ASMNX vs. QSPIX
Compare and contrast key facts about AQR Small Cap Momentum Style Fund Class N (ASMNX) and AQR Style Premia Alternative Fund (QSPIX).
ASMNX is an actively managed fund by AQR Funds. It was launched on Dec 17, 2012. QSPIX is managed by AQR Funds. It was launched on Oct 29, 2013.
Performance
ASMNX vs. QSPIX - Performance Comparison
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ASMNX vs. QSPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASMNX AQR Small Cap Momentum Style Fund Class N | -3.27% | 16.62% | 16.62% | 18.09% | -19.78% | 15.05% | 25.80% | 25.69% | -12.36% | 17.21% |
QSPIX AQR Style Premia Alternative Fund | 9.94% | 14.82% | 21.48% | 12.46% | 30.76% | 24.93% | -21.96% | -8.22% | -12.35% | 12.12% |
Returns By Period
In the year-to-date period, ASMNX achieves a -3.27% return, which is significantly lower than QSPIX's 9.94% return. Over the past 10 years, ASMNX has outperformed QSPIX with an annualized return of 10.66%, while QSPIX has yielded a comparatively lower 7.05% annualized return.
ASMNX
- 1D
- -2.57%
- 1M
- -9.77%
- YTD
- -3.27%
- 6M
- -4.58%
- 1Y
- 25.01%
- 3Y*
- 15.55%
- 5Y*
- 5.26%
- 10Y*
- 10.66%
QSPIX
- 1D
- -0.21%
- 1M
- 3.82%
- YTD
- 9.94%
- 6M
- 12.16%
- 1Y
- 13.99%
- 3Y*
- 19.92%
- 5Y*
- 18.65%
- 10Y*
- 7.05%
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ASMNX vs. QSPIX - Expense Ratio Comparison
ASMNX has a 0.88% expense ratio, which is lower than QSPIX's 1.49% expense ratio.
Return for Risk
ASMNX vs. QSPIX — Risk / Return Rank
ASMNX
QSPIX
ASMNX vs. QSPIX - 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 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.
| ASMNX | QSPIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.94 | 1.42 | -0.48 |
Sortino ratioReturn per unit of downside risk | 1.41 | 1.94 | -0.52 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.26 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.76 | -0.15 |
Martin ratioReturn relative to average drawdown | 4.87 | 5.29 | -0.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ASMNX | QSPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 1.42 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 1.18 | -0.99 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.55 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.61 | -0.20 |
Correlation
The correlation between ASMNX and QSPIX is -0.08. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
ASMNX vs. QSPIX - Dividend Comparison
ASMNX's dividend yield for the trailing twelve months is around 8.32%, more than QSPIX's 2.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASMNX AQR Small Cap Momentum Style Fund Class N | 8.32% | 8.05% | 19.09% | 3.54% | 0.27% | 24.51% | 5.45% | 3.83% | 29.34% | 9.61% | 0.00% | 0.97% |
QSPIX AQR Style Premia Alternative Fund | 2.34% | 2.57% | 6.95% | 23.77% | 22.68% | 12.78% | 0.00% | 1.62% | 0.96% | 7.08% | 1.74% | 5.83% |
Drawdowns
ASMNX vs. QSPIX - Drawdown Comparison
The maximum ASMNX drawdown since its inception was -42.57%, roughly equal to the maximum QSPIX drawdown of -41.37%. Use the drawdown chart below to compare losses from any high point for ASMNX and QSPIX.
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Drawdown Indicators
| ASMNX | QSPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.57% | -41.37% | -1.20% |
Max Drawdown (1Y)Largest decline over 1 year | -13.75% | -8.11% | -5.64% |
Max Drawdown (5Y)Largest decline over 5 years | -40.27% | -17.13% | -23.14% |
Max Drawdown (10Y)Largest decline over 10 years | -42.57% | -41.37% | -1.20% |
Current DrawdownCurrent decline from peak | -13.75% | -0.21% | -13.54% |
Average DrawdownAverage peak-to-trough decline | -11.67% | -9.54% | -2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.53% | 2.70% | +1.83% |
Volatility
ASMNX vs. QSPIX - Volatility Comparison
AQR Small Cap Momentum Style Fund Class N (ASMNX) has a higher volatility of 8.62% compared to AQR Style Premia Alternative Fund (QSPIX) at 2.61%. This indicates that ASMNX'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.
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Volatility by Period
| ASMNX | QSPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.62% | 2.61% | +6.01% |
Volatility (6M)Calculated over the trailing 6-month period | 18.79% | 6.62% | +12.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.63% | 10.12% | +16.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.92% | 15.98% | +11.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.39% | 12.76% | +13.63% |