QSPIX vs. QRPIX
Compare and contrast key facts about AQR Style Premia Alternative Fund (QSPIX) and AQR Alternative Risk Premia Fund (QRPIX).
QSPIX is managed by AQR Funds. It was launched on Oct 29, 2013. QRPIX is managed by AQR Funds. It was launched on Sep 18, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QSPIX or QRPIX.
Correlation
The correlation between QSPIX and QRPIX is -0.04. 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.
Performance
QSPIX vs. QRPIX - Performance Comparison
Key characteristics
QSPIX:
0.85
QRPIX:
0.42
QSPIX:
1.17
QRPIX:
0.64
QSPIX:
1.17
QRPIX:
1.11
QSPIX:
1.08
QRPIX:
0.55
QSPIX:
2.41
QRPIX:
1.39
QSPIX:
4.18%
QRPIX:
4.47%
QSPIX:
11.67%
QRPIX:
13.26%
QSPIX:
-41.37%
QRPIX:
-31.96%
QSPIX:
-3.82%
QRPIX:
-5.97%
Returns By Period
In the year-to-date period, QSPIX achieves a 7.37% return, which is significantly higher than QRPIX's 6.02% return.
QSPIX
7.37%
3.75%
8.72%
9.79%
16.91%
6.54%
QRPIX
6.02%
5.09%
5.95%
5.49%
12.00%
N/A
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QSPIX vs. QRPIX - Expense Ratio Comparison
QSPIX has a 1.49% expense ratio, which is higher than QRPIX's 1.40% expense ratio.
Risk-Adjusted Performance
QSPIX vs. QRPIX — Risk-Adjusted Performance Rank
QSPIX
QRPIX
QSPIX vs. QRPIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Style Premia Alternative Fund (QSPIX) and AQR Alternative Risk Premia Fund (QRPIX). 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. QRPIX - Dividend Comparison
QSPIX's dividend yield for the trailing twelve months is around 6.47%, more than QRPIX's 2.12% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QSPIX AQR Style Premia Alternative Fund | 6.47% | 6.95% | 23.67% | 22.68% | 12.78% | 0.00% | 1.62% | 0.97% | 7.08% | 1.74% | 5.83% | 14.75% |
QRPIX AQR Alternative Risk Premia Fund | 2.12% | 2.25% | 4.50% | 0.00% | 4.07% | 1.97% | 0.85% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QSPIX vs. QRPIX - Drawdown Comparison
The maximum QSPIX drawdown since its inception was -41.37%, which is greater than QRPIX's maximum drawdown of -31.96%. Use the drawdown chart below to compare losses from any high point for QSPIX and QRPIX. For additional features, visit the drawdowns tool.
Volatility
QSPIX vs. QRPIX - Volatility Comparison
The current volatility for AQR Style Premia Alternative Fund (QSPIX) is 2.40%, while AQR Alternative Risk Premia Fund (QRPIX) has a volatility of 2.54%. This indicates that QSPIX experiences smaller price fluctuations and is considered to be less risky than QRPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.