- Issuer
- AQR Funds
- Inception Date
- Jun 7, 2020
- Category
- Multistrategy
- Min. Investment
- $5,000,000
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
QDSIX Performance Chart
AQR Diversifying Strategies Fund (QDSIX) is up 5.1% 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 $1,730.
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Returns By Period
AQR Diversifying Strategies Fund (QDSIX) has returned 5.07% so far this year and 13.58% over the past 12 months.
AQR Diversifying Strategies Fund
- 1D
- -0.07%
- 1M
- 0.00%
- YTD
- 5.07%
- 6M
- 5.44%
- 1Y
- 13.58%
- 3Y*
- 12.64%
- 5Y*
- 11.58%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
QDSIX Monthly Returns History
Based on dividend-adjusted daily data since Jun 10, 2020, QDSIX's average daily return is +0.05%, while the average monthly return is +0.94%. 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% | -0.20% | 5.07% | ||||||
| 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 has an annualized alpha of 10.99%, 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 -17.87%) - 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
- 10.99%
- Beta
- 0.07
- R²
- 0.02
- Upside Capture
- 24.40%
- Downside Capture
- -17.87%
Expense Ratio
QDSIX has an expense ratio of 0.20%, which is considered low.
Return for Risk
Risk / Return Rank
QDSIX ranks 89 for risk / return — in the top 89% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for AQR Diversifying Strategies Fund (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 | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.37 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 6.76 | 2.78 | +3.97 |
| Martin ratioReturn relative to average drawdown | 18.57 | 12.44 | +6.13 |
Dividends
Dividend History
AQR Diversifying Strategies Fund 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. 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 | ||||||
| 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. 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 was 7.06%, occurring on Aug 4, 2022. Recovery took 64 trading sessions.
The current AQR Diversifying Strategies Fund drawdown is 1.34%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -7.06%Aug 2022 | 1mo 27d | 3mo 1d | 4mo 28dJun 2022 - Nov 2022 |
2024 pullback2024 | -6.90%Aug 2024 | 2mo 8d | 6mo 5d | 8mo 13dMay 2024 - Feb 2025 |
2021 pullback2021 | -6.16%Dec 2021 | 0s | 1mo 23d | 1mo 23dDec 2021 - Feb 2022 |
2023 pullback2023 | -5.74%Mar 2023 | 14d | 4mo 25d | 5mo 9dMar 2023 - Aug 2023 |
2025 selloff2025 | -5.53%Apr 2025 | 5d | 1mo 26d | 2mo 1dApr 2025 - Jun 2025 |
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 | -1.96% | -9.10% | +7.14% |
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 | -1.34% | -1.80% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -1.44% | -10.71% | +9.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 2.03% | -1.32% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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