QDSNX vs. USD=X

Last updated Jun 13, 2026

QDSNX (AQR Diversifying Strategies Fund Class N) is Tactical Allocation fund actively managed by AQR Funds, while USD=X (USD Cash) is a currency. Over the past 5 years, QDSNX returned 10.72%/yr vs 0.00%/yr for USD=X.

Performance

QDSNX vs. USD=X - Performance Comparison

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

Returns By Period

QDSNX

• 1D: 0.34%
• 1M: -0.41%
• YTD: 4.87%
• 6M: 6.21%
• 1Y: 13.30%
• 3Y*: 12.84%
• 5Y*: 10.72%
• 10Y*: —

USD=X

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 0.00%
• 3Y*: 0.00%
• 5Y*: 0.00%
• 10Y*: 0.00%

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

QDSNX vs. USD=X - 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%
USD=X USD Cash	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Return for Risk

QDSNX vs. USD=X — Risk / Return Rank

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

QDSNX

QDSNX Risk / Return Rank: 92
QDSNX Sharpe Ratio Rank: 92
QDSNX Sortino Ratio Rank: 90
QDSNX Omega Ratio Rank: 86
QDSNX Calmar Ratio Rank: 98
QDSNX Martin Ratio Rank: 96

USD=X

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

QDSNX vs. USD=X - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR Diversifying Strategies Fund Class N (QDSNX) and USD Cash (USD=X). 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	USD=X	Difference
Sharpe ratio: Return per unit of total volatility	2.71	—	—
Sortino ratio: Return per unit of downside risk	4.02	—	—
Omega ratio: Gain probability vs. loss probability	1.52	—	—
Calmar ratio: Return relative to maximum drawdown	6.97	—	—
Martin ratio: Return relative to average drawdown	19.53	—	—

Drawdowns

QDSNX vs. USD=X - Drawdown Comparison

The maximum QDSNX drawdown since its inception was -7.15%, which is greater than USD=X's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for QDSNX and USD=X.

Drawdown Indicators

	QDSNX	USD=X	Difference
Max Drawdown Largest peak-to-trough decline	-7.15%	0.00%	-7.15%
Max Drawdown (1Y) Largest decline over 1 year	-1.97%	0.00%	-1.97%
Max Drawdown (3Y) Largest decline over 3 years	-6.93%	0.00%	-6.93%
Max Drawdown (5Y) Largest decline over 5 years	-7.15%	0.00%	-7.15%
Max Drawdown (10Y) Largest decline over 10 years	—	0.00%	—
Current Drawdown Current decline from peak	-1.41%	0.00%	-1.41%
Average Drawdown Average peak-to-trough decline	-1.45%	0.00%	-1.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.70%	0.00%	+0.70%

Volatility

QDSNX vs. USD=X - Volatility Comparison

AQR Diversifying Strategies Fund Class N (QDSNX) has a higher volatility of 1.72% compared to USD Cash (USD=X) at 0.00%. This indicates that QDSNX's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QDSNX	USD=X	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.72%	0.00%	+1.72%
Volatility (6M) Calculated over the trailing 6-month period	3.68%	0.00%	+3.68%
Volatility (1Y) Calculated over the trailing 1-year period	5.06%	0.00%	+5.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.64%	0.00%	+7.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.30%	0.00%	+7.30%

Frequently Asked Questions

Which is riskier, QDSNX or USD=X?

QDSNX has higher volatility (1.72%) compared to USD=X (0.00%). In terms of maximum drawdown, QDSNX dropped -7.15% vs USD=X's 0.00%.