QRPIX vs. CSQAX
Compare and contrast key facts about AQR Alternative Risk Premia Fund (QRPIX) and Credit Suisse Multialternative Strategy Fund Class A Shares (CSQAX).
QRPIX is managed by AQR Funds. It was launched on Sep 18, 2017. CSQAX is a passively managed fund by Credit Suisse that tracks the performance of the Credit Suisse Liquid Alternative Beta Index. It was launched on Mar 30, 2012.
Performance
QRPIX vs. CSQAX - Performance Comparison
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QRPIX vs. CSQAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QRPIX AQR Alternative Risk Premia Fund | 8.52% | 23.39% | 18.85% | 7.23% | 25.26% | 14.27% | -21.04% | -2.98% | -4.46% |
CSQAX Credit Suisse Multialternative Strategy Fund Class A Shares | 0.95% | 0.73% | 0.66% | 1.72% | 5.52% | 9.98% | 6.10% | 2.88% | -2.87% |
Returns By Period
In the year-to-date period, QRPIX achieves a 8.52% return, which is significantly higher than CSQAX's 0.95% return.
QRPIX
- 1D
- 0.00%
- 1M
- -0.80%
- YTD
- 8.52%
- 6M
- 13.42%
- 1Y
- 20.08%
- 3Y*
- 19.92%
- 5Y*
- 17.54%
- 10Y*
- —
CSQAX
- 1D
- -0.35%
- 1M
- -4.69%
- YTD
- 0.95%
- 6M
- 1.62%
- 1Y
- -1.45%
- 3Y*
- 2.50%
- 5Y*
- 2.91%
- 10Y*
- 3.09%
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QRPIX vs. CSQAX - Expense Ratio Comparison
QRPIX has a 1.40% expense ratio, which is lower than CSQAX's 1.74% expense ratio.
Return for Risk
QRPIX vs. CSQAX — Risk / Return Rank
QRPIX
CSQAX
QRPIX vs. CSQAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Alternative Risk Premia Fund (QRPIX) and Credit Suisse Multialternative Strategy Fund Class A Shares (CSQAX). 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.
| QRPIX | CSQAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.82 | -0.15 | +1.96 |
Sortino ratioReturn per unit of downside risk | 2.23 | -0.15 | +2.38 |
Omega ratioGain probability vs. loss probability | 1.37 | 0.98 | +0.38 |
Calmar ratioReturn relative to maximum drawdown | 1.88 | -0.24 | +2.12 |
Martin ratioReturn relative to average drawdown | 6.37 | -0.39 | +6.76 |
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
| QRPIX | CSQAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | -0.15 | +1.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.50 | 0.46 | +1.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.49 | +0.25 |
Correlation
The correlation between QRPIX and CSQAX is 0.15, 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
QRPIX vs. CSQAX - Dividend Comparison
QRPIX's dividend yield for the trailing twelve months is around 1.33%, more than CSQAX's 1.08% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QRPIX AQR Alternative Risk Premia Fund | 1.33% | 1.45% | 2.24% | 4.52% | 0.00% | 4.08% | 1.98% | 0.85% | 0.09% | 0.00% | 0.00% | 0.00% |
CSQAX Credit Suisse Multialternative Strategy Fund Class A Shares | 1.08% | 1.09% | 6.54% | 2.73% | 2.59% | 9.06% | 13.23% | 4.77% | 1.84% | 5.27% | 1.87% | 0.24% |
Drawdowns
QRPIX vs. CSQAX - Drawdown Comparison
The maximum QRPIX drawdown since its inception was -28.45%, which is greater than CSQAX's maximum drawdown of -8.37%. Use the drawdown chart below to compare losses from any high point for QRPIX and CSQAX.
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Drawdown Indicators
| QRPIX | CSQAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.45% | -8.37% | -20.08% |
Max Drawdown (1Y)Largest decline over 1 year | -11.07% | -5.05% | -6.02% |
Max Drawdown (5Y)Largest decline over 5 years | -11.29% | -7.28% | -4.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.37% | — |
Current DrawdownCurrent decline from peak | -0.93% | -4.69% | +3.76% |
Average DrawdownAverage peak-to-trough decline | -7.80% | -2.07% | -5.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 3.16% | +0.10% |
Volatility
QRPIX vs. CSQAX - Volatility Comparison
The current volatility for AQR Alternative Risk Premia Fund (QRPIX) is 2.51%, while Credit Suisse Multialternative Strategy Fund Class A Shares (CSQAX) has a volatility of 3.03%. This indicates that QRPIX experiences smaller price fluctuations and is considered to be less risky than CSQAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QRPIX | CSQAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.51% | 3.03% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 6.47% | 5.78% | +0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.44% | 7.60% | +3.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.74% | 6.33% | +5.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.36% | 5.98% | +4.38% |