QSPRX vs. FABZX
Compare and contrast key facts about AQR Style Premia Alternative R6 (QSPRX) and Franklin K2 Alternative Strategies Fund (FABZX).
QSPRX is an actively managed fund by AQR. It was launched on Sep 2, 2014. FABZX is managed by Franklin Templeton. It was launched on Oct 10, 2013.
Performance
QSPRX vs. FABZX - Performance Comparison
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QSPRX vs. FABZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QSPRX AQR Style Premia Alternative R6 | 9.99% | 14.94% | 21.60% | 12.50% | 30.90% | 25.14% | -21.91% | -8.10% | -12.32% | 12.18% |
FABZX Franklin K2 Alternative Strategies Fund | 1.44% | 8.48% | 11.60% | 2.86% | -7.86% | 2.85% | 7.36% | 7.42% | -2.18% | 6.85% |
Returns By Period
In the year-to-date period, QSPRX achieves a 9.99% return, which is significantly higher than FABZX's 1.44% return. Over the past 10 years, QSPRX has outperformed FABZX with an annualized return of 7.15%, while FABZX has yielded a comparatively lower 4.11% annualized return.
QSPRX
- 1D
- -0.10%
- 1M
- 3.90%
- YTD
- 9.99%
- 6M
- 12.27%
- 1Y
- 14.10%
- 3Y*
- 20.09%
- 5Y*
- 18.79%
- 10Y*
- 7.15%
FABZX
- 1D
- -0.18%
- 1M
- -1.23%
- YTD
- 1.44%
- 6M
- 3.09%
- 1Y
- 9.54%
- 3Y*
- 8.03%
- 5Y*
- 3.61%
- 10Y*
- 4.11%
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QSPRX vs. FABZX - Expense Ratio Comparison
QSPRX has a 5.79% expense ratio, which is higher than FABZX's 1.95% expense ratio.
Return for Risk
QSPRX vs. FABZX — Risk / Return Rank
QSPRX
FABZX
QSPRX vs. FABZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Style Premia Alternative R6 (QSPRX) and Franklin K2 Alternative Strategies Fund (FABZX). 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.
| QSPRX | FABZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.43 | 2.42 | -0.99 |
Sortino ratioReturn per unit of downside risk | 1.94 | 3.42 | -1.48 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.48 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.77 | 3.33 | -1.56 |
Martin ratioReturn relative to average drawdown | 5.37 | 14.75 | -9.38 |
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
| QSPRX | FABZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 2.42 | -0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.18 | 0.94 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 1.02 | -0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.93 | -0.36 |
Correlation
The correlation between QSPRX and FABZX is -0.05. 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
QSPRX vs. FABZX - Dividend Comparison
QSPRX's dividend yield for the trailing twelve months is around 2.39%, less than FABZX's 6.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QSPRX AQR Style Premia Alternative R6 | 2.39% | 2.63% | 6.99% | 23.75% | 22.67% | 12.85% | 0.00% | 1.62% | 1.09% | 7.15% | 1.74% | 5.87% |
FABZX Franklin K2 Alternative Strategies Fund | 6.92% | 7.02% | 11.80% | 0.70% | 3.10% | 4.90% | 0.80% | 0.90% | 2.33% | 1.56% | 0.77% | 1.89% |
Drawdowns
QSPRX vs. FABZX - Drawdown Comparison
The maximum QSPRX drawdown since its inception was -41.22%, which is greater than FABZX's maximum drawdown of -11.03%. Use the drawdown chart below to compare losses from any high point for QSPRX and FABZX.
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Drawdown Indicators
| QSPRX | FABZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.22% | -11.03% | -30.19% |
Max Drawdown (1Y)Largest decline over 1 year | -8.17% | -2.45% | -5.72% |
Max Drawdown (5Y)Largest decline over 5 years | -17.17% | -11.03% | -6.14% |
Max Drawdown (10Y)Largest decline over 10 years | -41.22% | -11.03% | -30.19% |
Current DrawdownCurrent decline from peak | -0.10% | -1.40% | +1.30% |
Average DrawdownAverage peak-to-trough decline | -10.21% | -2.42% | -7.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 0.61% | +2.09% |
Volatility
QSPRX vs. FABZX - Volatility Comparison
AQR Style Premia Alternative R6 (QSPRX) has a higher volatility of 2.52% compared to Franklin K2 Alternative Strategies Fund (FABZX) at 1.34%. This indicates that QSPRX's price experiences larger fluctuations and is considered to be riskier than FABZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QSPRX | FABZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.52% | 1.34% | +1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 6.54% | 3.08% | +3.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.13% | 3.99% | +6.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.03% | 3.86% | +12.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.80% | 4.06% | +8.74% |