MINV vs. QDSIX

Last updated Jun 14, 2026

MINV (Matthews Asia Innovators Active ETF) and QDSIX (AQR Diversifying Strategies Fund) are both funds - MINV is a Asia Pacific Equities fund actively managed by Matthews, while QDSIX is a Multistrategy fund managed by AQR Funds. Over the past 3 years, MINV returned 31.39%/yr vs 13.04%/yr for QDSIX. At a 0.11 correlation, their price movements are largely independent. MINV charges 0.79%/yr vs 0.20%/yr for QDSIX.

Performance

MINV vs. QDSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Matthews Asia Innovators Active ETF (MINV) and AQR Diversifying Strategies Fund (QDSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MINV achieves a 51.67% return, which is significantly higher than QDSIX's 5.00% return.

MINV

• 1D: -0.32%
• 1M: 2.16%
• YTD: 51.67%
• 6M: 53.62%
• 1Y: 81.42%
• 3Y*: 31.39%
• 5Y*: —
• 10Y*: —

QDSIX

• 1D: 0.34%
• 1M: -0.27%
• YTD: 5.00%
• 6M: 6.36%
• 1Y: 13.68%
• 3Y*: 13.04%
• 5Y*: 10.94%
• 10Y*: —

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

MINV vs. QDSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MINV Matthews Asia Innovators Active ETF	51.67%	30.85%	17.32%	-2.66%	-2.87%
QDSIX AQR Diversifying Strategies Fund	5.00%	16.36%	9.71%	8.88%	4.81%

Correlation

The correlation between MINV and QDSIX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022	0.11

The correlation between MINV and QDSIX shifts across timeframes, from 0.11 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

MINV vs. QDSIX — Risk / Return Rank

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

MINV

MINV Risk / Return Rank: 91
MINV Sharpe Ratio Rank: 93
MINV Sortino Ratio Rank: 88
MINV Omega Ratio Rank: 90
MINV Calmar Ratio Rank: 95
MINV Martin Ratio Rank: 90

QDSIX

QDSIX Risk / Return Rank: 93
QDSIX Sharpe Ratio Rank: 93
QDSIX Sortino Ratio Rank: 91
QDSIX Omega Ratio Rank: 87
QDSIX Calmar Ratio Rank: 98
QDSIX Martin Ratio Rank: 96

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.

MINV vs. QDSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matthews Asia Innovators Active ETF (MINV) and AQR Diversifying Strategies Fund (QDSIX). 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.

	MINV	QDSIX	Difference
Sharpe ratio: Return per unit of total volatility	2.92	2.74	+0.18
Sortino ratio: Return per unit of downside risk	3.53	4.05	-0.52
Omega ratio: Gain probability vs. loss probability	1.51	1.52	-0.01
Calmar ratio: Return relative to maximum drawdown	7.23	7.16	+0.07
Martin ratio: Return relative to average drawdown	18.28	20.24	-1.97

MINV vs. QDSIX - Sharpe Ratio Comparison

The current MINV Sharpe Ratio is 2.92, which is comparable to the QDSIX Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of MINV and QDSIX, 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

MINV vs. QDSIX - Drawdown Comparison

The maximum MINV drawdown since its inception was -23.49%, which is greater than QDSIX's maximum drawdown of -7.06%. Use the drawdown chart below to compare losses from any high point for MINV and QDSIX.

Drawdown Indicators

	MINV	QDSIX	Difference
Max Drawdown Largest peak-to-trough decline	-23.49%	-7.06%	-16.43%
Max Drawdown (1Y) Largest decline over 1 year	-10.91%	-1.96%	-8.95%
Max Drawdown (3Y) Largest decline over 3 years	-19.82%	-6.90%	-12.92%
Max Drawdown (5Y) Largest decline over 5 years	—	-7.06%	—
Current Drawdown Current decline from peak	-6.24%	-1.41%	-4.83%
Average Drawdown Average peak-to-trough decline	-8.06%	-1.44%	-6.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.31%	0.69%	+3.62%

Volatility

MINV vs. QDSIX - Volatility Comparison

Matthews Asia Innovators Active ETF (MINV) has a higher volatility of 13.99% compared to AQR Diversifying Strategies Fund (QDSIX) at 1.73%. This indicates that MINV's price experiences larger fluctuations and is considered to be riskier than QDSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MINV	QDSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.99%	1.73%	+12.26%
Volatility (6M) Calculated over the trailing 6-month period	23.75%	3.72%	+20.03%
Volatility (1Y) Calculated over the trailing 1-year period	27.05%	5.11%	+21.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.22%	7.65%	+16.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.22%	7.32%	+16.90%

MINV vs. QDSIX - Expense Ratio Comparison

MINV has a 0.79% expense ratio, which is higher than QDSIX's 0.20% expense ratio.

Dividends

MINV vs. QDSIX - Dividend Comparison

MINV's dividend yield for the trailing twelve months is around 1.00%, less than QDSIX's 2.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
MINV Matthews Asia Innovators Active ETF	1.00%	1.51%	0.25%	1.00%	0.00%	0.00%	0.00%
QDSIX AQR Diversifying Strategies Fund	2.13%	2.23%	0.00%	11.35%	8.22%	6.07%	1.93%

Frequently Asked Questions

Can I hold both MINV and QDSIX in my portfolio?

MINV and QDSIX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MINV or QDSIX?

MINV has higher volatility (13.99%) compared to QDSIX (1.73%). In terms of maximum drawdown, MINV dropped -23.49% vs QDSIX's -7.06%.

Which has better risk-adjusted returns?

MINV currently has the higher Sharpe Ratio (2.92 vs 2.74), 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.