QSPNX vs. JAAAX
Compare and contrast key facts about AQR Style Premia Alternative Fund Class N (QSPNX) and John Hancock Funds Alternative Asset Allocation Fund (JAAAX).
QSPNX is an actively managed fund by AQR. It was launched on Oct 30, 2013. JAAAX is managed by John Hancock. It was launched on Jan 1, 2009.
Performance
QSPNX vs. JAAAX - Performance Comparison
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QSPNX vs. JAAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QSPNX AQR Style Premia Alternative Fund Class N | 9.85% | 14.35% | 21.33% | 12.14% | 30.40% | 24.63% | -22.17% | -8.35% | -12.60% | 11.74% |
JAAAX John Hancock Funds Alternative Asset Allocation Fund | 2.52% | 6.18% | 6.59% | 5.85% | -3.12% | 4.77% | 4.36% | 8.95% | -4.09% | 6.10% |
Returns By Period
In the year-to-date period, QSPNX achieves a 9.85% return, which is significantly higher than JAAAX's 2.52% return. Over the past 10 years, QSPNX has outperformed JAAAX with an annualized return of 6.77%, while JAAAX has yielded a comparatively lower 4.05% annualized return.
QSPNX
- 1D
- -0.11%
- 1M
- 3.08%
- YTD
- 9.85%
- 6M
- 12.90%
- 1Y
- 12.64%
- 3Y*
- 19.61%
- 5Y*
- 18.57%
- 10Y*
- 6.77%
JAAAX
- 1D
- 0.41%
- 1M
- -1.56%
- YTD
- 2.52%
- 6M
- 3.59%
- 1Y
- 8.05%
- 3Y*
- 6.41%
- 5Y*
- 4.12%
- 10Y*
- 4.05%
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QSPNX vs. JAAAX - Expense Ratio Comparison
QSPNX has a 6.14% expense ratio, which is higher than JAAAX's 0.72% expense ratio.
Return for Risk
QSPNX vs. JAAAX — Risk / Return Rank
QSPNX
JAAAX
QSPNX vs. JAAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Style Premia Alternative Fund Class N (QSPNX) and John Hancock Funds Alternative Asset Allocation Fund (JAAAX). 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 | JAAAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.35 | 1.75 | -0.40 |
Sortino ratioReturn per unit of downside risk | 1.85 | 2.35 | -0.50 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.39 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.68 | 1.88 | -0.19 |
Martin ratioReturn relative to average drawdown | 5.06 | 9.41 | -4.35 |
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 | JAAAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 1.75 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.17 | 0.98 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.93 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.84 | -0.25 |
Correlation
The correlation between QSPNX and JAAAX 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.
Dividends
QSPNX vs. JAAAX - Dividend Comparison
QSPNX's dividend yield for the trailing twelve months is around 2.18%, more than JAAAX's 1.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QSPNX AQR Style Premia Alternative Fund Class N | 2.18% | 2.39% | 6.80% | 23.73% | 22.62% | 12.61% | 0.00% | 1.63% | 0.51% | 6.81% | 1.75% | 5.68% |
JAAAX John Hancock Funds Alternative Asset Allocation Fund | 1.49% | 1.53% | 1.17% | 1.71% | 3.02% | 1.72% | 0.74% | 3.38% | 1.99% | 1.23% | 0.77% | 2.78% |
Drawdowns
QSPNX vs. JAAAX - Drawdown Comparison
The maximum QSPNX drawdown since its inception was -41.79%, which is greater than JAAAX's maximum drawdown of -15.72%. Use the drawdown chart below to compare losses from any high point for QSPNX and JAAAX.
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Drawdown Indicators
| QSPNX | JAAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.79% | -15.72% | -26.07% |
Max Drawdown (1Y)Largest decline over 1 year | -7.78% | -4.43% | -3.35% |
Max Drawdown (5Y)Largest decline over 5 years | -17.17% | -6.28% | -10.89% |
Max Drawdown (10Y)Largest decline over 10 years | -41.79% | -12.64% | -29.15% |
Current DrawdownCurrent decline from peak | -0.21% | -1.61% | +1.40% |
Average DrawdownAverage peak-to-trough decline | -9.72% | -2.06% | -7.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 0.88% | +1.86% |
Volatility
QSPNX vs. JAAAX - Volatility Comparison
AQR Style Premia Alternative Fund Class N (QSPNX) has a higher volatility of 2.64% compared to John Hancock Funds Alternative Asset Allocation Fund (JAAAX) at 1.16%. This indicates that QSPNX's price experiences larger fluctuations and is considered to be riskier than JAAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QSPNX | JAAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.64% | 1.16% | +1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 6.59% | 2.74% | +3.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.11% | 4.73% | +5.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.93% | 4.22% | +11.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.76% | 4.38% | +8.38% |