AQR Alternative Risk Premia R6 (QRPRX) 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 QRPRX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to QRPRX
QRPRX charges 4.94% annually. There are 47 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 | QRPRX vs RMDFX | |
| Symmetry Panoramic Alternatives Fund | 0.50% | — | Nov 2018 | QRPRX vs SPATX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 0.59% | — | Feb 2018 | QRPRX vs TALTX | |
| GMO Alternative Allocation Fund | 0.61% | — | May 2019 | QRPRX vs GAAVX | |
| Allspring Alternative Risk Premia Fund | 0.72% | — | Jan 2019 | QRPRX vs WRPIX |
Best Risk-Adjusted Alternatives to QRPRX
QRPRX 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 | QRPRX vs SRRIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 100 | — | Aug 2017 | QRPRX vs ARBIX | |
| Strategic Advisers Alternatives Fund | 99 | — | Jul 2022 | QRPRX vs FSLTX | |
| AQR Diversified Arbitrage Fund Class I | 99 | — | Jan 2009 | QRPRX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 99 | — | Jan 2009 | QRPRX vs ADANX |
Top Performing QRPRX Alternatives (YTD)
QRPRX is at 17.83% YTD. No mutual funds in the Multistrategy category have higher YTD returns; the top-performing alternatives shown here go as high as 17.69%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Alternative Risk Premia Fund | 17.69% | — | Sep 2017 | QRPRX vs QRPIX | |
| AQR Alternative Risk Premia Fund Class N | 17.60% | — | Sep 2017 | QRPRX vs QRPNX | |
| AQR Style Premia Alternative Fund | 12.37% | — | Oct 2013 | QRPRX vs QSPIX | |
| AQR Style Premia Alternative R6 | 12.28% | — | Sep 2014 | QRPRX vs QSPRX | |
| AQR Style Premia Alternative Fund Class N | 12.19% | — | Oct 2013 | QRPRX vs QSPNX |
Lowest Volatility Alternatives to QRPRX
QRPRX has 9.59% 1-year volatility. There are 38 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 | QRPRX vs ARBIX | |
| AQR Diversified Arbitrage Fund Class N | 1.46% | — | Jan 2009 | QRPRX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | 1.46% | — | Jan 2009 | QRPRX vs ADAIX | |
| Morningstar Alternatives Fund | 2.32% | — | Nov 2018 | QRPRX vs MSTVX | |
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | 2.36% | — | Feb 2013 | QRPRX vs SHRIX |
Lowest Drawdown Alternatives to QRPRX
QRPRX has a 1-year max drawdown of -3.51%. There are 22 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 | QRPRX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | -0.46% | — | Jan 2009 | QRPRX vs ADAIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | -0.51% | — | Aug 2017 | QRPRX vs ARBIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.55% | — | Dec 2013 | QRPRX vs SRRIX | |
| Strategic Advisers Alternatives Fund | -0.86% | — | Jul 2022 | QRPRX vs FSLTX |
Other Mutual Funds from AQR
The 10 most viewed AQR mutual funds shown here include QCFNX, QMHNX, QCFIX and span 3 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| AQR CVX Fusion Fund Class N | Systematic Trend | — | 15.24% | — | Jun 2025 | QRPRX vs QCFNX | |
| AQR Managed Futures Strategy HV Fund Class N | Systematic Trend | 85 | 12.11% | — | Jul 2013 | QRPRX vs QMHNX | |
| AQR CVX Fusion Fund Class I | Systematic Trend | — | 15.41% | — | Jun 2025 | QRPRX vs QCFIX | |
| AQR LSE Fusion Fund Class I | Long-Short | — | -2.83% | — | Jun 2025 | QRPRX vs QLFIX | |
| AQR MS Fusion HV Fund Fund Class I | Multistrategy | — | -1.52% | — | Jun 2025 | QRPRX vs QHFIX | |
| AQR LSE Fusion Fund Class N | Long-Short | — | -2.91% | — | Jun 2025 | QRPRX vs QLFNX | |
| AQR MS Fusion HV Fund Class R6 | Multistrategy | — | -1.44% | — | Jun 2025 | QRPRX vs QHFRX | |
| AQR MS Fusion Fund Class R6 | Multistrategy | — | 7.50% | — | Jun 2025 | QRPRX vs QMFRX | |
| AQR MS Fusion HV Fund Fund Class N | Multistrategy | — | -1.69% | — | Jun 2025 | QRPRX vs QHFNX | |
| AQR MS Fusion Fund Class N | Multistrategy | — | 7.24% | — | Jun 2025 | QRPRX vs QMFNX |
Often Compared With QRPRX
Investors most often compare QRPRX with GSRTX, FABZX, QLFRX. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare QRPRX with Any Fund or Stock
Compare QRPRX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair QRPRX with funds that move differently
AQR Alternative Risk Premia R6 alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QRPRX.
Explore QRPRX Diversifiers