AQR Style Premia Alternative Fund (QSPIX)
The investment seeks positive absolute returns. The fund pursues its investment objective by aiming to provide exposure to four separate investment styles ("Styles"): value, momentum, carry and defensive, using both "long" and "short" positions within the following asset groups ("Asset Groups"): equities, bonds, interest rates, commodities and currencies. It will achieve its exposure to any of the Asset Groups by using derivatives or holding those assets directly.
Fund Info
US00203H4204
00203H420
Oct 29, 2013
$5,000,000
Share Price Chart
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Performance
Performance Chart
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.
Returns By Period
AQR Style Premia Alternative Fund had a return of 19.15% year-to-date (YTD) and 14.02% in the last 12 months. Over the past 10 years, AQR Style Premia Alternative Fund had an annualized return of 5.51%, while the S&P 500 had an annualized return of 11.16%, indicating that AQR Style Premia Alternative Fund did not perform as well as the benchmark.
QSPIX
19.15%
1.62%
-1.09%
14.02%
11.04%
5.51%
^GSPC (Benchmark)
24.72%
1.67%
12.93%
30.55%
13.88%
11.16%
Monthly Returns
The table below presents the monthly returns of QSPIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 9.65% | 1.60% | 6.96% | 1.23% | 2.91% | -2.12% | -1.44% | -0.73% | -3.20% | 1.02% | 19.15% | ||
| 2023 | 1.47% | 5.80% | -6.85% | 2.54% | -5.21% | 8.80% | -0.76% | 4.84% | 8.51% | -3.14% | 0.81% | -3.10% | 12.96% |
| 2022 | 14.08% | 1.50% | -3.81% | 9.96% | 10.10% | -7.28% | -4.44% | -0.48% | -0.72% | 11.57% | 1.62% | -2.31% | 30.76% |
| 2021 | 5.66% | 2.97% | 10.12% | -1.31% | 1.46% | -1.70% | 2.13% | -0.00% | 0.26% | -7.81% | 1.41% | 10.67% | 24.93% |
| 2020 | -1.35% | -2.99% | -3.98% | -5.87% | -3.26% | -3.67% | -1.07% | 1.85% | -0.45% | -5.01% | -0.64% | 2.25% | -21.96% |
| 2019 | 1.11% | 0.00% | -1.32% | -0.33% | -3.01% | -1.72% | -0.23% | -1.88% | 2.75% | -0.58% | -0.35% | -2.83% | -8.22% |
| 2018 | 1.64% | -1.99% | 1.06% | -0.67% | -4.43% | -3.12% | 0.00% | -0.93% | 1.36% | -3.00% | -1.28% | -1.55% | -12.35% |
| 2017 | 0.40% | 2.71% | -1.95% | -0.40% | 0.40% | 0.20% | 2.98% | 1.26% | 0.38% | 3.14% | 1.29% | 1.20% | 12.12% |
| 2016 | 1.77% | -1.84% | -0.30% | 0.40% | -1.48% | 1.10% | -0.30% | -2.48% | 0.41% | 1.62% | 0.30% | 0.43% | -0.46% |
| 2015 | -1.12% | -3.90% | 2.56% | -1.46% | 3.27% | -0.61% | 2.16% | -0.50% | 5.57% | 1.25% | -1.42% | 3.01% | 8.75% |
| 2014 | -2.46% | 0.10% | 3.02% | 1.37% | 1.25% | -1.52% | 0.68% | -0.48% | -0.00% | 3.08% | 4.12% | 0.07% | 9.41% |
| 2013 | 0.00% | 4.30% | -0.22% | 4.07% |
Expense Ratio
QSPIX has a high expense ratio of 1.49%, indicating higher-than-average management fees.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of QSPIX is 30, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for AQR Style Premia Alternative Fund (QSPIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
AQR Style Premia Alternative Fund provided a 19.87% dividend yield over the last twelve months, with an annual payout of $1.62 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.62 | $1.62 | $1.70 | $0.90 | $0.00 | $0.13 | $0.09 | $0.74 | $0.17 | $0.59 | $1.27 | $0.23 |
Dividend yield | 19.87% | 23.67% | 22.69% | 12.79% | 0.00% | 1.62% | 0.96% | 7.08% | 1.74% | 5.83% | 12.86% | 2.25% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.62 | $1.62 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.70 | $1.70 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.90 | $0.90 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.13 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.09 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.74 | $0.74 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.17 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.59 | $0.59 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.27 | $1.27 |
| 2013 | $0.23 | $0.23 |
Drawdowns
Drawdowns Chart
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.
Worst Drawdowns
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 4.00%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -41.37% | Jan 30, 2018 | 721 | Dec 8, 2020 | 356 | May 9, 2022 | 1077 |
| -17.13% | May 26, 2022 | 48 | Aug 4, 2022 | 133 | Feb 14, 2023 | 181 |
| -11.23% | Mar 3, 2023 | 62 | May 31, 2023 | 54 | Aug 17, 2023 | 116 |
| -9.31% | Jun 3, 2024 | 44 | Aug 5, 2024 | — | — | — |
| -9.01% | Jan 14, 2015 | 39 | Mar 11, 2015 | 113 | Aug 20, 2015 | 152 |
Volatility
Volatility Chart
The current AQR Style Premia Alternative Fund volatility is 2.19%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.