AQR Alternative Risk Premia Fund (QRPIX)

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AQR Alternative Risk Premia Fund (QRPIX) is up 17.1% since the beginning of the year. QRPIX is currently trading at $16 per share. Investors who bought $1,000 worth of QRPIX shares 5 years ago would now be looking at an investment worth $2,468.

AQR Alternative Risk Premia Fund (QRPIX) has returned 17.10% so far this year and 31.78% over the past 12 months.

Based on dividend-adjusted daily data since May 21, 2018, QRPIX's average daily return is +0.03%, while the average monthly return is +0.72%. At this rate, an investment would double in approximately 8.1 years.

Historically, 57% of months were positive and 43% were negative. The best month was Jan 2024 with a return of +7.9%, while the worst month was Mar 2023 at -5.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 9 months.

On a daily basis, QRPIX closed higher 49% of trading days. The best single day was Dec 23, 2021 with a return of +4.1%, while the worst single day was Apr 4, 2025 at -5.4%.

AQR Alternative Risk Premia Fund has an annualized alpha of 8.91%, beta of 0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since May 21, 2018.

• This fund captured 16.70% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -14.81%) - a profile typical of hedging or uncorrelated assets.
• Beta of 0.01 may look defensive, but with R2 of 0.00 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 0.00 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.

QRPIX has a high expense ratio of 1.40%, indicating above-average management fees.

QRPIX ranks 95 for risk / return — in the top 95% 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.

AQR Alternative Risk Premia Fund provided a 1.23% dividend yield over the last twelve months, with an annual payout of $0.20 per share.

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.

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.

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 28.45%, occurring on Dec 8, 2020. Recovery took 356 trading sessions.

The current AQR Alternative Risk Premia Fund drawdown is 2.19%.

The chart below shows the rolling one-month volatility.