AQR Alternative Risk Premia Fund (QRPIX)
The investment seeks positive absolute returns. The advisor pursues the investment objective by aiming to provide exposure to five separate investment styles: value, momentum, carry, defensive and trend using both long and short positions within the following asset groups: stocks, equity indices, bonds, currencies and commodities. The fund will achieve its exposure to any of the Asset Groups by using derivatives or holding those assets directly. It will also use derivatives for hedging purposes.
Fund Info
| ISIN | US00203H1804 |
|---|---|
| CUSIP | 00203H180 |
| Issuer | AQR Funds |
| Inception Date | Sep 18, 2017 |
| Category | Multistrategy |
| Min. Investment | $5,000,000 |
| Asset Class | Alternatives |
Expense Ratio
The AQR Alternative Risk Premia Fund has a high expense ratio of 1.40%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in AQR Alternative Risk Premia Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
AQR Alternative Risk Premia Fund had a return of 20.58% year-to-date (YTD) and 28.34% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 20.58% | 5.06% |
| 1 month | 2.09% | -3.23% |
| 6 months | 13.58% | 17.14% |
| 1 year | 28.34% | 20.62% |
| 5 years (annualized) | 7.29% | 11.54% |
| 10 years (annualized) | N/A | 10.37% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 7.92% | 4.58% | 6.84% | |||||||||
| 2023 | 7.03% | -1.92% | -1.12% | -4.47% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
AQR Alternative Risk Premia Fund(QRPIX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for AQR Alternative Risk Premia Fund (QRPIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
AQR Alternative Risk Premia Fund granted a 3.75% dividend yield in the last twelve months. The annual payout for that period amounted to $0.44 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.44 | $0.44 | $0.00 | $0.31 | $0.14 | $0.08 | $0.01 |
Dividend yield | 3.75% | 4.52% | 0.00% | 4.08% | 1.98% | 0.85% | 0.09% |
Monthly Dividends
The table displays the monthly dividend distributions for AQR Alternative Risk Premia 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $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 | $0.44 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 |
| 2018 | $0.01 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the AQR Alternative Risk Premia 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 Alternative Risk Premia Fund was 31.96%, occurring on Dec 8, 2020. Recovery took 472 trading sessions.
The current AQR Alternative Risk Premia Fund drawdown is 0.85%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -31.96% | Jan 30, 2018 | 721 | Dec 8, 2020 | 472 | Oct 24, 2022 | 1193 |
| -8.92% | Mar 9, 2023 | 7 | Mar 17, 2023 | 100 | Aug 10, 2023 | 107 |
| -8.76% | Sep 29, 2023 | 63 | Dec 28, 2023 | 25 | Feb 5, 2024 | 88 |
| -6.97% | Nov 8, 2022 | 47 | Jan 17, 2023 | 24 | Feb 21, 2023 | 71 |
| -1.69% | Apr 9, 2024 | 1 | Apr 9, 2024 | 4 | Apr 15, 2024 | 5 |
Volatility
Volatility Chart
The current AQR Alternative Risk Premia Fund volatility is 3.12%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.