ASGM vs. QRPIX

Last updated Jun 4, 2026

ASGM (Virtus AlphaSimplex Global Macro ETF) and QRPIX (AQR Alternative Risk Premia Fund) are both funds - ASGM is a Tactical Allocation fund actively managed by Virtus, while QRPIX is a Multistrategy fund managed by AQR Funds. At a 0.39 correlation, their price movements are largely independent. ASGM charges 0.86%/yr vs 1.40%/yr for QRPIX.

Performance

ASGM vs. QRPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus AlphaSimplex Global Macro ETF (ASGM) and AQR Alternative Risk Premia Fund (QRPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASGM achieves a 22.52% return, which is significantly higher than QRPIX's 18.92% return.

ASGM

• 1D: -0.53%
• 1M: 7.21%
• YTD: 22.52%
• 6M: 24.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QRPIX

• 1D: -0.18%
• 1M: 3.29%
• YTD: 18.92%
• 6M: 21.21%
• 1Y: 35.36%
• 3Y*: 23.68%
• 5Y*: 19.56%
• 10Y*: —

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

ASGM vs. QRPIX - Yearly Performance Comparison

	2026 (YTD)	2025
ASGM Virtus AlphaSimplex Global Macro ETF	22.52%	11.57%
QRPIX AQR Alternative Risk Premia Fund	18.92%	10.93%

Correlation

The correlation between ASGM and QRPIX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 6, 2025	0.39

Return for Risk

ASGM vs. QRPIX — Risk / Return Rank

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

QRPIX

QRPIX Risk / Return Rank: 97
QRPIX Sharpe Ratio Rank: 98
QRPIX Sortino Ratio Rank: 97
QRPIX Omega Ratio Rank: 93
QRPIX Calmar Ratio Rank: 99
QRPIX Martin Ratio Rank: 98

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.

ASGM vs. QRPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus AlphaSimplex Global Macro ETF (ASGM) and AQR Alternative Risk Premia Fund (QRPIX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ASGM	QRPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.92	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.95	0.85	+2.10

Drawdowns

ASGM vs. QRPIX - Drawdown Comparison

The maximum ASGM drawdown since its inception was -6.62%, smaller than the maximum QRPIX drawdown of -28.45%. Use the drawdown chart below to compare losses from any high point for ASGM and QRPIX.

Drawdown Indicators

	ASGM	QRPIX	Difference
Max Drawdown Largest peak-to-trough decline	-6.62%	-28.45%	+21.83%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.48%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.29%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-11.29%	—
Current Drawdown Current decline from peak	-0.53%	-0.18%	-0.35%
Average Drawdown Average peak-to-trough decline	-1.22%	-7.64%	+6.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.20%	—

Volatility

Volatility by Period

	ASGM	QRPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.81%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.76%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.67%	9.23%	+6.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.67%	11.80%	+3.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.67%	10.35%	+5.32%

ASGM vs. QRPIX - Expense Ratio Comparison

ASGM has a 0.86% expense ratio, which is lower than QRPIX's 1.40% expense ratio.

Dividends

ASGM vs. QRPIX - Dividend Comparison

ASGM's dividend yield for the trailing twelve months is around 3.69%, more than QRPIX's 1.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ASGM Virtus AlphaSimplex Global Macro ETF	3.69%	4.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QRPIX AQR Alternative Risk Premia Fund	1.22%	1.45%	2.24%	4.52%	0.00%	4.08%	1.98%	0.85%	0.09%

Frequently Asked Questions

Can I hold both ASGM and QRPIX in my portfolio?

ASGM and QRPIX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.