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.
Key characteristics
| AQRIX | QSPIX | |
|---|---|---|
| YTD Return | 8.77% | 17.25% |
| 1Y Return | 13.79% | 13.61% |
| 3Y Return (Ann) | 2.62% | 25.06% |
| 5Y Return (Ann) | 5.28% | 10.39% |
| 10Y Return (Ann) | 5.50% | 5.48% |
| Sharpe Ratio | 1.63 | 1.13 |
| Sortino Ratio | 2.32 | 1.63 |
| Omega Ratio | 1.30 | 1.20 |
| Calmar Ratio | 2.07 | 1.48 |
| Martin Ratio | 8.60 | 3.73 |
| Ulcer Index | 1.68% | 3.69% |
| Daily Std Dev | 8.84% | 12.19% |
| Max Drawdown | -17.67% | -41.37% |
| Current Drawdown | -4.40% | -5.54% |
Correlation
The correlation between AQRIX and QSPIX is 0.07, 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.
Performance
AQRIX vs. QSPIX - Performance Comparison
In the year-to-date period, AQRIX achieves a 8.77% return, which is significantly lower than QSPIX's 17.25% return. Both investments have delivered pretty close results over the past 10 years, with AQRIX having a 5.50% annualized return and QSPIX not far behind at 5.48%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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 2.22%, less than QSPIX's 20.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AQRIX AQR Multi-Asset Fund | 2.22% | 2.42% | 6.82% | 6.39% | 1.09% | 9.58% | 7.36% | 10.49% | 7.08% | 2.51% | 13.71% | 6.79% |
QSPIX AQR Style Premia Alternative Fund | 20.19% | 23.67% | 22.68% | 12.78% | 0.00% | 1.62% | 0.97% | 7.08% | 1.74% | 5.83% | 14.75% | 2.25% |
Drawdowns
AQRIX vs. QSPIX - Drawdown Comparison
The maximum AQRIX drawdown since its inception was -17.67%, 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
The current volatility for AQR Multi-Asset Fund (AQRIX) is 1.89%, while AQR Style Premia Alternative Fund (QSPIX) has a volatility of 2.98%. This indicates that AQRIX 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.