QSPRX vs. QRPIX
Compare and contrast key facts about AQR Style Premia Alternative R6 (QSPRX) and AQR Alternative Risk Premia Fund (QRPIX).
QSPRX is an actively managed fund by AQR. It was launched on Sep 2, 2014. QRPIX is managed by AQR Funds. It was launched on Sep 18, 2017.
Performance
QSPRX vs. QRPIX - Performance Comparison
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QSPRX vs. QRPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QSPRX AQR Style Premia Alternative R6 | 9.99% | 14.94% | 21.60% | 12.50% | 30.90% | 25.14% | -21.91% | -8.10% | -10.78% |
QRPIX AQR Alternative Risk Premia Fund | 8.52% | 23.39% | 18.85% | 7.23% | 25.26% | 14.27% | -21.04% | -2.98% | -4.46% |
Returns By Period
In the year-to-date period, QSPRX achieves a 9.99% return, which is significantly higher than QRPIX's 8.52% 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%
QRPIX
- 1D
- 0.00%
- 1M
- -0.80%
- YTD
- 8.52%
- 6M
- 13.42%
- 1Y
- 20.08%
- 3Y*
- 19.92%
- 5Y*
- 17.54%
- 10Y*
- —
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QSPRX vs. QRPIX - Expense Ratio Comparison
QSPRX has a 5.79% expense ratio, which is higher than QRPIX's 1.40% expense ratio.
Return for Risk
QSPRX vs. QRPIX — Risk / Return Rank
QSPRX
QRPIX
QSPRX vs. QRPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Style Premia Alternative R6 (QSPRX) and AQR Alternative Risk Premia Fund (QRPIX). 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 | QRPIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.43 | 1.82 | -0.39 |
Sortino ratioReturn per unit of downside risk | 1.94 | 2.23 | -0.29 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.37 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.77 | 1.88 | -0.10 |
Martin ratioReturn relative to average drawdown | 5.37 | 6.37 | -1.01 |
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 | QRPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 1.82 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.18 | 1.50 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.74 | -0.17 |
Correlation
The correlation between QSPRX and QRPIX 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
QSPRX vs. QRPIX - Dividend Comparison
QSPRX's dividend yield for the trailing twelve months is around 2.39%, more than QRPIX's 1.33% 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% |
QRPIX AQR Alternative Risk Premia Fund | 1.33% | 1.45% | 2.24% | 4.52% | 0.00% | 4.08% | 1.98% | 0.85% | 0.09% | 0.00% | 0.00% | 0.00% |
Drawdowns
QSPRX vs. QRPIX - Drawdown Comparison
The maximum QSPRX drawdown since its inception was -41.22%, which is greater than QRPIX's maximum drawdown of -28.45%. Use the drawdown chart below to compare losses from any high point for QSPRX and QRPIX.
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Drawdown Indicators
| QSPRX | QRPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.22% | -28.45% | -12.77% |
Max Drawdown (1Y)Largest decline over 1 year | -8.17% | -11.07% | +2.90% |
Max Drawdown (5Y)Largest decline over 5 years | -17.17% | -11.29% | -5.88% |
Max Drawdown (10Y)Largest decline over 10 years | -41.22% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | -0.93% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -10.21% | -7.80% | -2.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 3.26% | -0.56% |
Volatility
QSPRX vs. QRPIX - Volatility Comparison
AQR Style Premia Alternative R6 (QSPRX) and AQR Alternative Risk Premia Fund (QRPIX) have volatilities of 2.52% and 2.51%, 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
| QSPRX | QRPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.52% | 2.51% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 6.54% | 6.47% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.13% | 11.44% | -1.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.03% | 11.74% | +4.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.80% | 10.36% | +2.44% |