AQR Managed Futures Strategy HV Fund Class N (QMHNX)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

AQR Managed Futures Strategy HV Fund Class N (QMHNX) is up 13.8% since the beginning of the year. QMHNX is currently trading at $11 per share. Investors who bought $1,000 worth of QMHNX shares 5 years ago would now be looking at an investment worth $2,201.

AQR Managed Futures Strategy HV Fund Class N (QMHNX) has returned 13.82% so far this year and 32.43% over the past 12 months. Over the last ten years, QMHNX has returned 5.00% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jan 2, 2014, QMHNX's average daily return is +0.03%, while the average monthly return is +0.52%. At this rate, an investment would double in approximately 11.1 years.

Historically, 51% of months were positive and 49% were negative. The best month was Mar 2022 with a return of +12.7%, while the worst month was Mar 2023 at -8.9%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 6 months.

On a daily basis, QMHNX closed higher 50% of trading days. The best single day was Dec 23, 2021 with a return of +10.8%, while the worst single day was Dec 27, 2021 at -9.0%.

AQR Managed Futures Strategy HV Fund Class N has an annualized alpha of 7.39%, beta of -0.06, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since January 02, 2014.

• This fund tended to rise when S&P 500 Index fell (downside capture of -52.98%), but participation in market rallies was also limited (-2.21%) - a profile typical of counter-cyclical assets.
• Beta of -0.06 may look defensive, but with R2 of 0.01 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.01 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

QMHNX has a high expense ratio of 4.12%, indicating above-average management fees.

QMHNX ranks 82 for risk / return — in the top 82% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

AQR Managed Futures Strategy HV Fund Class N provided a 1.66% dividend yield over the last twelve months, with an annual payout of $0.19 per share.

The table displays the monthly dividend distributions for AQR Managed Futures Strategy HV Fund Class N. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the AQR Managed Futures Strategy HV Fund Class N. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the AQR Managed Futures Strategy HV Fund Class N was 40.29%, occurring on Aug 20, 2021. Recovery took 276 trading sessions.

The current AQR Managed Futures Strategy HV Fund Class N drawdown is 4.33%.

The chart below shows the rolling one-month volatility.