QMHNX vs. QSPNX
Compare and contrast key facts about AQR Managed Futures Strategy HV Fund Class N (QMHNX) and AQR Style Premia Alternative Fund Class N (QSPNX).
QMHNX is an actively managed fund by AQR. It was launched on Jul 16, 2013. QSPNX is an actively managed fund by AQR. It was launched on Oct 30, 2013.
Performance
QMHNX vs. QSPNX - Performance Comparison
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QMHNX vs. QSPNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QMHNX AQR Managed Futures Strategy HV Fund Class N | 13.82% | 19.65% | 10.48% | -0.40% | 49.64% | -2.30% | -0.85% | 1.55% | -14.59% | -2.06% |
QSPNX AQR Style Premia Alternative Fund Class N | 9.85% | 14.35% | 21.33% | 12.14% | 30.40% | 24.63% | -22.17% | -8.35% | -12.60% | 11.74% |
Returns By Period
In the year-to-date period, QMHNX achieves a 13.82% return, which is significantly higher than QSPNX's 9.85% return. Over the past 10 years, QMHNX has underperformed QSPNX with an annualized return of 4.69%, while QSPNX has yielded a comparatively higher 6.77% annualized return.
QMHNX
- 1D
- -0.62%
- 1M
- 1.71%
- YTD
- 13.82%
- 6M
- 18.02%
- 1Y
- 25.90%
- 3Y*
- 17.50%
- 5Y*
- 16.03%
- 10Y*
- 4.69%
QSPNX
- 1D
- -0.11%
- 1M
- 3.08%
- YTD
- 9.85%
- 6M
- 12.90%
- 1Y
- 12.64%
- 3Y*
- 19.61%
- 5Y*
- 18.57%
- 10Y*
- 6.77%
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QMHNX vs. QSPNX - Expense Ratio Comparison
QMHNX has a 4.12% expense ratio, which is lower than QSPNX's 6.14% expense ratio.
Return for Risk
QMHNX vs. QSPNX — Risk / Return Rank
QMHNX
QSPNX
QMHNX vs. QSPNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Managed Futures Strategy HV Fund Class N (QMHNX) and AQR Style Premia Alternative Fund Class N (QSPNX). 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.
| QMHNX | QSPNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.89 | 1.35 | +0.55 |
Sortino ratioReturn per unit of downside risk | 2.32 | 1.85 | +0.47 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.25 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 3.27 | 1.68 | +1.58 |
Martin ratioReturn relative to average drawdown | 8.68 | 5.06 | +3.63 |
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
| QMHNX | QSPNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 1.35 | +0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 1.17 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.53 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.59 | -0.24 |
Correlation
The correlation between QMHNX and QSPNX is 0.29, 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
QMHNX vs. QSPNX - Dividend Comparison
QMHNX's dividend yield for the trailing twelve months is around 1.66%, less than QSPNX's 2.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QMHNX AQR Managed Futures Strategy HV Fund Class N | 1.66% | 1.89% | 2.09% | 7.36% | 8.75% | 10.64% | 7.79% | 3.80% | 0.00% | 0.00% | 0.01% | 7.47% |
QSPNX AQR Style Premia Alternative Fund Class N | 2.18% | 2.39% | 6.80% | 23.73% | 22.62% | 12.61% | 0.00% | 1.63% | 0.51% | 6.81% | 1.75% | 5.68% |
Drawdowns
QMHNX vs. QSPNX - Drawdown Comparison
The maximum QMHNX drawdown since its inception was -40.29%, roughly equal to the maximum QSPNX drawdown of -41.79%. Use the drawdown chart below to compare losses from any high point for QMHNX and QSPNX.
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Drawdown Indicators
| QMHNX | QSPNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.29% | -41.79% | +1.50% |
Max Drawdown (1Y)Largest decline over 1 year | -8.40% | -7.78% | -0.62% |
Max Drawdown (5Y)Largest decline over 5 years | -19.23% | -17.17% | -2.06% |
Max Drawdown (10Y)Largest decline over 10 years | -35.34% | -41.79% | +6.45% |
Current DrawdownCurrent decline from peak | -1.23% | -0.21% | -1.02% |
Average DrawdownAverage peak-to-trough decline | -18.52% | -9.72% | -8.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 2.74% | +0.42% |
Volatility
QMHNX vs. QSPNX - Volatility Comparison
AQR Managed Futures Strategy HV Fund Class N (QMHNX) has a higher volatility of 4.04% compared to AQR Style Premia Alternative Fund Class N (QSPNX) at 2.64%. This indicates that QMHNX's price experiences larger fluctuations and is considered to be riskier than QSPNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QMHNX | QSPNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 2.64% | +1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 9.99% | 6.59% | +3.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.17% | 10.11% | +4.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.22% | 15.93% | +1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.46% | 12.76% | +2.70% |