QSPNX vs. QRPRX
Compare and contrast key facts about AQR Style Premia Alternative Fund Class N (QSPNX) and AQR Alternative Risk Premia R6 (QRPRX).
QSPNX is an actively managed fund by AQR. It was launched on Oct 30, 2013. QRPRX is an actively managed fund by AQR. It was launched on Sep 19, 2017.
Performance
QSPNX vs. QRPRX - Performance Comparison
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QSPNX vs. QRPRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QSPNX AQR Style Premia Alternative Fund Class N | 9.85% | 14.35% | 21.33% | 12.14% | 30.40% | 24.63% | -22.17% | -8.35% | -10.97% |
QRPRX AQR Alternative Risk Premia R6 | 9.06% | 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, QSPNX achieves a 9.85% return, which is significantly higher than QRPRX's 9.06% 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%
QRPRX
- 1D
- 0.40%
- 1M
- -0.20%
- YTD
- 9.06%
- 6M
- 14.21%
- 1Y
- 19.39%
- 3Y*
- 20.26%
- 5Y*
- 17.84%
- 10Y*
- —
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QSPNX vs. QRPRX - Expense Ratio Comparison
QSPNX has a 6.14% expense ratio, which is higher than QRPRX's 4.94% expense ratio.
Return for Risk
QSPNX vs. QRPRX — Risk / Return Rank
QSPNX
QRPRX
QSPNX vs. QRPRX - 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 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.
| QSPNX | QRPRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.35 | 1.83 | -0.48 |
Sortino ratioReturn per unit of downside risk | 1.85 | 2.25 | -0.40 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.37 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.68 | 1.94 | -0.26 |
Martin ratioReturn relative to average drawdown | 5.06 | 6.57 | -1.51 |
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 | QRPRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 1.83 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.17 | 1.53 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.76 | -0.17 |
Correlation
The correlation between QSPNX 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
QSPNX vs. QRPRX - Dividend Comparison
QSPNX's dividend yield for the trailing twelve months is around 2.18%, more than QRPRX's 1.38% 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% |
QRPRX AQR Alternative Risk Premia R6 | 1.38% | 1.51% | 2.33% | 4.60% | 0.00% | 4.16% | 1.97% | 1.00% | 0.09% | 0.00% | 0.00% | 0.00% |
Drawdowns
QSPNX vs. QRPRX - Drawdown Comparison
The maximum QSPNX drawdown since its inception was -41.79%, which is greater than QRPRX's maximum drawdown of -28.21%. Use the drawdown chart below to compare losses from any high point for QSPNX and QRPRX.
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Drawdown Indicators
| QSPNX | QRPRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.79% | -28.21% | -13.58% |
Max Drawdown (1Y)Largest decline over 1 year | -7.78% | -10.74% | +2.96% |
Max Drawdown (5Y)Largest decline over 5 years | -17.17% | -11.24% | -5.93% |
Max Drawdown (10Y)Largest decline over 10 years | -41.79% | — | — |
Current DrawdownCurrent decline from peak | -0.21% | -0.46% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -9.72% | -7.68% | -2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 3.25% | -0.51% |
Volatility
QSPNX vs. QRPRX - Volatility Comparison
AQR Style Premia Alternative Fund Class N (QSPNX) and AQR Alternative Risk Premia R6 (QRPRX) have volatilities of 2.64% and 2.59%, 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
| QSPNX | QRPRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.64% | 2.59% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 6.59% | 6.47% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.11% | 11.39% | -1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.93% | 11.75% | +4.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.76% | 10.38% | +2.38% |