OTRFX vs. QGMIX
OTRFX (OnTrack Core Fund) and QGMIX (AQR Macro Opportunities Fund) are both mutual funds - OTRFX is a Tactical Allocation fund managed by Advisors Preferred, while QGMIX is a Multistrategy fund managed by AQR. Over the past 10 years, OTRFX returned 5.20%/yr vs 3.62%/yr for QGMIX. Their 0.09 correlation means their historical movements had little consistent relationship. OTRFX charges 2.58%/yr vs 1.20%/yr for QGMIX.
Performance
OTRFX vs. QGMIX - Performance Comparison
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Returns By Period
In the year-to-date period, OTRFX achieves a 4.93% return, which is significantly higher than QGMIX's -0.61% return. Over the past 10 years, OTRFX has outperformed QGMIX with an annualized return of 5.20%, while QGMIX has yielded a comparatively lower 3.62% annualized return.
OTRFX
- 1D
- 0.10%
- 1M
- -0.10%
- 6M
- 1.36%
- YTD
- 4.93%
- 1Y
- 9.39%
- 3Y*
- 5.76%
- 5Y*
- 1.79%
- 10Y*
- 5.20%
- ALL TIME*
- 4.35%
QGMIX
- 1D
- -0.21%
- 1M
- 0.21%
- 6M
- -4.05%
- YTD
- -0.61%
- 1Y
- 0.52%
- 3Y*
- 1.87%
- 5Y*
- 4.93%
- 10Y*
- 3.62%
- ALL TIME*
- 3.08%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
OTRFX OnTrack Core Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
OTRFX vs. QGMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OTRFX OnTrack Core Fund | 4.93% | 6.12% | -0.12% | 5.37% | -5.82% | 3.94% | 29.03% | 6.86% | -4.70% | 6.49% |
QGMIX AQR Macro Opportunities Fund | -0.61% | 4.00% | -0.95% | 0.01% | 29.30% | -4.54% | 1.60% | 4.90% | 7.80% | -3.38% |
Correlation
The correlation between OTRFX and QGMIX is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (3Y) Balances recent behavior with more history. | 0.21 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.10 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.09 |
Over the past year, OTRFX and QGMIX have become more correlated (0.29) than their long-term average of 0.09, meaning their price movements have been converging.
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Return for Risk
OTRFX vs. QGMIX — Risk / Return Rank
OTRFX
QGMIX
OTRFX vs. QGMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for OnTrack Core Fund (OTRFX) and AQR Macro Opportunities Fund (QGMIX). 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.
| OTRFX | QGMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.50 | ||
| Sortino ratioReturn per unit of downside risk | +3.38 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 0.97 | +0.60 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | -0.25 | +3.36 |
| Martin ratioReturn relative to average drawdown | 6.54 | -0.54 | +7.08 |
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Drawdowns
OTRFX vs. QGMIX - Drawdown Comparison
The maximum OTRFX drawdown since its inception was -9.73%, smaller than the maximum QGMIX drawdown of -13.48%. Use the drawdown chart below to compare losses from any high point for OTRFX and QGMIX.
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Drawdown Indicators
| OTRFX | QGMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.73% | -13.48% | +3.75% |
Max Drawdown (1Y)Largest decline over 1 year | -3.02% | -5.47% | +2.45% |
Max Drawdown (3Y)Largest decline over 3 years | -5.76% | -13.48% | +7.72% |
Max Drawdown (5Y)Largest decline over 5 years | -9.51% | -13.48% | +3.97% |
Max Drawdown (10Y)Largest decline over 10 years | -9.51% | -13.48% | +3.97% |
Current DrawdownCurrent decline from peak | -1.21% | -5.24% | +4.03% |
Average DrawdownAverage peak-to-trough decline | -2.95% | -3.95% | +1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 2.60% | -1.17% |
Volatility
OTRFX vs. QGMIX - Volatility Comparison
The current volatility for OnTrack Core Fund (OTRFX) is 0.47%, while AQR Macro Opportunities Fund (QGMIX) has a volatility of 1.90%. This indicates that OTRFX experiences smaller price fluctuations and is considered to be less risky than QGMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OTRFX | QGMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.47% | 1.90% | -1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 2.29% | 4.17% | -1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.15% | 5.94% | -1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.07% | 9.83% | -6.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.56% | 8.38% | -4.82% |
OTRFX vs. QGMIX - Expense Ratio Comparison
OTRFX has a 2.58% expense ratio, which is higher than QGMIX's 1.20% expense ratio.
Dividends
OTRFX vs. QGMIX - Dividend Comparison
OTRFX's dividend yield for the trailing twelve months is around 12.43%, more than QGMIX's 1.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OTRFX OnTrack Core Fund | 12.43% | 13.04% | 8.01% | 0.14% | 1.39% | 7.10% | 2.36% | 1.38% | 7.15% | 2.69% | 7.05% | 6.15% |
QGMIX AQR Macro Opportunities Fund | 1.45% | 1.44% | 1.92% | 10.07% | 7.48% | 1.49% | 0.96% | 0.05% | 3.92% | 0.04% | 6.05% | 5.30% |
Frequently Asked Questions
OTRFX and QGMIX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QGMIX has higher volatility (1.90%) compared to OTRFX (0.47%). In terms of maximum drawdown, OTRFX dropped -9.73% vs QGMIX's -13.48%.
OTRFX currently has the higher Sharpe Ratio (2.27 vs -0.24), 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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