EVOIX vs. QCFIX

Last updated Jun 24, 2026

EVOIX (Altegris Futures Evolution Strategy Fund) and QCFIX (AQR CVX Fusion Fund Class I) are both Systematic Trend funds. At a 0.33 correlation, their price movements are largely independent. EVOIX charges 1.34%/yr vs 2.17%/yr for QCFIX.

Performance

EVOIX vs. QCFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Altegris Futures Evolution Strategy Fund (EVOIX) and AQR CVX Fusion Fund Class I (QCFIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EVOIX achieves a 7.38% return, which is significantly lower than QCFIX's 15.32% return.

EVOIX

• 1D: 0.60%
• 1M: -1.62%
• YTD: 7.38%
• 6M: 7.29%
• 1Y: 23.23%
• 3Y*: 5.24%
• 5Y*: 7.46%
• 10Y*: 3.19%

QCFIX

• 1D: 0.23%
• 1M: -0.54%
• YTD: 15.32%
• 6M: 14.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EVOIX vs. QCFIX - Yearly Performance Comparison

	2026 (YTD)	2025
EVOIX Altegris Futures Evolution Strategy Fund	7.38%	5.99%
QCFIX AQR CVX Fusion Fund Class I	15.32%	2.00%

Correlation

The correlation between EVOIX and QCFIX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 6, 2025	0.33

Return for Risk

EVOIX vs. QCFIX — Risk / Return Rank

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

EVOIX

EVOIX Risk / Return Rank: 77
EVOIX Sharpe Ratio Rank: 78
EVOIX Sortino Ratio Rank: 68
EVOIX Omega Ratio Rank: 71
EVOIX Calmar Ratio Rank: 91
EVOIX Martin Ratio Rank: 79

QCFIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

EVOIX vs. QCFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Altegris Futures Evolution Strategy Fund (EVOIX) and AQR CVX Fusion Fund Class I (QCFIX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	EVOIX	QCFIX	Difference
Sharpe ratio: Return per unit of total volatility	2.38	—	—
Sortino ratio: Return per unit of downside risk	3.15	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	4.51	—	—
Martin ratio: Return relative to average drawdown	13.72	—	—

Drawdowns

EVOIX vs. QCFIX - Drawdown Comparison

The maximum EVOIX drawdown since its inception was -29.57%, which is greater than QCFIX's maximum drawdown of -7.93%. Use the drawdown chart below to compare losses from any high point for EVOIX and QCFIX.

Drawdown Indicators

	EVOIX	QCFIX	Difference
Max Drawdown Largest peak-to-trough decline	-29.57%	-7.93%	-21.64%
Max Drawdown (1Y) Largest decline over 1 year	-5.32%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.80%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.80%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-29.57%	—	—
Current Drawdown Current decline from peak	-2.76%	-2.81%	+0.05%
Average Drawdown Average peak-to-trough decline	-8.14%	-1.69%	-6.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.74%	—	—

Volatility

Volatility by Period

	EVOIX	QCFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.18%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.79%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.11%	15.08%	-4.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.61%	15.08%	-5.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.47%	15.08%	-4.61%

EVOIX vs. QCFIX - Expense Ratio Comparison

EVOIX has a 1.34% expense ratio, which is lower than QCFIX's 2.17% expense ratio.

Dividends

EVOIX vs. QCFIX - Dividend Comparison

EVOIX's dividend yield for the trailing twelve months is around 9.28%, more than QCFIX's 6.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EVOIX Altegris Futures Evolution Strategy Fund	9.28%	11.11%	10.09%	1.71%	34.87%	9.73%	2.23%	1.63%	5.52%	1.57%	7.27%	9.05%
QCFIX AQR CVX Fusion Fund Class I	6.78%	7.82%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EVOIX and QCFIX in my portfolio?

EVOIX and QCFIX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.