QSMLX vs. QSPIX
Compare and contrast key facts about AQR Small Cap Multi-Style Fund (QSMLX) and AQR Style Premia Alternative Fund (QSPIX).
QSMLX is managed by AQR Funds. It was launched on Mar 26, 2013. QSPIX is managed by AQR Funds. It was launched on Oct 29, 2013.
Performance
QSMLX vs. QSPIX - Performance Comparison
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QSMLX vs. QSPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QSMLX AQR Small Cap Multi-Style Fund | -0.44% | 17.41% | 11.02% | 24.01% | -18.31% | 26.54% | 17.99% | 20.42% | -14.26% | 9.33% |
QSPIX AQR Style Premia Alternative Fund | 9.94% | 14.82% | 21.48% | 12.46% | 30.76% | 24.93% | -21.96% | -8.22% | -12.35% | 12.12% |
Returns By Period
In the year-to-date period, QSMLX achieves a -0.44% return, which is significantly lower than QSPIX's 9.94% return. Over the past 10 years, QSMLX has outperformed QSPIX with an annualized return of 10.41%, while QSPIX has yielded a comparatively lower 7.05% annualized return.
QSMLX
- 1D
- -1.53%
- 1M
- -7.52%
- YTD
- -0.44%
- 6M
- 0.79%
- 1Y
- 25.04%
- 3Y*
- 16.69%
- 5Y*
- 7.23%
- 10Y*
- 10.41%
QSPIX
- 1D
- -0.21%
- 1M
- 3.82%
- YTD
- 9.94%
- 6M
- 12.16%
- 1Y
- 13.99%
- 3Y*
- 19.92%
- 5Y*
- 18.65%
- 10Y*
- 7.05%
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QSMLX vs. QSPIX - Expense Ratio Comparison
QSMLX has a 0.72% expense ratio, which is lower than QSPIX's 1.49% expense ratio.
Return for Risk
QSMLX vs. QSPIX — Risk / Return Rank
QSMLX
QSPIX
QSMLX vs. QSPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Small Cap Multi-Style Fund (QSMLX) and AQR Style Premia Alternative Fund (QSPIX). 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.
| QSMLX | QSPIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 1.42 | -0.27 |
Sortino ratioReturn per unit of downside risk | 1.69 | 1.94 | -0.25 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.26 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 1.76 | +0.16 |
Martin ratioReturn relative to average drawdown | 7.14 | 5.29 | +1.85 |
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
| QSMLX | QSPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 1.42 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 1.18 | -0.85 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.55 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.61 | -0.23 |
Correlation
The correlation between QSMLX and QSPIX is -0.05. 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
QSMLX vs. QSPIX - Dividend Comparison
QSMLX's dividend yield for the trailing twelve months is around 10.36%, more than QSPIX's 2.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QSMLX AQR Small Cap Multi-Style Fund | 10.36% | 10.31% | 13.88% | 6.74% | 0.87% | 6.13% | 1.77% | 0.97% | 13.57% | 10.71% | 2.53% | 0.22% |
QSPIX AQR Style Premia Alternative Fund | 2.34% | 2.57% | 6.95% | 23.77% | 22.68% | 12.78% | 0.00% | 1.62% | 0.96% | 7.08% | 1.74% | 5.83% |
Drawdowns
QSMLX vs. QSPIX - Drawdown Comparison
The maximum QSMLX drawdown since its inception was -44.38%, which is greater than QSPIX's maximum drawdown of -41.37%. Use the drawdown chart below to compare losses from any high point for QSMLX and QSPIX.
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Drawdown Indicators
| QSMLX | QSPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.38% | -41.37% | -3.01% |
Max Drawdown (1Y)Largest decline over 1 year | -12.18% | -8.11% | -4.07% |
Max Drawdown (5Y)Largest decline over 5 years | -30.21% | -17.13% | -13.08% |
Max Drawdown (10Y)Largest decline over 10 years | -44.38% | -41.37% | -3.01% |
Current DrawdownCurrent decline from peak | -9.33% | -0.21% | -9.12% |
Average DrawdownAverage peak-to-trough decline | -8.28% | -9.54% | +1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 2.70% | +0.57% |
Volatility
QSMLX vs. QSPIX - Volatility Comparison
AQR Small Cap Multi-Style Fund (QSMLX) has a higher volatility of 6.75% compared to AQR Style Premia Alternative Fund (QSPIX) at 2.61%. This indicates that QSMLX's price experiences larger fluctuations and is considered to be riskier than QSPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QSMLX | QSPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.75% | 2.61% | +4.14% |
Volatility (6M)Calculated over the trailing 6-month period | 14.50% | 6.62% | +7.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.62% | 10.12% | +12.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.50% | 15.98% | +6.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.14% | 12.76% | +10.38% |