QSPNX vs. CSQAX
Compare and contrast key facts about AQR Style Premia Alternative Fund Class N (QSPNX) and Credit Suisse Multialternative Strategy Fund Class A Shares (CSQAX).
QSPNX is an actively managed fund by AQR. It was launched on Oct 30, 2013. CSQAX is a passively managed fund by Credit Suisse that tracks the performance of the Credit Suisse Liquid Alternative Beta Index. It was launched on Mar 30, 2012.
Performance
QSPNX vs. CSQAX - Performance Comparison
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QSPNX vs. CSQAX - 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% |
CSQAX Credit Suisse Multialternative Strategy Fund Class A Shares | 0.95% | 0.73% | 0.66% | 1.72% | 5.52% | 9.98% | 6.10% | 2.88% | -4.31% | 4.07% |
Returns By Period
In the year-to-date period, QSPNX achieves a 9.96% return, which is significantly higher than CSQAX's 0.95% return. Over the past 10 years, QSPNX has outperformed CSQAX with an annualized return of 6.79%, while CSQAX has yielded a comparatively lower 3.09% annualized return.
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%
CSQAX
- 1D
- -0.35%
- 1M
- -4.69%
- YTD
- 0.95%
- 6M
- 1.62%
- 1Y
- -1.45%
- 3Y*
- 2.50%
- 5Y*
- 2.91%
- 10Y*
- 3.09%
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QSPNX vs. CSQAX - Expense Ratio Comparison
QSPNX has a 6.14% expense ratio, which is higher than CSQAX's 1.74% expense ratio.
Return for Risk
QSPNX vs. CSQAX — Risk / Return Rank
QSPNX
CSQAX
QSPNX vs. CSQAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Style Premia Alternative Fund Class N (QSPNX) and Credit Suisse Multialternative Strategy Fund Class A Shares (CSQAX). 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 | CSQAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.39 | -0.15 | +1.53 |
Sortino ratioReturn per unit of downside risk | 1.90 | -0.15 | +2.04 |
Omega ratioGain probability vs. loss probability | 1.25 | 0.98 | +0.27 |
Calmar ratioReturn relative to maximum drawdown | 1.72 | -0.24 | +1.96 |
Martin ratioReturn relative to average drawdown | 5.15 | -0.39 | +5.54 |
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 | CSQAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | -0.15 | +1.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.16 | 0.46 | +0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.52 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.49 | +0.10 |
Correlation
The correlation between QSPNX and CSQAX is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
QSPNX vs. CSQAX - Dividend Comparison
QSPNX's dividend yield for the trailing twelve months is around 2.17%, more than CSQAX's 1.08% 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% |
CSQAX Credit Suisse Multialternative Strategy Fund Class A Shares | 1.08% | 1.09% | 6.54% | 2.73% | 2.59% | 9.06% | 13.23% | 4.77% | 1.84% | 5.27% | 1.87% | 0.24% |
Drawdowns
QSPNX vs. CSQAX - Drawdown Comparison
The maximum QSPNX drawdown since its inception was -41.79%, which is greater than CSQAX's maximum drawdown of -8.37%. Use the drawdown chart below to compare losses from any high point for QSPNX and CSQAX.
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Drawdown Indicators
| QSPNX | CSQAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.79% | -8.37% | -33.42% |
Max Drawdown (1Y)Largest decline over 1 year | -8.22% | -5.05% | -3.17% |
Max Drawdown (5Y)Largest decline over 5 years | -17.17% | -7.28% | -9.89% |
Max Drawdown (10Y)Largest decline over 10 years | -41.79% | -8.37% | -33.42% |
Current DrawdownCurrent decline from peak | -0.11% | -4.69% | +4.58% |
Average DrawdownAverage peak-to-trough decline | -9.72% | -2.07% | -7.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 3.16% | -0.42% |
Volatility
QSPNX vs. CSQAX - Volatility Comparison
The current volatility for AQR Style Premia Alternative Fund Class N (QSPNX) is 2.67%, while Credit Suisse Multialternative Strategy Fund Class A Shares (CSQAX) has a volatility of 3.03%. This indicates that QSPNX experiences smaller price fluctuations and is considered to be less risky than CSQAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QSPNX | CSQAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 3.03% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 6.62% | 5.78% | +0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.13% | 7.60% | +2.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.96% | 6.33% | +9.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.76% | 5.98% | +6.78% |