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FCRIX vs. QSPNX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

FCRIX vs. QSPNX

Last updated Apr 1, 2026

Compare and contrast key facts about FS Credit Income Fund Class I (FCRIX) and AQR Style Premia Alternative Fund Class N (QSPNX).

FCRIX is an actively managed fund by FS Investments. It was launched on Nov 1, 2017. QSPNX is an actively managed fund by AQR. It was launched on Oct 30, 2013.

Performance

FCRIX vs. QSPNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FS Credit Income Fund Class I (FCRIX) and AQR Style Premia Alternative Fund Class N (QSPNX). The values are adjusted to include any dividend payments, if applicable.

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FCRIX vs. QSPNX - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
FCRIX
FS Credit Income Fund Class I		0.85%7.88%9.57%11.96%-10.70%7.50%8.27%2.47%
QSPNX
AQR Style Premia Alternative Fund Class N		9.96%14.35%21.33%12.14%30.40%24.63%-22.17%-3.52%

Returns By Period

In the year-to-date period, FCRIX achieves a 0.85% return, which is significantly lower than QSPNX's 9.96% return.

FCRIX

1D
0.00%
1M
-0.25%
YTD
0.85%
6M
2.90%
1Y
7.38%
3Y*
9.04%
5Y*
4.50%
10Y*
—

QSPNX

1D
-0.11%
1M
3.88%
YTD
9.96%
6M
11.97%
1Y
13.69%
3Y*
19.66%
5Y*
18.38%
10Y*
6.79%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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FS Credit Income Fund Class I

AQR Style Premia Alternative Fund Class N

Often compared with FCRIX:
FCRIX vs. QRPNXFCRIX vs. ADANXFCRIX vs. TALTXFCRIX vs. SHRIXFCRIX vs. ARBIXFCRIX vs. ADAIXFCRIX vs. QSPIX
Often compared with QSPNX:
QSPNX vs. QRPNXQSPNX vs. FABZXQSPNX vs. SYMIXQSPNX vs. QCFNXQSPNX vs. RYMQXQSPNX vs. RMDFXQSPNX vs. TNMAX

FCRIX vs. QSPNX - Expense Ratio Comparison

FCRIX has a 2.37% expense ratio, which is lower than QSPNX's 6.14% expense ratio.

QSPNX
AQR Style Premia Alternative Fund Class N
FCRIX
FS Credit Income Fund Class I

Return for Risk

FCRIX vs. QSPNX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FCRIX
FCRIX Risk / Return Rank: 9898
Overall Rank
FCRIX Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
FCRIX Sortino Ratio Rank: 9999
Sortino Ratio Rank
FCRIX Omega Ratio Rank: 9999
Omega Ratio Rank
FCRIX Calmar Ratio Rank: 9999
Calmar Ratio Rank
FCRIX Martin Ratio Rank: 9898
Martin Ratio Rank
QSPNX
QSPNX Risk / Return Rank: 6868
Overall Rank
QSPNX Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
QSPNX Sortino Ratio Rank: 7575
Sortino Ratio Rank
QSPNX Omega Ratio Rank: 6666
Omega Ratio Rank
QSPNX Calmar Ratio Rank: 7373
Calmar Ratio Rank
QSPNX Martin Ratio Rank: 5252
Martin Ratio Rank
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.

FCRIX vs. QSPNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FS Credit Income Fund Class I (FCRIX) 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.

FCRIXQSPNXDifference

Sharpe ratio

Return per unit of total volatility

2.49

1.39

+1.10

Sortino ratio

Return per unit of downside risk

6.31

1.90

+4.41

Omega ratio

Gain probability vs. loss probability

2.39

1.25

+1.14

Calmar ratio

Return relative to maximum drawdown

5.76

1.72

+4.05

Martin ratio

Return relative to average drawdown

23.57

5.15

+18.42

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FCRIX vs. QSPNX - Sharpe Ratio Comparison

The current FCRIX Sharpe Ratio is 2.49, which is higher than the QSPNX Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of FCRIX and QSPNX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

FCRIXQSPNXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.49

1.39

+1.10

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.08

1.16

-0.08

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.53

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.83

0.59

+0.24

Correlation

The correlation between FCRIX and QSPNX is -0.07. 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

FCRIX vs. QSPNX - Dividend Comparison

FCRIX's dividend yield for the trailing twelve months is around 9.52%, more than QSPNX's 2.17% yield.

TTM20252024202320222021202020192018201720162015
FCRIX
FS Credit Income Fund Class I		9.52%10.54%8.27%5.56%3.25%5.62%5.72%2.91%0.00%0.00%0.00%0.00%
QSPNX
AQR Style Premia Alternative Fund Class N		2.17%2.39%6.80%23.73%22.62%12.61%0.00%1.63%0.51%6.81%1.75%5.68%

Drawdowns

FCRIX vs. QSPNX - Drawdown Comparison

The maximum FCRIX drawdown since its inception was -26.74%, smaller than the maximum QSPNX drawdown of -41.79%. Use the drawdown chart below to compare losses from any high point for FCRIX and QSPNX.

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Drawdown Indicators

FCRIXQSPNXDifference

Max Drawdown

Largest peak-to-trough decline

-26.74%

-41.79%

+15.05%

Max Drawdown (1Y)

Largest decline over 1 year

-1.31%

-8.22%

+6.91%

Max Drawdown (5Y)

Largest decline over 5 years

-15.33%

-17.17%

+1.84%

Max Drawdown (10Y)

Largest decline over 10 years

—

-41.79%

—

Current Drawdown

Current decline from peak

-0.25%

-0.11%

-0.14%

Average Drawdown

Average peak-to-trough decline

-3.28%

-9.72%

+6.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.34%

2.74%

-2.40%

Volatility

FCRIX vs. QSPNX - Volatility Comparison

The current volatility for FS Credit Income Fund Class I (FCRIX) is 0.22%, while AQR Style Premia Alternative Fund Class N (QSPNX) has a volatility of 2.67%. This indicates that FCRIX experiences smaller price fluctuations and is considered to be less risky than QSPNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FCRIXQSPNXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.22%

2.67%

-2.45%

Volatility (6M)

Calculated over the trailing 6-month period

2.06%

6.62%

-4.56%

Volatility (1Y)

Calculated over the trailing 1-year period

3.33%

10.13%

-6.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.20%

15.96%

-11.76%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.48%

12.76%

-6.28%