QSPRX vs. ATRFX
QSPRX (AQR Style Premia Alternative R6) and ATRFX (Catalyst Systematic Alpha Class I) are both Multistrategy funds. Over the past 10 years, QSPRX returned 7.43%/yr vs 5.97%/yr for ATRFX. At a 0.04 correlation, their price movements are largely independent. QSPRX charges 5.79%/yr vs 1.77%/yr for ATRFX.
Performance
QSPRX vs. ATRFX - Performance Comparison
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Returns By Period
In the year-to-date period, QSPRX achieves a 11.48% return, which is significantly higher than ATRFX's 0.83% return. Over the past 10 years, QSPRX has outperformed ATRFX with an annualized return of 7.43%, while ATRFX has yielded a comparatively lower 5.97% annualized return.
QSPRX
- 1D
- -0.31%
- 1M
- 0.83%
- YTD
- 11.48%
- 6M
- 12.51%
- 1Y
- 16.05%
- 3Y*
- 19.21%
- 5Y*
- 19.71%
- 10Y*
- 7.43%
ATRFX
- 1D
- 1.68%
- 1M
- 3.62%
- YTD
- 0.83%
- 6M
- 0.20%
- 1Y
- 17.48%
- 3Y*
- -0.12%
- 5Y*
- 5.66%
- 10Y*
- 5.97%
QSPRX vs. ATRFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QSPRX AQR Style Premia Alternative R6 | 11.48% | 14.94% | 21.60% | 12.50% | 30.90% | 25.14% | -21.91% | -8.10% | -12.32% | 12.18% |
ATRFX Catalyst Systematic Alpha Class I | 0.83% | 2.81% | -4.14% | 24.60% | -4.33% | 25.70% | 15.32% | 29.25% | -19.65% | 2.00% |
Correlation
The correlation between QSPRX and ATRFX is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.04 |
The correlation between QSPRX and ATRFX shifts across timeframes, from -0.08 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QSPRX vs. ATRFX — Risk / Return Rank
QSPRX
ATRFX
QSPRX vs. ATRFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Style Premia Alternative R6 (QSPRX) and Catalyst Systematic Alpha Class I (ATRFX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QSPRX | ATRFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.17 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 0.81 | +2.30 |
| Martin ratioReturn relative to average drawdown | 8.33 | 2.36 | +5.97 |
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Drawdowns
QSPRX vs. ATRFX - Drawdown Comparison
The maximum QSPRX drawdown since its inception was -41.22%, which is greater than ATRFX's maximum drawdown of -35.17%. Use the drawdown chart below to compare losses from any high point for QSPRX and ATRFX.
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Drawdown Indicators
| QSPRX | ATRFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.22% | -35.17% | -6.05% |
Max Drawdown (1Y)Largest decline over 1 year | -5.06% | -22.53% | +17.47% |
Max Drawdown (3Y)Largest decline over 3 years | -9.25% | -35.17% | +25.92% |
Max Drawdown (5Y)Largest decline over 5 years | -17.17% | -35.17% | +18.00% |
Max Drawdown (10Y)Largest decline over 10 years | -41.22% | -35.17% | -6.05% |
Current DrawdownCurrent decline from peak | -2.12% | -14.00% | +11.88% |
Average DrawdownAverage peak-to-trough decline | -10.04% | -8.79% | -1.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 7.69% | -5.77% |
Volatility
QSPRX vs. ATRFX - Volatility Comparison
The current volatility for AQR Style Premia Alternative R6 (QSPRX) is 3.56%, while Catalyst Systematic Alpha Class I (ATRFX) has a volatility of 5.29%. This indicates that QSPRX experiences smaller price fluctuations and is considered to be less risky than ATRFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QSPRX | ATRFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.56% | 5.29% | -1.73% |
Volatility (6M)Calculated over the trailing 6-month period | 7.12% | 17.91% | -10.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.69% | 20.95% | -11.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.91% | 17.42% | -1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.87% | 15.60% | -2.73% |
QSPRX vs. ATRFX - Expense Ratio Comparison
QSPRX has a 5.79% expense ratio, which is higher than ATRFX's 1.77% expense ratio.
Dividends
QSPRX vs. ATRFX - Dividend Comparison
QSPRX's dividend yield for the trailing twelve months is around 2.36%, more than ATRFX's 0.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ATRFX Catalyst Systematic Alpha Class I | 0.49% | 0.65% | 11.89% | 1.87% | 4.98% | 5.43% | 20.92% | 1.60% | 1.37% | 0.00% | 0.91% | 1.02% |
QSPRX AQR Style Premia Alternative R6 | 2.36% | 2.63% | 6.99% | 23.75% | 22.67% | 12.85% | 0.00% | 1.62% | 1.09% | 7.15% | 1.74% | 5.87% |
Frequently Asked Questions
QSPRX and ATRFX have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ATRFX has higher volatility (5.29%) compared to QSPRX (3.56%). In terms of maximum drawdown, QSPRX dropped -41.22% vs ATRFX's -35.17%.
QSPRX currently has the higher Sharpe Ratio (1.62 vs 0.87), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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