ARCNX vs. QRPNX

Last updated Apr 2, 2026

Compare and contrast key facts about AQR Risk-Balanced Commodities Strategy Fund Class N (ARCNX) and AQR Alternative Risk Premia Fund Class N (QRPNX).

ARCNX is managed by AQR. QRPNX is an actively managed fund by AQR. It was launched on Sep 19, 2017.

Performance

ARCNX vs. QRPNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR Risk-Balanced Commodities Strategy Fund Class N (ARCNX) and AQR Alternative Risk Premia Fund Class N (QRPNX). The values are adjusted to include any dividend payments, if applicable.

ARCNX vs. QRPNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
ARCNX AQR Risk-Balanced Commodities Strategy Fund Class N	17.59%	20.76%	7.19%	-0.50%	20.97%	39.48%	8.11%	17.68%	-20.17%
QRPNX AQR Alternative Risk Premia Fund Class N	9.02%	23.09%	18.64%	6.94%	24.83%	14.04%	-21.20%	-3.25%	-4.58%

Returns By Period

In the year-to-date period, ARCNX achieves a 17.59% return, which is significantly higher than QRPNX's 9.02% return.

ARCNX

• 1D: 0.47%
• 1M: 5.67%
• YTD: 17.59%
• 6M: 26.30%
• 1Y: 30.38%
• 3Y*: 14.32%
• 5Y*: 18.41%
• 10Y*: 12.76%

QRPNX

• 1D: 0.47%
• 1M: -0.13%
• YTD: 9.02%
• 6M: 14.05%
• 1Y: 19.10%
• 3Y*: 19.88%
• 5Y*: 17.45%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ARCNX vs. QRPNX - Expense Ratio Comparison

ARCNX has a 1.28% expense ratio, which is lower than QRPNX's 5.29% expense ratio.

QRPNX

AQR Alternative Risk Premia Fund Class N

ARCNX

AQR Risk-Balanced Commodities Strategy Fund Class N

Return for Risk

ARCNX vs. QRPNX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARCNX

ARCNX Risk / Return Rank: 88
ARCNX Sharpe Ratio Rank: 90
ARCNX Sortino Ratio Rank: 86
ARCNX Omega Ratio Rank: 84
ARCNX Calmar Ratio Rank: 93
ARCNX Martin Ratio Rank: 86

QRPNX

QRPNX Risk / Return Rank: 79
QRPNX Sharpe Ratio Rank: 88
QRPNX Sortino Ratio Rank: 83
QRPNX Omega Ratio Rank: 86
QRPNX Calmar Ratio Rank: 76
QRPNX Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ARCNX vs. QRPNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR Risk-Balanced Commodities Strategy Fund Class N (ARCNX) and AQR Alternative Risk Premia Fund Class N (QRPNX). 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.

	ARCNX	QRPNX	Difference
Sharpe ratio Return per unit of total volatility	1.96	1.80	+0.16
Sortino ratio Return per unit of downside risk	2.45	2.22	+0.24
Omega ratio Gain probability vs. loss probability	1.36	1.36	0.00
Calmar ratio Return relative to maximum drawdown	3.14	1.91	+1.23
Martin ratio Return relative to average drawdown	9.87	6.45	+3.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARCNX vs. QRPNX - Sharpe Ratio Comparison

The current ARCNX Sharpe Ratio is 1.96, which is comparable to the QRPNX Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of ARCNX and QRPNX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ARCNX	QRPNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.96	1.80	+0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.97	1.50	-0.54
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.73	-0.43

Correlation

The correlation between ARCNX and QRPNX is 0.08, 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.

Dividends

ARCNX vs. QRPNX - Dividend Comparison

ARCNX's dividend yield for the trailing twelve months is around 11.54%, more than QRPNX's 1.04% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ARCNX AQR Risk-Balanced Commodities Strategy Fund Class N	11.54%	13.57%	1.89%	7.45%	9.45%	18.31%	0.09%	4.98%	0.29%	0.01%	4.69%
QRPNX AQR Alternative Risk Premia Fund Class N	1.04%	1.14%	2.04%	4.33%	0.00%	3.84%	1.98%	0.57%	0.07%	0.00%	0.00%

Drawdowns

ARCNX vs. QRPNX - Drawdown Comparison

The maximum ARCNX drawdown since its inception was -55.17%, which is greater than QRPNX's maximum drawdown of -28.78%. Use the drawdown chart below to compare losses from any high point for ARCNX and QRPNX.

Drawdown Indicators

	ARCNX	QRPNX	Difference
Max Drawdown Largest peak-to-trough decline	-55.17%	-28.78%	-26.39%
Max Drawdown (1Y) Largest decline over 1 year	-10.10%	-10.79%	+0.69%
Max Drawdown (5Y) Largest decline over 5 years	-20.30%	-11.22%	-9.08%
Max Drawdown (10Y) Largest decline over 10 years	-32.80%	—	—
Current Drawdown Current decline from peak	-0.56%	-0.47%	-0.09%
Average Drawdown Average peak-to-trough decline	-26.26%	-8.01%	-18.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.21%	3.26%	-0.05%

Volatility

ARCNX vs. QRPNX - Volatility Comparison

AQR Risk-Balanced Commodities Strategy Fund Class N (ARCNX) has a higher volatility of 5.33% compared to AQR Alternative Risk Premia Fund Class N (QRPNX) at 2.56%. This indicates that ARCNX's price experiences larger fluctuations and is considered to be riskier than QRPNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARCNX	QRPNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.33%	2.56%	+2.77%
Volatility (6M) Calculated over the trailing 6-month period	12.61%	6.48%	+6.13%
Volatility (1Y) Calculated over the trailing 1-year period	15.93%	11.41%	+4.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.16%	11.69%	+7.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.46%	10.33%	+7.13%