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AQR Managed Futures Strategy HV Fund Class N (QMHNX) Sharpe Ratio: 1.89

QMHNX's Sharpe Ratio of 1.89 indicates that for each unit of volatility, it generates 1.89 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Apr 2, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

QMHNX Sharpe Ratio Rank

QMHNX Sharpe Ratio Rank: 88.589
Exceptional

QMHNX ranks above 88.5% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Suitable as a core holding given strong risk-adjusted returns
  • Monitor rank changes to detect deteriorating return-to-volatility profile
  • Exceptional Sharpe ratio supports larger position sizes
  • Compare with category peers to assess whether strength is investment-specific or category-wide

QMHNX Sharpe Ratio Market Positioning

The chart shows QMHNX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.76 or lower
  • Yellow zone (middle 50%): 0.76 to 1.49
  • Green zone (top 25%): 1.49 or higher
  • Top 1%: 3.53+
  • Median: 1.10 — half of all investments score higher

How it compares to other similar mutual funds

The table compares AQR Managed Futures Strategy HV Fund Class N's Sharpe Ratio with other mutual funds in the Systematic Trend category across multiple time periods, showing how QMHNX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Apr 2, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
AQMNXAQR Managed Futures Strategy Fund Class N2.16
AQMIXAQR Managed Futures Strategy Fund2.16
QNZNXAQR Trend Total Return Fund2.04
LFMAXLoCorr Macro Strategies Fund2.00
QMHIXAQR Managed Futures Strategy HV Fund1.91
QMHNXAQR Managed Futures Strategy HV Fund Class N1.89
LOTIXLoCorr Market Trend Fund1.76
AHLIXAmerican Beacon AHL Managed Futures Strategy Fund Class R51.55
RYMTXGuggenheim Managed Futures Strategy Fund1.52
AHLPXAmerican Beacon AHL Managed Futures Strategy Fund1.51

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows QMHNX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when QMHNX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Explore QMHNX risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

QMHNX Sortino Ratio