BAMBX vs. QSPIX
Compare and contrast key facts about BlackRock Systematic Multi-Strategy Fund (BAMBX) and AQR Style Premia Alternative Fund (QSPIX).
BAMBX is a passively managed fund by BlackRock that tracks the performance of the ICE BofA 3 Month Treasury Bill Index (G0O1) (USD). It was launched on Sep 29, 2020. QSPIX is managed by AQR Funds. It was launched on Oct 29, 2013.
Performance
BAMBX vs. QSPIX - Performance Comparison
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BAMBX vs. QSPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAMBX BlackRock Systematic Multi-Strategy Fund | 0.97% | 4.59% | 6.61% | 6.19% | -3.23% | 5.84% | 3.34% | 8.25% | 1.51% | 9.72% |
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, BAMBX achieves a 0.97% return, which is significantly lower than QSPIX's 9.94% return. Over the past 10 years, BAMBX has underperformed QSPIX with an annualized return of 4.43%, while QSPIX has yielded a comparatively higher 7.05% annualized return.
BAMBX
- 1D
- 0.48%
- 1M
- -3.15%
- YTD
- 0.97%
- 6M
- 2.65%
- 1Y
- 2.75%
- 3Y*
- 6.24%
- 5Y*
- 3.91%
- 10Y*
- 4.43%
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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BAMBX vs. QSPIX - Expense Ratio Comparison
BAMBX has a 1.20% expense ratio, which is lower than QSPIX's 1.49% expense ratio.
Return for Risk
BAMBX vs. QSPIX — Risk / Return Rank
BAMBX
QSPIX
BAMBX vs. QSPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Systematic Multi-Strategy Fund (BAMBX) 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.
| BAMBX | QSPIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.76 | 1.42 | -0.65 |
Sortino ratioReturn per unit of downside risk | 1.12 | 1.94 | -0.82 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.26 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.93 | 1.76 | -0.83 |
Martin ratioReturn relative to average drawdown | 3.30 | 5.29 | -1.99 |
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
| BAMBX | QSPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | 1.42 | -0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.10 | 1.18 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.25 | 0.55 | +0.70 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.35 | 0.61 | +0.74 |
Correlation
The correlation between BAMBX and QSPIX is 0.10, 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
BAMBX vs. QSPIX - Dividend Comparison
BAMBX's dividend yield for the trailing twelve months is around 1.95%, less than QSPIX's 2.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAMBX BlackRock Systematic Multi-Strategy Fund | 1.95% | 1.97% | 3.86% | 4.13% | 4.70% | 2.39% | 1.09% | 3.73% | 8.70% | 3.81% | 4.82% | 0.00% |
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
BAMBX vs. QSPIX - Drawdown Comparison
The maximum BAMBX drawdown since its inception was -8.84%, smaller than the maximum QSPIX drawdown of -41.37%. Use the drawdown chart below to compare losses from any high point for BAMBX and QSPIX.
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Drawdown Indicators
| BAMBX | QSPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.84% | -41.37% | +32.53% |
Max Drawdown (1Y)Largest decline over 1 year | -3.61% | -8.11% | +4.50% |
Max Drawdown (5Y)Largest decline over 5 years | -6.66% | -17.13% | +10.47% |
Max Drawdown (10Y)Largest decline over 10 years | -8.84% | -41.37% | +32.53% |
Current DrawdownCurrent decline from peak | -3.15% | -0.21% | -2.94% |
Average DrawdownAverage peak-to-trough decline | -1.21% | -9.54% | +8.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 2.70% | -1.69% |
Volatility
BAMBX vs. QSPIX - Volatility Comparison
The current volatility for BlackRock Systematic Multi-Strategy Fund (BAMBX) is 1.49%, while AQR Style Premia Alternative Fund (QSPIX) has a volatility of 2.61%. This indicates that BAMBX 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.
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Volatility by Period
| BAMBX | QSPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 2.61% | -1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 6.62% | -3.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.02% | 10.12% | -6.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.56% | 15.98% | -12.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.54% | 12.76% | -9.22% |