QRPIX vs. JAAAX
Compare and contrast key facts about AQR Alternative Risk Premia Fund (QRPIX) and John Hancock Funds Alternative Asset Allocation Fund (JAAAX).
QRPIX is managed by AQR Funds. It was launched on Sep 18, 2017. JAAAX is managed by John Hancock. It was launched on Jan 1, 2009.
Performance
QRPIX vs. JAAAX - Performance Comparison
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QRPIX vs. JAAAX - 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% |
JAAAX John Hancock Funds Alternative Asset Allocation Fund | 2.10% | 6.18% | 6.59% | 5.85% | -3.12% | 4.77% | 4.36% | 8.95% | -3.36% |
Returns By Period
In the year-to-date period, QRPIX achieves a 8.52% return, which is significantly higher than JAAAX's 2.10% return.
QRPIX
- 1D
- 0.00%
- 1M
- -0.80%
- YTD
- 8.52%
- 6M
- 13.42%
- 1Y
- 20.08%
- 3Y*
- 19.92%
- 5Y*
- 17.54%
- 10Y*
- —
JAAAX
- 1D
- -0.06%
- 1M
- -2.02%
- YTD
- 2.10%
- 6M
- 3.22%
- 1Y
- 7.80%
- 3Y*
- 6.27%
- 5Y*
- 4.12%
- 10Y*
- 4.00%
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QRPIX vs. JAAAX - Expense Ratio Comparison
QRPIX has a 1.40% expense ratio, which is higher than JAAAX's 0.72% expense ratio.
Return for Risk
QRPIX vs. JAAAX — Risk / Return Rank
QRPIX
JAAAX
QRPIX vs. JAAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Alternative Risk Premia Fund (QRPIX) and John Hancock Funds Alternative Asset Allocation Fund (JAAAX). 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 | JAAAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.82 | 1.68 | +0.14 |
Sortino ratioReturn per unit of downside risk | 2.23 | 2.25 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.88 | 1.67 | +0.20 |
Martin ratioReturn relative to average drawdown | 6.37 | 8.43 | -2.06 |
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 | JAAAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | 1.68 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.50 | 0.98 | +0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.92 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.84 | -0.09 |
Correlation
The correlation between QRPIX and JAAAX is 0.05, 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. JAAAX - Dividend Comparison
QRPIX's dividend yield for the trailing twelve months is around 1.33%, less than JAAAX's 1.50% 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% |
JAAAX John Hancock Funds Alternative Asset Allocation Fund | 1.50% | 1.53% | 1.17% | 1.71% | 3.02% | 1.72% | 0.74% | 3.38% | 1.99% | 1.23% | 0.77% | 2.78% |
Drawdowns
QRPIX vs. JAAAX - Drawdown Comparison
The maximum QRPIX drawdown since its inception was -28.45%, which is greater than JAAAX's maximum drawdown of -15.72%. Use the drawdown chart below to compare losses from any high point for QRPIX and JAAAX.
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Drawdown Indicators
| QRPIX | JAAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.45% | -15.72% | -12.73% |
Max Drawdown (1Y)Largest decline over 1 year | -11.07% | -4.43% | -6.64% |
Max Drawdown (5Y)Largest decline over 5 years | -11.29% | -6.28% | -5.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.64% | — |
Current DrawdownCurrent decline from peak | -0.93% | -2.02% | +1.09% |
Average DrawdownAverage peak-to-trough decline | -7.80% | -2.06% | -5.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 0.88% | +2.38% |
Volatility
QRPIX vs. JAAAX - Volatility Comparison
AQR Alternative Risk Premia Fund (QRPIX) has a higher volatility of 2.51% compared to John Hancock Funds Alternative Asset Allocation Fund (JAAAX) at 1.04%. This indicates that QRPIX's price experiences larger fluctuations and is considered to be riskier than JAAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QRPIX | JAAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.51% | 1.04% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 6.47% | 2.72% | +3.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.44% | 4.72% | +6.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.74% | 4.21% | +7.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.36% | 4.37% | +5.99% |