AQR Style Premia Alternative Fund (QSPIX)

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AQR Style Premia Alternative Fund (QSPIX) is up 13.4% since the beginning of the year. QSPIX is currently trading at $10 per share. Investors who bought $1,000 worth of QSPIX shares 5 years ago would now be looking at an investment worth $2,471.

AQR Style Premia Alternative Fund (QSPIX) has returned 13.41% so far this year and 18.00% over the past 12 months. Over the last ten years, QSPIX has returned 7.48% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% 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 +0.67%. At this rate, an investment would double in approximately 8.7 years.

Historically, 56% of months were positive and 44% 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 8.89%, beta of -0.04, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 02, 2014.

• This fund captured 14.77% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -24.16%) - 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 56 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

AQR Style Premia Alternative Fund provided a 2.27% 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 0.51%.

The chart below shows the rolling one-month volatility.