GFIRX vs. QCFNX

Last updated Apr 1, 2026

Compare and contrast key facts about Goldman Sachs Managed Futures Strategy Fund (GFIRX) and AQR CVX Fusion Fund Class N (QCFNX).

GFIRX is managed by Goldman Sachs. It was launched on Feb 28, 2012. QCFNX is an actively managed fund by AQR. It was launched on Jun 18, 2025.

Performance

GFIRX vs. QCFNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Managed Futures Strategy Fund (GFIRX) and AQR CVX Fusion Fund Class N (QCFNX). The values are adjusted to include any dividend payments, if applicable.

GFIRX vs. QCFNX - Yearly Performance Comparison

	2026 (YTD)	2025
GFIRX Goldman Sachs Managed Futures Strategy Fund	0.43%	1.76%
QCFNX AQR CVX Fusion Fund Class N	-1.71%	1.98%

Returns By Period

In the year-to-date period, GFIRX achieves a 0.43% return, which is significantly higher than QCFNX's -1.71% return.

GFIRX

• 1D: -0.54%
• 1M: -3.44%
• YTD: 0.43%
• 6M: 3.58%
• 1Y: 8.17%
• 3Y*: -0.21%
• 5Y*: 2.49%
• 10Y*: 2.35%

QCFNX

• 1D: -0.64%
• 1M: -6.44%
• YTD: -1.71%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GFIRX vs. QCFNX - Expense Ratio Comparison

GFIRX has a 1.33% expense ratio, which is lower than QCFNX's 2.42% expense ratio.

QCFNX

AQR CVX Fusion Fund Class N

GFIRX

Goldman Sachs Managed Futures Strategy Fund

Return for Risk

GFIRX vs. QCFNX — Risk / Return Rank

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

GFIRX

GFIRX Risk / Return Rank: 44
GFIRX Sharpe Ratio Rank: 43
GFIRX Sortino Ratio Rank: 39
GFIRX Omega Ratio Rank: 35
GFIRX Calmar Ratio Rank: 59
GFIRX Martin Ratio Rank: 41

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.

GFIRX vs. QCFNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Managed Futures Strategy Fund (GFIRX) and AQR CVX Fusion Fund Class N (QCFNX). 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.

	GFIRX	QCFNX	Difference
Sharpe ratio Return per unit of total volatility	0.89	—	—
Sortino ratio Return per unit of downside risk	1.26	—	—
Omega ratio Gain probability vs. loss probability	1.17	—	—
Calmar ratio Return relative to maximum drawdown	1.38	—	—
Martin ratio Return relative to average drawdown	4.28	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GFIRX	QCFNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.89	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.26	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.04	+0.19

Correlation

The correlation between GFIRX and QCFNX is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

GFIRX vs. QCFNX - Dividend Comparison

GFIRX has not paid dividends to shareholders, while QCFNX's dividend yield for the trailing twelve months is around 7.86%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GFIRX Goldman Sachs Managed Futures Strategy Fund	0.00%	0.00%	0.00%	0.00%	20.11%	7.35%	1.21%	7.06%	0.16%	0.49%	0.00%	3.98%
QCFNX AQR CVX Fusion Fund Class N	7.86%	7.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

GFIRX vs. QCFNX - Drawdown Comparison

The maximum GFIRX drawdown since its inception was -23.09%, which is greater than QCFNX's maximum drawdown of -8.02%. Use the drawdown chart below to compare losses from any high point for GFIRX and QCFNX.

Drawdown Indicators

	GFIRX	QCFNX	Difference
Max Drawdown Largest peak-to-trough decline	-23.09%	-8.02%	-15.07%
Max Drawdown (1Y) Largest decline over 1 year	-5.37%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.09%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-23.09%	—	—
Current Drawdown Current decline from peak	-12.09%	-8.02%	-4.07%
Average Drawdown Average peak-to-trough decline	-7.00%	-1.94%	-5.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	—	—

Volatility

Volatility by Period

	GFIRX	QCFNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.28%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.24%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.81%	16.02%	-7.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.37%	16.02%	-5.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.04%	16.02%	-6.98%