QRPIX vs. QRPRX

Last updated Apr 1, 2026

Compare and contrast key facts about AQR Alternative Risk Premia Fund (QRPIX) and AQR Alternative Risk Premia R6 (QRPRX).

QRPIX is managed by AQR Funds. It was launched on Sep 18, 2017. QRPRX is an actively managed fund by AQR. It was launched on Sep 19, 2017.

Performance

QRPIX vs. QRPRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR Alternative Risk Premia Fund (QRPIX) and AQR Alternative Risk Premia R6 (QRPRX). The values are adjusted to include any dividend payments, if applicable.

QRPIX vs. QRPRX - 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%
QRPRX AQR Alternative Risk Premia R6	8.62%	23.57%	18.88%	7.30%	25.46%	14.33%	-20.91%	-2.94%	-4.35%

Returns By Period

The year-to-date returns for both investments are quite close, with QRPIX having a 8.52% return and QRPRX slightly higher at 8.62%.

QRPIX

• 1D: 0.00%
• 1M: -0.80%
• YTD: 8.52%
• 6M: 13.42%
• 1Y: 20.08%
• 3Y*: 19.92%
• 5Y*: 17.54%
• 10Y*: —

QRPRX

• 1D: 0.00%
• 1M: -0.73%
• YTD: 8.62%
• 6M: 13.50%
• 1Y: 20.23%
• 3Y*: 20.10%
• 5Y*: 17.68%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QRPIX vs. QRPRX - Expense Ratio Comparison

QRPIX has a 1.40% expense ratio, which is lower than QRPRX's 4.94% expense ratio.

QRPRX

AQR Alternative Risk Premia R6

QRPIX

AQR Alternative Risk Premia Fund

Return for Risk

QRPIX vs. QRPRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QRPIX

QRPIX Risk / Return Rank: 82
QRPIX Sharpe Ratio Rank: 89
QRPIX Sortino Ratio Rank: 85
QRPIX Omega Ratio Rank: 87
QRPIX Calmar Ratio Rank: 79
QRPIX Martin Ratio Rank: 68

QRPRX

QRPRX Risk / Return Rank: 81
QRPRX Sharpe Ratio Rank: 89
QRPRX Sortino Ratio Rank: 85
QRPRX Omega Ratio Rank: 87
QRPRX Calmar Ratio Rank: 79
QRPRX Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QRPIX vs. QRPRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR Alternative Risk Premia Fund (QRPIX) and AQR Alternative Risk Premia R6 (QRPRX). 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	QRPRX	Difference
Sharpe ratio Return per unit of total volatility	1.82	1.84	-0.03
Sortino ratio Return per unit of downside risk	2.23	2.27	-0.04
Omega ratio Gain probability vs. loss probability	1.37	1.37	-0.01
Calmar ratio Return relative to maximum drawdown	1.88	1.90	-0.02
Martin ratio Return relative to average drawdown	6.37	6.42	-0.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QRPIX vs. QRPRX - Sharpe Ratio Comparison

The current QRPIX Sharpe Ratio is 1.82, which is comparable to the QRPRX Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of QRPIX and QRPRX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QRPIX	QRPRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.82	1.84	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.50	1.51	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	0.75	-0.01

Correlation

The correlation between QRPIX and QRPRX is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

QRPIX vs. QRPRX - Dividend Comparison

QRPIX's dividend yield for the trailing twelve months is around 1.33%, less than QRPRX's 1.39% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
QRPIX AQR Alternative Risk Premia Fund	1.33%	1.45%	2.24%	4.52%	0.00%	4.08%	1.98%	0.85%	0.09%
QRPRX AQR Alternative Risk Premia R6	1.39%	1.51%	2.33%	4.60%	0.00%	4.16%	1.97%	1.00%	0.09%

Drawdowns

QRPIX vs. QRPRX - Drawdown Comparison

The maximum QRPIX drawdown since its inception was -28.45%, roughly equal to the maximum QRPRX drawdown of -28.21%. Use the drawdown chart below to compare losses from any high point for QRPIX and QRPRX.

Drawdown Indicators

	QRPIX	QRPRX	Difference
Max Drawdown Largest peak-to-trough decline	-28.45%	-28.21%	-0.24%
Max Drawdown (1Y) Largest decline over 1 year	-11.07%	-11.02%	-0.05%
Max Drawdown (5Y) Largest decline over 5 years	-11.29%	-11.24%	-0.05%
Current Drawdown Current decline from peak	-0.93%	-0.86%	-0.07%
Average Drawdown Average peak-to-trough decline	-7.80%	-7.69%	-0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.26%	3.25%	+0.01%

Volatility

QRPIX vs. QRPRX - Volatility Comparison

AQR Alternative Risk Premia Fund (QRPIX) and AQR Alternative Risk Premia R6 (QRPRX) have volatilities of 2.51% and 2.56%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QRPIX	QRPRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.51%	2.56%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	6.47%	6.46%	+0.01%
Volatility (1Y) Calculated over the trailing 1-year period	11.44%	11.41%	+0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.74%	11.76%	-0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.36%	10.38%	-0.02%