AQMNX vs. LCSIX
Compare and contrast key facts about AQR Managed Futures Strategy Fund Class N (AQMNX) and LoCorr Long/Short Commodity Strategies Fund (LCSIX).
AQMNX is an actively managed fund by AQR Funds. It was launched on Jan 6, 2010. LCSIX is managed by LoCorr Funds. It was launched on Dec 29, 2011.
Performance
AQMNX vs. LCSIX - Performance Comparison
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AQMNX vs. LCSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AQMNX AQR Managed Futures Strategy Fund Class N | 9.49% | 14.38% | 7.96% | 1.79% | 35.16% | -1.31% | -0.62% | 1.57% | -9.12% | -1.19% |
LCSIX LoCorr Long/Short Commodity Strategies Fund | 2.78% | 1.13% | -8.29% | -3.07% | 6.04% | 14.90% | 9.90% | -5.97% | 15.16% | 6.19% |
Returns By Period
In the year-to-date period, AQMNX achieves a 9.49% return, which is significantly higher than LCSIX's 2.78% return. Over the past 10 years, AQMNX has outperformed LCSIX with an annualized return of 4.16%, while LCSIX has yielded a comparatively lower 2.75% annualized return.
AQMNX
- 1D
- -0.48%
- 1M
- 0.97%
- YTD
- 9.49%
- 6M
- 12.72%
- 1Y
- 19.86%
- 3Y*
- 13.01%
- 5Y*
- 12.29%
- 10Y*
- 4.16%
LCSIX
- 1D
- 0.00%
- 1M
- 0.80%
- YTD
- 2.78%
- 6M
- 1.05%
- 1Y
- 0.38%
- 3Y*
- -2.12%
- 5Y*
- 1.92%
- 10Y*
- 2.75%
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AQMNX vs. LCSIX - Expense Ratio Comparison
AQMNX has a 2.97% expense ratio, which is higher than LCSIX's 1.75% expense ratio.
Return for Risk
AQMNX vs. LCSIX — Risk / Return Rank
AQMNX
LCSIX
AQMNX vs. LCSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Managed Futures Strategy Fund Class N (AQMNX) and LoCorr Long/Short Commodity Strategies Fund (LCSIX). 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.
| AQMNX | LCSIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.16 | 0.04 | +2.12 |
Sortino ratioReturn per unit of downside risk | 2.70 | 0.10 | +2.61 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.01 | +0.39 |
Calmar ratioReturn relative to maximum drawdown | 3.96 | 0.24 | +3.72 |
Martin ratioReturn relative to average drawdown | 11.46 | 0.49 | +10.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AQMNX | LCSIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 0.04 | +2.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.08 | 0.34 | +0.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.41 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.46 | -0.09 |
Correlation
The correlation between AQMNX and LCSIX is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
AQMNX vs. LCSIX - Dividend Comparison
AQMNX's dividend yield for the trailing twelve months is around 1.87%, less than LCSIX's 2.26% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AQMNX AQR Managed Futures Strategy Fund Class N | 1.87% | 2.05% | 3.61% | 8.15% | 12.59% | 6.59% | 4.17% | 2.92% | 0.00% | 0.00% | 0.02% | 6.30% |
LCSIX LoCorr Long/Short Commodity Strategies Fund | 2.26% | 2.32% | 2.75% | 1.88% | 10.75% | 7.14% | 2.94% | 0.54% | 12.36% | 0.02% | 3.21% | 7.36% |
Drawdowns
AQMNX vs. LCSIX - Drawdown Comparison
The maximum AQMNX drawdown since its inception was -27.50%, which is greater than LCSIX's maximum drawdown of -25.13%. Use the drawdown chart below to compare losses from any high point for AQMNX and LCSIX.
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Drawdown Indicators
| AQMNX | LCSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.50% | -25.13% | -2.37% |
Max Drawdown (1Y)Largest decline over 1 year | -5.29% | -4.31% | -0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -13.70% | -13.21% | -0.49% |
Max Drawdown (10Y)Largest decline over 10 years | -24.13% | -13.71% | -10.42% |
Current DrawdownCurrent decline from peak | -0.95% | -8.74% | +7.79% |
Average DrawdownAverage peak-to-trough decline | -10.50% | -6.33% | -4.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 2.15% | -0.32% |
Volatility
AQMNX vs. LCSIX - Volatility Comparison
AQR Managed Futures Strategy Fund Class N (AQMNX) has a higher volatility of 2.59% compared to LoCorr Long/Short Commodity Strategies Fund (LCSIX) at 1.44%. This indicates that AQMNX's price experiences larger fluctuations and is considered to be riskier than LCSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AQMNX | LCSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 1.44% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 6.68% | 5.31% | +1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.48% | 6.95% | +2.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.48% | 5.58% | +5.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.32% | 6.71% | +3.61% |