MFTFX vs. QMHNX
MFTFX (Arrow Managed Futures Stragegy Fund) and QMHNX (AQR Managed Futures Strategy HV Fund Class N) are both Systematic Trend funds. Over the past 10 years, MFTFX returned 4.72%/yr vs 4.37%/yr for QMHNX. Their 0.67 correlation means they have sometimes moved together and sometimes differently. MFTFX charges 1.54%/yr vs 4.12%/yr for QMHNX.
Performance
MFTFX vs. QMHNX - Performance Comparison
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Returns By Period
In the year-to-date period, MFTFX achieves a 8.17% return, which is significantly lower than QMHNX's 12.31% return. Over the past 10 years, MFTFX has outperformed QMHNX with an annualized return of 4.72%, while QMHNX has yielded a comparatively lower 4.37% annualized return.
MFTFX
- 1D
- -0.90%
- 1M
- -0.30%
- 6M
- 0.91%
- YTD
- 8.17%
- 1Y
- 38.20%
- 3Y*
- 1.48%
- 5Y*
- 10.93%
- 10Y*
- 4.72%
- ALL TIME*
- 2.82%
QMHNX
- 1D
- 0.09%
- 1M
- 3.44%
- 6M
- 5.00%
- YTD
- 12.31%
- 1Y
- 30.37%
- 3Y*
- 15.03%
- 5Y*
- 17.32%
- 10Y*
- 4.37%
- ALL TIME*
- 5.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MFTFX vs. QMHNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MFTFX Arrow Managed Futures Stragegy Fund | 8.17% | 9.29% | 6.87% | -13.57% | 57.88% | 2.13% | -4.13% | 15.17% | -19.70% | 19.09% |
QMHNX AQR Managed Futures Strategy HV Fund Class N | 12.31% | 19.65% | 10.48% | -0.40% | 49.64% | -2.30% | -0.85% | 1.55% | -14.59% | -2.06% |
Correlation
The correlation between MFTFX and QMHNX is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.57 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.61 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.67 |
The correlation between MFTFX and QMHNX has been stable across timeframes, ranging from 0.57 to 0.67 - a consistent structural relationship.
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Return for Risk
MFTFX vs. QMHNX — Risk / Return Rank
MFTFX
QMHNX
MFTFX vs. QMHNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Arrow Managed Futures Stragegy Fund (MFTFX) and AQR Managed Futures Strategy HV Fund Class N (QMHNX). 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.
| MFTFX | QMHNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.32 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 3.10 | -0.16 |
| Martin ratioReturn relative to average drawdown | 7.39 | 10.65 | -3.26 |
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Drawdowns
MFTFX vs. QMHNX - Drawdown Comparison
The maximum MFTFX drawdown since its inception was -35.70%, smaller than the maximum QMHNX drawdown of -40.29%. Use the drawdown chart below to compare losses from any high point for MFTFX and QMHNX.
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Drawdown Indicators
| MFTFX | QMHNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.70% | -40.29% | +4.59% |
Max Drawdown (1Y)Largest decline over 1 year | -9.83% | -8.74% | -1.09% |
Max Drawdown (3Y)Largest decline over 3 years | -32.57% | -19.23% | -13.34% |
Max Drawdown (5Y)Largest decline over 5 years | -32.57% | -19.23% | -13.34% |
Max Drawdown (10Y)Largest decline over 10 years | -35.70% | -33.81% | -1.89% |
Current DrawdownCurrent decline from peak | -7.93% | -5.60% | -2.33% |
Average DrawdownAverage peak-to-trough decline | -16.87% | -18.10% | +1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.01% | 2.54% | +1.47% |
Volatility
MFTFX vs. QMHNX - Volatility Comparison
Arrow Managed Futures Stragegy Fund (MFTFX) has a higher volatility of 5.65% compared to AQR Managed Futures Strategy HV Fund Class N (QMHNX) at 5.28%. This indicates that MFTFX's price experiences larger fluctuations and is considered to be riskier than QMHNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MFTFX | QMHNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.65% | 5.28% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 12.30% | 10.96% | +1.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.54% | 14.14% | +5.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.86% | 17.27% | +4.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.08% | 15.29% | +6.79% |
MFTFX vs. QMHNX - Expense Ratio Comparison
MFTFX has a 1.54% expense ratio, which is lower than QMHNX's 4.12% expense ratio.
Dividends
MFTFX vs. QMHNX - Dividend Comparison
MFTFX has not paid dividends to shareholders, while QMHNX's dividend yield for the trailing twelve months is around 1.68%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFTFX Arrow Managed Futures Stragegy Fund | 0.00% | 0.00% | 0.00% | 11.75% | 41.04% | 2.30% | 0.00% | 20.00% | 7.84% | 2.12% | 9.36% | 1.21% |
QMHNX AQR Managed Futures Strategy HV Fund Class N | 1.68% | 1.89% | 2.09% | 7.36% | 8.75% | 10.64% | 7.79% | 3.80% | 0.00% | 0.00% | 0.01% | 7.47% |
Frequently Asked Questions
MFTFX and QMHNX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MFTFX has higher volatility (5.65%) compared to QMHNX (5.28%). In terms of maximum drawdown, MFTFX dropped -35.70% vs QMHNX's -40.29%.
QMHNX currently has the higher Sharpe Ratio (1.92 vs 1.48), 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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