ADAIX vs. QSPIX
Compare and contrast key facts about AQR Diversified Arbitrage Fund Class I (ADAIX) and AQR Style Premia Alternative Fund (QSPIX).
ADAIX is an actively managed fund by AQR Funds. It was launched on Jan 15, 2009. QSPIX is managed by AQR Funds. It was launched on Oct 29, 2013.
Performance
ADAIX vs. QSPIX - Performance Comparison
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ADAIX vs. QSPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ADAIX AQR Diversified Arbitrage Fund Class I | 0.78% | 8.03% | 3.19% | 4.51% | -3.30% | 6.27% | 25.24% | 8.53% | 2.19% | 5.93% |
QSPIX AQR Style Premia Alternative Fund | 9.94% | 14.82% | 21.48% | 12.46% | 30.76% | 24.93% | -21.96% | -8.22% | -12.35% | 12.12% |
Returns By Period
In the year-to-date period, ADAIX achieves a 0.78% return, which is significantly lower than QSPIX's 9.94% return. Both investments have delivered pretty close results over the past 10 years, with ADAIX having a 6.75% annualized return and QSPIX not far ahead at 7.05%.
ADAIX
- 1D
- -0.15%
- 1M
- 0.08%
- YTD
- 0.78%
- 6M
- 2.60%
- 1Y
- 6.24%
- 3Y*
- 5.17%
- 5Y*
- 2.72%
- 10Y*
- 6.75%
QSPIX
- 1D
- -0.21%
- 1M
- 3.82%
- YTD
- 9.94%
- 6M
- 12.16%
- 1Y
- 13.99%
- 3Y*
- 19.92%
- 5Y*
- 18.65%
- 10Y*
- 7.05%
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ADAIX vs. QSPIX - Expense Ratio Comparison
ADAIX has a 1.38% expense ratio, which is lower than QSPIX's 1.49% expense ratio.
Return for Risk
ADAIX vs. QSPIX — Risk / Return Rank
ADAIX
QSPIX
ADAIX vs. QSPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Diversified Arbitrage Fund Class I (ADAIX) and AQR Style Premia Alternative Fund (QSPIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ADAIX | QSPIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.19 | 1.42 | +2.77 |
Sortino ratioReturn per unit of downside risk | 6.86 | 1.94 | +4.92 |
Omega ratioGain probability vs. loss probability | 2.06 | 1.26 | +0.80 |
Calmar ratioReturn relative to maximum drawdown | 9.83 | 1.76 | +8.07 |
Martin ratioReturn relative to average drawdown | 37.48 | 5.29 | +32.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ADAIX | QSPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.19 | 1.42 | +2.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 1.18 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.56 | 0.55 | +1.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.19 | 0.61 | +0.57 |
Correlation
The correlation between ADAIX and QSPIX is -0.09. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
ADAIX vs. QSPIX - Dividend Comparison
ADAIX's dividend yield for the trailing twelve months is around 2.10%, less than QSPIX's 2.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADAIX AQR Diversified Arbitrage Fund Class I | 2.10% | 2.12% | 1.23% | 2.74% | 0.10% | 0.65% | 1.60% | 2.11% | 6.53% | 7.17% | 7.18% | 4.93% |
QSPIX AQR Style Premia Alternative Fund | 2.34% | 2.57% | 6.95% | 23.77% | 22.68% | 12.78% | 0.00% | 1.62% | 0.96% | 7.08% | 1.74% | 5.83% |
Drawdowns
ADAIX vs. QSPIX - Drawdown Comparison
The maximum ADAIX drawdown since its inception was -14.75%, smaller than the maximum QSPIX drawdown of -41.37%. Use the drawdown chart below to compare losses from any high point for ADAIX and QSPIX.
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Drawdown Indicators
| ADAIX | QSPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.75% | -41.37% | +26.62% |
Max Drawdown (1Y)Largest decline over 1 year | -0.64% | -8.11% | +7.47% |
Max Drawdown (5Y)Largest decline over 5 years | -7.40% | -17.13% | +9.73% |
Max Drawdown (10Y)Largest decline over 10 years | -14.75% | -41.37% | +26.62% |
Current DrawdownCurrent decline from peak | -0.31% | -0.21% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -9.54% | +6.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.17% | 2.70% | -2.53% |
Volatility
ADAIX vs. QSPIX - Volatility Comparison
The current volatility for AQR Diversified Arbitrage Fund Class I (ADAIX) is 0.38%, while AQR Style Premia Alternative Fund (QSPIX) has a volatility of 2.61%. This indicates that ADAIX experiences smaller price fluctuations and is considered to be less risky than QSPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ADAIX | QSPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.38% | 2.61% | -2.23% |
Volatility (6M)Calculated over the trailing 6-month period | 1.11% | 6.62% | -5.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.54% | 10.12% | -8.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.69% | 15.98% | -13.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.33% | 12.76% | -8.43% |