QSPRX vs. TNMAX
Compare and contrast key facts about AQR Style Premia Alternative R6 (QSPRX) and 1290 Multi-Alternative Strategies Fund Class A (TNMAX).
QSPRX is an actively managed fund by AQR. It was launched on Sep 2, 2014. TNMAX is an actively managed fund by Equitable. It was launched on Jul 6, 2015.
Performance
QSPRX vs. TNMAX - Performance Comparison
Loading graphics...
QSPRX vs. TNMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QSPRX AQR Style Premia Alternative R6 | 9.87% | 14.94% | 21.60% | 12.50% | 30.90% | 25.14% | -21.91% | -8.10% | -12.32% | 12.18% |
TNMAX 1290 Multi-Alternative Strategies Fund Class A | 5.27% | 13.21% | 8.95% | 5.08% | -11.31% | 3.00% | 4.28% | 7.38% | -4.34% | 3.91% |
Returns By Period
In the year-to-date period, QSPRX achieves a 9.87% return, which is significantly higher than TNMAX's 5.27% return. Over the past 10 years, QSPRX has outperformed TNMAX with an annualized return of 7.14%, while TNMAX has yielded a comparatively lower 3.66% annualized return.
QSPRX
- 1D
- -0.10%
- 1M
- 3.12%
- YTD
- 9.87%
- 6M
- 13.19%
- 1Y
- 13.06%
- 3Y*
- 20.04%
- 5Y*
- 18.99%
- 10Y*
- 7.14%
TNMAX
- 1D
- 1.20%
- 1M
- -2.48%
- YTD
- 5.27%
- 6M
- 7.10%
- 1Y
- 17.06%
- 3Y*
- 10.61%
- 5Y*
- 3.93%
- 10Y*
- 3.66%
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. TNMAX - Expense Ratio Comparison
QSPRX has a 5.79% expense ratio, which is higher than TNMAX's 1.52% expense ratio.
Return for Risk
QSPRX vs. TNMAX — Risk / Return Rank
QSPRX
TNMAX
QSPRX vs. TNMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Style Premia Alternative R6 (QSPRX) and 1290 Multi-Alternative Strategies Fund Class A (TNMAX). 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 | TNMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.39 | 1.97 | -0.58 |
Sortino ratioReturn per unit of downside risk | 1.89 | 2.68 | -0.79 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.43 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.74 | 3.06 | -1.32 |
Martin ratioReturn relative to average drawdown | 5.27 | 15.26 | -9.99 |
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 | TNMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 1.97 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.19 | 0.51 | +0.68 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.52 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.54 | +0.03 |
Correlation
The correlation between QSPRX and TNMAX is -0.12. 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. TNMAX - Dividend Comparison
QSPRX's dividend yield for the trailing twelve months is around 2.39%, more than TNMAX's 1.84% 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% |
TNMAX 1290 Multi-Alternative Strategies Fund Class A | 1.84% | 1.94% | 1.33% | 3.12% | 2.59% | 10.42% | 0.55% | 1.92% | 0.97% | 0.37% | 0.37% | 0.00% |
Drawdowns
QSPRX vs. TNMAX - Drawdown Comparison
The maximum QSPRX drawdown since its inception was -41.22%, which is greater than TNMAX's maximum drawdown of -17.29%. Use the drawdown chart below to compare losses from any high point for QSPRX and TNMAX.
Loading graphics...
Drawdown Indicators
| QSPRX | TNMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.22% | -17.29% | -23.93% |
Max Drawdown (1Y)Largest decline over 1 year | -7.75% | -5.73% | -2.02% |
Max Drawdown (5Y)Largest decline over 5 years | -17.17% | -16.46% | -0.71% |
Max Drawdown (10Y)Largest decline over 10 years | -41.22% | -17.29% | -23.93% |
Current DrawdownCurrent decline from peak | -0.21% | -2.48% | +2.27% |
Average DrawdownAverage peak-to-trough decline | -10.21% | -4.09% | -6.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 1.15% | +1.55% |
Volatility
QSPRX vs. TNMAX - Volatility Comparison
The current volatility for AQR Style Premia Alternative R6 (QSPRX) is 2.49%, while 1290 Multi-Alternative Strategies Fund Class A (TNMAX) has a volatility of 3.14%. This indicates that QSPRX experiences smaller price fluctuations and is considered to be less risky than TNMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| QSPRX | TNMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.49% | 3.14% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 6.51% | 6.74% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.11% | 8.81% | +1.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 7.68% | +8.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.80% | 7.12% | +5.68% |