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LOTIX vs. QNZIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LOTIX vs. QNZIX

Last updated Jun 23, 2026

LOTIX (LoCorr Market Trend Fund) and QNZIX (AQR Trend Total Return Fund Class I) are both Systematic Trend funds. Over the past 3 years, LOTIX returned 6.61%/yr vs 29.91%/yr for QNZIX. At a 0.42 correlation, their price movements are largely independent. LOTIX charges 1.75%/yr vs 1.27%/yr for QNZIX.

Performance

LOTIX vs. QNZIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LoCorr Market Trend Fund (LOTIX) and AQR Trend Total Return Fund Class I (QNZIX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, LOTIX achieves a 23.15% return, which is significantly higher than QNZIX's 14.62% return.

LOTIX

1D
1.03%
1M
-1.16%
YTD
23.15%
6M
23.26%
1Y
39.79%
3Y*
6.61%
5Y*
8.87%
10Y*
4.86%

QNZIX

1D
-0.05%
1M
-1.39%
YTD
14.62%
6M
14.98%
1Y
36.82%
3Y*
29.91%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

LOTIX vs. QNZIX - Yearly Performance Comparison

2026 (YTD)2025202420232022
LOTIX
LoCorr Market Trend Fund		23.15%4.07%5.74%-10.95%9.88%
QNZIX
AQR Trend Total Return Fund Class I		14.62%23.26%35.22%23.03%1.57%

Correlation

The correlation between LOTIX and QNZIX is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.69

Correlation (3Y)
Calculated over the trailing 3-year period

0.57

Correlation (All Time)
Calculated using the full available price history since Mar 17, 2022

0.42

Over the past year, LOTIX and QNZIX have become more correlated (0.69) than their long-term average of 0.42, meaning their price movements have been converging.

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LoCorr Market Trend Fund

AQR Trend Total Return Fund Class I

Often compared with LOTIX:
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Often compared with QNZIX:
QNZIX vs. QLEIXQNZIX vs. QRPIXQNZIX vs. QDSIXQNZIX vs. MMTMQNZIX vs. CEFSQNZIX vs. QAIQNZIX vs. QLENX

Return for Risk

LOTIX vs. QNZIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LOTIX
LOTIX Risk / Return Rank: 9595
Overall Rank
LOTIX Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
LOTIX Sortino Ratio Rank: 9393
Sortino Ratio Rank
LOTIX Omega Ratio Rank: 8787
Omega Ratio Rank
LOTIX Calmar Ratio Rank: 9898
Calmar Ratio Rank
LOTIX Martin Ratio Rank: 9797
Martin Ratio Rank
QNZIX
QNZIX Risk / Return Rank: 9595
Overall Rank
QNZIX Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
QNZIX Sortino Ratio Rank: 9292
Sortino Ratio Rank
QNZIX Omega Ratio Rank: 8888
Omega Ratio Rank
QNZIX Calmar Ratio Rank: 9898
Calmar Ratio Rank
QNZIX Martin Ratio Rank: 9898
Martin Ratio Rank
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.

LOTIX vs. QNZIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LoCorr Market Trend Fund (LOTIX) and AQR Trend Total Return Fund Class I (QNZIX). 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.

LOTIXQNZIXDifference
Sharpe ratioReturn per unit of total volatility
3.31
3.30

+0.01

Sortino ratioReturn per unit of downside risk
4.43
4.26

+0.16

Omega ratioGain probability vs. loss probability

1.57

1.59

-0.01

Calmar ratioReturn relative to maximum drawdown

8.16

7.46

+0.70

Martin ratioReturn relative to average drawdown

24.47

27.01

-2.54

LOTIX vs. QNZIX - Sharpe Ratio Comparison

The current LOTIX Sharpe Ratio is 3.31, which is comparable to the QNZIX Sharpe Ratio of 3.30. The chart below compares the historical Sharpe Ratios of LOTIX and QNZIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

LOTIX vs. QNZIX - Drawdown Comparison

The maximum LOTIX drawdown since its inception was -28.32%, which is greater than QNZIX's maximum drawdown of -18.35%. Use the drawdown chart below to compare losses from any high point for LOTIX and QNZIX.

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Drawdown Indicators

LOTIXQNZIXDifference

Max Drawdown

Largest peak-to-trough decline

-28.32%

-18.35%

-9.97%

Max Drawdown (1Y)

Largest decline over 1 year

-4.85%

-4.86%

+0.01%

Max Drawdown (3Y)

Largest decline over 3 years

-20.20%

-13.51%

-6.69%

Max Drawdown (5Y)

Largest decline over 5 years

-22.17%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-25.83%

—

—

Current Drawdown

Current decline from peak

-2.57%

-3.41%

+0.84%

Average Drawdown

Average peak-to-trough decline

-10.75%

-2.76%

-7.99%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.61%

1.34%

+0.27%

Volatility

LOTIX vs. QNZIX - Volatility Comparison

LoCorr Market Trend Fund (LOTIX) has a higher volatility of 3.51% compared to AQR Trend Total Return Fund Class I (QNZIX) at 3.30%. This indicates that LOTIX's price experiences larger fluctuations and is considered to be riskier than QNZIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

LOTIXQNZIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.51%

3.30%

+0.21%

Volatility (6M)

Calculated over the trailing 6-month period

8.89%

7.49%

+1.40%

Volatility (1Y)

Calculated over the trailing 1-year period

11.96%

11.00%

+0.96%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.21%

12.04%

+1.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.21%

12.04%

+1.17%

LOTIX vs. QNZIX - Expense Ratio Comparison

LOTIX has a 1.75% expense ratio, which is higher than QNZIX's 1.27% expense ratio.

Dividends

LOTIX vs. QNZIX - Dividend Comparison

LOTIX's dividend yield for the trailing twelve months is around 2.13%, more than QNZIX's 0.93% yield.

PositionTTM20252024202320222021202020192018201720162015
LOTIX
LoCorr Market Trend Fund		2.13%2.62%5.66%2.73%17.57%3.62%0.24%1.33%0.00%0.00%1.89%0.93%
QNZIX
AQR Trend Total Return Fund Class I		0.93%1.07%16.81%23.32%2.14%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

LOTIX and QNZIX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

LOTIX has higher volatility (3.51%) compared to QNZIX (3.30%). In terms of maximum drawdown, LOTIX dropped -28.32% vs QNZIX's -18.35%.

LOTIX currently has the higher Sharpe Ratio (3.31 vs 3.30), 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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