RYMQX vs. QSPNX

Last updated Jun 24, 2026

RYMQX (Guggenheim Series Multi-Hedge Strategies Fund) and QSPNX (AQR Style Premia Alternative Fund Class N) are both Multistrategy funds. Over the past 10 years, RYMQX returned 2.20%/yr vs 7.18%/yr for QSPNX. At a 0.23 correlation, their price movements are largely independent. RYMQX charges 1.76%/yr vs 6.14%/yr for QSPNX.

Performance

RYMQX vs. QSPNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Guggenheim Series Multi-Hedge Strategies Fund (RYMQX) and AQR Style Premia Alternative Fund Class N (QSPNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYMQX achieves a 5.08% return, which is significantly lower than QSPNX's 12.90% return. Over the past 10 years, RYMQX has underperformed QSPNX with an annualized return of 2.20%, while QSPNX has yielded a comparatively higher 7.18% annualized return.

RYMQX

• 1D: 0.42%
• 1M: 0.21%
• YTD: 5.08%
• 6M: 4.53%
• 1Y: 9.12%
• 3Y*: 1.55%
• 5Y*: 0.48%
• 10Y*: 2.20%

QSPNX

• 1D: 1.26%
• 1M: 2.23%
• YTD: 12.90%
• 6M: 13.29%
• 1Y: 17.84%
• 3Y*: 18.51%
• 5Y*: 19.80%
• 10Y*: 7.18%

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

RYMQX vs. QSPNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYMQX Guggenheim Series Multi-Hedge Strategies Fund	5.08%	1.58%	-3.59%	4.26%	-3.47%	7.17%	7.40%	4.79%	-4.66%	3.49%
QSPNX AQR Style Premia Alternative Fund Class N	12.90%	14.35%	21.33%	12.14%	30.40%	24.63%	-22.17%	-8.35%	-12.60%	11.74%

Correlation

The correlation between RYMQX and QSPNX is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (10Y) Calculated over the trailing 10-year period	0.19
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.23

Return for Risk

RYMQX vs. QSPNX — Risk / Return Rank

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

RYMQX

RYMQX Risk / Return Rank: 78
RYMQX Sharpe Ratio Rank: 69
RYMQX Sortino Ratio Rank: 77
RYMQX Omega Ratio Rank: 75
RYMQX Calmar Ratio Rank: 88
RYMQX Martin Ratio Rank: 81

QSPNX

QSPNX Risk / Return Rank: 51
QSPNX Sharpe Ratio Rank: 43
QSPNX Sortino Ratio Rank: 47
QSPNX Omega Ratio Rank: 38
QSPNX Calmar Ratio Rank: 80
QSPNX Martin Ratio Rank: 47

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.

RYMQX vs. QSPNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Guggenheim Series Multi-Hedge Strategies Fund (RYMQX) and AQR Style Premia Alternative Fund Class N (QSPNX). 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.

	RYMQX	QSPNX	Difference
Sharpe ratio: Return per unit of total volatility	2.24	1.77	+0.47
Sortino ratio: Return per unit of downside risk	3.37	2.65	+0.71
Omega ratio: Gain probability vs. loss probability	1.45	1.31	+0.14
Calmar ratio: Return relative to maximum drawdown	4.16	3.43	+0.73
Martin ratio: Return relative to average drawdown	14.12	9.29	+4.83

RYMQX vs. QSPNX - Sharpe Ratio Comparison

The current RYMQX Sharpe Ratio is 2.24, which is comparable to the QSPNX Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of RYMQX and QSPNX, 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

RYMQX vs. QSPNX - Drawdown Comparison

The maximum RYMQX drawdown since its inception was -29.13%, smaller than the maximum QSPNX drawdown of -41.79%. Use the drawdown chart below to compare losses from any high point for RYMQX and QSPNX.

Drawdown Indicators

	RYMQX	QSPNX	Difference
Max Drawdown Largest peak-to-trough decline	-29.13%	-41.79%	+12.66%
Max Drawdown (1Y) Largest decline over 1 year	-2.22%	-5.05%	+2.83%
Max Drawdown (3Y) Largest decline over 3 years	-13.98%	-9.31%	-4.67%
Max Drawdown (5Y) Largest decline over 5 years	-13.98%	-17.17%	+3.19%
Max Drawdown (10Y) Largest decline over 10 years	-13.98%	-41.79%	+27.81%
Current Drawdown Current decline from peak	-2.48%	-0.82%	-1.66%
Average Drawdown Average peak-to-trough decline	-8.87%	-9.56%	+0.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.65%	1.89%	-1.24%

Volatility

RYMQX vs. QSPNX - Volatility Comparison

The current volatility for Guggenheim Series Multi-Hedge Strategies Fund (RYMQX) is 0.92%, while AQR Style Premia Alternative Fund Class N (QSPNX) has a volatility of 3.67%. This indicates that RYMQX experiences smaller price fluctuations and is considered to be less risky than QSPNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYMQX	QSPNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.92%	3.67%	-2.75%
Volatility (6M) Calculated over the trailing 6-month period	3.33%	7.22%	-3.89%
Volatility (1Y) Calculated over the trailing 1-year period	4.14%	9.83%	-5.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.65%	15.85%	-10.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.29%	12.84%	-7.55%

RYMQX vs. QSPNX - Expense Ratio Comparison

RYMQX has a 1.76% expense ratio, which is lower than QSPNX's 6.14% expense ratio.

Dividends

RYMQX vs. QSPNX - Dividend Comparison

RYMQX's dividend yield for the trailing twelve months is around 9.64%, more than QSPNX's 2.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QSPNX AQR Style Premia Alternative Fund Class N	2.12%	2.39%	6.80%	23.73%	22.62%	12.61%	0.00%	1.63%	0.51%	6.81%	1.75%	5.68%
RYMQX Guggenheim Series Multi-Hedge Strategies Fund	9.64%	10.13%	2.89%	3.12%	1.67%	0.78%	1.03%	2.10%	0.16%	0.00%	0.15%	0.00%

Frequently Asked Questions

Can I hold both RYMQX and QSPNX in my portfolio?

RYMQX and QSPNX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RYMQX or QSPNX?

QSPNX has higher volatility (3.67%) compared to RYMQX (0.92%). In terms of maximum drawdown, RYMQX dropped -29.13% vs QSPNX's -41.79%.

Which has better risk-adjusted returns?

RYMQX currently has the higher Sharpe Ratio (2.24 vs 1.77), 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.