ASMNX vs. QRPIX

Last updated Jun 25, 2026

ASMNX (AQR Small Cap Momentum Style Fund Class N) and QRPIX (AQR Alternative Risk Premia Fund) are both mutual funds - ASMNX is a Small Cap Growth Equities fund actively managed by AQR Funds, while QRPIX is a Multistrategy fund managed by AQR Funds. At a correlation of -0.03, they often move in opposite directions. ASMNX charges 0.88%/yr vs 1.40%/yr for QRPIX.

Performance

ASMNX vs. QRPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR Small Cap Momentum Style Fund Class N (ASMNX) and AQR Alternative Risk Premia Fund (QRPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ASMNX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QRPIX

• 1D: -1.11%
• 1M: 0.50%
• YTD: 17.03%
• 6M: 16.78%
• 1Y: 32.67%
• 3Y*: 21.03%
• 5Y*: 19.62%
• 10Y*: —

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

ASMNX vs. QRPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
ASMNX AQR Small Cap Momentum Style Fund Class N	17.21%	16.62%	16.62%	18.09%	-19.78%	15.05%	25.80%	25.69%	-19.36%
QRPIX AQR Alternative Risk Premia Fund	17.03%	23.39%	18.85%	7.23%	25.26%	14.27%	-21.04%	-2.98%	-4.46%

Correlation

The correlation between ASMNX and QRPIX is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	-0.04
Correlation (All Time) Calculated using the full available price history since May 21, 2018	-0.03

The correlation between ASMNX and QRPIX shifts across timeframes, from -0.04 (5 years) to 0.17 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

ASMNX vs. QRPIX — Risk / Return Rank

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

ASMNX

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

QRPIX

QRPIX Risk / Return Rank: 96
QRPIX Sharpe Ratio Rank: 97
QRPIX Sortino Ratio Rank: 96
QRPIX Omega Ratio Rank: 89
QRPIX Calmar Ratio Rank: 98
QRPIX Martin Ratio Rank: 97

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.

ASMNX vs. QRPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR Small Cap Momentum Style Fund Class N (ASMNX) 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.

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.

	ASMNX	QRPIX	Difference
Sharpe ratio: Return per unit of total volatility	—	3.38	—
Sortino ratio: Return per unit of downside risk	—	4.89	—
Omega ratio: Gain probability vs. loss probability	—	1.60	—
Calmar ratio: Return relative to maximum drawdown	—	9.27	—
Martin ratio: Return relative to average drawdown	—	25.62	—

Drawdowns

Drawdown Indicators

	ASMNX	QRPIX	Difference
Max Drawdown Largest peak-to-trough decline	—	-28.45%	—
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	—	-2.25%	—
Average Drawdown Average peak-to-trough decline	—	-7.60%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.26%	—

Volatility

Volatility by Period

	ASMNX	QRPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.62%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	9.55%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	11.84%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	10.36%	—

ASMNX vs. QRPIX - Expense Ratio Comparison

ASMNX has a 0.88% expense ratio, which is lower than QRPIX's 1.40% expense ratio.

Dividends

ASMNX vs. QRPIX - Dividend Comparison

ASMNX's dividend yield for the trailing twelve months is around 7.75%, more than QRPIX's 1.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASMNX AQR Small Cap Momentum Style Fund Class N	7.75%	8.05%	19.09%	3.54%	0.27%	24.51%	5.45%	3.83%	29.34%	9.61%	0.00%	0.97%
QRPIX AQR Alternative Risk Premia Fund	1.24%	1.45%	2.24%	4.52%	0.00%	4.08%	1.98%	0.85%	0.09%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ASMNX and QRPIX in my portfolio?

ASMNX and QRPIX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.