QSPRX vs. PASIX
Compare and contrast key facts about AQR Style Premia Alternative R6 (QSPRX) and PACE Alternative Strategies Investments (PASIX).
QSPRX is an actively managed fund by AQR. It was launched on Sep 2, 2014. PASIX is managed by UBS. It was launched on Apr 9, 2006.
Performance
QSPRX vs. PASIX - Performance Comparison
Loading graphics...
QSPRX vs. PASIX - 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% |
PASIX PACE Alternative Strategies Investments | -0.69% | 7.47% | 6.56% | 4.97% | 0.22% | 2.60% | 9.48% | 6.08% | -5.41% | 3.71% |
Returns By Period
In the year-to-date period, QSPRX achieves a 9.99% return, which is significantly higher than PASIX's -0.69% return. Over the past 10 years, QSPRX has outperformed PASIX with an annualized return of 7.15%, while PASIX has yielded a comparatively lower 3.43% 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%
PASIX
- 1D
- -0.20%
- 1M
- -3.26%
- YTD
- -0.69%
- 6M
- 0.32%
- 1Y
- 5.82%
- 3Y*
- 6.29%
- 5Y*
- 3.98%
- 10Y*
- 3.43%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
QSPRX vs. PASIX - Expense Ratio Comparison
QSPRX has a 5.79% expense ratio, which is higher than PASIX's 1.88% expense ratio.
Return for Risk
QSPRX vs. PASIX — Risk / Return Rank
QSPRX
PASIX
QSPRX vs. PASIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Style Premia Alternative R6 (QSPRX) and PACE Alternative Strategies Investments (PASIX). 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 | PASIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.43 | 1.34 | +0.08 |
Sortino ratioReturn per unit of downside risk | 1.94 | 1.89 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.27 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.77 | 1.70 | +0.07 |
Martin ratioReturn relative to average drawdown | 5.37 | 7.40 | -2.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| QSPRX | PASIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 1.34 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.18 | 0.80 | +0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.69 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.35 | +0.21 |
Correlation
The correlation between QSPRX and PASIX is 0.13, 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
QSPRX vs. PASIX - Dividend Comparison
QSPRX's dividend yield for the trailing twelve months is around 2.39%, less than PASIX's 11.01% 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% |
PASIX PACE Alternative Strategies Investments | 11.01% | 10.93% | 7.96% | 3.57% | 2.42% | 6.45% | 4.82% | 0.00% | 2.89% | 0.00% | 0.00% | 2.14% |
Drawdowns
QSPRX vs. PASIX - Drawdown Comparison
The maximum QSPRX drawdown since its inception was -41.22%, which is greater than PASIX's maximum drawdown of -32.27%. Use the drawdown chart below to compare losses from any high point for QSPRX and PASIX.
Loading graphics...
Drawdown Indicators
| QSPRX | PASIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.22% | -32.27% | -8.95% |
Max Drawdown (1Y)Largest decline over 1 year | -8.17% | -3.36% | -4.81% |
Max Drawdown (5Y)Largest decline over 5 years | -17.17% | -5.22% | -11.95% |
Max Drawdown (10Y)Largest decline over 10 years | -41.22% | -10.50% | -30.72% |
Current DrawdownCurrent decline from peak | -0.10% | -3.36% | +3.26% |
Average DrawdownAverage peak-to-trough decline | -10.21% | -6.37% | -3.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 0.77% | +1.93% |
Volatility
QSPRX vs. PASIX - Volatility Comparison
AQR Style Premia Alternative R6 (QSPRX) has a higher volatility of 2.52% compared to PACE Alternative Strategies Investments (PASIX) at 2.26%. This indicates that QSPRX's price experiences larger fluctuations and is considered to be riskier than PASIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| QSPRX | PASIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.52% | 2.26% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 6.54% | 3.59% | +2.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.13% | 4.46% | +5.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.03% | 5.01% | +11.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.80% | 5.01% | +7.79% |