
- 3Y*
- 19.52%
- 5Y*
- 5.71%
- 10Y*
- 8.82%
WAEMX
- 1D
- 1.14%
- 1M
- -5.85%
- YTD
- 4.12%
- 6M
- 9.04%
- 1Y
- 21.06%
- 3Y*
- 6.68%
- 5Y*
- -0.10%
- 10Y*
- 6.63%
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QTERX vs. WAEMX - Expense Ratio Comparison
QTERX has a 0.62% expense ratio, which is lower than WAEMX's 1.91% expense ratio.
Return for Risk
QTERX vs. WAEMX — Risk / Return Rank
QTERX
WAEMX
QTERX vs. WAEMX - 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 Wasatch Emerging Markets Small Cap Fund (WAEMX). 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 | WAEMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.06 | 1.26 | +0.80 |
Sortino ratioReturn per unit of downside risk | 2.66 | 1.82 | +0.84 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.23 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 2.74 | 2.20 | +0.54 |
Martin ratioReturn relative to average drawdown | 10.57 | 7.78 | +2.79 |
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 | WAEMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 1.26 | +0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | -0.01 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.37 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.25 | +0.26 |
Correlation
The correlation between QTERX and WAEMX is 0.71, 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. WAEMX - Dividend Comparison
QTERX's dividend yield for the trailing twelve months is around 4.01%, less than WAEMX's 67.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QTERX AQR Emerging Multi-Style II Fund Class R6 | 4.01% | 4.25% | 4.91% | 5.76% | 4.73% | 2.53% | 1.68% | 4.48% | 2.40% | 1.63% | 2.57% | 0.00% |
WAEMX Wasatch Emerging Markets Small Cap Fund | 67.61% | 70.40% | 6.49% | 0.00% | 3.32% | 6.03% | 7.15% | 5.82% | 12.81% | 0.00% | 0.00% | 0.02% |
Drawdowns
QTERX vs. WAEMX - Drawdown Comparison
The maximum QTERX drawdown since its inception was -39.15%, smaller than the maximum WAEMX drawdown of -66.35%. Use the drawdown chart below to compare losses from any high point for QTERX and WAEMX.
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Drawdown Indicators
| QTERX | WAEMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.15% | -66.35% | +27.20% |
Max Drawdown (1Y)Largest decline over 1 year | -13.32% | -9.38% | -3.94% |
Max Drawdown (5Y)Largest decline over 5 years | -37.53% | -44.88% | +7.35% |
Max Drawdown (10Y)Largest decline over 10 years | -39.15% | -44.88% | +5.73% |
Current DrawdownCurrent decline from peak | -10.99% | -22.97% | +11.98% |
Average DrawdownAverage peak-to-trough decline | -12.21% | -16.87% | +4.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | 2.65% | +0.80% |
Volatility
QTERX vs. WAEMX - Volatility Comparison
AQR Emerging Multi-Style II Fund Class R6 (QTERX) has a higher volatility of 8.75% compared to Wasatch Emerging Markets Small Cap Fund (WAEMX) at 7.25%. This indicates that QTERX's price experiences larger fluctuations and is considered to be riskier than WAEMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QTERX | WAEMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.75% | 7.25% | +1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 13.61% | 12.20% | +1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.93% | 16.78% | +1.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.63% | 17.41% | -0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.69% | 17.94% | -0.25% |