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 64 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 | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.72% | — | Jan 2009 | QRPNX vs JAAAX |
Best Risk-Adjusted Alternatives to QRPNX
QRPNX has a PortfoliosLab risk / return rank of 98. There are 10 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 | |
| Blackstone Alternative Multi-Strategy Fund | 99 | — | Jun 2014 | QRPNX vs BXMIX | |
| AQR Diversified Arbitrage Fund Class I | 99 | — | Jan 2009 | QRPNX vs ADAIX |
Top Performing QRPNX Alternatives (YTD)
QRPNX is at 22.58% YTD. There are 2 mutual funds in the Multistrategy category with higher YTD returns, going as high as 22.83%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Alternative Risk Premia R6 | 22.83% | — | Sep 2017 | QRPNX vs QRPRX | |
| AQR Alternative Risk Premia Fund - Class I | 22.71% | — | Sep 2017 | QRPNX vs QRPIX | |
| AQR Style Premia Alternative Fund - Class I | 18.03% | — | Oct 2013 | QRPNX vs QSPIX | |
| AQR Style Premia Alternative R6 | 18.03% | — | Sep 2014 | QRPNX vs QSPRX | |
| AQR Style Premia Alternative Fund Class N | 17.82% | — | Oct 2013 | QRPNX vs QSPNX |
Lowest Volatility Alternatives to QRPNX
QRPNX has 9.44% 1-year volatility. There are 54 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 | QRPNX vs ARBIX | |
| AQR Diversified Arbitrage Fund Class I | 1.49% | — | Jan 2009 | QRPNX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 1.49% | — | Jan 2009 | QRPNX vs ADANX | |
| Strategic Advisers Alternatives Fund | 2.26% | — | Jul 2022 | QRPNX vs FSLTX | |
| Morningstar Alternatives Fund | 2.29% | — | Nov 2018 | QRPNX vs MSTVX |
Lowest Drawdown Alternatives to QRPNX
QRPNX has a 1-year max drawdown of -3.62%. There are 29 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 | QRPNX vs ARBIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.55% | — | Dec 2013 | QRPNX vs SRRIX | |
| AQR Diversified Arbitrage Fund Class I | -0.60% | — | Jan 2009 | QRPNX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | -0.60% | — | Jan 2009 | QRPNX vs ADANX | |
| Strategic Advisers Alternatives Fund | -0.86% | — | Jul 2022 | QRPNX 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 | 77 | 0.95% | — | Jul 2013 | QRPNX vs QLEIX | |
| AQR Long-Short Equity Fund Class N | Long-Short, Actively Managed | 74 | 0.78% | — | Jul 2013 | QRPNX vs QLENX | |
| AQR Equity Market Neutral Fund Class N | Equity Market Neutral | 15 | -5.98% | — | Oct 2014 | QRPNX vs QMNNX | |
| AQR Managed Futures Strategy Fund - Class I | Systematic Trend | 90 | 10.55% | — | Jan 2010 | QRPNX vs AQMIX | |
| AQR Diversifying Strategies Fund - Class I | Multistrategy | 93 | 5.71% | — | Jun 2020 | QRPNX vs QDSIX | |
| AQR Managed Futures Strategy HV Fund | Systematic Trend | 81 | 12.79% | — | Jul 2013 | QRPNX vs QMHIX | |
| AQR Trend Total Return Fund | Systematic Trend | 91 | 13.60% | — | Dec 2021 | QRPNX vs QNZNX | |
| AQR Multi-Asset Fund | Tactical Allocation | 72 | 8.79% | — | Sep 2010 | QRPNX vs AQRIX | |
| AQR Global Equity Fund | Global Equities | 80 | 13.60% | — | Dec 2009 | QRPNX vs AQGIX | |
| AQR Diversifying Strategies Fund Class N | Tactical Allocation | 92 | 5.52% | — | Jun 2020 | QRPNX vs QDSNX |
Often Compared With QRPNX
Investors most often compare QRPNX with SMSAX, QCFIX, SHRIX. These 20 comparison targets span 6 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