QDSNX vs. USMV
Compare and contrast key facts about AQR Diversifying Strategies Fund Class N (QDSNX) and iShares MSCI USA Minimum Volatility Factor ETF (USMV).
QDSNX is an actively managed fund by AQR Funds. It was launched on Jun 8, 2020. USMV is a passively managed fund by iShares that tracks the performance of the MSCI USA Minimum Volatility Index. It was launched on Oct 18, 2011.
Performance
QDSNX vs. USMV - Performance Comparison
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QDSNX vs. USMV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
QDSNX AQR Diversifying Strategies Fund Class N | 3.15% | 16.14% | 9.56% | 8.62% | 14.48% | 10.35% | 5.40% |
USMV iShares MSCI USA Minimum Volatility Factor ETF | -1.18% | 7.65% | 15.74% | 10.33% | -9.43% | 20.85% | 9.25% |
Returns By Period
In the year-to-date period, QDSNX achieves a 3.15% return, which is significantly higher than USMV's -1.18% return.
QDSNX
- 1D
- 0.35%
- 1M
- -0.83%
- YTD
- 3.15%
- 6M
- 5.90%
- 1Y
- 11.69%
- 3Y*
- 12.58%
- 5Y*
- 10.95%
- 10Y*
- —
USMV
- 1D
- -0.08%
- 1M
- -4.74%
- YTD
- -1.18%
- 6M
- -1.61%
- 1Y
- 0.57%
- 3Y*
- 10.26%
- 5Y*
- 7.59%
- 10Y*
- 9.64%
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QDSNX vs. USMV - Expense Ratio Comparison
QDSNX has a 3.30% expense ratio, which is higher than USMV's 0.15% expense ratio.
Return for Risk
QDSNX vs. USMV — Risk / Return Rank
QDSNX
USMV
QDSNX vs. USMV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Diversifying Strategies Fund Class N (QDSNX) and iShares MSCI USA Minimum Volatility Factor ETF (USMV). 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 | USMV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.95 | 0.05 | +1.91 |
Sortino ratioReturn per unit of downside risk | 2.47 | 0.15 | +2.32 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.02 | +0.39 |
Calmar ratioReturn relative to maximum drawdown | 2.26 | 0.06 | +2.20 |
Martin ratioReturn relative to average drawdown | 9.64 | 0.25 | +9.39 |
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 | USMV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.95 | 0.05 | +1.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.44 | 0.62 | +0.83 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.67 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.59 | 0.85 | +0.74 |
Correlation
The correlation between QDSNX and USMV is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
QDSNX vs. USMV - Dividend Comparison
QDSNX's dividend yield for the trailing twelve months is around 1.93%, more than USMV's 1.59% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QDSNX AQR Diversifying Strategies Fund Class N | 1.93% | 1.99% | 0.00% | 11.18% | 8.01% | 5.99% | 1.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USMV iShares MSCI USA Minimum Volatility Factor ETF | 1.59% | 1.49% | 1.67% | 1.82% | 1.62% | 1.26% | 1.81% | 1.88% | 2.12% | 1.77% | 2.22% | 2.02% |
Drawdowns
QDSNX vs. USMV - Drawdown Comparison
The maximum QDSNX drawdown since its inception was -7.15%, smaller than the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for QDSNX and USMV.
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Drawdown Indicators
| QDSNX | USMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.15% | -33.10% | +25.95% |
Max Drawdown (1Y)Largest decline over 1 year | -5.48% | -8.91% | +3.43% |
Max Drawdown (5Y)Largest decline over 5 years | -7.15% | -17.93% | +10.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.10% | — |
Current DrawdownCurrent decline from peak | -0.96% | -4.87% | +3.91% |
Average DrawdownAverage peak-to-trough decline | -1.49% | -2.88% | +1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 2.03% | -0.73% |
Volatility
QDSNX vs. USMV - Volatility Comparison
The current volatility for AQR Diversifying Strategies Fund Class N (QDSNX) is 1.61%, while iShares MSCI USA Minimum Volatility Factor ETF (USMV) has a volatility of 3.02%. This indicates that QDSNX experiences smaller price fluctuations and is considered to be less risky than USMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QDSNX | USMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 3.02% | -1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 3.69% | 6.07% | -2.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.32% | 12.50% | -6.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.63% | 12.38% | -4.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.37% | 14.51% | -7.14% |