QRPNX vs. GIMMX
Compare and contrast key facts about AQR Alternative Risk Premia Fund Class N (QRPNX) and Goldman Sachs Multi-Manager Alternatives Fund (GIMMX).
QRPNX is an actively managed fund by AQR. It was launched on Sep 19, 2017. GIMMX is managed by Goldman Sachs. It was launched on Apr 29, 2013.
Performance
QRPNX vs. GIMMX - Performance Comparison
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QRPNX vs. GIMMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QRPNX AQR Alternative Risk Premia Fund Class N | 9.02% | 23.09% | 18.64% | 6.94% | 24.83% | 14.04% | -21.20% | -3.25% | -4.58% |
GIMMX Goldman Sachs Multi-Manager Alternatives Fund | 0.28% | 15.44% | -4.85% | 2.78% | -4.72% | 6.14% | 6.45% | 7.60% | -3.23% |
Returns By Period
In the year-to-date period, QRPNX achieves a 9.02% return, which is significantly higher than GIMMX's 0.28% return.
QRPNX
- 1D
- 0.47%
- 1M
- -0.13%
- YTD
- 9.02%
- 6M
- 14.05%
- 1Y
- 19.10%
- 3Y*
- 19.88%
- 5Y*
- 17.45%
- 10Y*
- —
GIMMX
- 1D
- 0.84%
- 1M
- -2.25%
- YTD
- 0.28%
- 6M
- 1.94%
- 1Y
- 9.92%
- 3Y*
- 4.34%
- 5Y*
- 2.87%
- 10Y*
- 2.80%
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QRPNX vs. GIMMX - Expense Ratio Comparison
QRPNX has a 5.29% expense ratio, which is higher than GIMMX's 1.93% expense ratio.
Return for Risk
QRPNX vs. GIMMX — Risk / Return Rank
QRPNX
GIMMX
QRPNX vs. GIMMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Alternative Risk Premia Fund Class N (QRPNX) and Goldman Sachs Multi-Manager Alternatives Fund (GIMMX). 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.
| QRPNX | GIMMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.80 | 1.16 | +0.64 |
Sortino ratioReturn per unit of downside risk | 2.22 | 1.70 | +0.51 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.23 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.91 | 2.35 | -0.44 |
Martin ratioReturn relative to average drawdown | 6.45 | 7.38 | -0.93 |
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
| QRPNX | GIMMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 1.16 | +0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.50 | 0.49 | +1.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.40 | +0.33 |
Correlation
The correlation between QRPNX and GIMMX is 0.06, 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
QRPNX vs. GIMMX - Dividend Comparison
QRPNX's dividend yield for the trailing twelve months is around 1.04%, less than GIMMX's 8.35% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QRPNX AQR Alternative Risk Premia Fund Class N | 1.04% | 1.14% | 2.04% | 4.33% | 0.00% | 3.84% | 1.98% | 0.57% | 0.07% | 0.00% | 0.00% | 0.00% |
GIMMX Goldman Sachs Multi-Manager Alternatives Fund | 8.35% | 8.38% | 5.08% | 3.43% | 0.42% | 0.00% | 0.00% | 0.97% | 0.00% | 0.00% | 1.83% | 0.72% |
Drawdowns
QRPNX vs. GIMMX - Drawdown Comparison
The maximum QRPNX drawdown since its inception was -28.78%, which is greater than GIMMX's maximum drawdown of -12.67%. Use the drawdown chart below to compare losses from any high point for QRPNX and GIMMX.
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Drawdown Indicators
| QRPNX | GIMMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.78% | -12.67% | -16.11% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -4.18% | -6.61% |
Max Drawdown (5Y)Largest decline over 5 years | -11.22% | -12.67% | +1.45% |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.67% | — |
Current DrawdownCurrent decline from peak | -0.47% | -3.38% | +2.91% |
Average DrawdownAverage peak-to-trough decline | -8.01% | -4.24% | -3.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 1.33% | +1.93% |
Volatility
QRPNX vs. GIMMX - Volatility Comparison
AQR Alternative Risk Premia Fund Class N (QRPNX) and Goldman Sachs Multi-Manager Alternatives Fund (GIMMX) have volatilities of 2.56% and 2.60%, 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.
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Volatility by Period
| QRPNX | GIMMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.56% | 2.60% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 6.48% | 7.52% | -1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.41% | 8.45% | +2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.69% | 5.88% | +5.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.33% | 5.45% | +4.88% |