PNAIX vs. QDSNX
PNAIX (T. Rowe Price All-Cap Opportunities Fund I Class) and QDSNX (AQR Diversifying Strategies Fund Class N) are both mutual funds - PNAIX is a Large Cap Growth Equities fund tracking the Russell 3000 Index, while QDSNX is a Tactical Allocation fund actively managed by AQR Funds. PNAIX is passively managed, while QDSNX is actively managed. Over the past 5 years, PNAIX returned 9.52%/yr vs 10.72%/yr for QDSNX. At a 0.14 correlation, their price movements are largely independent. PNAIX charges 0.66%/yr vs 3.30%/yr for QDSNX.
Performance
PNAIX vs. QDSNX - Performance Comparison
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Returns By Period
In the year-to-date period, PNAIX achieves a -1.66% return, which is significantly lower than QDSNX's 4.87% return.
PNAIX
- 1D
- 2.25%
- 1M
- -1.01%
- YTD
- -1.66%
- 6M
- -1.61%
- 1Y
- 10.14%
- 3Y*
- 17.41%
- 5Y*
- 9.52%
- 10Y*
- 15.46%
QDSNX
- 1D
- 0.34%
- 1M
- -0.41%
- YTD
- 4.87%
- 6M
- 6.21%
- 1Y
- 13.30%
- 3Y*
- 12.84%
- 5Y*
- 10.72%
- 10Y*
- —
PNAIX vs. QDSNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PNAIX T. Rowe Price All-Cap Opportunities Fund I Class | -1.66% | 16.53% | 25.43% | 29.18% | -21.25% | 20.76% | 29.18% |
QDSNX AQR Diversifying Strategies Fund Class N | 4.87% | 16.14% | 9.56% | 8.62% | 14.48% | 10.35% | 5.40% |
Correlation
The correlation between PNAIX and QDSNX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2020 | 0.14 |
Over the past year, PNAIX and QDSNX have become more correlated (0.41) than their long-term average of 0.14, meaning their price movements have been converging.
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Return for Risk
PNAIX vs. QDSNX — Risk / Return Rank
PNAIX
QDSNX
PNAIX vs. QDSNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price All-Cap Opportunities Fund I Class (PNAIX) and AQR Diversifying Strategies Fund Class N (QDSNX). 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.
| PNAIX | QDSNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.96 | ||
| Sortino ratioReturn per unit of downside risk | -2.90 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.52 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 6.97 | -6.22 |
| Martin ratioReturn relative to average drawdown | 2.60 | 19.53 | -16.93 |
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Drawdowns
PNAIX vs. QDSNX - Drawdown Comparison
The maximum PNAIX drawdown since its inception was -30.49%, which is greater than QDSNX's maximum drawdown of -7.15%. Use the drawdown chart below to compare losses from any high point for PNAIX and QDSNX.
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Drawdown Indicators
| PNAIX | QDSNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.49% | -7.15% | -23.34% |
Max Drawdown (1Y)Largest decline over 1 year | -14.02% | -1.97% | -12.05% |
Max Drawdown (3Y)Largest decline over 3 years | -19.05% | -6.93% | -12.12% |
Max Drawdown (5Y)Largest decline over 5 years | -29.29% | -7.15% | -22.14% |
Max Drawdown (10Y)Largest decline over 10 years | -30.49% | — | — |
Current DrawdownCurrent decline from peak | -3.56% | -1.41% | -2.15% |
Average DrawdownAverage peak-to-trough decline | -5.52% | -1.45% | -4.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.01% | 0.70% | +3.31% |
Volatility
PNAIX vs. QDSNX - Volatility Comparison
T. Rowe Price All-Cap Opportunities Fund I Class (PNAIX) has a higher volatility of 5.17% compared to AQR Diversifying Strategies Fund Class N (QDSNX) at 1.72%. This indicates that PNAIX's price experiences larger fluctuations and is considered to be riskier than QDSNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PNAIX | QDSNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.17% | 1.72% | +3.45% |
Volatility (6M)Calculated over the trailing 6-month period | 11.38% | 3.68% | +7.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.90% | 5.06% | +8.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.69% | 7.64% | +10.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.20% | 7.30% | +11.90% |
PNAIX vs. QDSNX - Expense Ratio Comparison
PNAIX has a 0.66% expense ratio, which is lower than QDSNX's 3.30% expense ratio.
Dividends
PNAIX vs. QDSNX - Dividend Comparison
PNAIX's dividend yield for the trailing twelve months is around 8.68%, more than QDSNX's 1.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
PNAIX T. Rowe Price All-Cap Opportunities Fund I Class | 8.68% | 8.53% | 9.37% | 5.23% | 3.31% | 20.62% | 15.56% | 7.43% | 12.75% | 0.29% |
QDSNX AQR Diversifying Strategies Fund Class N | 1.90% | 1.99% | 0.00% | 11.18% | 8.01% | 5.99% | 1.83% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PNAIX and QDSNX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PNAIX has higher volatility (5.17%) compared to QDSNX (1.72%). In terms of maximum drawdown, PNAIX dropped -30.49% vs QDSNX's -7.15%.
QDSNX currently has the higher Sharpe Ratio (2.71 vs 0.75), 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.
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