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AQR Style Premia Alternative Fund Class N (QSPNX) Sharpe Ratio: 1.59

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The AQR Style Premia Alternative Fund seeks positive absolute returns by systematically harvesting style premia across major global asset classes, employing a market-neutral, multi-strategy approach that invests both long and short in equities, fixed income, commodities, and currencies.

QSPNX's Sharpe Ratio of 1.59 indicates that for each unit of volatility, it generates 1.59 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 23, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

QSPNX Sharpe Ratio Rank

QSPNX Sharpe Ratio Rank: 34.935
Below Average

QSPNX ranks above 34.9% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

QSPNX Sharpe Ratio Market Positioning

The chart shows QSPNX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.33 or lower
  • Yellow zone (middle 50%): 1.33 to 2.32
  • Green zone (top 25%): 2.32 or higher
  • Top 1%: 4.32+
  • Median: 1.93 — half of all investments score higher

How it compares to other similar mutual funds

The table compares AQR Style Premia Alternative Fund Class N's Sharpe Ratio with other mutual funds in the Multistrategy category across multiple time periods, showing how QSPNX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 23, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
SRRIXStone Ridge Reinsurance Risk Premium Interval Fund14.20
ARBIXAbsolute Convertible Arbitrage Fund Institutional Shares7.92
FSLTXStrategic Advisers Alternatives Fund5.54
SHRIXStone Ridge High Yield Reinsurance Risk Premium Fund Class I5.19
BXMIXBlackstone Alternative Multi-Strategy Fund4.79
ADAIXAQR Diversified Arbitrage Fund Class I4.55
ADANXAQR Diversified Arbitrage Fund Class N4.33
RMDFXAspiriant Defensive Allocation Fund3.88
PSMIXPrincipal Global Multi-Strategy Fund3.52
SPATXSymmetry Panoramic Alternatives Fund3.47
QSPNXAQR Style Premia Alternative Fund Class N1.59

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows QSPNX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when QSPNX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does QSPNX fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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