BCSVX vs. AQMNX
BCSVX (Brown Capital Management International Small Company Fund) and AQMNX (AQR Managed Futures Strategy Fund Class N) are both mutual funds - BCSVX is a Foreign Small & Mid Cap Equities fund managed by Brown Capital Management, while AQMNX is a Systematic Trend fund actively managed by AQR Funds. Over the past 10 years, BCSVX returned 7.19%/yr vs 4.80%/yr for AQMNX. At a correlation of -0.09, they often move in opposite directions. BCSVX charges 1.31%/yr vs 2.97%/yr for AQMNX.
Performance
BCSVX vs. AQMNX - Performance Comparison
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Returns By Period
In the year-to-date period, BCSVX achieves a -11.61% return, which is significantly lower than AQMNX's 13.50% return. Over the past 10 years, BCSVX has outperformed AQMNX with an annualized return of 7.19%, while AQMNX has yielded a comparatively lower 4.80% annualized return.
BCSVX
- 1D
- -1.92%
- 1M
- 0.72%
- YTD
- -11.61%
- 6M
- -13.04%
- 1Y
- -20.97%
- 3Y*
- 0.57%
- 5Y*
- -3.79%
- 10Y*
- 7.19%
AQMNX
- 1D
- 0.75%
- 1M
- 1.70%
- YTD
- 13.50%
- 6M
- 15.37%
- 1Y
- 25.38%
- 3Y*
- 12.45%
- 5Y*
- 12.57%
- 10Y*
- 4.80%
BCSVX vs. AQMNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BCSVX Brown Capital Management International Small Company Fund | -11.61% | -2.30% | 8.17% | 20.04% | -31.56% | 12.69% | 44.75% | 26.41% | -3.39% | 36.56% |
AQMNX AQR Managed Futures Strategy Fund Class N | 13.50% | 14.38% | 7.96% | 1.79% | 35.16% | -1.31% | -0.62% | 1.57% | -9.12% | -1.19% |
Correlation
The correlation between BCSVX and AQMNX is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | -0.09 |
The correlation between BCSVX and AQMNX shifts across timeframes, from -0.20 (5 years) to -0.06 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
BCSVX vs. AQMNX — Risk / Return Rank
BCSVX
AQMNX
BCSVX vs. AQMNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown Capital Management International Small Company Fund (BCSVX) and AQR Managed Futures Strategy Fund Class N (AQMNX). 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.
| BCSVX | AQMNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.18 | ||
| Sortino ratioReturn per unit of downside risk | -5.68 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.53 | -0.72 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | 8.19 | -8.81 |
| Martin ratioReturn relative to average drawdown | -1.19 | 26.01 | -27.21 |
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
| BCSVX | AQMNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.20 | 2.98 | -4.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.20 | 1.09 | -1.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.47 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.39 | +0.05 |
Drawdowns
BCSVX vs. AQMNX - Drawdown Comparison
The maximum BCSVX drawdown since its inception was -43.93%, which is greater than AQMNX's maximum drawdown of -27.50%. Use the drawdown chart below to compare losses from any high point for BCSVX and AQMNX.
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Drawdown Indicators
| BCSVX | AQMNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.93% | -27.50% | -16.43% |
Max Drawdown (1Y)Largest decline over 1 year | -32.35% | -3.15% | -29.20% |
Max Drawdown (3Y)Largest decline over 3 years | -32.35% | -13.70% | -18.65% |
Max Drawdown (5Y)Largest decline over 5 years | -43.93% | -13.70% | -30.23% |
Max Drawdown (10Y)Largest decline over 10 years | -43.93% | -24.13% | -19.80% |
Current DrawdownCurrent decline from peak | -26.37% | -0.00% | -26.37% |
Average DrawdownAverage peak-to-trough decline | -12.12% | -10.40% | -1.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.88% | 0.99% | +15.89% |
Volatility
BCSVX vs. AQMNX - Volatility Comparison
Brown Capital Management International Small Company Fund (BCSVX) has a higher volatility of 4.93% compared to AQR Managed Futures Strategy Fund Class N (AQMNX) at 2.63%. This indicates that BCSVX's price experiences larger fluctuations and is considered to be riskier than AQMNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCSVX | AQMNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 2.63% | +2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 13.76% | 6.66% | +7.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.90% | 8.64% | +8.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.67% | 11.55% | +7.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.13% | 10.33% | +6.80% |
BCSVX vs. AQMNX - Expense Ratio Comparison
BCSVX has a 1.31% expense ratio, which is lower than AQMNX's 2.97% expense ratio.
Dividends
BCSVX vs. AQMNX - Dividend Comparison
BCSVX's dividend yield for the trailing twelve months is around 0.42%, less than AQMNX's 1.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AQMNX AQR Managed Futures Strategy Fund Class N | 1.81% | 2.05% | 3.61% | 8.15% | 12.59% | 6.59% | 4.17% | 2.92% | 0.00% | 0.00% | 0.02% | 6.30% |
BCSVX Brown Capital Management International Small Company Fund | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% | 5.07% | 0.74% | 0.30% | 0.31% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BCSVX and AQMNX have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BCSVX has higher volatility (4.93%) compared to AQMNX (2.63%). In terms of maximum drawdown, BCSVX dropped -43.93% vs AQMNX's -27.50%.
AQMNX currently has the higher Sharpe Ratio (2.98 vs -1.20), 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.
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