TMSRX vs. QSPIX
Compare and contrast key facts about T. Rowe Price Multi-Strategy Total Return Fund (TMSRX) and AQR Style Premia Alternative Fund (QSPIX).
TMSRX is managed by T. Rowe Price. It was launched on Feb 22, 2018. QSPIX is managed by AQR Funds. It was launched on Oct 29, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TMSRX or QSPIX.
Key characteristics
| TMSRX | QSPIX | |
|---|---|---|
| YTD Return | 4.83% | 19.74% |
| 1Y Return | 6.33% | 14.97% |
| 3Y Return (Ann) | -0.59% | 25.63% |
| 5Y Return (Ann) | 2.21% | 10.83% |
| Sharpe Ratio | 2.31 | 1.11 |
| Sortino Ratio | 3.39 | 1.58 |
| Omega Ratio | 1.47 | 1.20 |
| Calmar Ratio | 0.72 | 1.43 |
| Martin Ratio | 8.94 | 3.61 |
| Ulcer Index | 0.70% | 3.69% |
| Daily Std Dev | 2.69% | 11.96% |
| Max Drawdown | -12.76% | -41.37% |
| Current Drawdown | -2.85% | -3.53% |
Correlation
The correlation between TMSRX and QSPIX is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
TMSRX vs. QSPIX - Performance Comparison
In the year-to-date period, TMSRX achieves a 4.83% return, which is significantly lower than QSPIX's 19.74% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TMSRX vs. QSPIX - Expense Ratio Comparison
TMSRX has a 1.19% expense ratio, which is lower than QSPIX's 1.49% expense ratio.
Risk-Adjusted Performance
TMSRX vs. QSPIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Multi-Strategy Total Return Fund (TMSRX) 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.
Dividends
TMSRX vs. QSPIX - Dividend Comparison
TMSRX's dividend yield for the trailing twelve months is around 5.68%, less than QSPIX's 19.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TMSRX T. Rowe Price Multi-Strategy Total Return Fund | 5.68% | 5.95% | 1.49% | 0.50% | 0.85% | 2.59% | 1.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QSPIX AQR Style Premia Alternative Fund | 19.77% | 23.67% | 22.69% | 12.79% | 0.00% | 1.62% | 0.96% | 7.08% | 1.74% | 5.83% | 12.86% | 2.25% |
Drawdowns
TMSRX vs. QSPIX - Drawdown Comparison
The maximum TMSRX drawdown since its inception was -12.76%, smaller than the maximum QSPIX drawdown of -41.37%. Use the drawdown chart below to compare losses from any high point for TMSRX and QSPIX. For additional features, visit the drawdowns tool.
Volatility
TMSRX vs. QSPIX - Volatility Comparison
The current volatility for T. Rowe Price Multi-Strategy Total Return Fund (TMSRX) is 0.67%, while AQR Style Premia Alternative Fund (QSPIX) has a volatility of 2.28%. This indicates that TMSRX 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.