MFTNX vs. QCFRX

Last updated Aug 5, 2026

MFTNX (Arrow Managed Futures Strategy Fund Institutional Class) and QCFRX (AQR CVX Fusion Fund Class R6) are both Systematic Trend funds. Their 0.63 correlation means they have sometimes moved together and sometimes differently. MFTNX charges 1.56%/yr vs 2.07%/yr for QCFRX.

Performance

MFTNX vs. QCFRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arrow Managed Futures Strategy Fund Institutional Class (MFTNX) and AQR CVX Fusion Fund Class R6 (QCFRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MFTNX achieves a 9.11% return, which is significantly lower than QCFRX's 15.12% return.

MFTNX

• 1D: -0.15%
• 1M: 0.29%
• 6M: -0.44%
• YTD: 9.11%
• 1Y: 38.82%
• 3Y*: 2.91%
• 5Y*: 11.48%
• 10Y*: 5.04%
• ALL TIME*: 3.96%

QCFRX

• 1D: 0.95%
• 1M: 2.48%
• 6M: 10.26%
• YTD: 15.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MFTNX Arrow Managed Futures Strategy Fund Institutional Class	$0.00	$0.00	$0.00
QCFRX AQR CVX Fusion Fund Class R6	$0.00	$0.00	$0.00

MFTNX vs. QCFRX - Yearly Performance Comparison

	2026 (YTD)	2025
MFTNX Arrow Managed Futures Strategy Fund Institutional Class	9.11%	9.44%
QCFRX AQR CVX Fusion Fund Class R6	15.12%	2.02%

Correlation

The correlation between MFTNX and QCFRX is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 6, 2025	0.63

Return for Risk

MFTNX vs. QCFRX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MFTNX

MFTNX Risk / Return Rank: 81
MFTNX Sharpe Ratio Rank: 85
MFTNX Sortino Ratio Rank: 79
MFTNX Omega Ratio Rank: 75
MFTNX Calmar Ratio Rank: 93
MFTNX Martin Ratio Rank: 76

QCFRX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MFTNX vs. QCFRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arrow Managed Futures Strategy Fund Institutional Class (MFTNX) and AQR CVX Fusion Fund Class R6 (QCFRX). 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.

	MFTNX	QCFRX	Difference
Sharpe ratio: Return per unit of total volatility	2.09	—	—
Sortino ratio: Return per unit of downside risk	2.77	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	4.06	—	—
Martin ratio: Return relative to average drawdown	10.08	—	—

Drawdowns

MFTNX vs. QCFRX - Drawdown Comparison

The maximum MFTNX drawdown since its inception was -35.58%, which is greater than QCFRX's maximum drawdown of -8.00%. Use the drawdown chart below to compare losses from any high point for MFTNX and QCFRX.

Drawdown Indicators

	MFTNX	QCFRX	Difference
Max Drawdown Largest peak-to-trough decline	-35.58%	-8.00%	-27.58%
Max Drawdown (1Y) Largest decline over 1 year	-9.74%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-32.45%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.45%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.58%	—	—
Current Drawdown Current decline from peak	-7.33%	-2.96%	-4.37%
Average Drawdown Average peak-to-trough decline	-12.82%	-2.08%	-10.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.92%	—	—

Volatility

Volatility by Period

	MFTNX	QCFRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.66%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.80%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.02%	15.16%	+3.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.79%	15.16%	+6.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.01%	15.16%	+6.85%

MFTNX vs. QCFRX - Expense Ratio Comparison

MFTNX has a 1.56% expense ratio, which is lower than QCFRX's 2.07% expense ratio.

Dividends

MFTNX vs. QCFRX - Dividend Comparison

MFTNX has not paid dividends to shareholders, while QCFRX's dividend yield for the trailing twelve months is around 6.81%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MFTNX Arrow Managed Futures Strategy Fund Institutional Class	0.00%	0.00%	0.00%	11.69%	40.52%	2.53%	0.00%	20.10%	8.43%	2.28%	9.35%	1.46%
QCFRX AQR CVX Fusion Fund Class R6	6.81%	7.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MFTNX and QCFRX in my portfolio?

MFTNX and QCFRX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.