QRPNX vs. TNMIX
Compare and contrast key facts about AQR Alternative Risk Premia Fund Class N (QRPNX) and 1290 Multi-Alternative Strategies Fund (TNMIX).
QRPNX is an actively managed fund by AQR. It was launched on Sep 19, 2017. TNMIX is managed by 1290 Funds. It was launched on Jul 5, 2015.
Performance
QRPNX vs. TNMIX - Performance Comparison
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QRPNX vs. TNMIX - 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% |
TNMIX 1290 Multi-Alternative Strategies Fund | 5.36% | 13.48% | 9.21% | 5.46% | -11.18% | 3.24% | 4.52% | 8.62% | -4.36% |
Returns By Period
In the year-to-date period, QRPNX achieves a 9.02% return, which is significantly higher than TNMIX's 5.36% return.
QRPNX
- 1D
- 0.47%
- 1M
- -0.13%
- YTD
- 9.02%
- 6M
- 14.05%
- 1Y
- 19.10%
- 3Y*
- 19.88%
- 5Y*
- 17.45%
- 10Y*
- —
TNMIX
- 1D
- 1.20%
- 1M
- -2.48%
- YTD
- 5.36%
- 6M
- 7.24%
- 1Y
- 17.32%
- 3Y*
- 10.87%
- 5Y*
- 4.18%
- 10Y*
- 3.99%
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QRPNX vs. TNMIX - Expense Ratio Comparison
QRPNX has a 5.29% expense ratio, which is higher than TNMIX's 0.85% expense ratio.
Return for Risk
QRPNX vs. TNMIX — Risk / Return Rank
QRPNX
TNMIX
QRPNX vs. TNMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Alternative Risk Premia Fund Class N (QRPNX) and 1290 Multi-Alternative Strategies Fund (TNMIX). 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 | TNMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.80 | 2.02 | -0.22 |
Sortino ratioReturn per unit of downside risk | 2.22 | 2.76 | -0.54 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.44 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.91 | 3.17 | -1.26 |
Martin ratioReturn relative to average drawdown | 6.45 | 15.55 | -9.10 |
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 | TNMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 2.02 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.50 | 0.55 | +0.95 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.59 | +0.14 |
Correlation
The correlation between QRPNX and TNMIX is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
QRPNX vs. TNMIX - Dividend Comparison
QRPNX's dividend yield for the trailing twelve months is around 1.04%, less than TNMIX's 2.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TNMIX 1290 Multi-Alternative Strategies Fund | 2.06% | 2.18% | 1.57% | 3.38% | 2.86% | 10.67% | 0.78% | 3.06% | 1.24% | 0.37% | 0.62% |
Drawdowns
QRPNX vs. TNMIX - Drawdown Comparison
The maximum QRPNX drawdown since its inception was -28.78%, which is greater than TNMIX's maximum drawdown of -17.21%. Use the drawdown chart below to compare losses from any high point for QRPNX and TNMIX.
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Drawdown Indicators
| QRPNX | TNMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.78% | -17.21% | -11.57% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -5.63% | -5.16% |
Max Drawdown (5Y)Largest decline over 5 years | -11.22% | -16.15% | +4.93% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.21% | — |
Current DrawdownCurrent decline from peak | -0.47% | -2.48% | +2.01% |
Average DrawdownAverage peak-to-trough decline | -8.01% | -3.84% | -4.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 1.15% | +2.11% |
Volatility
QRPNX vs. TNMIX - Volatility Comparison
The current volatility for AQR Alternative Risk Premia Fund Class N (QRPNX) is 2.56%, while 1290 Multi-Alternative Strategies Fund (TNMIX) has a volatility of 3.15%. This indicates that QRPNX experiences smaller price fluctuations and is considered to be less risky than TNMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QRPNX | TNMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.56% | 3.15% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 6.48% | 6.72% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.41% | 8.78% | +2.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.69% | 7.66% | +4.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.33% | 7.12% | +3.21% |