TINRX vs. QCELX

Last updated Aug 1, 2026

TINRX (Nuveen Equity Index Fund Class A) and QCELX (AQR Large Cap Multi-Style Fund) are both Large Cap Blend Equities funds. Over the past 10 years, TINRX returned 13.99%/yr vs 14.84%/yr for QCELX. Their 0.97 correlation means they have historically moved very closely together. TINRX charges 0.36%/yr vs 0.41%/yr for QCELX.

Performance

TINRX vs. QCELX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Equity Index Fund Class A (TINRX) and AQR Large Cap Multi-Style Fund (QCELX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TINRX achieves a 9.53% return, which is significantly lower than QCELX's 18.14% return. Over the past 10 years, TINRX has underperformed QCELX with an annualized return of 13.99%, while QCELX has yielded a comparatively higher 14.84% annualized return.

TINRX

• 1D: 1.61%
• 1M: -0.80%
• 6M: 7.88%
• YTD: 9.53%
• 1Y: 20.52%
• 3Y*: 18.15%
• 5Y*: 11.36%
• 10Y*: 13.99%
• ALL TIME*: 10.32%

QCELX

• 1D: 1.24%
• 1M: 1.62%
• 6M: 14.89%
• YTD: 18.14%
• 1Y: 32.89%
• 3Y*: 23.69%
• 5Y*: 15.42%
• 10Y*: 14.84%
• ALL TIME*: 12.97%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QCELX AQR Large Cap Multi-Style Fund	$0.00	$0.00	$0.00
TINRX Nuveen Equity Index Fund Class A	$0.00	$0.00	$0.00

TINRX vs. QCELX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TINRX Nuveen Equity Index Fund Class A	9.53%	16.71%	23.38%	25.60%	-19.38%	25.30%	20.46%	30.56%	-5.55%	19.06%
QCELX AQR Large Cap Multi-Style Fund	18.14%	23.38%	22.73%	26.30%	-15.73%	27.18%	14.93%	24.33%	-10.96%	22.73%

Correlation

The correlation between TINRX and QCELX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.96
Correlation (3Y) Balances recent behavior with more history.	0.97
Correlation (5Y) Shows whether the relationship held over a longer period.	0.97
Correlation (10Y) Provides a long-term view across more market conditions.	0.96
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.97

The correlation between TINRX and QCELX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

Return for Risk

TINRX vs. QCELX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TINRX

TINRX Risk / Return Rank: 50
TINRX Sharpe Ratio Rank: 46
TINRX Sortino Ratio Rank: 43
TINRX Omega Ratio Rank: 43
TINRX Calmar Ratio Rank: 53
TINRX Martin Ratio Rank: 66

QCELX

QCELX Risk / Return Rank: 90
QCELX Sharpe Ratio Rank: 90
QCELX Sortino Ratio Rank: 86
QCELX Omega Ratio Rank: 83
QCELX Calmar Ratio Rank: 94
QCELX Martin Ratio Rank: 96

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TINRX vs. QCELX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Equity Index Fund Class A (TINRX) and AQR Large Cap Multi-Style Fund (QCELX). 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.

	TINRX	QCELX	Difference
Sharpe ratio: Return per unit of total volatility	1.39	2.27	-0.88
Sortino ratio: Return per unit of downside risk	1.96	3.09	-1.14
Omega ratio: Gain probability vs. loss probability	1.25	1.40	-0.15
Calmar ratio: Return relative to maximum drawdown	2.05	3.84	-1.79
Martin ratio: Return relative to average drawdown	8.83	16.20	-7.37

TINRX vs. QCELX - Sharpe Ratio Comparison

The current TINRX Sharpe Ratio is 1.39, which is lower than the QCELX Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of TINRX and QCELX, 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

TINRX vs. QCELX - Drawdown Comparison

The maximum TINRX drawdown since its inception was -55.63%, which is greater than QCELX's maximum drawdown of -33.52%. Use the drawdown chart below to compare losses from any high point for TINRX and QCELX.

Drawdown Indicators

	TINRX	QCELX	Difference
Max Drawdown Largest peak-to-trough decline	-55.63%	-33.52%	-22.11%
Max Drawdown (1Y) Largest decline over 1 year	-8.88%	-7.92%	-0.96%
Max Drawdown (3Y) Largest decline over 3 years	-19.32%	-18.38%	-0.94%
Max Drawdown (5Y) Largest decline over 5 years	-25.18%	-28.70%	+3.52%
Max Drawdown (10Y) Largest decline over 10 years	-34.92%	-33.52%	-1.40%
Current Drawdown Current decline from peak	-1.84%	-0.29%	-1.55%
Average Drawdown Average peak-to-trough decline	-7.58%	-5.60%	-1.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	1.87%	+0.19%

Volatility

TINRX vs. QCELX - Volatility Comparison

Nuveen Equity Index Fund Class A (TINRX) has a higher volatility of 3.39% compared to AQR Large Cap Multi-Style Fund (QCELX) at 3.02%. This indicates that TINRX's price experiences larger fluctuations and is considered to be riskier than QCELX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TINRX	QCELX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.39%	3.02%	+0.37%
Volatility (6M) Calculated over the trailing 6-month period	10.22%	10.07%	+0.15%
Volatility (1Y) Calculated over the trailing 1-year period	13.10%	13.41%	-0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.42%	18.99%	-1.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.39%	18.96%	-0.57%

TINRX vs. QCELX - Expense Ratio Comparison

TINRX has a 0.36% expense ratio, which is lower than QCELX's 0.41% expense ratio.

Dividends

TINRX vs. QCELX - Dividend Comparison

TINRX's dividend yield for the trailing twelve months is around 1.90%, less than QCELX's 12.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QCELX AQR Large Cap Multi-Style Fund	12.19%	14.40%	12.89%	13.67%	11.05%	12.41%	9.94%	5.36%	7.81%	0.99%	1.28%	0.89%
TINRX Nuveen Equity Index Fund Class A	1.90%	2.08%	1.34%	1.20%	1.54%	1.79%	1.17%	1.70%	2.08%	0.51%	2.13%	1.24%

Frequently Asked Questions

Can I hold both TINRX and QCELX in my portfolio?

With a correlation of 0.96, TINRX and QCELX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, TINRX or QCELX?

TINRX has higher volatility (3.39%) compared to QCELX (3.02%). In terms of maximum drawdown, TINRX dropped -55.63% vs QCELX's -33.52%.

Which has better risk-adjusted returns?

QCELX currently has the higher Sharpe Ratio (2.27 vs 1.39), 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.