FSMSX vs. QSPRX
Compare and contrast key facts about FS Multi-Strategy Alternatives Fund (FSMSX) and AQR Style Premia Alternative R6 (QSPRX).
FSMSX is managed by FS Investments. It was launched on May 15, 2017. QSPRX is an actively managed fund by AQR. It was launched on Sep 2, 2014.
Performance
FSMSX vs. QSPRX - Performance Comparison
Loading graphics...
FSMSX vs. QSPRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSMSX FS Multi-Strategy Alternatives Fund | 0.90% | 4.13% | 4.63% | 5.44% | 3.17% | 13.97% | -3.66% | 7.77% | -3.82% | 2.00% |
QSPRX AQR Style Premia Alternative R6 | 9.99% | 14.94% | 21.60% | 12.50% | 30.90% | 25.14% | -21.91% | -8.10% | -12.32% | 13.32% |
Returns By Period
In the year-to-date period, FSMSX achieves a 0.90% return, which is significantly lower than QSPRX's 9.99% return.
FSMSX
- 1D
- 0.18%
- 1M
- -0.53%
- YTD
- 0.90%
- 6M
- 2.31%
- 1Y
- 4.69%
- 3Y*
- 4.46%
- 5Y*
- 4.95%
- 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%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FSMSX vs. QSPRX - Expense Ratio Comparison
FSMSX has a 1.89% expense ratio, which is lower than QSPRX's 5.79% expense ratio.
Return for Risk
FSMSX vs. QSPRX — Risk / Return Rank
FSMSX
QSPRX
FSMSX vs. QSPRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FS Multi-Strategy Alternatives Fund (FSMSX) 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.
| FSMSX | QSPRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.51 | 1.43 | +0.09 |
Sortino ratioReturn per unit of downside risk | 2.09 | 1.94 | +0.15 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.26 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.10 | 1.77 | +0.32 |
Martin ratioReturn relative to average drawdown | 6.99 | 5.37 | +1.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FSMSX | QSPRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 1.43 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.08 | 1.18 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.57 | +0.24 |
Correlation
The correlation between FSMSX and QSPRX is 0.13, 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
FSMSX vs. QSPRX - Dividend Comparison
FSMSX's dividend yield for the trailing twelve months is around 4.08%, more than QSPRX's 2.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMSX FS Multi-Strategy Alternatives Fund | 4.08% | 4.12% | 2.48% | 3.61% | 4.12% | 3.22% | 0.77% | 2.20% | 0.82% | 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
FSMSX vs. QSPRX - Drawdown Comparison
The maximum FSMSX drawdown since its inception was -8.94%, smaller than the maximum QSPRX drawdown of -41.22%. Use the drawdown chart below to compare losses from any high point for FSMSX and QSPRX.
Loading graphics...
Drawdown Indicators
| FSMSX | QSPRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.94% | -41.22% | +32.28% |
Max Drawdown (1Y)Largest decline over 1 year | -2.32% | -8.17% | +5.85% |
Max Drawdown (5Y)Largest decline over 5 years | -4.13% | -17.17% | +13.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.22% | — |
Current DrawdownCurrent decline from peak | -0.62% | -0.10% | -0.52% |
Average DrawdownAverage peak-to-trough decline | -1.66% | -10.21% | +8.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 2.70% | -2.00% |
Volatility
FSMSX vs. QSPRX - Volatility Comparison
The current volatility for FS Multi-Strategy Alternatives Fund (FSMSX) is 1.28%, while AQR Style Premia Alternative R6 (QSPRX) has a volatility of 2.52%. This indicates that FSMSX 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.
Loading graphics...
Volatility by Period
| FSMSX | QSPRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 2.52% | -1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.00% | 6.54% | -4.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.24% | 10.13% | -6.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.63% | 16.03% | -11.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.67% | 12.80% | -8.13% |