QVOPX vs. QSPIX
Compare and contrast key facts about Invesco Fundamental Alternatives Fund (QVOPX) and AQR Style Premia Alternative Fund (QSPIX).
QVOPX is managed by Invesco. It was launched on Jan 2, 1989. QSPIX is managed by AQR Funds. It was launched on Oct 29, 2013.
Performance
QVOPX vs. QSPIX - Performance Comparison
Loading graphics...
QVOPX vs. QSPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QVOPX Invesco Fundamental Alternatives Fund | 2.07% | 0.38% | 5.71% | 3.55% | -7.28% | 2.49% | 1.46% | 6.58% | -2.09% | 1.28% |
QSPIX AQR Style Premia Alternative Fund | 9.94% | 14.82% | 21.48% | 12.46% | 30.76% | 24.93% | -21.96% | -8.22% | -12.35% | 12.12% |
Returns By Period
In the year-to-date period, QVOPX achieves a 2.07% return, which is significantly lower than QSPIX's 9.94% return. Over the past 10 years, QVOPX has underperformed QSPIX with an annualized return of 1.56%, while QSPIX has yielded a comparatively higher 7.05% annualized return.
QVOPX
- 1D
- -0.40%
- 1M
- -3.19%
- YTD
- 2.07%
- 6M
- 5.92%
- 1Y
- 0.63%
- 3Y*
- 3.74%
- 5Y*
- 1.18%
- 10Y*
- 1.56%
QSPIX
- 1D
- -0.21%
- 1M
- 3.82%
- YTD
- 9.94%
- 6M
- 12.16%
- 1Y
- 13.99%
- 3Y*
- 19.92%
- 5Y*
- 18.65%
- 10Y*
- 7.05%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
QVOPX vs. QSPIX - Expense Ratio Comparison
QVOPX has a 1.33% expense ratio, which is lower than QSPIX's 1.49% expense ratio.
Return for Risk
QVOPX vs. QSPIX — Risk / Return Rank
QVOPX
QSPIX
QVOPX vs. QSPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Fundamental Alternatives Fund (QVOPX) and AQR Style Premia Alternative Fund (QSPIX). 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.
| QVOPX | QSPIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.14 | 1.42 | -1.27 |
Sortino ratioReturn per unit of downside risk | 0.25 | 1.94 | -1.69 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.26 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 0.13 | 1.76 | -1.63 |
Martin ratioReturn relative to average drawdown | 0.20 | 5.29 | -5.09 |
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
| QVOPX | QSPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 1.42 | -1.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 1.18 | -0.91 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.55 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.61 | +0.02 |
Correlation
The correlation between QVOPX and QSPIX is 0.05, 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
QVOPX vs. QSPIX - Dividend Comparison
QVOPX's dividend yield for the trailing twelve months is around 0.73%, less than QSPIX's 2.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QVOPX Invesco Fundamental Alternatives Fund | 0.72% | 0.74% | 2.10% | 4.62% | 2.55% | 2.87% | 1.90% | 2.01% | 1.77% | 1.59% | 0.26% | 0.53% |
QSPIX AQR Style Premia Alternative Fund | 2.34% | 2.57% | 6.95% | 23.77% | 22.68% | 12.78% | 0.00% | 1.62% | 0.96% | 7.08% | 1.74% | 5.83% |
Drawdowns
QVOPX vs. QSPIX - Drawdown Comparison
The maximum QVOPX drawdown since its inception was -30.55%, smaller than the maximum QSPIX drawdown of -41.37%. Use the drawdown chart below to compare losses from any high point for QVOPX and QSPIX.
Loading graphics...
Drawdown Indicators
| QVOPX | QSPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.55% | -41.37% | +10.82% |
Max Drawdown (1Y)Largest decline over 1 year | -6.08% | -8.11% | +2.03% |
Max Drawdown (5Y)Largest decline over 5 years | -9.71% | -17.13% | +7.42% |
Max Drawdown (10Y)Largest decline over 10 years | -9.71% | -41.37% | +31.66% |
Current DrawdownCurrent decline from peak | -3.19% | -0.21% | -2.98% |
Average DrawdownAverage peak-to-trough decline | -4.60% | -9.54% | +4.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.13% | 2.70% | +1.43% |
Volatility
QVOPX vs. QSPIX - Volatility Comparison
Invesco Fundamental Alternatives Fund (QVOPX) has a higher volatility of 3.33% compared to AQR Style Premia Alternative Fund (QSPIX) at 2.61%. This indicates that QVOPX's price experiences larger fluctuations and is considered to be riskier than QSPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| QVOPX | QSPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 2.61% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 5.86% | 6.62% | -0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.89% | 10.12% | -2.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.56% | 15.98% | -11.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.30% | 12.76% | -8.46% |