QDSNX vs. SLQD
QDSNX (AQR Diversifying Strategies Fund Class N) and SLQD (iShares 0-5 Year Investment Grade Corporate Bond ETF) are both funds - QDSNX is a Tactical Allocation fund actively managed by AQR Funds, while SLQD is a Corporate Bonds fund tracking the Markit iBoxx USD Liquid Investment Grade 0-5 Index. QDSNX is actively managed, while SLQD is passively managed. Over the past 5 years, QDSNX returned 10.72%/yr vs 2.53%/yr for SLQD. At a correlation of -0.05, they often move in opposite directions. QDSNX charges 3.30%/yr vs 0.06%/yr for SLQD.
Performance
QDSNX vs. SLQD - Performance Comparison
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Returns By Period
In the year-to-date period, QDSNX achieves a 4.87% return, which is significantly higher than SLQD's 1.01% return.
QDSNX
- 1D
- 0.34%
- 1M
- -0.41%
- YTD
- 4.87%
- 6M
- 6.21%
- 1Y
- 13.30%
- 3Y*
- 12.84%
- 5Y*
- 10.72%
- 10Y*
- —
SLQD
- 1D
- -0.02%
- 1M
- 0.26%
- YTD
- 1.01%
- 6M
- 1.39%
- 1Y
- 4.39%
- 3Y*
- 5.51%
- 5Y*
- 2.53%
- 10Y*
- 2.71%
QDSNX vs. SLQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
QDSNX AQR Diversifying Strategies Fund Class N | 4.87% | 16.14% | 9.56% | 8.62% | 14.48% | 10.35% | 5.40% |
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 1.01% | 6.27% | 4.94% | 5.98% | -4.38% | -0.61% | 1.86% |
Correlation
The correlation between QDSNX and SLQD is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2020 | -0.05 |
The correlation between QDSNX and SLQD shifts across timeframes, from -0.09 (5 years) to 0.12 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
QDSNX vs. SLQD — Risk / Return Rank
QDSNX
SLQD
QDSNX vs. SLQD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Diversifying Strategies Fund Class N (QDSNX) and iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD). 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.
| QDSNX | SLQD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.61 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 6.97 | 4.15 | +2.82 |
| Martin ratioReturn relative to average drawdown | 19.53 | 18.78 | +0.76 |
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Drawdowns
QDSNX vs. SLQD - Drawdown Comparison
The maximum QDSNX drawdown since its inception was -7.15%, smaller than the maximum SLQD drawdown of -12.69%. Use the drawdown chart below to compare losses from any high point for QDSNX and SLQD.
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Drawdown Indicators
| QDSNX | SLQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.15% | -12.69% | +5.54% |
Max Drawdown (1Y)Largest decline over 1 year | -1.97% | -1.06% | -0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -6.93% | -1.06% | -5.87% |
Max Drawdown (5Y)Largest decline over 5 years | -7.15% | -7.63% | +0.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.69% | — |
Current DrawdownCurrent decline from peak | -1.41% | -0.02% | -1.39% |
Average DrawdownAverage peak-to-trough decline | -1.45% | -0.87% | -0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 0.23% | +0.47% |
Volatility
QDSNX vs. SLQD - Volatility Comparison
AQR Diversifying Strategies Fund Class N (QDSNX) has a higher volatility of 1.72% compared to iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) at 0.53%. This indicates that QDSNX's price experiences larger fluctuations and is considered to be riskier than SLQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QDSNX | SLQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 0.53% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 3.68% | 1.13% | +2.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.06% | 1.49% | +3.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.64% | 2.44% | +5.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.30% | 3.14% | +4.16% |
QDSNX vs. SLQD - Expense Ratio Comparison
QDSNX has a 3.30% expense ratio, which is higher than SLQD's 0.06% expense ratio.
Dividends
QDSNX vs. SLQD - Dividend Comparison
QDSNX's dividend yield for the trailing twelve months is around 1.90%, less than SLQD's 4.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QDSNX AQR Diversifying Strategies Fund Class N | 1.90% | 1.99% | 0.00% | 11.18% | 8.01% | 5.99% | 1.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 4.31% | 4.15% | 3.71% | 2.99% | 2.00% | 1.67% | 2.34% | 2.89% | 2.55% | 1.98% | 1.81% | 1.43% |
Frequently Asked Questions
QDSNX and SLQD have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QDSNX has higher volatility (1.72%) compared to SLQD (0.53%). In terms of maximum drawdown, QDSNX dropped -7.15% vs SLQD's -12.69%.
SLQD currently has the higher Sharpe Ratio (2.96 vs 2.71), 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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