RMDFX vs. QDSIX

Last updated Jun 24, 2026

RMDFX (Aspiriant Defensive Allocation Fund) and QDSIX (AQR Diversifying Strategies Fund) are both Multistrategy funds. Over the past 5 years, RMDFX returned 5.46%/yr vs 11.53%/yr for QDSIX. At a 0.29 correlation, their price movements are largely independent. RMDFX charges 0.18%/yr vs 0.20%/yr for QDSIX.

Performance

RMDFX vs. QDSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aspiriant Defensive Allocation Fund (RMDFX) and AQR Diversifying Strategies Fund (QDSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RMDFX achieves a 6.31% return, which is significantly higher than QDSIX's 5.50% return.

RMDFX

• 1D: -0.08%
• 1M: -0.16%
• YTD: 6.31%
• 6M: 6.13%
• 1Y: 18.21%
• 3Y*: 10.50%
• 5Y*: 5.46%
• 10Y*: 5.39%

QDSIX

• 1D: 0.41%
• 1M: 0.41%
• YTD: 5.50%
• 6M: 5.72%
• 1Y: 13.96%
• 3Y*: 12.64%
• 5Y*: 11.53%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

RMDFX vs. QDSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
RMDFX Aspiriant Defensive Allocation Fund	6.31%	18.85%	1.45%	8.01%	-6.84%	4.20%	9.24%
QDSIX AQR Diversifying Strategies Fund	5.50%	16.36%	9.71%	8.88%	14.69%	10.64%	5.50%

Correlation

The correlation between RMDFX and QDSIX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (All Time) Calculated using the full available price history since Jun 10, 2020	0.29

The correlation between RMDFX and QDSIX shifts across timeframes, from 0.23 (5 years) to 0.37 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

RMDFX vs. QDSIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RMDFX

RMDFX Risk / Return Rank: 95
RMDFX Sharpe Ratio Rank: 99
RMDFX Sortino Ratio Rank: 97
RMDFX Omega Ratio Rank: 97
RMDFX Calmar Ratio Rank: 91
RMDFX Martin Ratio Rank: 91

QDSIX

QDSIX Risk / Return Rank: 91
QDSIX Sharpe Ratio Rank: 90
QDSIX Sortino Ratio Rank: 90
QDSIX Omega Ratio Rank: 84
QDSIX Calmar Ratio Rank: 98
QDSIX Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RMDFX vs. QDSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aspiriant Defensive Allocation Fund (RMDFX) and AQR Diversifying Strategies Fund (QDSIX). 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.

	RMDFX	QDSIX	Difference
Sharpe ratio: Return per unit of total volatility	3.88	2.75	+1.13
Sortino ratio: Return per unit of downside risk	5.37	4.07	+1.30
Omega ratio: Gain probability vs. loss probability	1.84	1.52	+0.32
Calmar ratio: Return relative to maximum drawdown	4.42	7.21	-2.79
Martin ratio: Return relative to average drawdown	17.04	19.76	-2.72

RMDFX vs. QDSIX - Sharpe Ratio Comparison

The current RMDFX Sharpe Ratio is 3.88, which is higher than the QDSIX Sharpe Ratio of 2.75. The chart below compares the historical Sharpe Ratios of RMDFX and QDSIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RMDFX vs. QDSIX - Drawdown Comparison

The maximum RMDFX drawdown since its inception was -15.96%, which is greater than QDSIX's maximum drawdown of -7.06%. Use the drawdown chart below to compare losses from any high point for RMDFX and QDSIX.

Drawdown Indicators

	RMDFX	QDSIX	Difference
Max Drawdown Largest peak-to-trough decline	-15.96%	-7.06%	-8.90%
Max Drawdown (1Y) Largest decline over 1 year	-4.19%	-1.96%	-2.23%
Max Drawdown (3Y) Largest decline over 3 years	-5.79%	-6.90%	+1.11%
Max Drawdown (5Y) Largest decline over 5 years	-14.63%	-7.06%	-7.57%
Max Drawdown (10Y) Largest decline over 10 years	-15.96%	—	—
Current Drawdown Current decline from peak	-1.02%	-0.94%	-0.08%
Average Drawdown Average peak-to-trough decline	-3.32%	-1.44%	-1.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.08%	0.71%	+0.37%

Volatility

RMDFX vs. QDSIX - Volatility Comparison

The current volatility for Aspiriant Defensive Allocation Fund (RMDFX) is 1.32%, while AQR Diversifying Strategies Fund (QDSIX) has a volatility of 1.80%. This indicates that RMDFX experiences smaller price fluctuations and is considered to be less risky than QDSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RMDFX	QDSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.32%	1.80%	-0.48%
Volatility (6M) Calculated over the trailing 6-month period	4.12%	3.66%	+0.46%
Volatility (1Y) Calculated over the trailing 1-year period	4.77%	5.14%	-0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.34%	7.62%	-1.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.23%	7.31%	-1.08%

RMDFX vs. QDSIX - Expense Ratio Comparison

RMDFX has a 0.18% expense ratio, which is lower than QDSIX's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

RMDFX vs. QDSIX - Dividend Comparison

RMDFX's dividend yield for the trailing twelve months is around 4.36%, more than QDSIX's 2.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
QDSIX AQR Diversifying Strategies Fund	2.12%	2.23%	0.00%	11.35%	8.22%	6.07%	1.93%	0.00%	0.00%	0.00%	0.00%
RMDFX Aspiriant Defensive Allocation Fund	4.36%	4.63%	0.00%	3.69%	0.78%	5.37%	2.28%	3.78%	4.11%	2.16%	1.16%

Frequently Asked Questions

Can I hold both RMDFX and QDSIX in my portfolio?

RMDFX and QDSIX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RMDFX or QDSIX?

QDSIX has higher volatility (1.80%) compared to RMDFX (1.32%). In terms of maximum drawdown, RMDFX dropped -15.96% vs QDSIX's -7.06%.

Which has better risk-adjusted returns?

RMDFX currently has the higher Sharpe Ratio (3.88 vs 2.75), 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.