QDSIX vs. FSMSX
Compare and contrast key facts about AQR Diversifying Strategies Fund (QDSIX) and FS Multi-Strategy Alternatives Fund (FSMSX).
QDSIX is managed by AQR Funds. It was launched on Jun 7, 2020. FSMSX is managed by FS Investments. It was launched on May 15, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QDSIX or FSMSX.
Key characteristics
| QDSIX | FSMSX | |
|---|---|---|
| YTD Return | 10.96% | 3.30% |
| 1Y Return | -0.16% | 4.91% |
| 3Y Return (Ann) | 7.61% | 5.45% |
| Sharpe Ratio | 0.01 | 2.05 |
| Daily Std Dev | 11.74% | 2.44% |
| Max Drawdown | -11.30% | -9.41% |
| Current Drawdown | -2.43% | -1.14% |
Correlation
The correlation between QDSIX and FSMSX is 0.26, 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
QDSIX vs. FSMSX - Performance Comparison
In the year-to-date period, QDSIX achieves a 10.96% return, which is significantly higher than FSMSX's 3.30% 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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QDSIX vs. FSMSX - Expense Ratio Comparison
QDSIX has a 0.20% expense ratio, which is lower than FSMSX's 1.89% expense ratio.
Risk-Adjusted Performance
QDSIX vs. FSMSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Diversifying Strategies Fund (QDSIX) and FS Multi-Strategy Alternatives Fund (FSMSX). 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
QDSIX vs. FSMSX - Dividend Comparison
QDSIX's dividend yield for the trailing twelve months is around 10.23%, more than FSMSX's 3.49% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
QDSIX AQR Diversifying Strategies Fund | 10.23% | 11.35% | 8.22% | 6.07% | 1.93% | 0.00% |
FSMSX FS Multi-Strategy Alternatives Fund | 3.49% | 3.61% | 4.12% | 3.22% | 0.77% | 2.20% |
Drawdowns
QDSIX vs. FSMSX - Drawdown Comparison
The maximum QDSIX drawdown since its inception was -11.30%, which is greater than FSMSX's maximum drawdown of -9.41%. Use the drawdown chart below to compare losses from any high point for QDSIX and FSMSX. For additional features, visit the drawdowns tool.
Volatility
QDSIX vs. FSMSX - Volatility Comparison
AQR Diversifying Strategies Fund (QDSIX) has a higher volatility of 1.34% compared to FS Multi-Strategy Alternatives Fund (FSMSX) at 0.73%. This indicates that QDSIX's price experiences larger fluctuations and is considered to be riskier than FSMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.