PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
QRPRX vs. ADAIX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

QRPRX vs. ADAIX

Last updated Apr 1, 2026

Compare and contrast key facts about AQR Alternative Risk Premia R6 (QRPRX) and AQR Diversified Arbitrage Fund Class I (ADAIX).

QRPRX is an actively managed fund by AQR. It was launched on Sep 19, 2017. ADAIX is an actively managed fund by AQR Funds. It was launched on Jan 15, 2009.

Performance

QRPRX vs. ADAIX - Performance Comparison

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

Loading graphics...

QRPRX vs. ADAIX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
QRPRX
AQR Alternative Risk Premia R6		8.62%23.57%18.88%7.30%25.46%14.33%-20.91%-2.94%-4.35%
ADAIX
AQR Diversified Arbitrage Fund Class I		0.78%8.03%3.19%4.51%-3.30%6.27%25.24%8.53%0.32%

Returns By Period

In the year-to-date period, QRPRX achieves a 8.62% return, which is significantly higher than ADAIX's 0.78% return.

QRPRX

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

ADAIX

1D
-0.15%
1M
0.08%
YTD
0.78%
6M
2.60%
1Y
6.24%
3Y*
5.17%
5Y*
2.72%
10Y*
6.75%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

AQR Alternative Risk Premia R6

AQR Diversified Arbitrage Fund Class I

Often compared with QRPRX:
QRPRX vs. FABZXQRPRX vs. TNMAXQRPRX vs. SRDAXQRPRX vs. QRPIXQRPRX vs. QMHNXQRPRX vs. QRPNXQRPRX vs. RMDFX
Often compared with ADAIX:
ADAIX vs. QMNIXADAIX vs. QGMIXADAIX vs. QSPIXADAIX vs. PIMIXADAIX vs. AQMIXADAIX vs. QRPIXADAIX vs. QLEIX

QRPRX vs. ADAIX - Expense Ratio Comparison

QRPRX has a 4.94% expense ratio, which is higher than ADAIX's 1.38% expense ratio.

QRPRX
AQR Alternative Risk Premia R6
ADAIX
AQR Diversified Arbitrage Fund Class I

Return for Risk

QRPRX vs. ADAIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QRPRX
QRPRX Risk / Return Rank: 8181
Overall Rank
QRPRX Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
QRPRX Sortino Ratio Rank: 8585
Sortino Ratio Rank
QRPRX Omega Ratio Rank: 8787
Omega Ratio Rank
QRPRX Calmar Ratio Rank: 7979
Calmar Ratio Rank
QRPRX Martin Ratio Rank: 6767
Martin Ratio Rank
ADAIX
ADAIX Risk / Return Rank: 9999
Overall Rank
ADAIX Sharpe Ratio Rank: 100100
Sharpe Ratio Rank
ADAIX Sortino Ratio Rank: 9999
Sortino Ratio Rank
ADAIX Omega Ratio Rank: 9898
Omega Ratio Rank
ADAIX Calmar Ratio Rank: 9999
Calmar Ratio Rank
ADAIX Martin Ratio Rank: 9999
Martin Ratio Rank
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.

QRPRX vs. ADAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR Alternative Risk Premia R6 (QRPRX) and AQR Diversified Arbitrage Fund Class I (ADAIX). 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.

QRPRXADAIXDifference

Sharpe ratio

Return per unit of total volatility

1.84

4.19

-2.34

Sortino ratio

Return per unit of downside risk

2.27

6.86

-4.59

Omega ratio

Gain probability vs. loss probability

1.37

2.06

-0.69

Calmar ratio

Return relative to maximum drawdown

1.90

9.83

-7.93

Martin ratio

Return relative to average drawdown

6.42

37.48

-31.06

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QRPRX vs. ADAIX - Sharpe Ratio Comparison

The current QRPRX Sharpe Ratio is 1.84, which is lower than the ADAIX Sharpe Ratio of 4.19. The chart below compares the historical Sharpe Ratios of QRPRX and ADAIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

QRPRXADAIXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.84

4.19

-2.34

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.51

1.02

+0.49

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

1.56

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.75

1.19

-0.43

Correlation

The correlation between QRPRX and ADAIX is -0.11. 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

QRPRX vs. ADAIX - Dividend Comparison

QRPRX's dividend yield for the trailing twelve months is around 1.39%, less than ADAIX's 2.10% yield.

TTM20252024202320222021202020192018201720162015
QRPRX
AQR Alternative Risk Premia R6		1.39%1.51%2.33%4.60%0.00%4.16%1.97%1.00%0.09%0.00%0.00%0.00%
ADAIX
AQR Diversified Arbitrage Fund Class I		2.10%2.12%1.23%2.74%0.10%0.65%1.60%2.11%6.53%7.17%7.18%4.93%

Drawdowns

QRPRX vs. ADAIX - Drawdown Comparison

The maximum QRPRX drawdown since its inception was -28.21%, which is greater than ADAIX's maximum drawdown of -14.75%. Use the drawdown chart below to compare losses from any high point for QRPRX and ADAIX.

Loading graphics...

Drawdown Indicators

QRPRXADAIXDifference

Max Drawdown

Largest peak-to-trough decline

-28.21%

-14.75%

-13.46%

Max Drawdown (1Y)

Largest decline over 1 year

-11.02%

-0.64%

-10.38%

Max Drawdown (5Y)

Largest decline over 5 years

-11.24%

-7.40%

-3.84%

Max Drawdown (10Y)

Largest decline over 10 years

—

-14.75%

—

Current Drawdown

Current decline from peak

-0.86%

-0.31%

-0.55%

Average Drawdown

Average peak-to-trough decline

-7.69%

-2.85%

-4.84%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.25%

0.17%

+3.08%

Volatility

QRPRX vs. ADAIX - Volatility Comparison

AQR Alternative Risk Premia R6 (QRPRX) has a higher volatility of 2.56% compared to AQR Diversified Arbitrage Fund Class I (ADAIX) at 0.38%. This indicates that QRPRX's price experiences larger fluctuations and is considered to be riskier than ADAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

QRPRXADAIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.56%

0.38%

+2.18%

Volatility (6M)

Calculated over the trailing 6-month period

6.46%

1.11%

+5.35%

Volatility (1Y)

Calculated over the trailing 1-year period

11.41%

1.54%

+9.87%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.76%

2.69%

+9.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

10.38%

4.33%

+6.05%