AQR Macro Opportunities Fund (QGMIX) belongs to the Multistrategy category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with QGMIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to QGMIX
QGMIX charges 1.20% annually. There are 19 mutual funds in the Multistrategy category with lower expense ratios, going as low as 0.18%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aspiriant Defensive Allocation Fund | 0.18% | — | Dec 2015 | QGMIX vs RMDFX | |
| Symmetry Panoramic Alternatives Fund | 0.50% | — | Nov 2018 | QGMIX vs SPATX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 0.59% | — | Feb 2018 | QGMIX vs TALTX | |
| GMO Alternative Allocation Fund | 0.61% | — | May 2019 | QGMIX vs GAAVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.72% | — | Jan 2009 | QGMIX vs JAAAX |
Best Risk-Adjusted Alternatives to QGMIX
QGMIX has a PortfoliosLab risk / return rank of 5. There are 63 mutual funds in the Multistrategy category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Stone Ridge Reinsurance Risk Premium Interval Fund | 100 | — | Dec 2013 | QGMIX vs SRRIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 100 | — | Aug 2017 | QGMIX vs ARBIX | |
| Strategic Advisers Alternatives Fund | 99 | — | Jul 2022 | QGMIX vs FSLTX | |
| Blackstone Alternative Multi-Strategy Fund | 99 | — | Jun 2014 | QGMIX vs BXMIX | |
| AQR Diversified Arbitrage Fund Class I | 99 | — | Jan 2009 | QGMIX vs ADAIX |
Top Performing QGMIX Alternatives (YTD)
QGMIX is at -0.31% YTD. There are 67 mutual funds in the Multistrategy category with higher YTD returns, going as high as 22.03%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Alternative Risk Premia R6 | 22.03% | — | Sep 2017 | QGMIX vs QRPRX | |
| AQR Alternative Risk Premia Fund - Class I | 21.98% | — | Sep 2017 | QGMIX vs QRPIX | |
| AQR Alternative Risk Premia Fund Class N | 21.77% | — | Sep 2017 | QGMIX vs QRPNX | |
| AQR Style Premia Alternative R6 | 16.76% | — | Sep 2014 | QGMIX vs QSPRX | |
| AQR Style Premia Alternative Fund - Class I | 16.65% | — | Oct 2013 | QGMIX vs QSPIX |
Lowest Volatility Alternatives to QGMIX
QGMIX has 5.77% 1-year volatility. There are 31 mutual funds in the Multistrategy category with lower 1-year volatility, going as low as 1.25%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | 1.25% | — | Aug 2017 | QGMIX vs ARBIX | |
| AQR Diversified Arbitrage Fund Class N | 1.48% | — | Jan 2009 | QGMIX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | 1.49% | — | Jan 2009 | QGMIX vs ADAIX | |
| Strategic Advisers Alternatives Fund | 2.26% | — | Jul 2022 | QGMIX vs FSLTX | |
| Morningstar Alternatives Fund | 2.29% | — | Nov 2018 | QGMIX vs MSTVX |
Lowest Drawdown Alternatives to QGMIX
QGMIX has a 1-year max drawdown of -5.47%. There are 54 mutual funds in the Multistrategy category with shallower 1-year drawdowns, going as shallow as -0.51%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | -0.51% | — | Aug 2017 | QGMIX vs ARBIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.55% | — | Dec 2013 | QGMIX vs SRRIX | |
| AQR Diversified Arbitrage Fund Class I | -0.60% | — | Jan 2009 | QGMIX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | -0.60% | — | Jan 2009 | QGMIX vs ADANX | |
| Strategic Advisers Alternatives Fund | -0.86% | — | Jul 2022 | QGMIX vs FSLTX |
Other Mutual Funds from AQR
The 10 most viewed AQR mutual funds shown here include QLEIX, QLENX, QMNNX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| AQR Long-Short Equity Fund | Long-Short | 80 | 1.51% | — | Jul 2013 | QGMIX vs QLEIX | |
| AQR Long-Short Equity Fund Class N | Long-Short, Actively Managed | 78 | 1.36% | — | Jul 2013 | QGMIX vs QLENX | |
| AQR Equity Market Neutral Fund Class N | Equity Market Neutral | 16 | -5.90% | — | Oct 2014 | QGMIX vs QMNNX | |
| AQR Managed Futures Strategy Fund - Class I | Systematic Trend | 92 | 9.72% | — | Jan 2010 | QGMIX vs AQMIX | |
| AQR Diversifying Strategies Fund - Class I | Multistrategy | 95 | 5.71% | — | Jun 2020 | QGMIX vs QDSIX | |
| AQR Managed Futures Strategy HV Fund | Systematic Trend | 83 | 11.68% | — | Jul 2013 | QGMIX vs QMHIX | |
| AQR Trend Total Return Fund | Systematic Trend | 95 | 13.72% | — | Dec 2021 | QGMIX vs QNZNX | |
| AQR Multi-Asset Fund | Tactical Allocation | 77 | 9.72% | — | Sep 2010 | QGMIX vs AQRIX | |
| AQR Global Equity Fund | Global Equities | 86 | 15.15% | — | Dec 2009 | QGMIX vs AQGIX | |
| AQR Diversifying Strategies Fund Class N | Tactical Allocation | 94 | 5.52% | — | Jun 2020 | QGMIX vs QDSNX |
Often Compared With QGMIX
Investors most often compare QGMIX with DVRIX, CGFIX, JMSIX. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare QGMIX with Any Fund or Stock
Compare QGMIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair QGMIX with funds that move differently
AQR Macro Opportunities Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QGMIX.
Explore QGMIX Diversifiers