QDSIX vs. QDSNX

Last updated Jul 14, 2026

QDSIX (AQR Diversifying Strategies Fund) and QDSNX (AQR Diversifying Strategies Fund Class N) are both mutual funds - QDSIX is a Multistrategy fund managed by AQR Funds, while QDSNX is a Tactical Allocation fund actively managed by AQR Funds. Over the past 5 years, QDSIX returned 11.22%/yr vs 11.01%/yr for QDSNX. With a 0.98 correlation, they move nearly in lockstep. QDSIX charges 0.20%/yr vs 3.30%/yr for QDSNX.

Performance

QDSIX vs. QDSNX - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with QDSIX having a 4.50% return and QDSNX slightly lower at 4.37%.

QDSIX

• 1D: 0.07%
• 1M: -0.81%
• 6M: 3.61%
• YTD: 4.50%
• 1Y: 13.57%
• 3Y*: 12.19%
• 5Y*: 11.22%
• 10Y*: —

QDSNX

• 1D: 0.07%
• 1M: -0.82%
• 6M: 3.55%
• YTD: 4.37%
• 1Y: 13.27%
• 3Y*: 11.99%
• 5Y*: 11.01%
• 10Y*: —

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

QDSIX vs. QDSNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
QDSIX AQR Diversifying Strategies Fund	4.50%	16.36%	9.71%	8.88%	14.69%	10.64%	5.50%
QDSNX AQR Diversifying Strategies Fund Class N	4.37%	16.14%	9.56%	8.62%	14.48%	10.35%	5.40%

Correlation

The correlation between QDSIX and QDSNX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Jun 10, 2020	0.98

The correlation between QDSIX and QDSNX has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.

Return for Risk

QDSIX vs. QDSNX — Risk / Return Rank

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

QDSIX

QDSIX Risk / Return Rank: 91
QDSIX Sharpe Ratio Rank: 92
QDSIX Sortino Ratio Rank: 90
QDSIX Omega Ratio Rank: 86
QDSIX Calmar Ratio Rank: 94
QDSIX Martin Ratio Rank: 93

QDSNX

QDSNX Risk / Return Rank: 91
QDSNX Sharpe Ratio Rank: 92
QDSNX Sortino Ratio Rank: 90
QDSNX Omega Ratio Rank: 87
QDSNX Calmar Ratio Rank: 94
QDSNX Martin Ratio Rank: 93

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. QDSNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR Diversifying Strategies Fund (QDSIX) 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.

	QDSIX	QDSNX	Difference
Sharpe ratio: Return per unit of total volatility	2.55	2.54	+0.01
Sortino ratio: Return per unit of downside risk	3.73	3.74	0.00
Omega ratio: Gain probability vs. loss probability	1.48	1.48	0.00
Calmar ratio: Return relative to maximum drawdown	4.34	4.25	+0.09
Martin ratio: Return relative to average drawdown	15.25	14.84	+0.41

QDSIX vs. QDSNX - Sharpe Ratio Comparison

The current QDSIX Sharpe Ratio is 2.55, which is comparable to the QDSNX Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of QDSIX and QDSNX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QDSIX vs. QDSNX - Drawdown Comparison

The maximum QDSIX drawdown since its inception was -7.06%, roughly equal to the maximum QDSNX drawdown of -7.15%. Use the drawdown chart below to compare losses from any high point for QDSIX and QDSNX.

Drawdown Indicators

	QDSIX	QDSNX	Difference
Max Drawdown Largest peak-to-trough decline	-7.06%	-7.15%	+0.09%
Max Drawdown (1Y) Largest decline over 1 year	-3.08%	-3.10%	+0.02%
Max Drawdown (3Y) Largest decline over 3 years	-6.90%	-6.93%	+0.03%
Max Drawdown (5Y) Largest decline over 5 years	-7.06%	-7.15%	+0.09%
Current Drawdown Current decline from peak	-1.88%	-1.89%	+0.01%
Average Drawdown Average peak-to-trough decline	-1.45%	-1.46%	+0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.87%	0.88%	-0.01%

Volatility

QDSIX vs. QDSNX - Volatility Comparison

AQR Diversifying Strategies Fund (QDSIX) and AQR Diversifying Strategies Fund Class N (QDSNX) have volatilities of 1.86% and 1.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QDSIX	QDSNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.86%	1.93%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	3.89%	3.90%	-0.01%
Volatility (1Y) Calculated over the trailing 1-year period	5.29%	5.24%	+0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.63%	7.62%	+0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.30%	7.29%	+0.01%

QDSIX vs. QDSNX - Expense Ratio Comparison

QDSIX has a 0.20% expense ratio, which is lower than QDSNX's 3.30% expense ratio.

Dividends

QDSIX vs. QDSNX - Dividend Comparison

QDSIX's dividend yield for the trailing twelve months is around 2.14%, more than QDSNX's 1.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
QDSIX AQR Diversifying Strategies Fund	2.14%	2.23%	0.00%	11.35%	8.22%	6.07%	1.93%
QDSNX AQR Diversifying Strategies Fund Class N	1.91%	1.99%	0.00%	11.18%	8.01%	5.99%	1.83%

Frequently Asked Questions

Can I hold both QDSIX and QDSNX in my portfolio?

With a correlation of 0.99, QDSIX and QDSNX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, QDSIX or QDSNX?

QDSNX has higher volatility (1.93%) compared to QDSIX (1.86%). In terms of maximum drawdown, QDSIX dropped -7.06% vs QDSNX's -7.15%.

Which has better risk-adjusted returns?

QDSIX currently has the higher Sharpe Ratio (2.55 vs 2.54), 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.