AQR Diversified Arbitrage Fund Class I (ADAIX) belongs to the Multistrategy category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with ADAIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ADAIX
ADAIX charges 1.38% annually. There are 28 mutual funds in the Multistrategy category with lower expense ratios, going as low as 0.18%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aspiriant Defensive Allocation Fund | 0.18% | — | Dec 2015 | ADAIX vs RMDFX | |
| Symmetry Panoramic Alternatives Fund | 0.50% | — | Nov 2018 | ADAIX vs SPATX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 0.59% | — | Feb 2018 | ADAIX vs TALTX | |
| GMO Alternative Allocation Fund | 0.61% | — | May 2019 | ADAIX vs GAAVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.72% | — | Jan 2009 | ADAIX vs JAAAX |
Best Risk-Adjusted Alternatives to ADAIX
ADAIX has a PortfoliosLab risk / return rank of 99. There are 4 mutual funds in the Multistrategy category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Stone Ridge Reinsurance Risk Premium Interval Fund | 100 | — | Dec 2013 | ADAIX vs SRRIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 100 | — | Aug 2017 | ADAIX vs ARBIX | |
| Strategic Advisers Alternatives Fund | 99 | — | Jul 2022 | ADAIX vs FSLTX | |
| Blackstone Alternative Multi-Strategy Fund | 99 | — | Jun 2014 | ADAIX vs BXMIX | |
| AQR Diversified Arbitrage Fund Class N | 99 | — | Jan 2009 | ADAIX vs ADANX |
Top Performing ADAIX Alternatives (YTD)
ADAIX is at 3.35% YTD. There are 48 mutual funds in the Multistrategy category with higher YTD returns, going as high as 22.83%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Alternative Risk Premia R6 | 22.83% | — | Sep 2017 | ADAIX vs QRPRX | |
| AQR Alternative Risk Premia Fund - Class I | 22.71% | — | Sep 2017 | ADAIX vs QRPIX | |
| AQR Alternative Risk Premia Fund Class N | 22.58% | — | Sep 2017 | ADAIX vs QRPNX | |
| AQR Style Premia Alternative Fund - Class I | 18.03% | — | Oct 2013 | ADAIX vs QSPIX | |
| AQR Style Premia Alternative R6 | 18.03% | — | Sep 2014 | ADAIX vs QSPRX |
Lowest Volatility Alternatives to ADAIX
ADAIX has 1.49% 1-year volatility. There is 1 mutual fund in the Multistrategy category with lower 1-year volatility, going as low as 1.25%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | 1.25% | — | Aug 2017 | ADAIX vs ARBIX | |
| AQR Diversified Arbitrage Fund Class N | 1.49% | — | Jan 2009 | ADAIX vs ADANX | |
| Strategic Advisers Alternatives Fund | 2.26% | — | Jul 2022 | ADAIX vs FSLTX | |
| Morningstar Alternatives Fund | 2.29% | — | Nov 2018 | ADAIX vs MSTVX | |
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | 2.35% | — | Feb 2013 | ADAIX vs SHRIX |
Lowest Drawdown Alternatives to ADAIX
ADAIX has a 1-year max drawdown of -0.60%. There are 2 mutual funds in the Multistrategy category with shallower 1-year drawdowns, going as shallow as -0.51%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | -0.51% | — | Aug 2017 | ADAIX vs ARBIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.55% | — | Dec 2013 | ADAIX vs SRRIX | |
| AQR Diversified Arbitrage Fund Class N | -0.60% | — | Jan 2009 | ADAIX vs ADANX | |
| Strategic Advisers Alternatives Fund | -0.86% | — | Jul 2022 | ADAIX vs FSLTX | |
| FS Credit Income Fund Class I | -0.90% | — | Nov 2017 | ADAIX vs FCRIX |
Other Mutual Funds from AQR
The 10 most viewed AQR mutual funds shown here include QLEIX, QLENX, QMNNX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| AQR Long-Short Equity Fund | Long-Short | 77 | 0.95% | — | Jul 2013 | ADAIX vs QLEIX | |
| AQR Long-Short Equity Fund Class N | Long-Short, Actively Managed | 74 | 0.78% | — | Jul 2013 | ADAIX vs QLENX | |
| AQR Equity Market Neutral Fund Class N | Equity Market Neutral | 15 | -5.98% | — | Oct 2014 | ADAIX vs QMNNX | |
| AQR Managed Futures Strategy Fund - Class I | Systematic Trend | 90 | 10.55% | — | Jan 2010 | ADAIX vs AQMIX | |
| AQR Diversifying Strategies Fund - Class I | Multistrategy | 93 | 5.71% | — | Jun 2020 | ADAIX vs QDSIX | |
| AQR Managed Futures Strategy HV Fund | Systematic Trend | 81 | 12.79% | — | Jul 2013 | ADAIX vs QMHIX | |
| AQR Trend Total Return Fund | Systematic Trend | 91 | 13.60% | — | Dec 2021 | ADAIX vs QNZNX | |
| AQR Multi-Asset Fund | Tactical Allocation | 72 | 8.79% | — | Sep 2010 | ADAIX vs AQRIX | |
| AQR Global Equity Fund | Global Equities | 80 | 13.60% | — | Dec 2009 | ADAIX vs AQGIX | |
| AQR Diversifying Strategies Fund Class N | Tactical Allocation | 92 | 5.52% | — | Jun 2020 | ADAIX vs QDSNX |
Often Compared With ADAIX
Investors most often compare ADAIX with QMNIX, QGMIX, ARB. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare ADAIX with Any Fund or Stock
Compare ADAIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ADAIX with funds that move differently
AQR Diversified Arbitrage Fund Class I alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ADAIX.
Explore ADAIX Diversifiers