SAOPX vs. AUEIX

Last updated Jun 23, 2026

SAOPX (Barrett Opportunity Fund) and AUEIX (AQR Large Cap Defensive Style Fund) are both Large Cap Blend Equities funds. Over the past 10 years, SAOPX returned 12.00%/yr vs 10.90%/yr for AUEIX. Their correlation of 0.83 suggests significant overlap in exposure. SAOPX charges 1.18%/yr vs 0.37%/yr for AUEIX.

Performance

SAOPX vs. AUEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Barrett Opportunity Fund (SAOPX) 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, SAOPX achieves a 6.37% return, which is significantly higher than AUEIX's 5.72% return. Over the past 10 years, SAOPX has outperformed AUEIX with an annualized return of 12.00%, while AUEIX has yielded a comparatively lower 10.90% annualized return.

SAOPX

• 1D: -1.06%
• 1M: -1.06%
• YTD: 6.37%
• 6M: 5.43%
• 1Y: 26.42%
• 3Y*: 17.30%
• 5Y*: 13.38%
• 10Y*: 12.00%

AUEIX

• 1D: 0.43%
• 1M: -0.27%
• YTD: 5.72%
• 6M: 4.77%
• 1Y: 8.26%
• 3Y*: 10.69%
• 5Y*: 6.79%
• 10Y*: 10.90%

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

SAOPX vs. AUEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SAOPX Barrett Opportunity Fund	6.37%	12.76%	20.81%	17.85%	-6.39%	31.64%	1.23%	19.96%	-9.47%	20.63%
AUEIX AQR Large Cap Defensive Style Fund	5.72%	6.95%	13.85%	9.49%	-13.81%	23.52%	13.10%	28.63%	-0.27%	22.14%

Correlation

The correlation between SAOPX and AUEIX is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jul 9, 2012	0.83

Over the past year, the correlation between SAOPX and AUEIX has dropped to 0.60 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.

Return for Risk

SAOPX vs. AUEIX — Risk / Return Rank

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

SAOPX

SAOPX Risk / Return Rank: 63
SAOPX Sharpe Ratio Rank: 65
SAOPX Sortino Ratio Rank: 63
SAOPX Omega Ratio Rank: 59
SAOPX Calmar Ratio Rank: 80
SAOPX Martin Ratio Rank: 49

AUEIX

AUEIX Risk / Return Rank: 16
AUEIX Sharpe Ratio Rank: 14
AUEIX Sortino Ratio Rank: 14
AUEIX Omega Ratio Rank: 13
AUEIX Calmar Ratio Rank: 17
AUEIX Martin Ratio Rank: 20

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.

SAOPX vs. AUEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Barrett Opportunity Fund (SAOPX) 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.

	SAOPX	AUEIX	Difference
Sharpe ratio: Return per unit of total volatility	2.17	1.00	+1.17
Sortino ratio: Return per unit of downside risk	3.02	1.45	+1.58
Omega ratio: Gain probability vs. loss probability	1.39	1.18	+0.21
Calmar ratio: Return relative to maximum drawdown	3.42	1.41	+2.00
Martin ratio: Return relative to average drawdown	9.56	4.67	+4.90

SAOPX vs. AUEIX - Sharpe Ratio Comparison

The current SAOPX Sharpe Ratio is 2.17, which is higher than the AUEIX Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of SAOPX 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

SAOPX vs. AUEIX - Drawdown Comparison

The maximum SAOPX drawdown since its inception was -65.75%, which is greater than AUEIX's maximum drawdown of -30.82%. Use the drawdown chart below to compare losses from any high point for SAOPX and AUEIX.

Drawdown Indicators

	SAOPX	AUEIX	Difference
Max Drawdown Largest peak-to-trough decline	-65.75%	-30.82%	-34.93%
Max Drawdown (1Y) Largest decline over 1 year	-7.64%	-5.91%	-1.73%
Max Drawdown (3Y) Largest decline over 3 years	-52.45%	-10.27%	-42.18%
Max Drawdown (5Y) Largest decline over 5 years	-52.45%	-22.08%	-30.37%
Max Drawdown (10Y) Largest decline over 10 years	-52.45%	-30.82%	-21.63%
Current Drawdown Current decline from peak	-29.91%	-1.32%	-28.59%
Average Drawdown Average peak-to-trough decline	-12.45%	-3.41%	-9.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.72%	1.78%	+0.94%

Volatility

SAOPX vs. AUEIX - Volatility Comparison

The current volatility for Barrett Opportunity Fund (SAOPX) is 3.15%, while AQR Large Cap Defensive Style Fund (AUEIX) has a volatility of 3.42%. This indicates that SAOPX 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

	SAOPX	AUEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.15%	3.42%	-0.27%
Volatility (6M) Calculated over the trailing 6-month period	8.82%	6.24%	+2.58%
Volatility (1Y) Calculated over the trailing 1-year period	12.03%	8.38%	+3.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.70%	13.04%	+24.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.84%	15.22%	+14.62%

SAOPX vs. AUEIX - Expense Ratio Comparison

SAOPX has a 1.18% expense ratio, which is higher than AUEIX's 0.37% expense ratio.

Dividends

SAOPX vs. AUEIX - Dividend Comparison

SAOPX's dividend yield for the trailing twelve months is around 41.14%, more than AUEIX's 21.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AUEIX AQR Large Cap Defensive Style Fund	21.47%	22.70%	24.31%	24.28%	10.26%	2.54%	1.29%	1.12%	1.67%	2.36%	1.99%	6.18%
SAOPX Barrett Opportunity Fund	41.14%	43.76%	68.76%	28.25%	13.34%	12.53%	6.24%	10.08%	15.51%	6.06%	26.77%	11.55%

Frequently Asked Questions

Can I hold both SAOPX and AUEIX in my portfolio?

SAOPX and AUEIX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SAOPX or AUEIX?

AUEIX has higher volatility (3.42%) compared to SAOPX (3.15%). In terms of maximum drawdown, SAOPX dropped -65.75% vs AUEIX's -30.82%.

Which has better risk-adjusted returns?

SAOPX currently has the higher Sharpe Ratio (2.17 vs 1.00), 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.