ADX vs. QSPIX
ADX (Adams Diversified Equity Fund, Inc.) and QSPIX (AQR Style Premia Alternative Fund - Class I) are both mutual funds - ADX is a Large Cap Blend Equities fund actively managed by Adams Funds, while QSPIX is a Multistrategy fund managed by AQR. Over the past 10 years, ADX returned 18.30%/yr vs 7.79%/yr for QSPIX. Their -0.07 correlation means they have often moved in opposite directions in the past. ADX charges 0.59%/yr vs 1.53%/yr for QSPIX.
Performance
ADX vs. QSPIX - Performance Comparison
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Returns By Period
In the year-to-date period, ADX achieves a 16.11% return, which is significantly lower than QSPIX's 17.69% return. Over the past 10 years, ADX has outperformed QSPIX with an annualized return of 18.30%, while QSPIX has yielded a comparatively lower 7.79% annualized return.
ADX
- 1D
- 1.27%
- 1M
- 1.69%
- 6M
- 14.25%
- YTD
- 16.11%
- 1Y
- 30.61%
- 3Y*
- 26.36%
- 5Y*
- 17.06%
- 10Y*
- 18.30%
- ALL TIME*
- 8.64%
QSPIX
- 1D
- 0.49%
- 1M
- 6.60%
- 6M
- 14.51%
- YTD
- 17.69%
- 1Y
- 22.16%
- 3Y*
- 20.71%
- 5Y*
- 20.15%
- 10Y*
- 7.79%
- ALL TIME*
- 7.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.83M | $7.82M | $6.92M | |
| $0.00 | $0.00 | $0.00 |
ADX vs. QSPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ADX Adams Diversified Equity Fund, Inc. | 16.11% | 26.03% | 28.31% | 31.49% | -19.82% | 29.69% | 17.28% | 36.75% | -3.58% | 29.61% |
QSPIX AQR Style Premia Alternative Fund - Class I | 17.69% | 14.82% | 21.48% | 12.46% | 30.76% | 24.93% | -21.96% | -8.22% | -12.35% | 12.12% |
Correlation
The correlation between ADX and QSPIX is -0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.09 |
Correlation (3Y) Balances recent behavior with more history. | -0.11 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.18 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.09 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | -0.07 |
The correlation between ADX and QSPIX shifts across timeframes, from -0.18 (5 years) to -0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ADX vs. QSPIX — Risk / Return Rank
ADX
QSPIX
ADX vs. QSPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Adams Diversified Equity Fund, Inc. (ADX) and AQR Style Premia Alternative Fund - Class I (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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ADX | QSPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.40 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 4.35 | -1.59 |
| Martin ratioReturn relative to average drawdown | 13.65 | 11.87 | +1.78 |
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Drawdowns
ADX vs. QSPIX - Drawdown Comparison
The maximum ADX drawdown since its inception was -71.60%, which is greater than QSPIX's maximum drawdown of -41.37%. Use the drawdown chart below to compare losses from any high point for ADX and QSPIX.
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Drawdown Indicators
| ADX | QSPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.60% | -41.37% | -30.23% |
Max Drawdown (1Y)Largest decline over 1 year | -10.16% | -5.09% | -5.07% |
Max Drawdown (3Y)Largest decline over 3 years | -18.29% | -9.31% | -8.98% |
Max Drawdown (5Y)Largest decline over 5 years | -25.07% | -17.13% | -7.94% |
Max Drawdown (10Y)Largest decline over 10 years | -37.17% | -41.37% | +4.20% |
Current DrawdownCurrent decline from peak | -1.32% | 0.00% | -1.32% |
Average DrawdownAverage peak-to-trough decline | -22.06% | -9.32% | -12.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 1.86% | +0.19% |
Volatility
ADX vs. QSPIX - Volatility Comparison
Adams Diversified Equity Fund, Inc. (ADX) has a higher volatility of 4.93% compared to AQR Style Premia Alternative Fund - Class I (QSPIX) at 2.28%. This indicates that ADX's price experiences larger fluctuations and is considered to be riskier 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
| ADX | QSPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 2.28% | +2.65% |
Volatility (6M)Calculated over the trailing 6-month period | 11.88% | 7.09% | +4.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.86% | 9.65% | +5.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.49% | 15.84% | +1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.07% | 12.85% | +5.22% |
ADX vs. QSPIX - Expense Ratio Comparison
ADX has a 0.59% expense ratio, which is lower than QSPIX's 1.53% expense ratio.
Dividends
ADX vs. QSPIX - Dividend Comparison
ADX's dividend yield for the trailing twelve months is around 7.48%, more than QSPIX's 2.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADX Adams Diversified Equity Fund, Inc. | 7.48% | 7.93% | 12.38% | 7.34% | 7.36% | 15.35% | 6.54% | 9.00% | 15.85% | 9.18% | 7.79% | 7.17% |
QSPIX AQR Style Premia Alternative Fund - Class I | 2.18% | 2.57% | 6.95% | 23.77% | 22.68% | 12.78% | 0.00% | 1.62% | 0.96% | 7.08% | 1.74% | 5.83% |
Frequently Asked Questions
ADX and QSPIX have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADX has higher volatility (4.93%) compared to QSPIX (2.28%). In terms of maximum drawdown, ADX dropped -71.60% vs QSPIX's -41.37%.
QSPIX currently has the higher Sharpe Ratio (2.30 vs 1.89), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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