SRDAX vs. QSPIX
Compare and contrast key facts about Stone Ridge Diversified Alternatives Fund (SRDAX) and AQR Style Premia Alternative Fund (QSPIX).
SRDAX is managed by STONE RIDGE. It was launched on Apr 29, 2020. QSPIX is managed by AQR Funds. It was launched on Oct 29, 2013.
Performance
SRDAX vs. QSPIX - Performance Comparison
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SRDAX vs. QSPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SRDAX Stone Ridge Diversified Alternatives Fund | 2.84% | 0.37% | 8.46% | 19.56% | 2.03% | 10.62% | 1.97% |
QSPIX AQR Style Premia Alternative Fund | 11.10% | 14.82% | 21.48% | 12.46% | 30.76% | 24.93% | -0.63% |
Returns By Period
In the year-to-date period, SRDAX achieves a 2.84% return, which is significantly lower than QSPIX's 11.10% return.
SRDAX
- 1D
- 0.00%
- 1M
- 2.42%
- YTD
- 2.84%
- 6M
- 3.41%
- 1Y
- 2.93%
- 3Y*
- 8.17%
- 5Y*
- 8.00%
- 10Y*
- —
QSPIX
- 1D
- 1.16%
- 1M
- 4.80%
- YTD
- 11.10%
- 6M
- 15.06%
- 1Y
- 14.65%
- 3Y*
- 20.34%
- 5Y*
- 19.15%
- 10Y*
- 7.16%
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SRDAX vs. QSPIX - Expense Ratio Comparison
SRDAX has a 1.27% expense ratio, which is lower than QSPIX's 1.49% expense ratio.
Return for Risk
SRDAX vs. QSPIX — Risk / Return Rank
SRDAX
QSPIX
SRDAX vs. QSPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Stone Ridge Diversified Alternatives Fund (SRDAX) 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.
| SRDAX | QSPIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.61 | 1.41 | -0.80 |
Sortino ratioReturn per unit of downside risk | 0.74 | 1.94 | -1.20 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.26 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.44 | 1.87 | -1.44 |
Martin ratioReturn relative to average drawdown | 0.88 | 5.64 | -4.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SRDAX | QSPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 1.41 | -0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.14 | 1.21 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.21 | 0.62 | +0.59 |
Correlation
The correlation between SRDAX and QSPIX is 0.14, 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
SRDAX vs. QSPIX - Dividend Comparison
SRDAX's dividend yield for the trailing twelve months is around 8.30%, more than QSPIX's 2.31% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SRDAX Stone Ridge Diversified Alternatives Fund | 8.30% | 8.53% | 8.16% | 14.97% | 3.22% | 8.99% | 3.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QSPIX AQR Style Premia Alternative Fund | 2.31% | 2.57% | 6.95% | 23.77% | 22.68% | 12.78% | 0.00% | 1.62% | 0.96% | 7.08% | 1.74% | 5.83% |
Drawdowns
SRDAX vs. QSPIX - Drawdown Comparison
The maximum SRDAX drawdown since its inception was -11.90%, smaller than the maximum QSPIX drawdown of -41.37%. Use the drawdown chart below to compare losses from any high point for SRDAX and QSPIX.
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Drawdown Indicators
| SRDAX | QSPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.90% | -41.37% | +29.47% |
Max Drawdown (1Y)Largest decline over 1 year | -5.18% | -7.25% | +2.07% |
Max Drawdown (5Y)Largest decline over 5 years | -11.90% | -17.13% | +5.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.37% | — |
Current DrawdownCurrent decline from peak | -0.29% | 0.00% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -2.41% | -9.54% | +7.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 2.70% | +0.29% |
Volatility
SRDAX vs. QSPIX - Volatility Comparison
The current volatility for Stone Ridge Diversified Alternatives Fund (SRDAX) is 0.82%, while AQR Style Premia Alternative Fund (QSPIX) has a volatility of 2.66%. This indicates that SRDAX experiences smaller price fluctuations and is considered to be less risky than QSPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SRDAX | QSPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 2.66% | -1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 2.56% | 6.67% | -4.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.52% | 10.16% | -5.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.03% | 15.95% | -8.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.87% | 12.76% | -5.89% |