AQR Alternative Risk Premia Fund (QRPIX) 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 QRPIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to QRPIX
QRPIX charges 1.40% annually. There are 22 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 | QRPIX vs RMDFX | |
| Symmetry Panoramic Alternatives Fund | 0.50% | — | Nov 2018 | QRPIX vs SPATX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 0.59% | — | Feb 2018 | QRPIX vs TALTX | |
| GMO Alternative Allocation Fund | 0.61% | — | May 2019 | QRPIX vs GAAVX | |
| Allspring Alternative Risk Premia Fund | 0.72% | — | Jan 2019 | QRPIX vs WRPIX |
Best Risk-Adjusted Alternatives to QRPIX
QRPIX has a PortfoliosLab risk / return rank of 97. There are 9 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 | QRPIX vs SRRIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 100 | — | Aug 2017 | QRPIX vs ARBIX | |
| Strategic Advisers Alternatives Fund | 99 | — | Jul 2022 | QRPIX vs FSLTX | |
| AQR Diversified Arbitrage Fund Class I | 99 | — | Jan 2009 | QRPIX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 99 | — | Jan 2009 | QRPIX vs ADANX |
Top Performing QRPIX Alternatives (YTD)
QRPIX is at 18.92% YTD. There is 1 mutual fund in the Multistrategy category with a higher YTD return, going as high as 18.99%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Alternative Risk Premia R6 | 18.99% | — | Sep 2017 | QRPIX vs QRPRX | |
| AQR Alternative Risk Premia Fund Class N | 18.84% | — | Sep 2017 | QRPIX vs QRPNX | |
| Abbey Capital Multi Asset Fund Class I | 13.53% | — | Apr 2018 | QRPIX vs MAFIX | |
| AQR Style Premia Alternative R6 | 12.86% | — | Sep 2014 | QRPIX vs QSPRX | |
| AQR Style Premia Alternative Fund | 12.83% | — | Oct 2013 | QRPIX vs QSPIX |
Lowest Volatility Alternatives to QRPIX
QRPIX has 9.23% 1-year volatility. There are 39 mutual funds in the Multistrategy category with lower 1-year volatility, going as low as 1.22%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | 1.22% | — | Aug 2017 | QRPIX vs ARBIX | |
| AQR Diversified Arbitrage Fund Class I | 1.40% | — | Jan 2009 | QRPIX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 1.43% | — | Jan 2009 | QRPIX vs ADANX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 1.43% | — | Feb 2018 | QRPIX vs TALTX | |
| T. Rowe Price Multi-Strategy Total Return Fund | 1.70% | — | Feb 2018 | QRPIX vs TMSRX |
Lowest Drawdown Alternatives to QRPIX
QRPIX has a 1-year max drawdown of -3.48%. There are 24 mutual funds in the Multistrategy category with shallower 1-year drawdowns, going as shallow as -0.39%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Diversified Arbitrage Fund Class N | -0.39% | — | Jan 2009 | QRPIX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | -0.46% | — | Jan 2009 | QRPIX vs ADAIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | -0.51% | — | Aug 2017 | QRPIX vs ARBIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.55% | — | Dec 2013 | QRPIX vs SRRIX | |
| T. Rowe Price Multi-Strategy Total Return Fund | -0.83% | — | Feb 2018 | QRPIX vs TMSRX |
Other Mutual Funds from AQR Funds
The 10 most viewed AQR Funds 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 | 53 | 0.38% | — | Jul 2013 | QRPIX vs QLEIX | |
| AQR Long-Short Equity N | Long-Short | 51 | 0.29% | — | Jul 2013 | QRPIX vs QLENX | |
| AQR Equity Market Neutral Fund N | Equity Market Neutral | 5 | -5.98% | — | Oct 2014 | QRPIX vs QMNNX | |
| AQR Managed Futures Strategy Fund | Systematic Trend | 89 | 12.96% | — | Jan 2010 | QRPIX vs AQMIX | |
| AQR Trend Total Return Fund | Systematic Trend | 95 | 18.15% | — | Dec 2021 | QRPIX vs QNZNX | |
| AQR Multi-Asset Fund | Tactical Allocation | 70 | 10.80% | — | Sep 2010 | QRPIX vs AQRIX | |
| AQR Managed Futures Strategy HV Fund | Systematic Trend | 82 | 17.77% | — | Jul 2013 | QRPIX vs QMHIX | |
| AQR Global Equity Fund | Global Equities | 77 | 13.92% | — | Dec 2009 | QRPIX vs AQGIX | |
| AQR Risk-Balanced Commodities Strategy Fund | Commodities | 82 | 21.57% | — | Jul 2012 | QRPIX vs ARCIX | |
| AQR Large Cap Momentum Style Fund | Large Cap Growth Equities | — | — | — | Jul 2009 | QRPIX vs AMOMX |
Often Compared With QRPIX
Investors most often compare QRPIX with DIAMX, QNZIX, VOO. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare QRPIX with Any Fund or Stock
Compare QRPIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair QRPIX with funds that move differently
AQR Alternative Risk Premia Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QRPIX.
Explore QRPIX Diversifiers