AQMNX vs. PQTPX
Compare and contrast key facts about AQR Managed Futures Strategy Fund Class N (AQMNX) and PIMCO TRENDS Managed Futures Strategy Fund (PQTPX).
AQMNX is an actively managed fund by AQR Funds. It was launched on Jan 6, 2010. PQTPX is managed by PIMCO. It was launched on Dec 30, 2013.
Performance
AQMNX vs. PQTPX - Performance Comparison
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AQMNX vs. PQTPX - 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% |
PQTPX PIMCO TRENDS Managed Futures Strategy Fund | 3.86% | 2.41% | -3.08% | -4.21% | 11.37% | 14.83% | 9.72% | 2.83% | 2.30% | 2.21% |
Returns By Period
In the year-to-date period, AQMNX achieves a 9.49% return, which is significantly higher than PQTPX's 3.86% return. Over the past 10 years, AQMNX has outperformed PQTPX with an annualized return of 4.16%, while PQTPX has yielded a comparatively lower 3.67% 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%
PQTPX
- 1D
- -0.72%
- 1M
- -2.39%
- YTD
- 3.86%
- 6M
- 9.10%
- 1Y
- 11.41%
- 3Y*
- 1.82%
- 5Y*
- 4.08%
- 10Y*
- 3.67%
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AQMNX vs. PQTPX - Expense Ratio Comparison
AQMNX has a 2.97% expense ratio, which is higher than PQTPX's 1.51% expense ratio.
Return for Risk
AQMNX vs. PQTPX — Risk / Return Rank
AQMNX
PQTPX
AQMNX vs. PQTPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Managed Futures Strategy Fund Class N (AQMNX) and PIMCO TRENDS Managed Futures Strategy Fund (PQTPX). 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 | PQTPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.16 | 1.30 | +0.85 |
Sortino ratioReturn per unit of downside risk | 2.70 | 1.78 | +0.93 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.23 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 3.96 | 1.41 | +2.55 |
Martin ratioReturn relative to average drawdown | 11.46 | 3.42 | +8.05 |
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 | PQTPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 1.30 | +0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.08 | 0.42 | +0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.39 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.45 | -0.08 |
Correlation
The correlation between AQMNX and PQTPX is 0.65, 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
AQMNX vs. PQTPX - Dividend Comparison
AQMNX's dividend yield for the trailing twelve months is around 1.87%, while PQTPX has not paid dividends to shareholders.
| 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% |
PQTPX PIMCO TRENDS Managed Futures Strategy Fund | 0.00% | 0.00% | 0.00% | 0.00% | 14.80% | 2.40% | 5.63% | 2.49% | 0.32% | 0.20% | 0.00% | 7.57% |
Drawdowns
AQMNX vs. PQTPX - Drawdown Comparison
The maximum AQMNX drawdown since its inception was -27.50%, roughly equal to the maximum PQTPX drawdown of -27.86%. Use the drawdown chart below to compare losses from any high point for AQMNX and PQTPX.
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Drawdown Indicators
| AQMNX | PQTPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.50% | -27.86% | +0.36% |
Max Drawdown (1Y)Largest decline over 1 year | -5.29% | -8.02% | +2.73% |
Max Drawdown (5Y)Largest decline over 5 years | -13.70% | -27.86% | +14.16% |
Max Drawdown (10Y)Largest decline over 10 years | -24.13% | -27.86% | +3.73% |
Current DrawdownCurrent decline from peak | -0.95% | -13.32% | +12.37% |
Average DrawdownAverage peak-to-trough decline | -10.50% | -9.37% | -1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 3.31% | -1.48% |
Volatility
AQMNX vs. PQTPX - Volatility Comparison
The current volatility for AQR Managed Futures Strategy Fund Class N (AQMNX) is 2.59%, while PIMCO TRENDS Managed Futures Strategy Fund (PQTPX) has a volatility of 3.63%. This indicates that AQMNX experiences smaller price fluctuations and is considered to be less risky than PQTPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AQMNX | PQTPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 3.63% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 6.68% | 6.73% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.48% | 8.75% | +0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.48% | 9.87% | +1.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.32% | 9.36% | +0.96% |