PASIX vs. QSPRX
Compare and contrast key facts about PACE Alternative Strategies Investments (PASIX) and AQR Style Premia Alternative R6 (QSPRX).
PASIX is managed by UBS. It was launched on Apr 9, 2006. QSPRX is an actively managed fund by AQR. It was launched on Sep 2, 2014.
Performance
PASIX vs. QSPRX - Performance Comparison
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PASIX vs. QSPRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PASIX PACE Alternative Strategies Investments | -0.10% | 7.47% | 6.56% | 4.97% | 0.22% | 2.60% | 9.48% | 6.08% | -5.41% | 3.71% |
QSPRX AQR Style Premia Alternative R6 | 9.87% | 14.94% | 21.60% | 12.50% | 30.90% | 25.14% | -21.91% | -8.10% | -12.32% | 12.18% |
Returns By Period
In the year-to-date period, PASIX achieves a -0.10% return, which is significantly lower than QSPRX's 9.87% return. Over the past 10 years, PASIX has underperformed QSPRX with an annualized return of 3.49%, while QSPRX has yielded a comparatively higher 7.14% annualized return.
PASIX
- 1D
- 0.60%
- 1M
- -2.59%
- YTD
- -0.10%
- 6M
- 0.73%
- 1Y
- 6.35%
- 3Y*
- 6.50%
- 5Y*
- 4.03%
- 10Y*
- 3.49%
QSPRX
- 1D
- -0.10%
- 1M
- 3.12%
- YTD
- 9.87%
- 6M
- 13.19%
- 1Y
- 13.06%
- 3Y*
- 20.04%
- 5Y*
- 18.99%
- 10Y*
- 7.14%
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PASIX vs. QSPRX - Expense Ratio Comparison
PASIX has a 1.88% expense ratio, which is lower than QSPRX's 5.79% expense ratio.
Return for Risk
PASIX vs. QSPRX — Risk / Return Rank
PASIX
QSPRX
PASIX vs. QSPRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PACE Alternative Strategies Investments (PASIX) 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.
| PASIX | QSPRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.48 | 1.39 | +0.09 |
Sortino ratioReturn per unit of downside risk | 2.09 | 1.89 | +0.20 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.25 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 1.74 | +0.18 |
Martin ratioReturn relative to average drawdown | 8.13 | 5.27 | +2.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PASIX | QSPRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 1.39 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 1.19 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.56 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.57 | -0.21 |
Correlation
The correlation between PASIX 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
PASIX vs. QSPRX - Dividend Comparison
PASIX's dividend yield for the trailing twelve months is around 10.94%, more than QSPRX's 2.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PASIX PACE Alternative Strategies Investments | 10.94% | 10.93% | 7.96% | 3.57% | 2.42% | 6.45% | 4.82% | 0.00% | 2.89% | 0.00% | 0.00% | 2.14% |
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
PASIX vs. QSPRX - Drawdown Comparison
The maximum PASIX drawdown since its inception was -32.27%, smaller than the maximum QSPRX drawdown of -41.22%. Use the drawdown chart below to compare losses from any high point for PASIX and QSPRX.
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Drawdown Indicators
| PASIX | QSPRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.27% | -41.22% | +8.95% |
Max Drawdown (1Y)Largest decline over 1 year | -3.36% | -7.75% | +4.39% |
Max Drawdown (5Y)Largest decline over 5 years | -5.22% | -17.17% | +11.95% |
Max Drawdown (10Y)Largest decline over 10 years | -10.50% | -41.22% | +30.72% |
Current DrawdownCurrent decline from peak | -2.78% | -0.21% | -2.57% |
Average DrawdownAverage peak-to-trough decline | -6.37% | -10.21% | +3.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 2.70% | -1.91% |
Volatility
PASIX vs. QSPRX - Volatility Comparison
PACE Alternative Strategies Investments (PASIX) and AQR Style Premia Alternative R6 (QSPRX) have volatilities of 2.38% and 2.49%, 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.
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Volatility by Period
| PASIX | QSPRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.38% | 2.49% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.64% | 6.51% | -2.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.49% | 10.11% | -5.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.02% | 16.00% | -10.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.01% | 12.80% | -7.79% |