QDSNX vs. AOM
QDSNX (AQR Diversifying Strategies Fund Class N) and AOM (iShares Core Moderate Allocation ETF) are both funds - QDSNX is a Tactical Allocation fund actively managed by AQR Funds, while AOM is a Diversified Portfolio fund tracking the S&P Target Risk Moderate. QDSNX is actively managed, while AOM is passively managed. Over the past 5 years, QDSNX returned 10.67%/yr vs 4.61%/yr for AOM. At a 0.16 correlation, their price movements are largely independent. QDSNX charges 3.30%/yr vs 0.25%/yr for AOM.
Performance
QDSNX vs. AOM - Performance Comparison
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Returns By Period
In the year-to-date period, QDSNX achieves a 5.44% return, which is significantly higher than AOM's 4.18% return.
QDSNX
- 1D
- -0.61%
- 1M
- 0.55%
- YTD
- 5.44%
- 6M
- 7.09%
- 1Y
- 14.00%
- 3Y*
- 13.28%
- 5Y*
- 10.67%
- 10Y*
- —
AOM
- 1D
- 0.41%
- 1M
- -0.28%
- YTD
- 4.18%
- 6M
- 4.84%
- 1Y
- 13.33%
- 3Y*
- 10.66%
- 5Y*
- 4.61%
- 10Y*
- 6.19%
QDSNX vs. AOM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
QDSNX AQR Diversifying Strategies Fund Class N | 5.44% | 16.14% | 9.56% | 8.62% | 14.48% | 10.35% | 5.40% |
AOM iShares Core Moderate Allocation ETF | 4.18% | 13.28% | 7.95% | 12.38% | -14.54% | 6.93% | 8.80% |
Correlation
The correlation between QDSNX and AOM is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2020 | 0.16 |
Over the past year, QDSNX and AOM have become more correlated (0.41) than their long-term average of 0.16, meaning their price movements have been converging.
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Return for Risk
QDSNX vs. AOM — Risk / Return Rank
QDSNX
AOM
QDSNX vs. AOM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Diversifying Strategies Fund Class N (QDSNX) and iShares Core Moderate Allocation ETF (AOM). 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.
| QDSNX | AOM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.37 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 7.11 | 2.62 | +4.49 |
| Martin ratioReturn relative to average drawdown | 20.51 | 11.37 | +9.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QDSNX | AOM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.79 | 2.00 | +0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.40 | 0.57 | +0.84 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.61 | 0.69 | +0.92 |
Drawdowns
QDSNX vs. AOM - Drawdown Comparison
The maximum QDSNX drawdown since its inception was -7.15%, smaller than the maximum AOM drawdown of -19.96%. Use the drawdown chart below to compare losses from any high point for QDSNX and AOM.
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Drawdown Indicators
| QDSNX | AOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.15% | -19.96% | +12.81% |
Max Drawdown (1Y)Largest decline over 1 year | -1.97% | -5.11% | +3.14% |
Max Drawdown (3Y)Largest decline over 3 years | -6.93% | -6.85% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -7.15% | -19.96% | +12.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.96% | — |
Current DrawdownCurrent decline from peak | -0.88% | -1.24% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -1.45% | -2.70% | +1.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 1.18% | -0.50% |
Volatility
QDSNX vs. AOM - Volatility Comparison
The current volatility for AQR Diversifying Strategies Fund Class N (QDSNX) is 1.55%, while iShares Core Moderate Allocation ETF (AOM) has a volatility of 2.40%. This indicates that QDSNX experiences smaller price fluctuations and is considered to be less risky than AOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QDSNX | AOM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 2.40% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 3.61% | 5.42% | -1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.02% | 6.72% | -1.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.63% | 8.17% | -0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.31% | 7.95% | -0.64% |
QDSNX vs. AOM - Expense Ratio Comparison
QDSNX has a 3.30% expense ratio, which is higher than AOM's 0.25% expense ratio.
Dividends
QDSNX vs. AOM - Dividend Comparison
QDSNX's dividend yield for the trailing twelve months is around 1.89%, less than AOM's 3.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOM iShares Core Moderate Allocation ETF | 3.01% | 2.98% | 3.10% | 2.79% | 2.27% | 1.56% | 2.02% | 2.66% | 2.53% | 3.31% | 2.14% | 1.98% |
QDSNX AQR Diversifying Strategies Fund Class N | 1.89% | 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
QDSNX and AOM have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AOM has higher volatility (2.40%) compared to QDSNX (1.55%). In terms of maximum drawdown, QDSNX dropped -7.15% vs AOM's -19.96%.
QDSNX currently has the higher Sharpe Ratio (2.79 vs 2.00), 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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