INUTX vs. QSPIX

Last updated Jun 24, 2026

INUTX (Columbia Dividend Opportunity Fund) and QSPIX (AQR Style Premia Alternative Fund) are both mutual funds - INUTX is a Large Cap Value Equities fund managed by Columbia, while QSPIX is a Multistrategy fund managed by AQR Funds. Over the past 10 years, INUTX returned 10.48%/yr vs 7.45%/yr for QSPIX. At a 0.05 correlation, their price movements are largely independent. INUTX charges 1.06%/yr vs 1.49%/yr for QSPIX.

Performance

INUTX vs. QSPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Dividend Opportunity Fund (INUTX) and AQR Style Premia Alternative Fund (QSPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with INUTX having a 13.18% return and QSPIX slightly lower at 12.95%. Over the past 10 years, INUTX has outperformed QSPIX with an annualized return of 10.48%, while QSPIX has yielded a comparatively lower 7.45% annualized return.

INUTX

• 1D: -0.03%
• 1M: 0.68%
• YTD: 13.18%
• 6M: 12.42%
• 1Y: 25.27%
• 3Y*: 16.34%
• 5Y*: 11.44%
• 10Y*: 10.48%

QSPIX

• 1D: 1.24%
• 1M: 2.20%
• YTD: 12.95%
• 6M: 13.47%
• 1Y: 18.07%
• 3Y*: 18.82%
• 5Y*: 20.12%
• 10Y*: 7.45%

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

INUTX vs. QSPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
INUTX Columbia Dividend Opportunity Fund	13.18%	15.64%	14.41%	4.88%	-1.68%	26.09%	0.76%	23.31%	-5.32%	12.93%
QSPIX AQR Style Premia Alternative Fund	12.95%	14.82%	21.48%	12.46%	30.76%	24.93%	-21.96%	-8.22%	-12.35%	12.12%

Correlation

The correlation between INUTX and QSPIX is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.15
Correlation (3Y) Calculated over the trailing 3-year period	-0.03
Correlation (5Y) Calculated over the trailing 5-year period	-0.00
Correlation (10Y) Calculated over the trailing 10-year period	0.05
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.05

The correlation between INUTX and QSPIX shifts across timeframes, from -0.15 (1 year) to 0.05 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

INUTX vs. QSPIX — Risk / Return Rank

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

INUTX

INUTX Risk / Return Rank: 79
INUTX Sharpe Ratio Rank: 84
INUTX Sortino Ratio Rank: 83
INUTX Omega Ratio Rank: 76
INUTX Calmar Ratio Rank: 80
INUTX Martin Ratio Rank: 71

QSPIX

QSPIX Risk / Return Rank: 52
QSPIX Sharpe Ratio Rank: 44
QSPIX Sortino Ratio Rank: 48
QSPIX Omega Ratio Rank: 39
QSPIX Calmar Ratio Rank: 80
QSPIX Martin Ratio Rank: 48

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.

INUTX vs. QSPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Dividend Opportunity Fund (INUTX) and AQR Style Premia Alternative Fund (QSPIX). 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.

	INUTX	QSPIX	Difference
Sharpe ratio: Return per unit of total volatility	2.54	1.79	+0.75
Sortino ratio: Return per unit of downside risk	3.64	2.69	+0.95
Omega ratio: Gain probability vs. loss probability	1.45	1.31	+0.14
Calmar ratio: Return relative to maximum drawdown	3.48	3.46	+0.02
Martin ratio: Return relative to average drawdown	12.80	9.40	+3.40

INUTX vs. QSPIX - Sharpe Ratio Comparison

The current INUTX Sharpe Ratio is 2.54, which is higher than the QSPIX Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of INUTX and QSPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

INUTX vs. QSPIX - Drawdown Comparison

The maximum INUTX drawdown since its inception was -55.57%, which is greater than QSPIX's maximum drawdown of -41.37%. Use the drawdown chart below to compare losses from any high point for INUTX and QSPIX.

Drawdown Indicators

	INUTX	QSPIX	Difference
Max Drawdown Largest peak-to-trough decline	-55.57%	-41.37%	-14.20%
Max Drawdown (1Y) Largest decline over 1 year	-7.60%	-5.09%	-2.51%
Max Drawdown (3Y) Largest decline over 3 years	-14.17%	-9.31%	-4.86%
Max Drawdown (5Y) Largest decline over 5 years	-16.15%	-17.13%	+0.98%
Max Drawdown (10Y) Largest decline over 10 years	-34.77%	-41.37%	+6.60%
Current Drawdown Current decline from peak	-1.67%	-0.91%	-0.76%
Average Drawdown Average peak-to-trough decline	-7.66%	-9.39%	+1.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	1.89%	+0.17%

Volatility

INUTX vs. QSPIX - Volatility Comparison

Columbia Dividend Opportunity Fund (INUTX) and AQR Style Premia Alternative Fund (QSPIX) have volatilities of 3.61% and 3.68%, 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

	INUTX	QSPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.61%	3.68%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	7.80%	7.20%	+0.60%
Volatility (1Y) Calculated over the trailing 1-year period	10.40%	9.83%	+0.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.62%	15.87%	-2.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.88%	12.84%	+3.04%

INUTX vs. QSPIX - Expense Ratio Comparison

INUTX has a 1.06% expense ratio, which is lower than QSPIX's 1.49% expense ratio.

Dividends

INUTX vs. QSPIX - Dividend Comparison

INUTX's dividend yield for the trailing twelve months is around 7.09%, more than QSPIX's 2.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
INUTX Columbia Dividend Opportunity Fund	7.09%	8.05%	7.27%	3.76%	7.82%	12.77%	4.22%	12.47%	12.99%	10.68%	3.84%	5.80%
QSPIX AQR Style Premia Alternative Fund	2.28%	2.57%	6.95%	23.77%	22.68%	12.78%	0.00%	1.62%	0.96%	7.08%	1.74%	5.83%

Frequently Asked Questions

Can I hold both INUTX and QSPIX in my portfolio?

INUTX and QSPIX have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, INUTX or QSPIX?

QSPIX has higher volatility (3.68%) compared to INUTX (3.61%). In terms of maximum drawdown, INUTX dropped -55.57% vs QSPIX's -41.37%.

Which has better risk-adjusted returns?

INUTX currently has the higher Sharpe Ratio (2.54 vs 1.79), 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.