CGFIX vs. QSPRX
CGFIX (abrdn Global Absolute Return Strategies Fund) and QSPRX (AQR Style Premia Alternative R6) are both Multistrategy funds. Over the past 10 years, CGFIX returned 1.63%/yr vs 7.87%/yr for QSPRX. Their -0.03 correlation means they have often moved in opposite directions in the past. CGFIX charges 0.78%/yr vs 5.79%/yr for QSPRX.
Performance
CGFIX vs. QSPRX - Performance Comparison
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Returns By Period
In the year-to-date period, CGFIX achieves a 0.33% return, which is significantly lower than QSPRX's 17.68% return. Over the past 10 years, CGFIX has underperformed QSPRX with an annualized return of 1.63%, while QSPRX has yielded a comparatively higher 7.87% annualized return.
CGFIX
- 1D
- 0.12%
- 1M
- -1.42%
- 6M
- -0.43%
- YTD
- 0.33%
- 1Y
- 3.20%
- 3Y*
- 5.07%
- 5Y*
- 0.27%
- 10Y*
- 1.63%
- ALL TIME*
- 4.57%
QSPRX
- 1D
- 0.49%
- 1M
- 6.55%
- 6M
- 14.53%
- YTD
- 17.68%
- 1Y
- 22.36%
- 3Y*
- 20.82%
- 5Y*
- 20.25%
- 10Y*
- 7.87%
- ALL TIME*
- 7.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CGFIX vs. QSPRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CGFIX abrdn Global Absolute Return Strategies Fund | 0.33% | 5.79% | 4.85% | -2.54% | -9.99% | 1.39% | 6.37% | 7.26% | 0.97% | 1.62% |
QSPRX AQR Style Premia Alternative R6 | 17.68% | 14.94% | 21.60% | 12.50% | 30.90% | 25.14% | -21.91% | -8.10% | -12.32% | 12.18% |
Correlation
The correlation between CGFIX and QSPRX is -0.19, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.19 |
Correlation (3Y) Balances recent behavior with more history. | -0.12 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.08 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | -0.03 |
The correlation between CGFIX and QSPRX shifts across timeframes, from -0.19 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CGFIX vs. QSPRX — Risk / Return Rank
CGFIX
QSPRX
CGFIX vs. QSPRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Global Absolute Return Strategies Fund (CGFIX) and AQR Style Premia Alternative R6 (QSPRX). 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.
| CGFIX | QSPRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.40 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 4.39 | -3.01 |
| Martin ratioReturn relative to average drawdown | 4.54 | 11.98 | -7.44 |
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Drawdowns
CGFIX vs. QSPRX - Drawdown Comparison
The maximum CGFIX drawdown since its inception was -20.28%, smaller than the maximum QSPRX drawdown of -41.22%. Use the drawdown chart below to compare losses from any high point for CGFIX and QSPRX.
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Drawdown Indicators
| CGFIX | QSPRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.28% | -41.22% | +20.94% |
Max Drawdown (1Y)Largest decline over 1 year | -2.78% | -5.06% | +2.28% |
Max Drawdown (3Y)Largest decline over 3 years | -5.01% | -9.25% | +4.24% |
Max Drawdown (5Y)Largest decline over 5 years | -20.28% | -17.17% | -3.11% |
Max Drawdown (10Y)Largest decline over 10 years | -20.28% | -41.22% | +20.94% |
Current DrawdownCurrent decline from peak | -2.65% | 0.00% | -2.65% |
Average DrawdownAverage peak-to-trough decline | -3.19% | -9.95% | +6.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 1.85% | -1.01% |
Volatility
CGFIX vs. QSPRX - Volatility Comparison
The current volatility for abrdn Global Absolute Return Strategies Fund (CGFIX) is 0.84%, while AQR Style Premia Alternative R6 (QSPRX) has a volatility of 2.23%. This indicates that CGFIX experiences smaller price fluctuations and is considered to be less risky than QSPRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGFIX | QSPRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 2.23% | -1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 2.48% | 7.12% | -4.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.11% | 9.63% | -6.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.74% | 15.89% | -10.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.69% | 12.89% | -8.20% |
CGFIX vs. QSPRX - Expense Ratio Comparison
CGFIX has a 0.78% expense ratio, which is lower than QSPRX's 5.79% expense ratio.
Dividends
CGFIX vs. QSPRX - Dividend Comparison
CGFIX's dividend yield for the trailing twelve months is around 5.66%, more than QSPRX's 2.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGFIX abrdn Global Absolute Return Strategies Fund | 5.66% | 5.51% | 6.43% | 2.08% | 0.00% | 7.49% | 0.23% | 3.29% | 6.05% | 0.33% | 1.12% | 0.35% |
QSPRX AQR Style Premia Alternative R6 | 2.24% | 2.63% | 6.99% | 23.75% | 22.67% | 12.85% | 0.00% | 1.62% | 1.09% | 7.15% | 1.74% | 5.87% |
Frequently Asked Questions
CGFIX and QSPRX have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QSPRX has higher volatility (2.23%) compared to CGFIX (0.84%). In terms of maximum drawdown, CGFIX dropped -20.28% vs QSPRX's -41.22%.
QSPRX currently has the higher Sharpe Ratio (2.31 vs 1.23), 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.
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