QRPRX vs. QSPNX
Compare and contrast key facts about AQR Alternative Risk Premia R6 (QRPRX) and AQR Style Premia Alternative Fund Class N (QSPNX).
QRPRX is an actively managed fund by AQR. It was launched on Sep 19, 2017. QSPNX is an actively managed fund by AQR. It was launched on Oct 30, 2013.
Performance
QRPRX vs. QSPNX - Performance Comparison
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QRPRX vs. QSPNX - 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% |
QSPNX AQR Style Premia Alternative Fund Class N | 9.85% | 14.35% | 21.33% | 12.14% | 30.40% | 24.63% | -22.17% | -8.35% | -10.97% |
Returns By Period
In the year-to-date period, QRPRX achieves a 9.06% return, which is significantly lower than QSPNX's 9.85% return.
QRPRX
- 1D
- 0.40%
- 1M
- -0.20%
- YTD
- 9.06%
- 6M
- 14.21%
- 1Y
- 19.39%
- 3Y*
- 20.26%
- 5Y*
- 17.84%
- 10Y*
- —
QSPNX
- 1D
- -0.11%
- 1M
- 3.08%
- YTD
- 9.85%
- 6M
- 12.90%
- 1Y
- 12.64%
- 3Y*
- 19.61%
- 5Y*
- 18.57%
- 10Y*
- 6.77%
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QRPRX vs. QSPNX - Expense Ratio Comparison
QRPRX has a 4.94% expense ratio, which is lower than QSPNX's 6.14% expense ratio.
Return for Risk
QRPRX vs. QSPNX — Risk / Return Rank
QRPRX
QSPNX
QRPRX vs. QSPNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Alternative Risk Premia R6 (QRPRX) and AQR Style Premia Alternative Fund Class N (QSPNX). 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 | QSPNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.83 | 1.35 | +0.48 |
Sortino ratioReturn per unit of downside risk | 2.25 | 1.85 | +0.40 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.25 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.94 | 1.68 | +0.26 |
Martin ratioReturn relative to average drawdown | 6.57 | 5.06 | +1.51 |
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 | QSPNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 1.35 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.53 | 1.17 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.59 | +0.17 |
Correlation
The correlation between QRPRX and QSPNX is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
QRPRX vs. QSPNX - Dividend Comparison
QRPRX's dividend yield for the trailing twelve months is around 1.38%, less than QSPNX's 2.18% 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% |
QSPNX AQR Style Premia Alternative Fund Class N | 2.18% | 2.39% | 6.80% | 23.73% | 22.62% | 12.61% | 0.00% | 1.63% | 0.51% | 6.81% | 1.75% | 5.68% |
Drawdowns
QRPRX vs. QSPNX - Drawdown Comparison
The maximum QRPRX drawdown since its inception was -28.21%, smaller than the maximum QSPNX drawdown of -41.79%. Use the drawdown chart below to compare losses from any high point for QRPRX and QSPNX.
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Drawdown Indicators
| QRPRX | QSPNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.21% | -41.79% | +13.58% |
Max Drawdown (1Y)Largest decline over 1 year | -10.74% | -7.78% | -2.96% |
Max Drawdown (5Y)Largest decline over 5 years | -11.24% | -17.17% | +5.93% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.79% | — |
Current DrawdownCurrent decline from peak | -0.46% | -0.21% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -7.68% | -9.72% | +2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 2.74% | +0.51% |
Volatility
QRPRX vs. QSPNX - Volatility Comparison
AQR Alternative Risk Premia R6 (QRPRX) and AQR Style Premia Alternative Fund Class N (QSPNX) have volatilities of 2.59% and 2.64%, 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
| QRPRX | QSPNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 2.64% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 6.47% | 6.59% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.39% | 10.11% | +1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.75% | 15.93% | -4.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.38% | 12.76% | -2.38% |