FPKFX vs. AQMNX
FPKFX (Fidelity Puritan K6 Fund) and AQMNX (AQR Managed Futures Strategy Fund Class N) are both mutual funds - FPKFX is a Diversified Portfolio fund managed by Fidelity, while AQMNX is a Systematic Trend fund actively managed by AQR Funds. Over the past 5 years, FPKFX returned 9.34%/yr vs 13.03%/yr for AQMNX. At a correlation of -0.05, they often move in opposite directions. FPKFX charges 0.32%/yr vs 2.97%/yr for AQMNX.
Performance
FPKFX vs. AQMNX - Performance Comparison
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Returns By Period
In the year-to-date period, FPKFX achieves a 9.87% return, which is significantly lower than AQMNX's 11.71% return.
FPKFX
- 1D
- -0.21%
- 1M
- 1.83%
- YTD
- 9.87%
- 6M
- 9.05%
- 1Y
- 21.37%
- 3Y*
- 16.49%
- 5Y*
- 9.34%
- 10Y*
- —
AQMNX
- 1D
- 1.15%
- 1M
- -0.38%
- YTD
- 11.71%
- 6M
- 12.31%
- 1Y
- 25.26%
- 3Y*
- 11.64%
- 5Y*
- 13.03%
- 10Y*
- 4.28%
FPKFX vs. AQMNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FPKFX Fidelity Puritan K6 Fund | 9.87% | 11.37% | 18.95% | 20.29% | -17.11% | 19.10% | 20.22% | 9.41% |
AQMNX AQR Managed Futures Strategy Fund Class N | 11.71% | 14.38% | 7.96% | 1.79% | 35.16% | -1.31% | -0.62% | -0.83% |
Correlation
The correlation between FPKFX and AQMNX is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2019 | -0.05 |
The correlation between FPKFX and AQMNX shifts across timeframes, from -0.07 (5 years) to 0.18 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FPKFX vs. AQMNX — Risk / Return Rank
FPKFX
AQMNX
FPKFX vs. AQMNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Puritan K6 Fund (FPKFX) 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.
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.
| FPKFX | AQMNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.52 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.97 | 8.19 | -5.22 |
| Martin ratioReturn relative to average drawdown | 13.01 | 25.27 | -12.25 |
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Drawdowns
FPKFX vs. AQMNX - Drawdown Comparison
The maximum FPKFX drawdown since its inception was -24.46%, smaller than the maximum AQMNX drawdown of -27.50%. Use the drawdown chart below to compare losses from any high point for FPKFX and AQMNX.
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Drawdown Indicators
| FPKFX | AQMNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.46% | -27.50% | +3.04% |
Max Drawdown (1Y)Largest decline over 1 year | -7.48% | -3.15% | -4.33% |
Max Drawdown (3Y)Largest decline over 3 years | -14.90% | -13.70% | -1.20% |
Max Drawdown (5Y)Largest decline over 5 years | -22.33% | -13.70% | -8.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.13% | — |
Current DrawdownCurrent decline from peak | -0.42% | -1.58% | +1.16% |
Average DrawdownAverage peak-to-trough decline | -4.77% | -10.37% | +5.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 1.02% | +0.68% |
Volatility
FPKFX vs. AQMNX - Volatility Comparison
Fidelity Puritan K6 Fund (FPKFX) has a higher volatility of 4.54% compared to AQR Managed Futures Strategy Fund Class N (AQMNX) at 2.80%. This indicates that FPKFX'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
| FPKFX | AQMNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.54% | 2.80% | +1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 8.97% | 6.83% | +2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.82% | 8.84% | +1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.76% | 11.52% | +1.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.34% | 10.32% | +4.02% |
FPKFX vs. AQMNX - Expense Ratio Comparison
FPKFX has a 0.32% expense ratio, which is lower than AQMNX's 2.97% expense ratio.
Dividends
FPKFX vs. AQMNX - Dividend Comparison
FPKFX's dividend yield for the trailing twelve months is around 3.82%, more than AQMNX's 1.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AQMNX AQR Managed Futures Strategy Fund Class N | 1.84% | 2.05% | 3.61% | 8.15% | 12.59% | 6.59% | 4.17% | 2.92% | 0.00% | 0.00% | 0.02% | 6.30% |
FPKFX Fidelity Puritan K6 Fund | 3.82% | 4.19% | 3.83% | 1.67% | 1.62% | 4.34% | 1.40% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FPKFX and AQMNX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FPKFX has higher volatility (4.54%) compared to AQMNX (2.80%). In terms of maximum drawdown, FPKFX dropped -24.46% vs AQMNX's -27.50%.
AQMNX currently has the higher Sharpe Ratio (2.92 vs 2.06), 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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