- ISIN
- US00191K3510
- CUSIP
- 00191K351
- Issuer
- AQR
- Inception Date
- Jun 8, 2020
- Region
- Global (Broad)
- Category
- Multistrategy
- Min. Investment
- $5,000,000
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
Share Price Chart
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Performance
QDSIX Performance Chart
AQR Diversifying Strategies Fund - Class I (QDSIX) is up 5.5% since the beginning of the year. QDSIX is currently trading at $15 per share. Investors who bought $1,000 worth of QDSIX shares 5 years ago would now be looking at an investment worth $1,703.
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Returns By Period
AQR Diversifying Strategies Fund - Class I (QDSIX) has returned 5.50% so far this year and 13.88% over the past 12 months.
AQR Diversifying Strategies Fund - Class I
- 1D
- 0.61%
- 1M
- 2.21%
- 6M
- 3.50%
- YTD
- 5.50%
- 1Y
- 13.88%
- 3Y*
- 12.16%
- 5Y*
- 11.24%
- 10Y*
- —
- ALL TIME*
- 11.62%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
QDSIX Monthly Returns History
Based on dividend-adjusted daily data since Jun 10, 2020, QDSIX's average daily return is +0.04%, while the average monthly return is +0.93%. At this rate, an investment would double in approximately 6.2 years.
Historically, 70% of months were positive and 30% were negative. The best month was Mar 2024 with a return of +5.1%, while the worst month was Mar 2023 at -3.7%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, QDSIX closed higher 55% of trading days. The best single day was Dec 30, 2021 with a return of +6.0%, while the worst single day was Dec 31, 2021 at -6.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.93% | 2.24% | -0.96% | 1.11% | 0.89% | -1.36% | 1.58% | 5.50% | |||||
| 2025 | 2.52% | 3.33% | 0.77% | -1.37% | 1.54% | 1.29% | 0.23% | 1.35% | 2.95% | 1.43% | 0.21% | 1.09% | 16.36% |
| 2024 | 3.12% | 2.68% | 5.05% | 0.64% | 1.27% | -0.86% | -1.43% | -0.64% | 0.57% | -1.61% | 2.70% | -1.91% | 9.71% |
| 2023 | 1.22% | 2.58% | -3.69% | 0.96% | -1.64% | 3.95% | 0.68% | 1.93% | 3.46% | -1.03% | 0.72% | -0.33% | 8.88% |
| 2022 | 4.25% | 0.98% | 1.40% | 3.81% | 3.00% | -3.16% | -1.34% | 0.85% | -0.17% | 4.04% | 0.24% | 0.16% | 14.69% |
| 2021 | 1.83% | 1.80% | 3.26% | 1.08% | 1.69% | -0.96% | 0.27% | -0.44% | -0.35% | -0.09% | -1.34% | 3.55% | 10.64% |
Benchmark Metrics
AQR Diversifying Strategies Fund - Class I has an annualized alpha of 10.84%, beta of 0.07, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since June 10, 2020.
- This fund captured 24.40% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -18.14%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.07 may look defensive, but with R2 of 0.02 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.02 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 10.84%
- Beta
- 0.07
- R²
- 0.02
- Upside Capture
- 24.40%
- Downside Capture
- -18.14%
Expense Ratio
QDSIX has a high expense ratio of 1.23%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
QDSIX ranks 92 for risk / return — above 92% of mutual funds peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for AQR Diversifying Strategies Fund - Class I (QDSIX) and compare them to S&P 500 Index.
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.
| QDSIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.25 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 4.21 | 2.00 | +2.21 |
| Martin ratioReturn relative to average drawdown | 13.94 | 8.49 | +5.44 |
Dividends
Dividend History
AQR Diversifying Strategies Fund - Class I provided a 2.12% dividend yield over the last twelve months, with an annual payout of $0.31 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.31 | $0.31 | $0.00 | $1.27 | $0.94 | $0.66 | $0.20 |
Dividend yield | 2.12% | 2.23% | 0.00% | 11.35% | 8.22% | 6.07% | 1.93% |
Monthly Dividends
The table displays the monthly dividend distributions for AQR Diversifying Strategies Fund - Class I. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.31 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.27 | $1.27 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.94 | $0.94 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.66 | $0.66 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the AQR Diversifying Strategies Fund - Class I. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the AQR Diversifying Strategies Fund - Class I was 7.06%, occurring on Aug 4, 2022. Recovery took 64 trading sessions.
The current AQR Diversifying Strategies Fund - Class I drawdown is 0.94%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-7.06%Aug 2022 | 1mo 27d | 3mo 1d | 4mo 28dJun 2022 - Nov 2022 | Bear market2022 |
-6.90%Aug 2024 | 2mo 8d | 6mo 5d | 8mo 13dMay 2024 - Feb 2025 | — |
-6.16%Dec 2021 | 1d | 1mo 23d | 1mo 23dDec 2021 - Feb 2022 | — |
-5.74%Mar 2023 | 14d | 4mo 25d | 5mo 9dMar 2023 - Aug 2023 | — |
-5.53%Apr 2025 | 5d | 1mo 26d | 2mo 1dApr 2025 - Jun 2025 | 2025 selloff2025 |
Drawdown Indicators
| QDSIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.06% | -56.78% | +49.72% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -9.10% | +6.02% |
Max Drawdown (3Y)Largest decline over 3 years | -6.90% | -18.90% | +12.00% |
Max Drawdown (5Y)Largest decline over 5 years | -7.06% | -25.43% | +18.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.94% | -1.58% | +0.64% |
Average DrawdownAverage peak-to-trough decline | -1.44% | -10.70% | +9.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 2.14% | -1.21% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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