LOTIX vs. QSPIX

Last updated Jun 4, 2026

LOTIX (LoCorr Market Trend Fund) and QSPIX (AQR Style Premia Alternative Fund) are both mutual funds - LOTIX is a Systematic Trend fund managed by LoCorr Funds, while QSPIX is a Multistrategy fund managed by AQR Funds. Over the past 10 years, LOTIX returned 5.15%/yr vs 7.41%/yr for QSPIX. At a 0.18 correlation, their price movements are largely independent. LOTIX charges 1.75%/yr vs 1.49%/yr for QSPIX.

Performance

LOTIX vs. QSPIX - Performance Comparison

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

Returns By Period

In the year-to-date period, LOTIX achieves a 25.32% return, which is significantly higher than QSPIX's 12.83% return. Over the past 10 years, LOTIX has underperformed QSPIX with an annualized return of 5.15%, while QSPIX has yielded a comparatively higher 7.41% annualized return.

LOTIX

• 1D: 0.51%
• 1M: 2.73%
• YTD: 25.32%
• 6M: 26.83%
• 1Y: 41.82%
• 3Y*: 7.86%
• 5Y*: 8.25%
• 10Y*: 5.15%

QSPIX

• 1D: 0.00%
• 1M: 1.14%
• YTD: 12.83%
• 6M: 14.84%
• 1Y: 17.81%
• 3Y*: 21.40%
• 5Y*: 18.92%
• 10Y*: 7.41%

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

LOTIX vs. QSPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LOTIX LoCorr Market Trend Fund	25.32%	4.07%	5.74%	-10.95%	29.93%	1.03%	4.81%	18.53%	-13.44%	3.84%
QSPIX AQR Style Premia Alternative Fund	12.83%	14.82%	21.48%	12.46%	30.76%	24.93%	-21.96%	-8.22%	-12.35%	12.12%

Correlation

The correlation between LOTIX and QSPIX is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (10Y) Calculated over the trailing 10-year period	0.15
Correlation (All Time) Calculated using the full available price history since Jul 2, 2014	0.18

The correlation between LOTIX and QSPIX shifts across timeframes, from -0.02 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.

Return for Risk

LOTIX vs. QSPIX — Risk / Return Rank

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

LOTIX

LOTIX Risk / Return Rank: 95
LOTIX Sharpe Ratio Rank: 97
LOTIX Sortino Ratio Rank: 94
LOTIX Omega Ratio Rank: 89
LOTIX Calmar Ratio Rank: 98
LOTIX Martin Ratio Rank: 98

QSPIX

QSPIX Risk / Return Rank: 50
QSPIX Sharpe Ratio Rank: 42
QSPIX Sortino Ratio Rank: 46
QSPIX Omega Ratio Rank: 38
QSPIX Calmar Ratio Rank: 78
QSPIX Martin Ratio Rank: 45

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.

LOTIX vs. QSPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LoCorr Market Trend Fund (LOTIX) 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.

	LOTIX	QSPIX	Difference
Sharpe ratio Return per unit of total volatility	3.61	1.89	+1.72
Sortino ratio Return per unit of downside risk	4.89	2.84	+2.05
Omega ratio Gain probability vs. loss probability	1.63	1.32	+0.31
Calmar ratio Return relative to maximum drawdown	9.40	3.57	+5.83
Martin ratio Return relative to average drawdown	29.25	9.50	+19.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LOTIX vs. QSPIX - Sharpe Ratio Comparison

The current LOTIX Sharpe Ratio is 3.61, which is higher than the QSPIX Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of LOTIX 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.

Sharpe Ratios by Period

	LOTIX	QSPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.61	1.89	+1.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	1.20	-0.57
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	0.58	-0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.62	-0.15

Drawdowns

LOTIX vs. QSPIX - Drawdown Comparison

The maximum LOTIX drawdown since its inception was -28.32%, smaller than the maximum QSPIX drawdown of -41.37%. Use the drawdown chart below to compare losses from any high point for LOTIX and QSPIX.

Drawdown Indicators

	LOTIX	QSPIX	Difference
Max Drawdown Largest peak-to-trough decline	-28.32%	-41.37%	+13.05%
Max Drawdown (1Y) Largest decline over 1 year	-4.47%	-5.09%	+0.62%
Max Drawdown (3Y) Largest decline over 3 years	-20.20%	-9.31%	-10.89%
Max Drawdown (5Y) Largest decline over 5 years	-22.17%	-17.13%	-5.04%
Max Drawdown (10Y) Largest decline over 10 years	-25.83%	-41.37%	+15.54%
Current Drawdown Current decline from peak	-0.86%	0.00%	-0.86%
Average Drawdown Average peak-to-trough decline	-10.79%	-9.43%	-1.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.43%	1.91%	-0.48%

Volatility

LOTIX vs. QSPIX - Volatility Comparison

LoCorr Market Trend Fund (LOTIX) and AQR Style Premia Alternative Fund (QSPIX) have volatilities of 3.24% and 3.15%, 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

	LOTIX	QSPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.24%	3.15%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	8.58%	7.19%	+1.39%
Volatility (1Y) Calculated over the trailing 1-year period	11.63%	9.61%	+2.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.19%	15.87%	-2.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.20%	12.82%	+0.38%

LOTIX vs. QSPIX - Expense Ratio Comparison

LOTIX has a 1.75% expense ratio, which is higher than QSPIX's 1.49% expense ratio.

Dividends

LOTIX vs. QSPIX - Dividend Comparison

LOTIX's dividend yield for the trailing twelve months is around 2.09%, less than QSPIX's 2.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LOTIX LoCorr Market Trend Fund	2.09%	2.62%	5.66%	2.73%	17.57%	3.62%	0.24%	1.33%	0.00%	0.00%	1.89%	0.93%
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 LOTIX and QSPIX in my portfolio?

LOTIX and QSPIX have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LOTIX or QSPIX?

LOTIX has higher volatility (3.24%) compared to QSPIX (3.15%). In terms of maximum drawdown, LOTIX dropped -28.32% vs QSPIX's -41.37%.

Which has better risk-adjusted returns?

LOTIX currently has the higher Sharpe Ratio (3.61 vs 1.89), 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.