AQMIX vs. AHLT

Last updated Apr 2, 2026

Compare and contrast key facts about AQR Managed Futures Strategy Fund (AQMIX) and American Beacon AHL Trend ETF (AHLT).

AQMIX is managed by AQR Funds. It was launched on Jan 5, 2010. AHLT is an actively managed fund by American Beacon. It was launched on Aug 30, 2023.

Performance

AQMIX vs. AHLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR Managed Futures Strategy Fund (AQMIX) and American Beacon AHL Trend ETF (AHLT). The values are adjusted to include any dividend payments, if applicable.

AQMIX vs. AHLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AQMIX AQR Managed Futures Strategy Fund	9.72%	14.62%	8.13%	-0.32%
AHLT American Beacon AHL Trend ETF	7.41%	13.73%	6.08%	-8.33%

Returns By Period

In the year-to-date period, AQMIX achieves a 9.72% return, which is significantly higher than AHLT's 7.41% return.

AQMIX

• 1D: -0.47%
• 1M: 0.96%
• YTD: 9.72%
• 6M: 12.93%
• 1Y: 20.27%
• 3Y*: 13.32%
• 5Y*: 12.58%
• 10Y*: 4.43%

AHLT

• 1D: 0.12%
• 1M: -3.25%
• YTD: 7.41%
• 6M: 17.23%
• 1Y: 23.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AQMIX vs. AHLT - Expense Ratio Comparison

AQMIX has a 1.25% expense ratio, which is higher than AHLT's 0.95% expense ratio.

AQMIX

AQR Managed Futures Strategy Fund

AHLT

American Beacon AHL Trend ETF

Return for Risk

AQMIX vs. AHLT — Risk / Return Rank

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

AQMIX

AQMIX Risk / Return Rank: 93
AQMIX Sharpe Ratio Rank: 94
AQMIX Sortino Ratio Rank: 91
AQMIX Omega Ratio Rank: 89
AQMIX Calmar Ratio Rank: 97
AQMIX Martin Ratio Rank: 93

AHLT

AHLT Risk / Return Rank: 64
AHLT Sharpe Ratio Rank: 69
AHLT Sortino Ratio Rank: 65
AHLT Omega Ratio Rank: 60
AHLT Calmar Ratio Rank: 80
AHLT Martin Ratio Rank: 49

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.

AQMIX vs. AHLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR Managed Futures Strategy Fund (AQMIX) and American Beacon AHL Trend ETF (AHLT). 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.

	AQMIX	AHLT	Difference
Sharpe ratio Return per unit of total volatility	2.16	1.26	+0.90
Sortino ratio Return per unit of downside risk	2.71	1.69	+1.01
Omega ratio Gain probability vs. loss probability	1.40	1.23	+0.17
Calmar ratio Return relative to maximum drawdown	3.92	2.39	+1.53
Martin ratio Return relative to average drawdown	11.52	5.07	+6.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AQMIX vs. AHLT - Sharpe Ratio Comparison

The current AQMIX Sharpe Ratio is 2.16, which is higher than the AHLT Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of AQMIX and AHLT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AQMIX	AHLT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.16	1.26	+0.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.10	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.39	+0.02

Correlation

The correlation between AQMIX and AHLT is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

AQMIX vs. AHLT - Dividend Comparison

AQMIX's dividend yield for the trailing twelve months is around 2.06%, more than AHLT's 1.58% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AQMIX AQR Managed Futures Strategy Fund	2.06%	2.26%	3.83%	8.39%	12.76%	6.94%	5.31%	3.13%	0.00%	0.00%	0.02%	6.51%
AHLT American Beacon AHL Trend ETF	1.58%	1.70%	0.00%	3.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

AQMIX vs. AHLT - Drawdown Comparison

The maximum AQMIX drawdown since its inception was -26.52%, which is greater than AHLT's maximum drawdown of -20.18%. Use the drawdown chart below to compare losses from any high point for AQMIX and AHLT.

Drawdown Indicators

	AQMIX	AHLT	Difference
Max Drawdown Largest peak-to-trough decline	-26.52%	-20.18%	-6.34%
Max Drawdown (1Y) Largest decline over 1 year	-5.45%	-9.39%	+3.94%
Max Drawdown (5Y) Largest decline over 5 years	-13.57%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-23.34%	—	—
Current Drawdown Current decline from peak	-0.94%	-4.84%	+3.90%
Average Drawdown Average peak-to-trough decline	-10.10%	-9.84%	-0.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	4.43%	-2.58%

Volatility

AQMIX vs. AHLT - Volatility Comparison

The current volatility for AQR Managed Futures Strategy Fund (AQMIX) is 2.58%, while American Beacon AHL Trend ETF (AHLT) has a volatility of 3.54%. This indicates that AQMIX experiences smaller price fluctuations and is considered to be less risky than AHLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AQMIX	AHLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.58%	3.54%	-0.96%
Volatility (6M) Calculated over the trailing 6-month period	6.71%	14.81%	-8.10%
Volatility (1Y) Calculated over the trailing 1-year period	9.62%	18.50%	-8.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.55%	17.78%	-6.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.36%	17.78%	-7.42%