Correlation
The correlation between QRPIX and ACWV is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
QRPIX vs. ACWV
Compare and contrast key facts about AQR Alternative Risk Premia Fund (QRPIX) and iShares MSCI Global Min Vol Factor ETF (ACWV).
QRPIX is managed by AQR Funds. It was launched on Sep 18, 2017. ACWV is a passively managed fund by iShares that tracks the performance of the MSCI AC World Minimum Volatility (USD). It was launched on Oct 18, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QRPIX or ACWV.
Performance
QRPIX vs. ACWV - Performance Comparison
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Key characteristics
QRPIX:
0.27
ACWV:
1.56
QRPIX:
0.48
ACWV:
1.88
QRPIX:
1.08
ACWV:
1.28
QRPIX:
0.39
ACWV:
2.02
QRPIX:
0.95
ACWV:
8.58
QRPIX:
4.63%
ACWV:
1.78%
QRPIX:
13.26%
ACWV:
11.14%
QRPIX:
-31.96%
ACWV:
-28.82%
QRPIX:
-4.63%
ACWV:
-0.88%
Returns By Period
In the year-to-date period, QRPIX achieves a 7.52% return, which is significantly lower than ACWV's 8.10% return.
QRPIX
7.52%
1.50%
9.34%
3.51%
12.72%
12.44%
N/A
ACWV
8.10%
1.50%
4.05%
17.18%
8.17%
8.18%
7.44%
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QRPIX vs. ACWV - Expense Ratio Comparison
QRPIX has a 1.40% expense ratio, which is higher than ACWV's 0.20% expense ratio.
Risk-Adjusted Performance
QRPIX vs. ACWV — Risk-Adjusted Performance Rank
QRPIX
ACWV
QRPIX vs. ACWV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Alternative Risk Premia Fund (QRPIX) and iShares MSCI Global Min Vol Factor ETF (ACWV). 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.
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Dividends
QRPIX vs. ACWV - Dividend Comparison
QRPIX's dividend yield for the trailing twelve months is around 2.09%, less than ACWV's 2.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QRPIX AQR Alternative Risk Premia Fund | 2.09% | 2.24% | 4.50% | 0.00% | 4.08% | 1.98% | 0.85% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% |
ACWV iShares MSCI Global Min Vol Factor ETF | 2.16% | 2.33% | 2.41% | 2.18% | 1.92% | 1.77% | 2.54% | 2.32% | 2.04% | 2.56% | 2.28% | 2.23% |
Drawdowns
QRPIX vs. ACWV - Drawdown Comparison
The maximum QRPIX drawdown since its inception was -31.96%, which is greater than ACWV's maximum drawdown of -28.82%. Use the drawdown chart below to compare losses from any high point for QRPIX and ACWV.
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Volatility
QRPIX vs. ACWV - Volatility Comparison
The current volatility for AQR Alternative Risk Premia Fund (QRPIX) is 2.16%, while iShares MSCI Global Min Vol Factor ETF (ACWV) has a volatility of 3.08%. This indicates that QRPIX experiences smaller price fluctuations and is considered to be less risky than ACWV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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