DYMIX vs. QNZNX
DYMIX (Dynamic Alpha Macro Fund Institutional) and QNZNX (AQR Trend Total Return Fund) are both mutual funds - DYMIX is a Macro Trading fund actively managed by Dynamic Alpha Funds, while QNZNX is a Systematic Trend fund actively managed by AQR Funds. Both are actively managed. Over the past year, DYMIX returned 27.82% vs 38.56% for QNZNX. At a 0.26 correlation, their price movements are largely independent. DYMIX charges 1.98%/yr vs 1.52%/yr for QNZNX.
Performance
DYMIX vs. QNZNX - Performance Comparison
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Returns By Period
In the year-to-date period, DYMIX achieves a 7.54% return, which is significantly lower than QNZNX's 18.59% return.
DYMIX
- 1D
- -0.47%
- 1M
- 0.96%
- YTD
- 7.54%
- 6M
- 10.84%
- 1Y
- 27.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QNZNX
- 1D
- 0.37%
- 1M
- 4.05%
- YTD
- 18.59%
- 6M
- 20.46%
- 1Y
- 38.56%
- 3Y*
- 32.49%
- 5Y*
- —
- 10Y*
- —
DYMIX vs. QNZNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DYMIX Dynamic Alpha Macro Fund Institutional | 7.54% | 25.51% | 18.38% | 11.33% |
QNZNX AQR Trend Total Return Fund | 18.59% | 22.88% | 34.96% | 4.14% |
Correlation
The correlation between DYMIX and QNZNX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2023 | 0.26 |
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Return for Risk
DYMIX vs. QNZNX — Risk / Return Rank
DYMIX
QNZNX
DYMIX vs. QNZNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Alpha Macro Fund Institutional (DYMIX) and AQR Trend Total Return Fund (QNZNX). 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.
| DYMIX | QNZNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.65 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 7.96 | -5.73 |
| Martin ratioReturn relative to average drawdown | 5.11 | 32.01 | -26.90 |
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
| DYMIX | QNZNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 3.61 | -1.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.71 | 1.98 | -0.26 |
Drawdowns
DYMIX vs. QNZNX - Drawdown Comparison
The maximum DYMIX drawdown since its inception was -12.95%, smaller than the maximum QNZNX drawdown of -18.38%. Use the drawdown chart below to compare losses from any high point for DYMIX and QNZNX.
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Drawdown Indicators
| DYMIX | QNZNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.95% | -18.38% | +5.43% |
Max Drawdown (1Y)Largest decline over 1 year | -12.95% | -4.88% | -8.07% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.48% | — |
Current DrawdownCurrent decline from peak | -9.38% | 0.00% | -9.38% |
Average DrawdownAverage peak-to-trough decline | -3.77% | -2.77% | -1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.62% | 1.21% | +4.41% |
Volatility
DYMIX vs. QNZNX - Volatility Comparison
Dynamic Alpha Macro Fund Institutional (DYMIX) has a higher volatility of 2.79% compared to AQR Trend Total Return Fund (QNZNX) at 2.29%. This indicates that DYMIX's price experiences larger fluctuations and is considered to be riskier than QNZNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DYMIX | QNZNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 2.29% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 11.28% | 7.12% | +4.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.33% | 10.77% | +4.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.42% | 12.05% | +2.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.42% | 12.05% | +2.37% |
DYMIX vs. QNZNX - Expense Ratio Comparison
DYMIX has a 1.98% expense ratio, which is higher than QNZNX's 1.52% expense ratio.
Dividends
DYMIX vs. QNZNX - Dividend Comparison
DYMIX's dividend yield for the trailing twelve months is around 6.34%, more than QNZNX's 0.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DYMIX Dynamic Alpha Macro Fund Institutional | 6.34% | 6.82% | 7.12% | 0.42% | 0.00% |
QNZNX AQR Trend Total Return Fund | 0.72% | 0.86% | 16.46% | 23.14% | 2.04% |
Frequently Asked Questions
DYMIX and QNZNX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DYMIX has higher volatility (2.79%) compared to QNZNX (2.29%). In terms of maximum drawdown, DYMIX dropped -12.95% vs QNZNX's -18.38%.
QNZNX currently has the higher Sharpe Ratio (3.61 vs 1.88), 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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