PRSIX vs. QDSNX
PRSIX (T. Rowe Price Spectrum Conservative Allocation Fund) and QDSNX (AQR Diversifying Strategies Fund Class N) are both mutual funds - PRSIX is a Diversified Portfolio fund managed by T. Rowe Price, while QDSNX is a Tactical Allocation fund actively managed by AQR Funds. Over the past 5 years, PRSIX returned 4.58%/yr vs 10.72%/yr for QDSNX. At a 0.18 correlation, their price movements are largely independent. PRSIX charges 0.36%/yr vs 3.30%/yr for QDSNX.
Performance
PRSIX vs. QDSNX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with PRSIX having a 5.01% return and QDSNX slightly lower at 4.87%.
PRSIX
- 1D
- 1.14%
- 1M
- 0.19%
- YTD
- 5.01%
- 6M
- 5.51%
- 1Y
- 12.50%
- 3Y*
- 10.58%
- 5Y*
- 4.58%
- 10Y*
- 6.84%
QDSNX
- 1D
- 0.34%
- 1M
- -0.41%
- YTD
- 4.87%
- 6M
- 6.21%
- 1Y
- 13.30%
- 3Y*
- 12.84%
- 5Y*
- 10.72%
- 10Y*
- —
PRSIX vs. QDSNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PRSIX T. Rowe Price Spectrum Conservative Allocation Fund | 5.01% | 11.91% | 8.53% | 11.97% | -13.65% | 7.07% | 11.44% |
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 PRSIX and QDSNX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2020 | 0.18 |
Over the past year, PRSIX and QDSNX have become more correlated (0.45) than their long-term average of 0.18, meaning their price movements have been converging.
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Return for Risk
PRSIX vs. QDSNX — Risk / Return Rank
PRSIX
QDSNX
PRSIX vs. QDSNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Spectrum Conservative Allocation Fund (PRSIX) 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.
| PRSIX | QDSNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.52 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 6.97 | -4.41 |
| Martin ratioReturn relative to average drawdown | 11.28 | 19.53 | -8.25 |
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Drawdowns
PRSIX vs. QDSNX - Drawdown Comparison
The maximum PRSIX drawdown since its inception was -30.00%, which is greater than QDSNX's maximum drawdown of -7.15%. Use the drawdown chart below to compare losses from any high point for PRSIX and QDSNX.
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Drawdown Indicators
| PRSIX | QDSNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.00% | -7.15% | -22.85% |
Max Drawdown (1Y)Largest decline over 1 year | -5.02% | -1.97% | -3.05% |
Max Drawdown (3Y)Largest decline over 3 years | -6.80% | -6.93% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -18.69% | -7.15% | -11.54% |
Max Drawdown (10Y)Largest decline over 10 years | -19.28% | — | — |
Current DrawdownCurrent decline from peak | -0.74% | -1.41% | +0.67% |
Average DrawdownAverage peak-to-trough decline | -2.82% | -1.45% | -1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 0.70% | +0.44% |
Volatility
PRSIX vs. QDSNX - Volatility Comparison
T. Rowe Price Spectrum Conservative Allocation Fund (PRSIX) has a higher volatility of 2.52% compared to AQR Diversifying Strategies Fund Class N (QDSNX) at 1.72%. This indicates that PRSIX'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
| PRSIX | QDSNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.52% | 1.72% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 5.24% | 3.68% | +1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.14% | 5.06% | +1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.10% | 7.64% | -0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.42% | 7.30% | +0.12% |
PRSIX vs. QDSNX - Expense Ratio Comparison
PRSIX has a 0.36% expense ratio, which is lower than QDSNX's 3.30% expense ratio.
Dividends
PRSIX vs. QDSNX - Dividend Comparison
PRSIX's dividend yield for the trailing twelve months is around 6.89%, more than QDSNX's 1.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRSIX T. Rowe Price Spectrum Conservative Allocation Fund | 6.89% | 7.12% | 3.92% | 3.78% | 5.63% | 7.63% | 3.77% | 5.11% | 5.27% | 3.43% | 2.22% | 4.56% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
PRSIX and QDSNX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRSIX has higher volatility (2.52%) compared to QDSNX (1.72%). In terms of maximum drawdown, PRSIX dropped -30.00% vs QDSNX's -7.15%.
QDSNX currently has the higher Sharpe Ratio (2.71 vs 2.09), 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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