PIMSX vs. AQMIX
PIMSX (Virtus Newfleet Multi-Sector S/T Bd I) and AQMIX (AQR Managed Futures Strategy Fund - Class I) are both mutual funds - PIMSX is a Short-Term Bond fund managed by Virtus, while AQMIX is a Systematic Trend fund managed by AQR. Over the past 10 years, PIMSX returned 2.99%/yr vs 4.33%/yr for AQMIX. Their -0.10 correlation means they have often moved in opposite directions in the past. PIMSX charges 0.65%/yr vs 1.25%/yr for AQMIX.
Performance
PIMSX vs. AQMIX - Performance Comparison
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Returns By Period
In the year-to-date period, PIMSX achieves a 1.42% return, which is significantly lower than AQMIX's 10.24% return. Over the past 10 years, PIMSX has underperformed AQMIX with an annualized return of 2.99%, while AQMIX has yielded a comparatively higher 4.33% annualized return.
PIMSX
- 1D
- 0.00%
- 1M
- -0.44%
- 6M
- 0.81%
- YTD
- 1.42%
- 1Y
- 3.66%
- 3Y*
- 5.74%
- 5Y*
- 2.82%
- 10Y*
- 2.99%
- ALL TIME*
- 3.77%
AQMIX
- 1D
- -0.09%
- 1M
- 2.13%
- 6M
- 5.39%
- YTD
- 10.24%
- 1Y
- 23.61%
- 3Y*
- 11.95%
- 5Y*
- 13.71%
- 10Y*
- 4.33%
- ALL TIME*
- 3.97%
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 |
PIMSX vs. AQMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIMSX Virtus Newfleet Multi-Sector S/T Bd I | 1.42% | 6.08% | 5.90% | 7.16% | -5.52% | 0.20% | 4.58% | 6.40% | -0.53% | 3.93% |
AQMIX AQR Managed Futures Strategy Fund - Class I | 10.24% | 14.62% | 8.13% | 2.08% | 35.47% | -1.04% | -0.43% | 1.92% | -8.88% | -0.97% |
Correlation
The correlation between PIMSX and AQMIX is -0.25, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.25 |
Correlation (3Y) Balances recent behavior with more history. | -0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.34 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.19 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2010 | -0.10 |
The correlation between PIMSX and AQMIX shifts across timeframes, from -0.34 (5 years) to -0.10 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PIMSX vs. AQMIX — Risk / Return Rank
PIMSX
AQMIX
PIMSX vs. AQMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Multi-Sector S/T Bd I (PIMSX) and AQR Managed Futures Strategy Fund - Class I (AQMIX). 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.
| PIMSX | AQMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.39 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | 4.20 | -0.89 |
| Martin ratioReturn relative to average drawdown | 12.99 | 14.43 | -1.43 |
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Drawdowns
PIMSX vs. AQMIX - Drawdown Comparison
The maximum PIMSX drawdown since its inception was -18.10%, smaller than the maximum AQMIX drawdown of -26.52%. Use the drawdown chart below to compare losses from any high point for PIMSX and AQMIX.
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Drawdown Indicators
| PIMSX | AQMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.10% | -26.52% | +8.42% |
Max Drawdown (1Y)Largest decline over 1 year | -1.30% | -5.14% | +3.84% |
Max Drawdown (3Y)Largest decline over 3 years | -1.30% | -13.57% | +12.27% |
Max Drawdown (5Y)Largest decline over 5 years | -8.06% | -13.57% | +5.51% |
Max Drawdown (10Y)Largest decline over 10 years | -10.69% | -22.17% | +11.48% |
Current DrawdownCurrent decline from peak | -0.44% | -3.12% | +2.68% |
Average DrawdownAverage peak-to-trough decline | -1.48% | -9.93% | +8.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.33% | 1.49% | -1.16% |
Volatility
PIMSX vs. AQMIX - Volatility Comparison
The current volatility for Virtus Newfleet Multi-Sector S/T Bd I (PIMSX) is 0.54%, while AQR Managed Futures Strategy Fund - Class I (AQMIX) has a volatility of 3.39%. This indicates that PIMSX experiences smaller price fluctuations and is considered to be less risky than AQMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIMSX | AQMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.54% | 3.39% | -2.85% |
Volatility (6M)Calculated over the trailing 6-month period | 1.94% | 7.39% | -5.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.40% | 9.57% | -7.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.73% | 11.60% | -8.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.72% | 10.26% | -7.54% |
PIMSX vs. AQMIX - Expense Ratio Comparison
PIMSX has a 0.65% expense ratio, which is lower than AQMIX's 1.25% expense ratio.
Dividends
PIMSX vs. AQMIX - Dividend Comparison
PIMSX's dividend yield for the trailing twelve months is around 4.28%, more than AQMIX's 2.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AQMIX AQR Managed Futures Strategy Fund - Class I | 2.05% | 2.26% | 3.83% | 8.39% | 12.76% | 6.94% | 5.31% | 3.13% | 0.00% | 0.00% | 0.02% | 6.51% |
PIMSX Virtus Newfleet Multi-Sector S/T Bd I | 4.28% | 4.77% | 4.60% | 3.66% | 2.77% | 1.89% | 2.92% | 3.18% | 3.16% | 3.23% | 3.16% | 3.18% |
Frequently Asked Questions
PIMSX and AQMIX have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AQMIX has higher volatility (3.39%) compared to PIMSX (0.54%). In terms of maximum drawdown, PIMSX dropped -18.10% vs AQMIX's -26.52%.
AQMIX currently has the higher Sharpe Ratio (2.26 vs 1.80), 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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