AQR Style Premia Alternative Fund (QSPIX)

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The chart shows the growth of an initial investment of $10,000 in AQR Style Premia Alternative Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

AQR Style Premia Alternative Fund (QSPIX) has returned 9.94% so far this year and 13.99% over the past 12 months. Over the last ten years, QSPIX has returned 7.05% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Jan 2, 2014, QSPIX's average daily return is +0.03%, while the average monthly return is +0.66%. At this rate, your investment would double in approximately 8.8 years.

Historically, 55% of months were positive and 45% were negative. The best month was Jan 2022 with a return of +14.1%, while the worst month was Oct 2021 at -7.8%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 10 months.

On a daily basis, QSPIX closed higher 48% of trading days. The best single day was Dec 23, 2021 with a return of +13.0%, while the worst single day was Dec 27, 2021 at -10.0%.

AQR Style Premia Alternative Fund has an annualized alpha of 8.69%, beta of -0.04, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 03, 2014.

• This fund captured 15.28% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -22.60%) — a profile typical of hedging or uncorrelated assets.
• Beta of -0.04 may look defensive, but with R² of 0.00 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.00 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

QSPIX has a high expense ratio of 1.49%, indicating above-average management fees.

QSPIX ranks 70 for risk / return — better than 70% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for AQR Style Premia Alternative Fund (QSPIX) and compare them to a chosen benchmark (S&P 500 Index).

AQR Style Premia Alternative Fund provided a 2.34% dividend yield over the last twelve months, with an annual payout of $0.22 per share.

The table displays the monthly dividend distributions for AQR Style Premia Alternative Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the AQR Style Premia Alternative Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the AQR Style Premia Alternative Fund was 41.37%, occurring on Dec 8, 2020. Recovery took 356 trading sessions.

The current AQR Style Premia Alternative Fund drawdown is 0.21%.

The chart below shows the rolling one-month volatility.