QSPIX vs. QDSIX
Compare and contrast key facts about AQR Style Premia Alternative Fund (QSPIX) and AQR Diversifying Strategies Fund (QDSIX).
QSPIX is managed by AQR Funds. It was launched on Oct 29, 2013. QDSIX is managed by AQR Funds. It was launched on Jun 7, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QSPIX or QDSIX.
Key characteristics
| QSPIX | QDSIX | |
|---|---|---|
| YTD Return | 18.80% | 10.96% |
| 1Y Return | 14.74% | -0.16% |
| 3Y Return (Ann) | 21.53% | 7.61% |
| Sharpe Ratio | 0.48 | 0.01 |
| Daily Std Dev | 31.66% | 11.74% |
| Max Drawdown | -41.37% | -11.30% |
| Current Drawdown | -5.05% | -2.43% |
Correlation
The correlation between QSPIX and QDSIX is 0.78, 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.
Performance
QSPIX vs. QDSIX - Performance Comparison
In the year-to-date period, QSPIX achieves a 18.80% return, which is significantly higher than QDSIX's 10.96% 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. QDSIX - Expense Ratio Comparison
QSPIX has a 1.49% expense ratio, which is higher than QDSIX's 0.20% expense ratio.
Risk-Adjusted Performance
QSPIX vs. QDSIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Style Premia Alternative Fund (QSPIX) and AQR Diversifying Strategies Fund (QDSIX). 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. QDSIX - Dividend Comparison
QSPIX's dividend yield for the trailing twelve months is around 20.01%, more than QDSIX's 10.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QSPIX AQR Style Premia Alternative Fund | 20.01% | 23.77% | 22.68% | 12.78% | 0.00% | 1.62% | 0.97% | 7.08% | 1.74% | 5.83% | 14.75% | 2.25% |
QDSIX AQR Diversifying Strategies Fund | 10.23% | 11.35% | 8.22% | 6.07% | 1.93% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QSPIX vs. QDSIX - Drawdown Comparison
The maximum QSPIX drawdown since its inception was -41.37%, which is greater than QDSIX's maximum drawdown of -11.30%. Use the drawdown chart below to compare losses from any high point for QSPIX and QDSIX. For additional features, visit the drawdowns tool.
Volatility
QSPIX vs. QDSIX - Volatility Comparison
AQR Style Premia Alternative Fund (QSPIX) has a higher volatility of 2.09% compared to AQR Diversifying Strategies Fund (QDSIX) at 1.34%. This indicates that QSPIX's price experiences larger fluctuations and is considered to be riskier than QDSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.