QRPRX vs. BXMIX
Compare and contrast key facts about AQR Alternative Risk Premia R6 (QRPRX) and Blackstone Alternative Multi-Strategy Fund (BXMIX).
QRPRX is an actively managed fund by AQR. It was launched on Sep 19, 2017. BXMIX is managed by Blackstone. It was launched on Jun 15, 2014.
Performance
QRPRX vs. BXMIX - Performance Comparison
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QRPRX vs. BXMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QRPRX AQR Alternative Risk Premia R6 | 9.06% | 23.57% | 18.88% | 7.30% | 25.46% | 14.33% | -20.91% | -2.94% | -4.35% |
BXMIX Blackstone Alternative Multi-Strategy Fund | 0.09% | 10.45% | 7.45% | 7.92% | -4.62% | 5.27% | -1.10% | 6.78% | -1.15% |
Returns By Period
In the year-to-date period, QRPRX achieves a 9.06% return, which is significantly higher than BXMIX's 0.09% return.
QRPRX
- 1D
- 0.40%
- 1M
- -0.20%
- YTD
- 9.06%
- 6M
- 14.21%
- 1Y
- 19.39%
- 3Y*
- 20.26%
- 5Y*
- 17.84%
- 10Y*
- —
BXMIX
- 1D
- 0.55%
- 1M
- -0.90%
- YTD
- 0.09%
- 6M
- 3.67%
- 1Y
- 10.24%
- 3Y*
- 8.35%
- 5Y*
- 4.71%
- 10Y*
- 4.10%
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QRPRX vs. BXMIX - Expense Ratio Comparison
QRPRX has a 4.94% expense ratio, which is higher than BXMIX's 2.33% expense ratio.
Return for Risk
QRPRX vs. BXMIX — Risk / Return Rank
QRPRX
BXMIX
QRPRX vs. BXMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Alternative Risk Premia R6 (QRPRX) and Blackstone Alternative Multi-Strategy Fund (BXMIX). 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.
| QRPRX | BXMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.83 | 2.45 | -0.62 |
Sortino ratioReturn per unit of downside risk | 2.25 | 3.21 | -0.96 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.62 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | 1.94 | 1.95 | -0.01 |
Martin ratioReturn relative to average drawdown | 6.57 | 9.07 | -2.50 |
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
| QRPRX | BXMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 2.45 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.53 | 0.82 | +0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.80 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.74 | +0.02 |
Correlation
The correlation between QRPRX and BXMIX is 0.05, 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
QRPRX vs. BXMIX - Dividend Comparison
QRPRX's dividend yield for the trailing twelve months is around 1.38%, less than BXMIX's 7.74% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QRPRX AQR Alternative Risk Premia R6 | 1.38% | 1.51% | 2.33% | 4.60% | 0.00% | 4.16% | 1.97% | 1.00% | 0.09% | 0.00% | 0.00% | 0.00% |
BXMIX Blackstone Alternative Multi-Strategy Fund | 7.74% | 7.75% | 5.75% | 3.48% | 0.00% | 1.68% | 3.12% | 3.67% | 1.91% | 2.00% | 0.45% | 2.52% |
Drawdowns
QRPRX vs. BXMIX - Drawdown Comparison
The maximum QRPRX drawdown since its inception was -28.21%, which is greater than BXMIX's maximum drawdown of -19.28%. Use the drawdown chart below to compare losses from any high point for QRPRX and BXMIX.
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Drawdown Indicators
| QRPRX | BXMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.21% | -19.28% | -8.93% |
Max Drawdown (1Y)Largest decline over 1 year | -10.74% | -3.53% | -7.21% |
Max Drawdown (5Y)Largest decline over 5 years | -11.24% | -8.56% | -2.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.28% | — |
Current DrawdownCurrent decline from peak | -0.46% | -0.99% | +0.53% |
Average DrawdownAverage peak-to-trough decline | -7.68% | -2.55% | -5.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 1.06% | +2.19% |
Volatility
QRPRX vs. BXMIX - Volatility Comparison
AQR Alternative Risk Premia R6 (QRPRX) has a higher volatility of 2.59% compared to Blackstone Alternative Multi-Strategy Fund (BXMIX) at 1.13%. This indicates that QRPRX's price experiences larger fluctuations and is considered to be riskier than BXMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QRPRX | BXMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 1.13% | +1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 6.47% | 2.49% | +3.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.39% | 5.12% | +6.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.75% | 5.97% | +5.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.38% | 5.24% | +5.14% |