SPATX vs. QRPNX

Last updated Apr 3, 2026

Compare and contrast key facts about Symmetry Panoramic Alternatives Fund (SPATX) and AQR Alternative Risk Premia Fund Class N (QRPNX).

SPATX is managed by Symmetry Partners. It was launched on Nov 11, 2018. QRPNX is an actively managed fund by AQR. It was launched on Sep 19, 2017.

Performance

SPATX vs. QRPNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Symmetry Panoramic Alternatives Fund (SPATX) and AQR Alternative Risk Premia Fund Class N (QRPNX). The values are adjusted to include any dividend payments, if applicable.

SPATX vs. QRPNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SPATX Symmetry Panoramic Alternatives Fund	5.85%	11.09%	1.50%	11.90%	12.80%	5.86%	3.42%	-0.00%	0.64%
QRPNX AQR Alternative Risk Premia Fund Class N	10.19%	23.09%	18.64%	6.94%	24.83%	14.04%	-21.20%	-3.25%	-3.48%

Returns By Period

In the year-to-date period, SPATX achieves a 5.85% return, which is significantly lower than QRPNX's 10.19% return.

SPATX

• 1D: 0.39%
• 1M: 2.12%
• YTD: 5.85%
• 6M: 8.37%
• 1Y: 12.09%
• 3Y*: 10.53%
• 5Y*: 8.57%
• 10Y*: —

QRPNX

• 1D: 1.08%
• 1M: 2.11%
• YTD: 10.19%
• 6M: 15.63%
• 1Y: 20.67%
• 3Y*: 20.31%
• 5Y*: 17.70%
• 10Y*: —

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

SPATX vs. QRPNX - Expense Ratio Comparison

SPATX has a 0.50% expense ratio, which is lower than QRPNX's 5.29% expense ratio.

QRPNX

AQR Alternative Risk Premia Fund Class N

SPATX

Symmetry Panoramic Alternatives Fund

Return for Risk

SPATX vs. QRPNX — Risk / Return Rank

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

SPATX

SPATX Risk / Return Rank: 97
SPATX Sharpe Ratio Rank: 98
SPATX Sortino Ratio Rank: 97
SPATX Omega Ratio Rank: 97
SPATX Calmar Ratio Rank: 96
SPATX Martin Ratio Rank: 97

QRPNX

QRPNX Risk / Return Rank: 75
QRPNX Sharpe Ratio Rank: 86
QRPNX Sortino Ratio Rank: 79
QRPNX Omega Ratio Rank: 84
QRPNX Calmar Ratio Rank: 71
QRPNX Martin Ratio Rank: 56

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.

SPATX vs. QRPNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Symmetry Panoramic Alternatives Fund (SPATX) and AQR Alternative Risk Premia Fund Class N (QRPNX). 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.

	SPATX	QRPNX	Difference
Sharpe ratio Return per unit of total volatility	2.92	1.80	+1.12
Sortino ratio Return per unit of downside risk	3.82	2.21	+1.61
Omega ratio Gain probability vs. loss probability	1.64	1.36	+0.28
Calmar ratio Return relative to maximum drawdown	3.87	1.98	+1.89
Martin ratio Return relative to average drawdown	16.78	6.67	+10.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPATX vs. QRPNX - Sharpe Ratio Comparison

The current SPATX Sharpe Ratio is 2.92, which is higher than the QRPNX Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of SPATX and QRPNX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SPATX	QRPNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.92	1.80	+1.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.38	1.52	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	1.17	0.74	+0.43

Correlation

The correlation between SPATX and QRPNX is 0.71, 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

SPATX vs. QRPNX - Dividend Comparison

SPATX's dividend yield for the trailing twelve months is around 2.88%, more than QRPNX's 1.03% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
SPATX Symmetry Panoramic Alternatives Fund	2.88%	3.05%	2.65%	6.16%	6.22%	2.08%	0.00%	1.87%	2.33%
QRPNX AQR Alternative Risk Premia Fund Class N	1.03%	1.14%	2.04%	4.33%	0.00%	3.84%	1.98%	0.57%	0.07%

Drawdowns

SPATX vs. QRPNX - Drawdown Comparison

The maximum SPATX drawdown since its inception was -11.67%, smaller than the maximum QRPNX drawdown of -28.78%. Use the drawdown chart below to compare losses from any high point for SPATX and QRPNX.

Drawdown Indicators

	SPATX	QRPNX	Difference
Max Drawdown Largest peak-to-trough decline	-11.67%	-28.78%	+17.11%
Max Drawdown (1Y) Largest decline over 1 year	-3.09%	-9.50%	+6.41%
Max Drawdown (5Y) Largest decline over 5 years	-5.89%	-11.22%	+5.33%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.73%	-8.00%	+6.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.73%	3.26%	-2.53%

Volatility

SPATX vs. QRPNX - Volatility Comparison

The current volatility for Symmetry Panoramic Alternatives Fund (SPATX) is 1.20%, while AQR Alternative Risk Premia Fund Class N (QRPNX) has a volatility of 2.48%. This indicates that SPATX experiences smaller price fluctuations and is considered to be less risky than QRPNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPATX	QRPNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.20%	2.48%	-1.28%
Volatility (6M) Calculated over the trailing 6-month period	2.56%	6.55%	-3.99%
Volatility (1Y) Calculated over the trailing 1-year period	4.13%	11.45%	-7.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.23%	11.69%	-5.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.08%	10.33%	-4.25%