PQTIX vs. QCFIX

Last updated Jun 4, 2026

PQTIX (PIMCO TRENDS Managed Futures Strategy Fund Institutional Class) and QCFIX (AQR CVX Fusion Fund Class I) are both Systematic Trend funds. Both are actively managed. At a 0.34 correlation, their price movements are largely independent. PQTIX charges 1.54%/yr vs 2.17%/yr for QCFIX.

Performance

PQTIX vs. QCFIX - Performance Comparison

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

Returns By Period

In the year-to-date period, PQTIX achieves a 6.45% return, which is significantly lower than QCFIX's 18.65% return.

PQTIX

• 1D: 0.26%
• 1M: 1.61%
• YTD: 6.45%
• 6M: 8.69%
• 1Y: 21.06%
• 3Y*: 0.74%
• 5Y*: 3.84%
• 10Y*: 4.40%

QCFIX

• 1D: 0.69%
• 1M: 6.12%
• YTD: 18.65%
• 6M: 19.29%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PQTIX vs. QCFIX - Yearly Performance Comparison

	2026 (YTD)	2025
PQTIX PIMCO TRENDS Managed Futures Strategy Fund Institutional Class	6.45%	3.89%
QCFIX AQR CVX Fusion Fund Class I	18.65%	2.00%

Correlation

The correlation between PQTIX and QCFIX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 7, 2025	0.34

Return for Risk

PQTIX vs. QCFIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PQTIX

PQTIX Risk / Return Rank: 70
PQTIX Sharpe Ratio Rank: 71
PQTIX Sortino Ratio Rank: 58
PQTIX Omega Ratio Rank: 66
PQTIX Calmar Ratio Rank: 89
PQTIX Martin Ratio Rank: 65

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.

PQTIX vs. QCFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO TRENDS Managed Futures Strategy Fund Institutional Class (PQTIX) and AQR CVX Fusion Fund Class I (QCFIX). 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.

	PQTIX	QCFIX	Difference
Sharpe ratio: Return per unit of total volatility	2.45	—	—
Sortino ratio: Return per unit of downside risk	3.22	—	—
Omega ratio: Gain probability vs. loss probability	1.45	—	—
Calmar ratio: Return relative to maximum drawdown	4.51	—	—
Martin ratio: Return relative to average drawdown	12.80	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PQTIX	QCFIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.45	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	2.94	-2.46

Drawdowns

PQTIX vs. QCFIX - Drawdown Comparison

The maximum PQTIX drawdown since its inception was -27.65%, which is greater than QCFIX's maximum drawdown of -7.93%. Use the drawdown chart below to compare losses from any high point for PQTIX and QCFIX.

Drawdown Indicators

	PQTIX	QCFIX	Difference
Max Drawdown Largest peak-to-trough decline	-27.65%	-7.93%	-19.72%
Max Drawdown (1Y) Largest decline over 1 year	-4.63%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.59%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.65%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-27.65%	—	—
Current Drawdown Current decline from peak	-10.89%	0.00%	-10.89%
Average Drawdown Average peak-to-trough decline	-9.27%	-1.58%	-7.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.62%	—	—

Volatility

Volatility by Period

	PQTIX	QCFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.84%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.62%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.51%	14.59%	-6.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.90%	14.59%	-4.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.41%	14.59%	-5.18%

PQTIX vs. QCFIX - Expense Ratio Comparison

PQTIX has a 1.54% expense ratio, which is lower than QCFIX's 2.17% expense ratio.

Dividends

PQTIX vs. QCFIX - Dividend Comparison

PQTIX has not paid dividends to shareholders, while QCFIX's dividend yield for the trailing twelve months is around 6.59%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PQTIX PIMCO TRENDS Managed Futures Strategy Fund Institutional Class	0.00%	0.00%	0.00%	0.00%	14.83%	2.47%	5.65%	2.55%	0.39%	0.25%	0.00%	8.06%
QCFIX AQR CVX Fusion Fund Class I	6.59%	7.82%	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 PQTIX and QCFIX in my portfolio?

PQTIX and QCFIX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.