FCRIX vs. QSPRX

Last updated Apr 1, 2026

Compare and contrast key facts about FS Credit Income Fund Class I (FCRIX) and AQR Style Premia Alternative R6 (QSPRX).

FCRIX is an actively managed fund by FS Investments. It was launched on Nov 1, 2017. QSPRX is an actively managed fund by AQR. It was launched on Sep 2, 2014.

Performance

FCRIX vs. QSPRX - 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 R6 (QSPRX). The values are adjusted to include any dividend payments, if applicable.

FCRIX vs. QSPRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FCRIX FS Credit Income Fund Class I	0.85%	7.88%	9.57%	11.96%	-10.70%	7.50%	8.27%	2.47%
QSPRX AQR Style Premia Alternative R6	9.99%	14.94%	21.60%	12.50%	30.90%	25.14%	-21.91%	-3.50%

Returns By Period

In the year-to-date period, FCRIX achieves a 0.85% return, which is significantly lower than QSPRX's 9.99% return.

FCRIX

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

QSPRX

• 1D: -0.10%
• 1M: 3.90%
• YTD: 9.99%
• 6M: 12.27%
• 1Y: 14.10%
• 3Y*: 20.09%
• 5Y*: 18.79%
• 10Y*: 7.15%

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

FCRIX vs. QSPRX - Expense Ratio Comparison

FCRIX has a 2.37% expense ratio, which is lower than QSPRX's 5.79% expense ratio.

QSPRX

AQR Style Premia Alternative R6

FCRIX

FS Credit Income Fund Class I

Return for Risk

FCRIX vs. QSPRX — Risk / Return Rank

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

FCRIX

FCRIX Risk / Return Rank: 98
FCRIX Sharpe Ratio Rank: 96
FCRIX Sortino Ratio Rank: 99
FCRIX Omega Ratio Rank: 99
FCRIX Calmar Ratio Rank: 99
FCRIX Martin Ratio Rank: 98

QSPRX

QSPRX Risk / Return Rank: 70
QSPRX Sharpe Ratio Rank: 78
QSPRX Sortino Ratio Rank: 76
QSPRX Omega Ratio Rank: 68
QSPRX Calmar Ratio Rank: 75
QSPRX Martin Ratio Rank: 55

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. QSPRX - 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 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.

	FCRIX	QSPRX	Difference
Sharpe ratio Return per unit of total volatility	2.49	1.43	+1.06
Sortino ratio Return per unit of downside risk	6.31	1.94	+4.37
Omega ratio Gain probability vs. loss probability	2.39	1.26	+1.13
Calmar ratio Return relative to maximum drawdown	5.76	1.77	+3.99
Martin ratio Return relative to average drawdown	23.57	5.37	+18.20
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. QSPRX - Sharpe Ratio Comparison

The current FCRIX Sharpe Ratio is 2.49, which is higher than the QSPRX Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of FCRIX and QSPRX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FCRIX	QSPRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.49	1.43	+1.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.08	1.18	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.57	+0.26

Correlation

The correlation between FCRIX and QSPRX 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. QSPRX - Dividend Comparison

FCRIX's dividend yield for the trailing twelve months is around 9.52%, more than QSPRX's 2.39% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
QSPRX AQR Style Premia Alternative R6	2.39%	2.63%	6.99%	23.75%	22.67%	12.85%	0.00%	1.62%	1.09%	7.15%	1.74%	5.87%

Drawdowns

FCRIX vs. QSPRX - Drawdown Comparison

The maximum FCRIX drawdown since its inception was -26.74%, smaller than the maximum QSPRX drawdown of -41.22%. Use the drawdown chart below to compare losses from any high point for FCRIX and QSPRX.

Drawdown Indicators

	FCRIX	QSPRX	Difference
Max Drawdown Largest peak-to-trough decline	-26.74%	-41.22%	+14.48%
Max Drawdown (1Y) Largest decline over 1 year	-1.31%	-8.17%	+6.86%
Max Drawdown (5Y) Largest decline over 5 years	-15.33%	-17.17%	+1.84%
Max Drawdown (10Y) Largest decline over 10 years	—	-41.22%	—
Current Drawdown Current decline from peak	-0.25%	-0.10%	-0.15%
Average Drawdown Average peak-to-trough decline	-3.28%	-10.21%	+6.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.34%	2.70%	-2.36%

Volatility

FCRIX vs. QSPRX - Volatility Comparison

The current volatility for FS Credit Income Fund Class I (FCRIX) is 0.22%, while AQR Style Premia Alternative R6 (QSPRX) has a volatility of 2.52%. This indicates that FCRIX 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.

Volatility by Period

	FCRIX	QSPRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.22%	2.52%	-2.30%
Volatility (6M) Calculated over the trailing 6-month period	2.06%	6.54%	-4.48%
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%	16.03%	-11.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.48%	12.80%	-6.32%