LFMAX vs. QCFIX

Last updated Apr 2, 2026

Compare and contrast key facts about LoCorr Macro Strategies Fund (LFMAX) and AQR CVX Fusion Fund Class I (QCFIX).

LFMAX is managed by LoCorr Funds. It was launched on Mar 21, 2011. QCFIX is an actively managed fund by AQR. It was launched on Jun 18, 2025.

Performance

LFMAX vs. QCFIX - Performance Comparison

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

LFMAX vs. QCFIX - Yearly Performance Comparison

	2026 (YTD)	2025
LFMAX LoCorr Macro Strategies Fund	8.67%	0.71%
QCFIX AQR CVX Fusion Fund Class I	0.90%	2.00%

Returns By Period

In the year-to-date period, LFMAX achieves a 8.67% return, which is significantly higher than QCFIX's 0.90% return.

LFMAX

• 1D: 0.12%
• 1M: 2.61%
• YTD: 8.67%
• 6M: 9.73%
• 1Y: 11.60%
• 3Y*: 4.90%
• 5Y*: 4.25%
• 10Y*: 3.85%

QCFIX

• 1D: 2.56%
• 1M: -4.19%
• YTD: 0.90%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LFMAX vs. QCFIX - Expense Ratio Comparison

LFMAX has a 2.13% expense ratio, which is lower than QCFIX's 2.17% expense ratio.

QCFIX

AQR CVX Fusion Fund Class I

LFMAX

LoCorr Macro Strategies Fund

Return for Risk

LFMAX vs. QCFIX — Risk / Return Rank

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

LFMAX

LFMAX Risk / Return Rank: 91
LFMAX Sharpe Ratio Rank: 91
LFMAX Sortino Ratio Rank: 93
LFMAX Omega Ratio Rank: 86
LFMAX Calmar Ratio Rank: 96
LFMAX Martin Ratio Rank: 89

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.

LFMAX vs. QCFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LoCorr Macro Strategies Fund (LFMAX) 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.

	LFMAX	QCFIX	Difference
Sharpe ratio Return per unit of total volatility	2.00	—	—
Sortino ratio Return per unit of downside risk	2.91	—	—
Omega ratio Gain probability vs. loss probability	1.37	—	—
Calmar ratio Return relative to maximum drawdown	3.85	—	—
Martin ratio Return relative to average drawdown	10.20	—	—
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

	LFMAX	QCFIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.50	-0.16

Correlation

The correlation between LFMAX and QCFIX is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

LFMAX vs. QCFIX - Dividend Comparison

LFMAX's dividend yield for the trailing twelve months is around 2.71%, less than QCFIX's 7.75% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LFMAX LoCorr Macro Strategies Fund	2.71%	2.94%	2.88%	2.96%	14.38%	4.79%	5.65%	4.48%	2.83%	5.98%	1.97%	2.87%
QCFIX AQR CVX Fusion Fund Class I	7.75%	7.82%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

LFMAX vs. QCFIX - Drawdown Comparison

The maximum LFMAX drawdown since its inception was -23.16%, which is greater than QCFIX's maximum drawdown of -7.93%. Use the drawdown chart below to compare losses from any high point for LFMAX and QCFIX.

Drawdown Indicators

	LFMAX	QCFIX	Difference
Max Drawdown Largest peak-to-trough decline	-23.16%	-7.93%	-15.23%
Max Drawdown (1Y) Largest decline over 1 year	-3.01%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-12.54%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-12.54%	—	—
Current Drawdown Current decline from peak	0.00%	-5.56%	+5.56%
Average Drawdown Average peak-to-trough decline	-7.13%	-1.95%	-5.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.14%	—	—

Volatility

Volatility by Period

	LFMAX	QCFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.76%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.56%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.81%	16.47%	-10.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.27%	16.47%	-9.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.63%	16.47%	-8.84%