QSPRX vs. QDSNX
QSPRX (AQR Style Premia Alternative R6) and QDSNX (AQR Diversifying Strategies Fund Class N) are both mutual funds - QSPRX is a Multistrategy fund actively managed by AQR, while QDSNX is a Tactical Allocation fund actively managed by AQR. Both are actively managed. Over the past 5 years, QSPRX returned 20.25%/yr vs 11.01%/yr for QDSNX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. QSPRX charges 5.79%/yr vs 3.30%/yr for QDSNX.
Performance
QSPRX vs. QDSNX - Performance Comparison
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Returns By Period
In the year-to-date period, QSPRX achieves a 17.68% return, which is significantly higher than QDSNX's 5.37% return.
QSPRX
- 1D
- 0.49%
- 1M
- 6.55%
- 6M
- 14.53%
- YTD
- 17.68%
- 1Y
- 22.36%
- 3Y*
- 20.82%
- 5Y*
- 20.25%
- 10Y*
- 7.87%
- ALL TIME*
- 7.51%
QDSNX
- 1D
- 0.68%
- 1M
- 2.22%
- 6M
- 3.45%
- YTD
- 5.37%
- 1Y
- 13.58%
- 3Y*
- 11.97%
- 5Y*
- 11.01%
- 10Y*
- —
- ALL TIME*
- 11.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
QSPRX vs. QDSNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
QSPRX AQR Style Premia Alternative R6 | 17.68% | 14.94% | 21.60% | 12.50% | 30.90% | 25.14% | -7.67% |
QDSNX AQR Diversifying Strategies Fund Class N | 5.37% | 16.14% | 9.56% | 8.62% | 14.48% | 10.35% | 5.40% |
Correlation
The correlation between QSPRX and QDSNX is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2020 | 0.71 |
Over the past year, the correlation between QSPRX and QDSNX has dropped to 0.48 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.
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Return for Risk
QSPRX vs. QDSNX — Risk / Return Rank
QSPRX
QDSNX
QSPRX vs. QDSNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Style Premia Alternative R6 (QSPRX) and AQR Diversifying Strategies Fund Class N (QDSNX). 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 | QDSNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.45 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.39 | 4.13 | +0.26 |
| Martin ratioReturn relative to average drawdown | 11.98 | 13.52 | -1.54 |
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Drawdowns
QSPRX vs. QDSNX - Drawdown Comparison
The maximum QSPRX drawdown since its inception was -41.22%, which is greater than QDSNX's maximum drawdown of -7.15%. Use the drawdown chart below to compare losses from any high point for QSPRX and QDSNX.
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Drawdown Indicators
| QSPRX | QDSNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.22% | -7.15% | -34.07% |
Max Drawdown (1Y)Largest decline over 1 year | -5.06% | -3.10% | -1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -9.25% | -6.93% | -2.32% |
Max Drawdown (5Y)Largest decline over 5 years | -17.17% | -7.15% | -10.02% |
Max Drawdown (10Y)Largest decline over 10 years | -41.22% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.94% | +0.94% |
Average DrawdownAverage peak-to-trough decline | -9.95% | -1.46% | -8.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 0.94% | +0.91% |
Volatility
QSPRX vs. QDSNX - Volatility Comparison
AQR Style Premia Alternative R6 (QSPRX) has a higher volatility of 2.23% compared to AQR Diversifying Strategies Fund Class N (QDSNX) at 1.86%. This indicates that QSPRX's price experiences larger fluctuations and is considered to be riskier than QDSNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QSPRX | QDSNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.23% | 1.86% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 7.12% | 3.96% | +3.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.63% | 5.33% | +4.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.89% | 7.63% | +8.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.89% | 7.29% | +5.60% |
QSPRX vs. QDSNX - Expense Ratio Comparison
QSPRX has a 5.79% expense ratio, which is higher than QDSNX's 3.30% expense ratio.
Dividends
QSPRX vs. QDSNX - Dividend Comparison
QSPRX's dividend yield for the trailing twelve months is around 2.24%, more than QDSNX's 1.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QDSNX AQR Diversifying Strategies Fund Class N | 1.89% | 1.99% | 0.00% | 11.18% | 8.01% | 5.99% | 1.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QSPRX AQR Style Premia Alternative R6 | 2.24% | 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 QDSNX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QSPRX has higher volatility (2.23%) compared to QDSNX (1.86%). In terms of maximum drawdown, QSPRX dropped -41.22% vs QDSNX's -7.15%.
QDSNX currently has the higher Sharpe Ratio (2.40 vs 2.31), 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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