BLNDX vs. QSPNX

Last updated Jun 6, 2026

BLNDX (Standpoint Multi-Asset Fund Institutional) and QSPNX (AQR Style Premia Alternative Fund Class N) are both mutual funds - BLNDX is a Diversified Portfolio fund managed by Ultimus Fund, while QSPNX is a Multistrategy fund actively managed by AQR. Over the past 5 years, BLNDX returned 9.40%/yr vs 18.68%/yr for QSPNX. At a correlation of -0.01, they often move in opposite directions. BLNDX charges 1.27%/yr vs 6.14%/yr for QSPNX.

Performance

BLNDX vs. QSPNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Standpoint Multi-Asset Fund Institutional (BLNDX) and AQR Style Premia Alternative Fund Class N (QSPNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BLNDX achieves a 16.57% return, which is significantly higher than QSPNX's 13.01% return.

BLNDX

• 1D: -0.52%
• 1M: 1.17%
• YTD: 16.57%
• 6M: 17.92%
• 1Y: 30.98%
• 3Y*: 12.01%
• 5Y*: 9.40%
• 10Y*: —

QSPNX

• 1D: -0.52%
• 1M: 2.44%
• YTD: 13.01%
• 6M: 15.61%
• 1Y: 18.53%
• 3Y*: 21.30%
• 5Y*: 18.68%
• 10Y*: 7.21%

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

BLNDX vs. QSPNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BLNDX Standpoint Multi-Asset Fund Institutional	16.57%	4.12%	13.11%	5.79%	3.71%	20.16%	16.30%
QSPNX AQR Style Premia Alternative Fund Class N	13.01%	14.35%	21.33%	12.14%	30.40%	24.63%	-22.17%

Correlation

The correlation between BLNDX and QSPNX is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.05
Correlation (3Y) Calculated over the trailing 3-year period	-0.04
Correlation (5Y) Calculated over the trailing 5-year period	-0.03
Correlation (All Time) Calculated using the full available price history since Jan 2, 2020	-0.01

Return for Risk

BLNDX vs. QSPNX — Risk / Return Rank

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

BLNDX

BLNDX Risk / Return Rank: 77
BLNDX Sharpe Ratio Rank: 73
BLNDX Sortino Ratio Rank: 61
BLNDX Omega Ratio Rank: 62
BLNDX Calmar Ratio Rank: 96
BLNDX Martin Ratio Rank: 94

QSPNX

QSPNX Risk / Return Rank: 56
QSPNX Sharpe Ratio Rank: 49
QSPNX Sortino Ratio Rank: 54
QSPNX Omega Ratio Rank: 43
QSPNX Calmar Ratio Rank: 84
QSPNX Martin Ratio Rank: 50

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.

BLNDX vs. QSPNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Standpoint Multi-Asset Fund Institutional (BLNDX) and AQR Style Premia Alternative Fund Class N (QSPNX). 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.

	BLNDX	QSPNX	Difference
Sharpe ratio: Return per unit of total volatility	2.41	1.98	+0.43
Sortino ratio: Return per unit of downside risk	3.16	2.98	+0.18
Omega ratio: Gain probability vs. loss probability	1.42	1.34	+0.08
Calmar ratio: Return relative to maximum drawdown	6.44	3.77	+2.67
Martin ratio: Return relative to average drawdown	20.86	9.97	+10.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BLNDX vs. QSPNX - Sharpe Ratio Comparison

The current BLNDX Sharpe Ratio is 2.41, which is comparable to the QSPNX Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of BLNDX and QSPNX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BLNDX	QSPNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	1.98	+0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	1.18	-0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.05	0.60	+0.45

Drawdowns

BLNDX vs. QSPNX - Drawdown Comparison

The maximum BLNDX drawdown since its inception was -17.69%, smaller than the maximum QSPNX drawdown of -41.79%. Use the drawdown chart below to compare losses from any high point for BLNDX and QSPNX.

Drawdown Indicators

	BLNDX	QSPNX	Difference
Max Drawdown Largest peak-to-trough decline	-17.69%	-41.79%	+24.10%
Max Drawdown (1Y) Largest decline over 1 year	-4.75%	-5.05%	+0.30%
Max Drawdown (3Y) Largest decline over 3 years	-17.69%	-9.31%	-8.38%
Max Drawdown (5Y) Largest decline over 5 years	-17.69%	-17.17%	-0.52%
Max Drawdown (10Y) Largest decline over 10 years	—	-41.79%	—
Current Drawdown Current decline from peak	-1.65%	-0.52%	-1.13%
Average Drawdown Average peak-to-trough decline	-3.19%	-9.60%	+6.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.48%	1.90%	-0.42%

Volatility

BLNDX vs. QSPNX - Volatility Comparison

Standpoint Multi-Asset Fund Institutional (BLNDX) and AQR Style Premia Alternative Fund Class N (QSPNX) have volatilities of 2.98% and 3.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BLNDX	QSPNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.98%	3.10%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	9.51%	7.26%	+2.25%
Volatility (1Y) Calculated over the trailing 1-year period	12.70%	9.65%	+3.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.66%	15.85%	-4.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.75%	12.82%	-1.07%

BLNDX vs. QSPNX - Expense Ratio Comparison

BLNDX has a 1.27% expense ratio, which is lower than QSPNX's 6.14% expense ratio.

Dividends

BLNDX vs. QSPNX - Dividend Comparison

BLNDX's dividend yield for the trailing twelve months is around 0.63%, less than QSPNX's 2.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BLNDX Standpoint Multi-Asset Fund Institutional	0.63%	0.73%	5.74%	3.71%	2.67%	6.11%	1.21%	0.00%	0.00%	0.00%	0.00%	0.00%
QSPNX AQR Style Premia Alternative Fund Class N	2.11%	2.39%	6.80%	23.73%	22.62%	12.61%	0.00%	1.63%	0.51%	6.81%	1.75%	5.68%

Frequently Asked Questions

Can I hold both BLNDX and QSPNX in my portfolio?

BLNDX and QSPNX have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BLNDX or QSPNX?

QSPNX has higher volatility (3.10%) compared to BLNDX (2.98%). In terms of maximum drawdown, BLNDX dropped -17.69% vs QSPNX's -41.79%.

Which has better risk-adjusted returns?

BLNDX currently has the higher Sharpe Ratio (2.41 vs 1.98), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.