AQRIX vs. QSPIX
Compare and contrast key facts about AQR Multi-Asset Fund (AQRIX) and AQR Style Premia Alternative Fund (QSPIX).
AQRIX is managed by AQR Funds. It was launched on Sep 29, 2010. QSPIX is managed by AQR Funds. It was launched on Oct 29, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AQRIX or QSPIX.
Performance
AQRIX vs. QSPIX - Performance Comparison
Returns By Period
In the year-to-date period, AQRIX achieves a 11.69% return, which is significantly lower than QSPIX's 19.15% return. Over the past 10 years, AQRIX has underperformed QSPIX with an annualized return of 2.57%, while QSPIX has yielded a comparatively higher 5.51% annualized return.
AQRIX
11.69%
0.38%
2.20%
15.00%
5.70%
2.57%
QSPIX
19.15%
1.62%
-1.09%
14.02%
11.04%
5.51%
Key characteristics
| AQRIX | QSPIX | |
|---|---|---|
| Sharpe Ratio | 1.67 | 1.18 |
| Sortino Ratio | 2.38 | 1.68 |
| Omega Ratio | 1.31 | 1.21 |
| Calmar Ratio | 2.36 | 1.51 |
| Martin Ratio | 8.30 | 3.77 |
| Ulcer Index | 1.78% | 3.72% |
| Daily Std Dev | 8.84% | 11.86% |
| Max Drawdown | -24.06% | -41.37% |
| Current Drawdown | -1.83% | -4.00% |
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AQRIX vs. QSPIX - Expense Ratio Comparison
AQRIX has a 0.80% expense ratio, which is lower than QSPIX's 1.49% expense ratio.
Correlation
The correlation between AQRIX and QSPIX is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
AQRIX vs. QSPIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Multi-Asset Fund (AQRIX) 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.
Dividends
AQRIX vs. QSPIX - Dividend Comparison
AQRIX's dividend yield for the trailing twelve months is around 2.16%, less than QSPIX's 19.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AQRIX AQR Multi-Asset Fund | 2.16% | 2.41% | 6.82% | 5.39% | 1.09% | 9.59% | 3.33% | 1.95% | 2.52% | 0.00% | 4.29% | 2.53% |
QSPIX AQR Style Premia Alternative Fund | 19.87% | 23.67% | 22.69% | 12.79% | 0.00% | 1.62% | 0.96% | 7.08% | 1.74% | 5.83% | 12.86% | 2.25% |
Drawdowns
AQRIX vs. QSPIX - Drawdown Comparison
The maximum AQRIX drawdown since its inception was -24.06%, smaller than the maximum QSPIX drawdown of -41.37%. Use the drawdown chart below to compare losses from any high point for AQRIX and QSPIX. For additional features, visit the drawdowns tool.
Volatility
AQRIX vs. QSPIX - Volatility Comparison
AQR Multi-Asset Fund (AQRIX) has a higher volatility of 2.37% compared to AQR Style Premia Alternative Fund (QSPIX) at 2.18%. This indicates that AQRIX'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.