AQR Macro Opportunities Fund (QGMIX) belongs to the Macro Trading 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 4 mutual funds in the Macro Trading category with lower expense ratios, going as low as 0.78%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| abrdn Global Absolute Return Strategies Fund | 0.78% | — | Oct 1990 | QGMIX vs CGFIX | |
| Fulcrum Diversified Absolute Return Fund | 1.04% | — | Jul 2015 | QGMIX vs FARYX | |
| MFS Global Alternative Strategy Fund | 1.05% | — | Dec 2007 | QGMIX vs DVRIX | |
| BlackRock Tactical Opportunities Fund | 1.08% | — | Dec 1988 | QGMIX vs PCBAX | |
| Quantified Alternative Investment Fund | 1.33% | — | Aug 2013 | QGMIX vs QALTX |
Best Risk-Adjusted Alternatives to QGMIX
QGMIX has a PortfoliosLab risk / return rank of 4. There are 16 mutual funds in the Macro Trading category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Advantage... | 98 | — | Dec 2012 | QGMIX vs EGRAX | |
| Catalyst/Millburn Hedge Strategy Fund | 93 | — | Dec 2015 | QGMIX vs MBXAX | |
| OnTrack Core Fund | 80 | — | Jan 2013 | QGMIX vs OTRFX | |
| BlackRock Tactical Opportunities Fund | 77 | — | Dec 1988 | QGMIX vs PCBAX | |
| Standpoint Multi-Asset Fund Investor Class | 73 | — | Dec 2019 | QGMIX vs REMIX |
Top Performing QGMIX Alternatives (YTD)
QGMIX is at 0.61% YTD. There are 16 mutual funds in the Macro Trading category with higher YTD returns, going as high as 15.08%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Catalyst/Millburn Hedge Strategy Fund | 15.08% | — | Dec 2015 | QGMIX vs MBXAX | |
| Rational/ReSolve Adaptive Asset Allocation Fund | 11.86% | — | Sep 2016 | QGMIX vs RDMIX | |
| Standpoint Multi-Asset Fund Investor Class | 10.85% | — | Dec 2019 | QGMIX vs REMIX | |
| JHancock Diversified Macro Fund | 9.37% | — | Jul 2019 | QGMIX vs JDJIX | |
| BlackRock Tactical Opportunities Fund | 9.15% | — | Dec 1988 | QGMIX vs PCBAX |
Lowest Volatility Alternatives to QGMIX
QGMIX has 5.90% 1-year volatility. There are 6 mutual funds in the Macro Trading category with lower 1-year volatility, going as low as 3.09%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| abrdn Global Absolute Return Strategies Fund | 3.09% | — | Oct 1990 | QGMIX vs CGFIX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 3.60% | — | Dec 2012 | QGMIX vs EGRAX | |
| MFS Global Alternative Strategy Fund | 3.72% | — | Dec 2007 | QGMIX vs DVRIX | |
| OnTrack Core Fund | 4.16% | — | Jan 2013 | QGMIX vs OTRFX | |
| Dunham Dynamic Macro Fund | 4.16% | — | Apr 2010 | QGMIX vs DNAVX |
Lowest Drawdown Alternatives to QGMIX
QGMIX has a 1-year max drawdown of -4.11%. There are 7 mutual funds in the Macro Trading category with shallower 1-year drawdowns, going as shallow as -2.78%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| abrdn Global Absolute Return Strategies Fund | -2.78% | — | Oct 1990 | QGMIX vs CGFIX | |
| OnTrack Core Fund | -3.02% | — | Jan 2013 | QGMIX vs OTRFX | |
| BlackRock Tactical Opportunities Fund | -3.04% | — | Dec 1988 | QGMIX vs PCBAX | |
| MFS Global Alternative Strategy Fund | -3.08% | — | Dec 2007 | QGMIX vs DVRIX | |
| Dunham Dynamic Macro Fund | -3.24% | — | Apr 2010 | QGMIX vs DNAVX |
Other Mutual Funds from AQR Funds
The 10 most viewed AQR Funds 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 | 44 | -1.80% | — | Jul 2013 | QGMIX vs QLEIX | |
| AQR Long-Short Equity Fund Class N | Long-Short, Actively Managed | 42 | -1.90% | — | Jul 2013 | QGMIX vs QLENX | |
| AQR Equity Market Neutral Fund N | Equity Market Neutral | 6 | -7.21% | — | Oct 2014 | QGMIX vs QMNNX | |
| AQR Managed Futures Strategy Fund | Systematic Trend | 90 | 10.66% | — | Jan 2010 | QGMIX vs AQMIX | |
| AQR Style Premia Alternative Fund | Multistrategy | 52 | 12.37% | — | Oct 2013 | QGMIX vs QSPIX | |
| AQR Alternative Risk Premia Fund | Multistrategy | 96 | 17.03% | — | Sep 2017 | QGMIX vs QRPIX | |
| AQR Trend Total Return Fund | Systematic Trend | 93 | 13.23% | — | Dec 2021 | QGMIX vs QNZNX | |
| AQR Managed Futures Strategy HV Fund | Systematic Trend | 82 | 13.50% | — | Jul 2013 | QGMIX vs QMHIX | |
| AQR Multi-Asset Fund | Tactical Allocation | 46 | 7.62% | — | Sep 2010 | QGMIX vs AQRIX | |
| AQR Global Equity Fund | Global Equities | 67 | 10.65% | — | Dec 2009 | QGMIX vs AQGIX |
Often Compared With QGMIX
Investors most often compare QGMIX with ADAIX, JMSIX, PDBC. These 16 comparison targets span 10 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