QSPNX vs. ADAIX
Compare and contrast key facts about AQR Style Premia Alternative Fund Class N (QSPNX) and AQR Diversified Arbitrage Fund Class I (ADAIX).
QSPNX is an actively managed fund by AQR. It was launched on Oct 30, 2013. ADAIX is an actively managed fund by AQR Funds. It was launched on Jan 15, 2009.
Performance
QSPNX vs. ADAIX - Performance Comparison
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QSPNX vs. ADAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QSPNX AQR Style Premia Alternative Fund Class N | 9.96% | 14.35% | 21.33% | 12.14% | 30.40% | 24.63% | -22.17% | -8.35% | -12.60% | 11.74% |
ADAIX AQR Diversified Arbitrage Fund Class I | 0.78% | 8.03% | 3.19% | 4.51% | -3.30% | 6.27% | 25.24% | 8.53% | 2.19% | 5.93% |
Returns By Period
In the year-to-date period, QSPNX achieves a 9.96% return, which is significantly higher than ADAIX's 0.78% return. Both investments have delivered pretty close results over the past 10 years, with QSPNX having a 6.79% annualized return and ADAIX not far behind at 6.75%.
QSPNX
- 1D
- -0.11%
- 1M
- 3.88%
- YTD
- 9.96%
- 6M
- 11.97%
- 1Y
- 13.69%
- 3Y*
- 19.66%
- 5Y*
- 18.38%
- 10Y*
- 6.79%
ADAIX
- 1D
- -0.15%
- 1M
- 0.08%
- YTD
- 0.78%
- 6M
- 2.60%
- 1Y
- 6.24%
- 3Y*
- 5.17%
- 5Y*
- 2.72%
- 10Y*
- 6.75%
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QSPNX vs. ADAIX - Expense Ratio Comparison
QSPNX has a 6.14% expense ratio, which is higher than ADAIX's 1.38% expense ratio.
Return for Risk
QSPNX vs. ADAIX — Risk / Return Rank
QSPNX
ADAIX
QSPNX vs. ADAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Style Premia Alternative Fund Class N (QSPNX) and AQR Diversified Arbitrage Fund Class I (ADAIX). 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.
| QSPNX | ADAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.39 | 4.19 | -2.80 |
Sortino ratioReturn per unit of downside risk | 1.90 | 6.86 | -4.96 |
Omega ratioGain probability vs. loss probability | 1.25 | 2.06 | -0.81 |
Calmar ratioReturn relative to maximum drawdown | 1.72 | 9.83 | -8.11 |
Martin ratioReturn relative to average drawdown | 5.15 | 37.48 | -32.33 |
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
| QSPNX | ADAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 4.19 | -2.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.16 | 1.02 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 1.56 | -1.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 1.19 | -0.60 |
Correlation
The correlation between QSPNX and ADAIX is -0.09. 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.
Dividends
QSPNX vs. ADAIX - Dividend Comparison
QSPNX's dividend yield for the trailing twelve months is around 2.17%, more than ADAIX's 2.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QSPNX AQR Style Premia Alternative Fund Class N | 2.17% | 2.39% | 6.80% | 23.73% | 22.62% | 12.61% | 0.00% | 1.63% | 0.51% | 6.81% | 1.75% | 5.68% |
ADAIX AQR Diversified Arbitrage Fund Class I | 2.10% | 2.12% | 1.23% | 2.74% | 0.10% | 0.65% | 1.60% | 2.11% | 6.53% | 7.17% | 7.18% | 4.93% |
Drawdowns
QSPNX vs. ADAIX - Drawdown Comparison
The maximum QSPNX drawdown since its inception was -41.79%, which is greater than ADAIX's maximum drawdown of -14.75%. Use the drawdown chart below to compare losses from any high point for QSPNX and ADAIX.
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Drawdown Indicators
| QSPNX | ADAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.79% | -14.75% | -27.04% |
Max Drawdown (1Y)Largest decline over 1 year | -8.22% | -0.64% | -7.58% |
Max Drawdown (5Y)Largest decline over 5 years | -17.17% | -7.40% | -9.77% |
Max Drawdown (10Y)Largest decline over 10 years | -41.79% | -14.75% | -27.04% |
Current DrawdownCurrent decline from peak | -0.11% | -0.31% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -9.72% | -2.85% | -6.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 0.17% | +2.57% |
Volatility
QSPNX vs. ADAIX - Volatility Comparison
AQR Style Premia Alternative Fund Class N (QSPNX) has a higher volatility of 2.67% compared to AQR Diversified Arbitrage Fund Class I (ADAIX) at 0.38%. This indicates that QSPNX's price experiences larger fluctuations and is considered to be riskier than ADAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QSPNX | ADAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 0.38% | +2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 6.62% | 1.11% | +5.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.13% | 1.54% | +8.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.96% | 2.69% | +13.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.76% | 4.33% | +8.43% |