QSPIX vs. TMSRX
Compare and contrast key facts about AQR Style Premia Alternative Fund (QSPIX) and T. Rowe Price Multi-Strategy Total Return Fund (TMSRX).
QSPIX is managed by AQR Funds. It was launched on Oct 29, 2013. TMSRX is managed by T. Rowe Price. It was launched on Feb 22, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QSPIX or TMSRX.
Key characteristics
| QSPIX | TMSRX | |
|---|---|---|
| YTD Return | 19.44% | 4.94% |
| 1Y Return | 16.14% | 6.43% |
| 3Y Return (Ann) | 25.82% | -0.40% |
| 5Y Return (Ann) | 10.99% | 2.25% |
| Sharpe Ratio | 1.33 | 2.41 |
| Sortino Ratio | 1.89 | 3.55 |
| Omega Ratio | 1.23 | 1.50 |
| Calmar Ratio | 1.73 | 0.75 |
| Martin Ratio | 4.33 | 9.26 |
| Ulcer Index | 3.72% | 0.69% |
| Daily Std Dev | 12.15% | 2.67% |
| Max Drawdown | -41.37% | -12.76% |
| Current Drawdown | -3.77% | -2.75% |
Correlation
The correlation between QSPIX and TMSRX is -0.06. 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. TMSRX - Performance Comparison
In the year-to-date period, QSPIX achieves a 19.44% return, which is significantly higher than TMSRX's 4.94% 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. TMSRX - Expense Ratio Comparison
QSPIX has a 1.49% expense ratio, which is higher than TMSRX's 1.19% expense ratio.
Risk-Adjusted Performance
QSPIX vs. TMSRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Style Premia Alternative Fund (QSPIX) and T. Rowe Price Multi-Strategy Total Return Fund (TMSRX). 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. TMSRX - Dividend Comparison
QSPIX's dividend yield for the trailing twelve months is around 19.82%, more than TMSRX's 5.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QSPIX AQR Style Premia Alternative Fund | 19.82% | 23.67% | 22.69% | 12.79% | 0.00% | 1.62% | 0.96% | 7.08% | 1.74% | 5.83% | 12.86% | 2.25% |
TMSRX T. Rowe Price Multi-Strategy Total Return Fund | 5.67% | 5.95% | 1.49% | 0.50% | 0.85% | 2.59% | 1.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QSPIX vs. TMSRX - Drawdown Comparison
The maximum QSPIX drawdown since its inception was -41.37%, which is greater than TMSRX's maximum drawdown of -12.76%. Use the drawdown chart below to compare losses from any high point for QSPIX and TMSRX. For additional features, visit the drawdowns tool.
Volatility
QSPIX vs. TMSRX - Volatility Comparison
AQR Style Premia Alternative Fund (QSPIX) has a higher volatility of 2.62% compared to T. Rowe Price Multi-Strategy Total Return Fund (TMSRX) at 0.63%. This indicates that QSPIX's price experiences larger fluctuations and is considered to be riskier than TMSRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.