PSMIX vs. QDSIX
Compare and contrast key facts about Principal Global Multi-Strategy Fund (PSMIX) and AQR Diversifying Strategies Fund (QDSIX).
PSMIX is managed by Principal. It was launched on Oct 23, 2011. QDSIX is managed by AQR Funds. It was launched on Jun 7, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSMIX or QDSIX.
Key characteristics
| PSMIX | QDSIX | |
|---|---|---|
| YTD Return | 7.60% | 11.14% |
| 1Y Return | 9.27% | 0.24% |
| 3Y Return (Ann) | 4.32% | 7.67% |
| Sharpe Ratio | 2.48 | 0.03 |
| Daily Std Dev | 3.66% | 11.76% |
| Max Drawdown | -13.94% | -11.30% |
| Current Drawdown | -0.09% | -2.27% |
Correlation
The correlation between PSMIX and QDSIX is 0.29, 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.
Performance
PSMIX vs. QDSIX - Performance Comparison
In the year-to-date period, PSMIX achieves a 7.60% return, which is significantly lower than QDSIX's 11.14% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PSMIX vs. QDSIX - Expense Ratio Comparison
PSMIX has a 1.63% expense ratio, which is higher than QDSIX's 0.20% expense ratio.
Risk-Adjusted Performance
PSMIX vs. QDSIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Global Multi-Strategy Fund (PSMIX) 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.
Dividends
PSMIX vs. QDSIX - Dividend Comparison
PSMIX's dividend yield for the trailing twelve months is around 3.26%, less than QDSIX's 10.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSMIX Principal Global Multi-Strategy Fund | 3.26% | 3.50% | 12.10% | 4.04% | 1.68% | 0.00% | 6.52% | 2.91% | 0.15% | 3.02% | 2.53% | 1.08% |
QDSIX AQR Diversifying Strategies Fund | 10.22% | 11.35% | 8.22% | 6.07% | 1.93% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PSMIX vs. QDSIX - Drawdown Comparison
The maximum PSMIX drawdown since its inception was -13.94%, which is greater than QDSIX's maximum drawdown of -11.30%. Use the drawdown chart below to compare losses from any high point for PSMIX and QDSIX. For additional features, visit the drawdowns tool.
Volatility
PSMIX vs. QDSIX - Volatility Comparison
The current volatility for Principal Global Multi-Strategy Fund (PSMIX) is 1.08%, while AQR Diversifying Strategies Fund (QDSIX) has a volatility of 1.35%. This indicates that PSMIX experiences smaller price fluctuations and is considered to be less risky than QDSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.