QSPIX vs. FLSP
Compare and contrast key facts about AQR Style Premia Alternative Fund (QSPIX) and Franklin Liberty Systematic Style Premia ETF (FLSP).
QSPIX is managed by AQR Funds. It was launched on Oct 29, 2013. FLSP is an actively managed fund by Franklin Templeton. It was launched on Dec 18, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QSPIX or FLSP.
Correlation
The correlation between QSPIX and FLSP is 0.20, 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.
Performance
QSPIX vs. FLSP - Performance Comparison
Key characteristics
QSPIX:
0.65
FLSP:
0.70
QSPIX:
0.88
FLSP:
1.12
QSPIX:
1.14
FLSP:
1.15
QSPIX:
0.85
FLSP:
1.63
QSPIX:
2.33
FLSP:
4.10
QSPIX:
3.96%
FLSP:
2.32%
QSPIX:
14.11%
FLSP:
13.56%
QSPIX:
-41.37%
FLSP:
-22.75%
QSPIX:
-10.60%
FLSP:
-2.77%
Returns By Period
In the year-to-date period, QSPIX achieves a 10.96% return, which is significantly higher than FLSP's 10.12% return.
QSPIX
10.96%
-6.87%
-9.32%
10.64%
9.32%
4.61%
FLSP
10.12%
-0.50%
-0.56%
10.06%
N/A
N/A
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QSPIX vs. FLSP - Expense Ratio Comparison
QSPIX has a 1.49% expense ratio, which is higher than FLSP's 0.65% expense ratio.
Risk-Adjusted Performance
QSPIX vs. FLSP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Style Premia Alternative Fund (QSPIX) and Franklin Liberty Systematic Style Premia ETF (FLSP). 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.
Dividends
QSPIX vs. FLSP - Dividend Comparison
Neither QSPIX nor FLSP has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QSPIX AQR Style Premia Alternative Fund | 0.00% | 23.67% | 22.69% | 12.79% | 0.00% | 1.62% | 0.96% | 7.08% | 1.74% | 5.83% | 12.86% | 2.25% |
FLSP Franklin Liberty Systematic Style Premia ETF | 0.00% | 1.19% | 2.18% | 1.20% | 8.08% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QSPIX vs. FLSP - Drawdown Comparison
The maximum QSPIX drawdown since its inception was -41.37%, which is greater than FLSP's maximum drawdown of -22.75%. Use the drawdown chart below to compare losses from any high point for QSPIX and FLSP. For additional features, visit the drawdowns tool.
Volatility
QSPIX vs. FLSP - Volatility Comparison
AQR Style Premia Alternative Fund (QSPIX) has a higher volatility of 8.54% compared to Franklin Liberty Systematic Style Premia ETF (FLSP) at 2.76%. This indicates that QSPIX's price experiences larger fluctuations and is considered to be riskier than FLSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.