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.
Key characteristics
| QSPIX | FLSP | |
|---|---|---|
| YTD Return | 19.74% | 12.48% |
| 1Y Return | 14.97% | 9.61% |
| 3Y Return (Ann) | 25.63% | 6.28% |
| Sharpe Ratio | 1.11 | 0.60 |
| Sortino Ratio | 1.58 | 0.97 |
| Omega Ratio | 1.20 | 1.13 |
| Calmar Ratio | 1.43 | 1.39 |
| Martin Ratio | 3.61 | 3.36 |
| Ulcer Index | 3.69% | 2.51% |
| Daily Std Dev | 11.96% | 14.00% |
| Max Drawdown | -41.37% | -22.75% |
| Current Drawdown | -3.53% | -0.69% |
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
In the year-to-date period, QSPIX achieves a 19.74% return, which is significantly higher than FLSP's 12.48% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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
QSPIX's dividend yield for the trailing twelve months is around 19.77%, more than FLSP's 1.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QSPIX AQR Style Premia Alternative Fund | 19.77% | 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 | 1.06% | 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
The current volatility for AQR Style Premia Alternative Fund (QSPIX) is 2.28%, while Franklin Liberty Systematic Style Premia ETF (FLSP) has a volatility of 3.09%. This indicates that QSPIX experiences smaller price fluctuations and is considered to be less risky than FLSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.