AQR Alternative Risk Premia Fund - Class I (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 1.48% annually. There are 32 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 98. There are 8 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 | |
| Blackstone Alternative Multi-Strategy Fund | 99 | — | Jun 2014 | QRPIX vs BXMIX | |
| AQR Diversified Arbitrage Fund Class I | 99 | — | Jan 2009 | QRPIX vs ADAIX |
Top Performing QRPIX Alternatives (YTD)
QRPIX is at 21.98% YTD. There is 1 mutual fund in the Multistrategy category with a higher YTD return, going as high as 22.10%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Alternative Risk Premia R6 | 22.10% | — | Sep 2017 | QRPIX vs QRPRX | |
| AQR Alternative Risk Premia Fund Class N | 21.85% | — | Sep 2017 | QRPIX vs QRPNX | |
| AQR Style Premia Alternative Fund - Class I | 17.69% | — | Oct 2013 | QRPIX vs QSPIX | |
| AQR Style Premia Alternative R6 | 17.68% | — | Sep 2014 | QRPIX vs QSPRX | |
| AQR Style Premia Alternative Fund Class N | 17.58% | — | Oct 2013 | QRPIX vs QSPNX |
Lowest Volatility Alternatives to QRPIX
QRPIX has 9.46% 1-year volatility. There are 55 mutual funds in the Multistrategy category with lower 1-year volatility, going as low as 1.25%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | 1.25% | — | Aug 2017 | QRPIX vs ARBIX | |
| AQR Diversified Arbitrage Fund Class N | 1.47% | — | Jan 2009 | QRPIX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | 1.48% | — | Jan 2009 | QRPIX vs ADAIX | |
| Strategic Advisers Alternatives Fund | 2.25% | — | Jul 2022 | QRPIX vs FSLTX | |
| Morningstar Alternatives Fund | 2.29% | — | Nov 2018 | QRPIX vs MSTVX |
Lowest Drawdown Alternatives to QRPIX
QRPIX has a 1-year max drawdown of -3.59%. There are 28 mutual funds in the Multistrategy category with shallower 1-year drawdowns, going as shallow as -0.51%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| 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 | |
| AQR Diversified Arbitrage Fund Class N | -0.60% | — | Jan 2009 | QRPIX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | -0.60% | — | Jan 2009 | QRPIX vs ADAIX | |
| Strategic Advisers Alternatives Fund | -0.86% | — | Jul 2022 | QRPIX vs FSLTX |
Other Mutual Funds from AQR
The 10 most viewed AQR 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 | 78 | 0.43% | — | Jul 2013 | QRPIX vs QLEIX | |
| AQR Long-Short Equity Fund Class N | Long-Short, Actively Managed | 75 | 0.24% | — | Jul 2013 | QRPIX vs QLENX | |
| AQR Equity Market Neutral Fund Class N | Equity Market Neutral | 18 | -6.23% | — | Oct 2014 | QRPIX vs QMNNX | |
| AQR Managed Futures Strategy Fund - Class I | Systematic Trend | 90 | 10.24% | — | Jan 2010 | QRPIX vs AQMIX | |
| AQR Diversifying Strategies Fund - Class I | Multistrategy | 92 | 5.50% | — | Jun 2020 | QRPIX vs QDSIX | |
| AQR Managed Futures Strategy HV Fund | Systematic Trend | 82 | 12.49% | — | Jul 2013 | QRPIX vs QMHIX | |
| AQR Trend Total Return Fund | Systematic Trend | 91 | 13.04% | — | Dec 2021 | QRPIX vs QNZNX | |
| AQR Multi-Asset Fund | Tactical Allocation | 76 | 8.88% | — | Sep 2010 | QRPIX vs AQRIX | |
| AQR Global Equity Fund | Global Equities | 81 | 13.10% | — | Dec 2009 | QRPIX vs AQGIX | |
| AQR Diversifying Strategies Fund Class N | Tactical Allocation | 92 | 5.37% | — | Jun 2020 | QRPIX vs QDSNX |
Often Compared With QRPIX
Investors most often compare QRPIX with QNZIX, DIAMX, ACWV. These 20 comparison targets span 10 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 - Class I alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QRPIX.
Explore QRPIX Diversifiers