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 0.87, 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. QRPIX - Performance Comparison
Key characteristics
QSPIX:
0.65
QRPIX:
1.06
QSPIX:
0.88
QRPIX:
1.39
QSPIX:
1.14
QRPIX:
1.21
QSPIX:
0.85
QRPIX:
1.16
QSPIX:
2.33
QRPIX:
3.67
QSPIX:
3.96%
QRPIX:
3.44%
QSPIX:
14.11%
QRPIX:
11.95%
QSPIX:
-41.37%
QRPIX:
-31.96%
QSPIX:
-10.60%
QRPIX:
-7.17%
Returns By Period
In the year-to-date period, QSPIX achieves a 10.96% return, which is significantly lower than QRPIX's 14.61% return.
QSPIX
10.96%
-6.87%
-9.32%
10.64%
9.32%
4.61%
QRPIX
14.61%
-2.37%
-5.83%
13.91%
6.44%
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 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
Neither QSPIX nor QRPIX 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% |
QRPIX AQR Alternative Risk Premia Fund | 0.00% | 4.52% | 0.00% | 4.07% | 1.97% | 0.85% | 0.09% | 0.00% | 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
AQR Style Premia Alternative Fund (QSPIX) has a higher volatility of 8.54% compared to AQR Alternative Risk Premia Fund (QRPIX) at 4.51%. This indicates that QSPIX's price experiences larger fluctuations and is considered to be riskier than QRPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.