QSPIX vs. QRPRX
Compare and contrast key facts about AQR Style Premia Alternative Fund (QSPIX) and AQR Alternative Risk Premia R6 (QRPRX).
QSPIX is managed by AQR Funds. It was launched on Oct 29, 2013. QRPRX is an actively managed fund by AQR. It was launched on Sep 19, 2017.
Performance
QSPIX vs. QRPRX - Performance Comparison
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QSPIX vs. QRPRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QSPIX AQR Style Premia Alternative Fund | 9.94% | 14.82% | 21.48% | 12.46% | 30.76% | 24.93% | -21.96% | -8.22% | -10.72% |
QRPRX AQR Alternative Risk Premia R6 | 8.62% | 23.57% | 18.88% | 7.30% | 25.46% | 14.33% | -20.91% | -2.94% | -4.35% |
Returns By Period
In the year-to-date period, QSPIX achieves a 9.94% return, which is significantly higher than QRPRX's 8.62% return.
QSPIX
- 1D
- -0.21%
- 1M
- 3.82%
- YTD
- 9.94%
- 6M
- 12.16%
- 1Y
- 13.99%
- 3Y*
- 19.92%
- 5Y*
- 18.65%
- 10Y*
- 7.05%
QRPRX
- 1D
- 0.00%
- 1M
- -0.73%
- YTD
- 8.62%
- 6M
- 13.50%
- 1Y
- 20.23%
- 3Y*
- 20.10%
- 5Y*
- 17.68%
- 10Y*
- —
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QSPIX vs. QRPRX - Expense Ratio Comparison
QSPIX has a 1.49% expense ratio, which is lower than QRPRX's 4.94% expense ratio.
Return for Risk
QSPIX vs. QRPRX — Risk / Return Rank
QSPIX
QRPRX
QSPIX vs. QRPRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Style Premia Alternative Fund (QSPIX) and AQR Alternative Risk Premia R6 (QRPRX). 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.
| QSPIX | QRPRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.42 | 1.84 | -0.43 |
Sortino ratioReturn per unit of downside risk | 1.94 | 2.27 | -0.33 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.37 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.76 | 1.90 | -0.14 |
Martin ratioReturn relative to average drawdown | 5.29 | 6.42 | -1.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QSPIX | QRPRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 1.84 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.18 | 1.51 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.75 | -0.14 |
Correlation
The correlation between QSPIX and QRPRX is 0.84, 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.
Dividends
QSPIX vs. QRPRX - Dividend Comparison
QSPIX's dividend yield for the trailing twelve months is around 2.34%, more than QRPRX's 1.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QSPIX AQR Style Premia Alternative Fund | 2.34% | 2.57% | 6.95% | 23.77% | 22.68% | 12.78% | 0.00% | 1.62% | 0.96% | 7.08% | 1.74% | 5.83% |
QRPRX AQR Alternative Risk Premia R6 | 1.39% | 1.51% | 2.33% | 4.60% | 0.00% | 4.16% | 1.97% | 1.00% | 0.09% | 0.00% | 0.00% | 0.00% |
Drawdowns
QSPIX vs. QRPRX - Drawdown Comparison
The maximum QSPIX drawdown since its inception was -41.37%, which is greater than QRPRX's maximum drawdown of -28.21%. Use the drawdown chart below to compare losses from any high point for QSPIX and QRPRX.
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Drawdown Indicators
| QSPIX | QRPRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.37% | -28.21% | -13.16% |
Max Drawdown (1Y)Largest decline over 1 year | -8.11% | -11.02% | +2.91% |
Max Drawdown (5Y)Largest decline over 5 years | -17.13% | -11.24% | -5.89% |
Max Drawdown (10Y)Largest decline over 10 years | -41.37% | — | — |
Current DrawdownCurrent decline from peak | -0.21% | -0.86% | +0.65% |
Average DrawdownAverage peak-to-trough decline | -9.54% | -7.69% | -1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 3.25% | -0.55% |
Volatility
QSPIX vs. QRPRX - Volatility Comparison
AQR Style Premia Alternative Fund (QSPIX) and AQR Alternative Risk Premia R6 (QRPRX) have volatilities of 2.61% and 2.56%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QSPIX | QRPRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 2.56% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 6.62% | 6.46% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.12% | 11.41% | -1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.98% | 11.76% | +4.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.76% | 10.38% | +2.38% |