QDSIX vs. HFSAX

Last updated Jun 4, 2026

QDSIX (AQR Diversifying Strategies Fund) and HFSAX (Hundredfold Select Alternative Fund Investor Class) are both mutual funds - QDSIX is a Multistrategy fund managed by AQR Funds, while HFSAX is a Tactical Allocation fund managed by Advisors Preferred. Over the past 5 years, QDSIX returned 11.18%/yr vs 3.52%/yr for HFSAX. At a 0.21 correlation, their price movements are largely independent. QDSIX charges 0.20%/yr vs 1.75%/yr for HFSAX.

Performance

QDSIX vs. HFSAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR Diversifying Strategies Fund (QDSIX) and Hundredfold Select Alternative Fund Investor Class (HFSAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QDSIX achieves a 6.42% return, which is significantly higher than HFSAX's 2.70% return.

QDSIX

• 1D: 0.07%
• 1M: 1.50%
• YTD: 6.42%
• 6M: 7.88%
• 1Y: 15.05%
• 3Y*: 13.91%
• 5Y*: 11.18%
• 10Y*: —

HFSAX

• 1D: 0.20%
• 1M: 1.77%
• YTD: 2.70%
• 6M: 4.15%
• 1Y: 11.18%
• 3Y*: 9.99%
• 5Y*: 3.52%
• 10Y*: 8.41%

*Multi-year figures are annualized to reflect compound growth (CAGR)

QDSIX vs. HFSAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
QDSIX AQR Diversifying Strategies Fund	6.42%	16.36%	9.71%	8.88%	14.69%	10.64%	5.50%
HFSAX Hundredfold Select Alternative Fund Investor Class	2.70%	11.97%	3.75%	10.93%	-9.44%	9.05%	18.14%

Correlation

The correlation between QDSIX and HFSAX is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (All Time) Calculated using the full available price history since Jun 11, 2020	0.21

Over the past year, QDSIX and HFSAX have become more correlated (0.62) than their long-term average of 0.21, meaning their price movements have been converging.

Return for Risk

QDSIX vs. HFSAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QDSIX

QDSIX Risk / Return Rank: 92
QDSIX Sharpe Ratio Rank: 91
QDSIX Sortino Ratio Rank: 92
QDSIX Omega Ratio Rank: 86
QDSIX Calmar Ratio Rank: 98
QDSIX Martin Ratio Rank: 95

HFSAX

HFSAX Risk / Return Rank: 66
HFSAX Sharpe Ratio Rank: 77
HFSAX Sortino Ratio Rank: 67
HFSAX Omega Ratio Rank: 78
HFSAX Calmar Ratio Rank: 67
HFSAX Martin Ratio Rank: 41

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QDSIX vs. HFSAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR Diversifying Strategies Fund (QDSIX) and Hundredfold Select Alternative Fund Investor Class (HFSAX). 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.

	QDSIX	HFSAX	Difference
Sharpe ratio: Return per unit of total volatility	3.05	2.55	+0.49
Sortino ratio: Return per unit of downside risk	4.56	3.42	+1.14
Omega ratio: Gain probability vs. loss probability	1.59	1.51	+0.08
Calmar ratio: Return relative to maximum drawdown	7.82	3.14	+4.68
Martin ratio: Return relative to average drawdown	22.82	8.76	+14.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QDSIX vs. HFSAX - Sharpe Ratio Comparison

The current QDSIX Sharpe Ratio is 3.05, which is comparable to the HFSAX Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of QDSIX and HFSAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QDSIX	HFSAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.05	2.55	+0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.47	0.57	+0.90
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.35	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.66	1.33	+0.33

Drawdowns

QDSIX vs. HFSAX - Drawdown Comparison

The maximum QDSIX drawdown since its inception was -7.06%, smaller than the maximum HFSAX drawdown of -12.81%. Use the drawdown chart below to compare losses from any high point for QDSIX and HFSAX.

Drawdown Indicators

	QDSIX	HFSAX	Difference
Max Drawdown Largest peak-to-trough decline	-7.06%	-12.81%	+5.75%
Max Drawdown (1Y) Largest decline over 1 year	-1.96%	-3.68%	+1.72%
Max Drawdown (3Y) Largest decline over 3 years	-6.90%	-5.67%	-1.23%
Max Drawdown (5Y) Largest decline over 5 years	-7.06%	-12.81%	+5.75%
Max Drawdown (10Y) Largest decline over 10 years	—	-12.81%	—
Current Drawdown Current decline from peak	0.00%	-0.16%	+0.16%
Average Drawdown Average peak-to-trough decline	-1.44%	-2.39%	+0.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.67%	1.31%	-0.64%

Volatility

QDSIX vs. HFSAX - Volatility Comparison

The current volatility for AQR Diversifying Strategies Fund (QDSIX) is 1.38%, while Hundredfold Select Alternative Fund Investor Class (HFSAX) has a volatility of 1.61%. This indicates that QDSIX experiences smaller price fluctuations and is considered to be less risky than HFSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QDSIX	HFSAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.38%	1.61%	-0.23%
Volatility (6M) Calculated over the trailing 6-month period	3.60%	3.64%	-0.04%
Volatility (1Y) Calculated over the trailing 1-year period	5.04%	4.53%	+0.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.64%	6.20%	+1.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.32%	6.26%	+1.06%

QDSIX vs. HFSAX - Expense Ratio Comparison

QDSIX has a 0.20% expense ratio, which is lower than HFSAX's 1.75% expense ratio.

Dividends

QDSIX vs. HFSAX - Dividend Comparison

QDSIX's dividend yield for the trailing twelve months is around 2.10%, less than HFSAX's 9.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HFSAX Hundredfold Select Alternative Fund Investor Class	9.49%	9.75%	5.87%	5.17%	4.92%	10.98%	13.58%	6.44%	3.11%	11.06%	5.60%	1.85%
QDSIX AQR Diversifying Strategies Fund	2.10%	2.23%	0.00%	11.35%	8.22%	6.07%	1.93%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QDSIX and HFSAX in my portfolio?

QDSIX and HFSAX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QDSIX or HFSAX?

HFSAX has higher volatility (1.61%) compared to QDSIX (1.38%). In terms of maximum drawdown, QDSIX dropped -7.06% vs HFSAX's -12.81%.

Which has better risk-adjusted returns?

QDSIX currently has the higher Sharpe Ratio (3.05 vs 2.55), 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.