AIMOX vs. QMHIX

Last updated Jun 4, 2026

AIMOX (AQR International Momentum Style Fund) and QMHIX (AQR Managed Futures Strategy HV Fund) are both mutual funds - AIMOX is a Foreign Large Cap Equities fund managed by AQR Funds, while QMHIX is a Systematic Trend fund managed by AQR Funds. At a 0.02 correlation, their price movements are largely independent. AIMOX charges 0.57%/yr vs 1.65%/yr for QMHIX.

Performance

AIMOX vs. QMHIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR International Momentum Style Fund (AIMOX) and AQR Managed Futures Strategy HV Fund (QMHIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AIMOX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QMHIX

• 1D: 0.78%
• 1M: 1.31%
• YTD: 17.77%
• 6M: 21.56%
• 1Y: 33.93%
• 3Y*: 16.36%
• 5Y*: 16.27%
• 10Y*: 5.74%

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

AIMOX vs. QMHIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AIMOX AQR International Momentum Style Fund	6.10%	34.89%	8.70%	16.69%	-19.43%	12.04%	16.57%	22.63%	-15.29%	25.25%
QMHIX AQR Managed Futures Strategy HV Fund	17.77%	19.97%	10.78%	-0.17%	50.14%	-2.08%	-0.73%	1.82%	-14.44%	-1.72%

Correlation

The correlation between AIMOX and QMHIX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	-0.04
Correlation (10Y) Calculated over the trailing 10-year period	0.04
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014	0.02

Over the past year, AIMOX and QMHIX have become more correlated (0.22) than their long-term average of 0.02, meaning their price movements have been converging.

Return for Risk

AIMOX vs. QMHIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QMHIX

QMHIX Risk / Return Rank: 82
QMHIX Sharpe Ratio Rank: 84
QMHIX Sortino Ratio Rank: 70
QMHIX Omega Ratio Rank: 68
QMHIX Calmar Ratio Rank: 97
QMHIX Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIMOX vs. QMHIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR International Momentum Style Fund (AIMOX) and AQR Managed Futures Strategy HV Fund (QMHIX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AIMOX	QMHIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.70	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.94	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.37	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.38	—

Drawdowns

Drawdown Indicators

	AIMOX	QMHIX	Difference
Max Drawdown Largest peak-to-trough decline	—	-39.37%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-4.83%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.06%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.06%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.54%	—
Current Drawdown Current decline from peak	—	-1.02%	—
Average Drawdown Average peak-to-trough decline	—	-17.82%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.63%	—

Volatility

Volatility by Period

	AIMOX	QMHIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.69%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.70%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	12.74%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	17.35%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	15.51%	—

AIMOX vs. QMHIX - Expense Ratio Comparison

AIMOX has a 0.57% expense ratio, which is lower than QMHIX's 1.65% expense ratio.

Dividends

AIMOX vs. QMHIX - Dividend Comparison

AIMOX's dividend yield for the trailing twelve months is around 20.85%, more than QMHIX's 1.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIMOX AQR International Momentum Style Fund	20.85%	15.20%	22.64%	13.66%	2.77%	2.22%	1.12%	2.34%	2.17%	2.19%	2.52%	1.62%
QMHIX AQR Managed Futures Strategy HV Fund	1.74%	2.05%	2.31%	7.66%	9.34%	10.96%	9.52%	4.18%	0.00%	0.00%	0.01%	7.57%

Frequently Asked Questions

Can I hold both AIMOX and QMHIX in my portfolio?

AIMOX and QMHIX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.