AQR Alternative Risk Premia Fund Class N (QRPNX) 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 QRPNX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to QRPNX
QRPNX charges 5.29% annually. There are 48 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 | QRPNX vs RMDFX | |
| Symmetry Panoramic Alternatives Fund | 0.50% | — | Nov 2018 | QRPNX vs SPATX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 0.59% | — | Feb 2018 | QRPNX vs TALTX | |
| GMO Alternative Allocation Fund | 0.61% | — | May 2019 | QRPNX vs GAAVX | |
| Allspring Alternative Risk Premia Fund | 0.72% | — | Jan 2019 | QRPNX vs WRPIX |
Best Risk-Adjusted Alternatives to QRPNX
QRPNX has a PortfoliosLab risk / return rank of 96. There are 12 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 | QRPNX vs SRRIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 100 | — | Aug 2017 | QRPNX vs ARBIX | |
| Strategic Advisers Alternatives Fund | 99 | — | Jul 2022 | QRPNX vs FSLTX | |
| AQR Diversified Arbitrage Fund Class I | 99 | — | Jan 2009 | QRPNX vs ADAIX | |
| Blackstone Alternative Multi-Strategy Fund | 99 | — | Jun 2014 | QRPNX vs BXMIX |
Top Performing QRPNX Alternatives (YTD)
QRPNX is at 18.26% YTD. There are 2 mutual funds in the Multistrategy category with higher YTD returns, going as high as 18.48%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Alternative Risk Premia R6 | 18.48% | — | Sep 2017 | QRPNX vs QRPRX | |
| AQR Alternative Risk Premia Fund | 18.34% | — | Sep 2017 | QRPNX vs QRPIX | |
| AQR Style Premia Alternative R6 | 12.97% | — | Sep 2014 | QRPNX vs QSPRX | |
| AQR Style Premia Alternative Fund | 12.95% | — | Oct 2013 | QRPNX vs QSPIX | |
| AQR Style Premia Alternative Fund Class N | 12.90% | — | Oct 2013 | QRPNX vs QSPNX |
Lowest Volatility Alternatives to QRPNX
QRPNX has 9.46% 1-year volatility. There are 38 mutual funds in the Multistrategy category with lower 1-year volatility, going as low as 1.24%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | 1.24% | — | Aug 2017 | QRPNX vs ARBIX | |
| AQR Diversified Arbitrage Fund Class I | 1.42% | — | Jan 2009 | QRPNX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 1.42% | — | Jan 2009 | QRPNX vs ADANX | |
| T. Rowe Price Multi-Strategy Total Return Fund | 1.68% | — | Feb 2018 | QRPNX vs TMSRX | |
| Strategic Advisers Alternatives Fund | 2.18% | — | Jul 2022 | QRPNX vs FSLTX |
Lowest Drawdown Alternatives to QRPNX
QRPNX has a 1-year max drawdown of -3.51%. There are 26 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 | QRPNX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | -0.46% | — | Jan 2009 | QRPNX vs ADAIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | -0.51% | — | Aug 2017 | QRPNX vs ARBIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.55% | — | Dec 2013 | QRPNX vs SRRIX | |
| T. Rowe Price Multi-Strategy Total Return Fund | -0.83% | — | Feb 2018 | QRPNX vs TMSRX |
Other Mutual Funds from AQR
The 10 most viewed AQR mutual funds shown here include QCFNX, QCFIX, QMHNX and span 3 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| AQR CVX Fusion Fund Class N | Systematic Trend | — | 15.15% | — | Jun 2025 | QRPNX vs QCFNX | |
| AQR CVX Fusion Fund Class I | Systematic Trend | — | 15.32% | — | Jun 2025 | QRPNX vs QCFIX | |
| AQR Managed Futures Strategy HV Fund Class N | Systematic Trend | 87 | 15.24% | — | Jul 2013 | QRPNX vs QMHNX | |
| AQR LSE Fusion Fund Class I | Long-Short | — | -1.33% | — | Jun 2025 | QRPNX vs QLFIX | |
| AQR MS Fusion HV Fund Fund Class I | Multistrategy | — | 1.78% | — | Jun 2025 | QRPNX vs QHFIX | |
| AQR LSE Fusion Fund Class N | Long-Short | — | -1.33% | — | Jun 2025 | QRPNX vs QLFNX | |
| AQR MS Fusion HV Fund Fund Class N | Multistrategy | — | 1.69% | — | Jun 2025 | QRPNX vs QHFNX | |
| AQR MS Fusion Fund Class R6 | Multistrategy | — | 8.72% | — | Jun 2025 | QRPNX vs QMFRX | |
| AQR MS Fusion HV Fund Class R6 | Multistrategy | — | 1.86% | — | Jun 2025 | QRPNX vs QHFRX | |
| AQR MS Fusion Fund Class N | Multistrategy | — | 8.46% | — | Jun 2025 | QRPNX vs QMFNX |
Often Compared With QRPNX
Investors most often compare QRPNX with SMSAX, FCRIX, SHRIX. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare QRPNX with Any Fund or Stock
Compare QRPNX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair QRPNX with funds that move differently
AQR Alternative Risk Premia Fund Class N alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QRPNX.
Explore QRPNX Diversifiers