AFQSX vs. OTRFX

Last updated Aug 1, 2026

AFQSX (Alpha Fiduciary Quantitative Strategy Fund) and OTRFX (OnTrack Core Fund) are both Tactical Allocation funds. Over the past 5 years, AFQSX returned 1.83%/yr vs 1.79%/yr for OTRFX. Their 0.22 correlation means their historical movements had little consistent relationship. AFQSX charges 1.70%/yr vs 2.58%/yr for OTRFX.

Performance

AFQSX vs. OTRFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alpha Fiduciary Quantitative Strategy Fund (AFQSX) and OnTrack Core Fund (OTRFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AFQSX achieves a 11.65% return, which is significantly higher than OTRFX's 4.93% return.

AFQSX

• 1D: 1.61%
• 1M: -0.65%
• 6M: 10.16%
• YTD: 11.65%
• 1Y: 20.70%
• 3Y*: 6.31%
• 5Y*: 1.83%
• 10Y*: —
• ALL TIME*: 1.08%

OTRFX

• 1D: 0.10%
• 1M: -0.10%
• 6M: 1.36%
• YTD: 4.93%
• 1Y: 9.39%
• 3Y*: 5.76%
• 5Y*: 1.79%
• 10Y*: 5.20%
• ALL TIME*: 4.35%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AFQSX Alpha Fiduciary Quantitative Strategy Fund	$0.00	$0.00	$0.00
OTRFX OnTrack Core Fund	$0.00	$0.00	$0.00

AFQSX vs. OTRFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AFQSX Alpha Fiduciary Quantitative Strategy Fund	11.65%	3.78%	5.83%	2.10%	-22.23%	44.62%	-23.80%	0.00%
OTRFX OnTrack Core Fund	4.93%	6.12%	-0.12%	5.37%	-5.82%	3.94%	29.03%	0.07%

Correlation

The correlation between AFQSX and OTRFX is 0.45, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.45
Correlation (3Y) Balances recent behavior with more history.	0.20
Correlation (5Y) Shows whether the relationship held over a longer period.	0.17
Correlation (All Time) Calculated using the full available price history since Dec 31, 2019	0.22

Over the past year, AFQSX and OTRFX have become more correlated (0.45) than their long-term average of 0.22, meaning their price movements have been converging.

Return for Risk

AFQSX vs. OTRFX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AFQSX

AFQSX Risk / Return Rank: 83
AFQSX Sharpe Ratio Rank: 78
AFQSX Sortino Ratio Rank: 77
AFQSX Omega Ratio Rank: 81
AFQSX Calmar Ratio Rank: 91
AFQSX Martin Ratio Rank: 88

OTRFX

OTRFX Risk / Return Rank: 81
OTRFX Sharpe Ratio Rank: 90
OTRFX Sortino Ratio Rank: 86
OTRFX Omega Ratio Rank: 94
OTRFX Calmar Ratio Rank: 88
OTRFX Martin Ratio Rank: 47

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AFQSX vs. OTRFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alpha Fiduciary Quantitative Strategy Fund (AFQSX) and OnTrack Core Fund (OTRFX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AFQSX	OTRFX	Difference
Sharpe ratio: Return per unit of total volatility	1.80	2.27	-0.47
Sortino ratio: Return per unit of downside risk	2.62	3.09	-0.48
Omega ratio: Gain probability vs. loss probability	1.37	1.56	-0.19
Calmar ratio: Return relative to maximum drawdown	3.53	3.11	+0.42
Martin ratio: Return relative to average drawdown	11.54	6.54	+5.00

AFQSX vs. OTRFX - Sharpe Ratio Comparison

The current AFQSX Sharpe Ratio is 1.80, which is comparable to the OTRFX Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of AFQSX and OTRFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AFQSX vs. OTRFX - Drawdown Comparison

The maximum AFQSX drawdown since its inception was -93.01%, which is greater than OTRFX's maximum drawdown of -9.73%. Use the drawdown chart below to compare losses from any high point for AFQSX and OTRFX.

Drawdown Indicators

	AFQSX	OTRFX	Difference
Max Drawdown Largest peak-to-trough decline	-93.01%	-9.73%	-83.28%
Max Drawdown (1Y) Largest decline over 1 year	-6.01%	-3.02%	-2.99%
Max Drawdown (3Y) Largest decline over 3 years	-93.01%	-5.76%	-87.25%
Max Drawdown (5Y) Largest decline over 5 years	-93.01%	-9.51%	-83.50%
Max Drawdown (10Y) Largest decline over 10 years	—	-9.51%	—
Current Drawdown Current decline from peak	-90.50%	-1.21%	-89.29%
Average Drawdown Average peak-to-trough decline	-36.48%	-2.95%	-33.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.83%	1.43%	+0.40%

Volatility

AFQSX vs. OTRFX - Volatility Comparison

Alpha Fiduciary Quantitative Strategy Fund (AFQSX) has a higher volatility of 3.41% compared to OnTrack Core Fund (OTRFX) at 0.47%. This indicates that AFQSX's price experiences larger fluctuations and is considered to be riskier than OTRFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AFQSX	OTRFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.41%	0.47%	+2.94%
Volatility (6M) Calculated over the trailing 6-month period	9.88%	2.29%	+7.59%
Volatility (1Y) Calculated over the trailing 1-year period	11.78%	4.15%	+7.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	637.42%	3.07%	+634.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	555.86%	3.56%	+552.30%

AFQSX vs. OTRFX - Expense Ratio Comparison

AFQSX has a 1.70% expense ratio, which is lower than OTRFX's 2.58% expense ratio.

Dividends

AFQSX vs. OTRFX - Dividend Comparison

AFQSX has not paid dividends to shareholders, while OTRFX's dividend yield for the trailing twelve months is around 12.43%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AFQSX Alpha Fiduciary Quantitative Strategy Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
OTRFX OnTrack Core Fund	12.43%	13.04%	8.01%	0.14%	1.39%	7.10%	2.36%	1.38%	7.15%	2.69%	7.05%	6.15%

Frequently Asked Questions

Can I hold both AFQSX and OTRFX in my portfolio?

AFQSX and OTRFX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AFQSX or OTRFX?

AFQSX has higher volatility (3.41%) compared to OTRFX (0.47%). In terms of maximum drawdown, AFQSX dropped -93.01% vs OTRFX's -9.73%.

Which has better risk-adjusted returns?

OTRFX currently has the higher Sharpe Ratio (2.27 vs 1.80), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.