QRPNX vs. QTUM

Last updated Jun 9, 2026

QRPNX (AQR Alternative Risk Premia Fund Class N) and QTUM (Defiance Quantum ETF) are both funds - QRPNX is a Multistrategy fund actively managed by AQR, while QTUM is a Technology Equities fund tracking the BlueStar Machine Learning and Quantum Computing Index. QRPNX is actively managed, while QTUM is passively managed. Over the past 5 years, QRPNX returned 19.20%/yr vs 27.81%/yr for QTUM. At a correlation of -0.07, they often move in opposite directions. QRPNX charges 5.29%/yr vs 0.40%/yr for QTUM.

Performance

QRPNX vs. QTUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR Alternative Risk Premia Fund Class N (QRPNX) and Defiance Quantum ETF (QTUM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QRPNX achieves a 18.48% return, which is significantly lower than QTUM's 44.14% return.

QRPNX

• 1D: -0.31%
• 1M: 2.86%
• YTD: 18.48%
• 6M: 20.83%
• 1Y: 35.00%
• 3Y*: 23.21%
• 5Y*: 19.20%
• 10Y*: —

QTUM

• 1D: 3.25%
• 1M: 8.85%
• YTD: 44.14%
• 6M: 39.20%
• 1Y: 80.80%
• 3Y*: 48.48%
• 5Y*: 27.81%
• 10Y*: —

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

QRPNX vs. QTUM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
QRPNX AQR Alternative Risk Premia Fund Class N	18.48%	23.09%	18.64%	6.94%	24.83%	14.04%	-21.20%	-3.25%	-0.47%
QTUM Defiance Quantum ETF	44.14%	36.65%	50.54%	39.86%	-28.80%	35.18%	42.05%	47.99%	-19.44%

Correlation

The correlation between QRPNX and QTUM is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	-0.11
Correlation (All Time) Calculated using the full available price history since Sep 5, 2018	-0.07

The correlation between QRPNX and QTUM shifts across timeframes, from -0.11 (5 years) to 0.19 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

QRPNX vs. QTUM — Risk / Return Rank

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

QRPNX

QRPNX Risk / Return Rank: 97
QRPNX Sharpe Ratio Rank: 98
QRPNX Sortino Ratio Rank: 97
QRPNX Omega Ratio Rank: 93
QRPNX Calmar Ratio Rank: 99
QRPNX Martin Ratio Rank: 98

QTUM

QTUM Risk / Return Rank: 89
QTUM Sharpe Ratio Rank: 92
QTUM Sortino Ratio Rank: 84
QTUM Omega Ratio Rank: 85
QTUM Calmar Ratio Rank: 91
QTUM Martin Ratio Rank: 91

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.

QRPNX vs. QTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR Alternative Risk Premia Fund Class N (QRPNX) and Defiance Quantum ETF (QTUM). 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	QTUM	Difference
Sharpe ratio: Return per unit of total volatility	3.81	2.94	+0.88
Sortino ratio: Return per unit of downside risk	5.56	3.42	+2.14
Omega ratio: Gain probability vs. loss probability	1.69	1.47	+0.22
Calmar ratio: Return relative to maximum drawdown	10.01	5.32	+4.69
Martin ratio: Return relative to average drawdown	28.84	19.76	+9.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QRPNX vs. QTUM - Sharpe Ratio Comparison

The current QRPNX Sharpe Ratio is 3.81, which is comparable to the QTUM Sharpe Ratio of 2.94. The chart below compares the historical Sharpe Ratios of QRPNX and QTUM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QRPNX	QTUM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.81	2.94	+0.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.64	1.04	+0.60
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	1.03	-0.21

Drawdowns

QRPNX vs. QTUM - Drawdown Comparison

The maximum QRPNX drawdown since its inception was -28.78%, smaller than the maximum QTUM drawdown of -38.45%. Use the drawdown chart below to compare losses from any high point for QRPNX and QTUM.

Drawdown Indicators

	QRPNX	QTUM	Difference
Max Drawdown Largest peak-to-trough decline	-28.78%	-38.45%	+9.67%
Max Drawdown (1Y) Largest decline over 1 year	-3.51%	-15.26%	+11.75%
Max Drawdown (3Y) Largest decline over 3 years	-11.22%	-25.39%	+14.17%
Max Drawdown (5Y) Largest decline over 5 years	-11.22%	-38.45%	+27.23%
Current Drawdown Current decline from peak	-0.98%	-6.53%	+5.55%
Average Drawdown Average peak-to-trough decline	-7.84%	-8.25%	+0.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.22%	4.10%	-2.88%

Volatility

QRPNX vs. QTUM - Volatility Comparison

The current volatility for AQR Alternative Risk Premia Fund Class N (QRPNX) is 2.79%, while Defiance Quantum ETF (QTUM) has a volatility of 13.41%. This indicates that QRPNX experiences smaller price fluctuations and is considered to be less risky than QTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QRPNX	QTUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.79%	13.41%	-10.62%
Volatility (6M) Calculated over the trailing 6-month period	6.69%	22.31%	-15.62%
Volatility (1Y) Calculated over the trailing 1-year period	9.22%	27.73%	-18.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.76%	26.85%	-15.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.32%	27.34%	-17.02%

QRPNX vs. QTUM - Expense Ratio Comparison

QRPNX has a 5.29% expense ratio, which is higher than QTUM's 0.40% expense ratio.

Dividends

QRPNX vs. QTUM - Dividend Comparison

QRPNX's dividend yield for the trailing twelve months is around 0.96%, more than QTUM's 0.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
QRPNX AQR Alternative Risk Premia Fund Class N	0.96%	1.14%	2.04%	4.33%	0.00%	3.84%	1.98%	0.57%	0.07%
QTUM Defiance Quantum ETF	0.74%	1.01%	0.61%	0.81%	1.46%	0.48%	0.42%	0.61%	0.21%

Frequently Asked Questions

Can I hold both QRPNX and QTUM in my portfolio?

QRPNX and QTUM have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QRPNX or QTUM?

QTUM has higher volatility (13.41%) compared to QRPNX (2.79%). In terms of maximum drawdown, QRPNX dropped -28.78% vs QTUM's -38.45%.

Which has better risk-adjusted returns?

QRPNX currently has the higher Sharpe Ratio (3.81 vs 2.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.