QALTX vs. OTRFX
QALTX (Quantified Alternative Investment Fund) and OTRFX (OnTrack Core Fund) are both Macro Trading funds from Advisors Preferred. Over the past 10 years, QALTX returned 4.58%/yr vs 5.38%/yr for OTRFX. At a 0.48 correlation, their price movements are largely independent. QALTX charges 1.33%/yr vs 2.58%/yr for OTRFX.
Performance
QALTX vs. OTRFX - Performance Comparison
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Returns By Period
In the year-to-date period, QALTX achieves a 5.90% return, which is significantly higher than OTRFX's 5.21% return. Over the past 10 years, QALTX has underperformed OTRFX with an annualized return of 4.58%, while OTRFX has yielded a comparatively higher 5.38% annualized return.
QALTX
- 1D
- 0.09%
- 1M
- -1.82%
- YTD
- 5.90%
- 6M
- 5.03%
- 1Y
- 18.32%
- 3Y*
- 8.88%
- 5Y*
- 4.15%
- 10Y*
- 4.58%
OTRFX
- 1D
- 0.00%
- 1M
- 0.93%
- YTD
- 5.21%
- 6M
- 5.12%
- 1Y
- 11.62%
- 3Y*
- 6.28%
- 5Y*
- 1.97%
- 10Y*
- 5.38%
QALTX vs. OTRFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QALTX Quantified Alternative Investment Fund | 5.90% | 14.31% | 4.11% | 2.76% | -8.13% | 11.76% | 1.01% | 9.88% | -8.90% | 15.53% |
OTRFX OnTrack Core Fund | 5.21% | 6.12% | -0.12% | 5.37% | -5.82% | 3.94% | 29.03% | 6.86% | -4.70% | 6.49% |
Correlation
The correlation between QALTX and OTRFX is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.48 |
The correlation between QALTX and OTRFX shifts across timeframes, from 0.44 (5 years) to 0.60 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
QALTX vs. OTRFX — Risk / Return Rank
QALTX
OTRFX
QALTX vs. OTRFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Quantified Alternative Investment Fund (QALTX) and OnTrack Core Fund (OTRFX). 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.
| QALTX | OTRFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.72 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 3.84 | 3.88 | -0.04 |
| Martin ratioReturn relative to average drawdown | 14.02 | 8.43 | +5.59 |
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Drawdowns
QALTX vs. OTRFX - Drawdown Comparison
The maximum QALTX drawdown since its inception was -24.22%, which is greater than OTRFX's maximum drawdown of -9.73%. Use the drawdown chart below to compare losses from any high point for QALTX and OTRFX.
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Drawdown Indicators
| QALTX | OTRFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.22% | -9.73% | -14.49% |
Max Drawdown (1Y)Largest decline over 1 year | -4.99% | -3.02% | -1.97% |
Max Drawdown (3Y)Largest decline over 3 years | -11.47% | -5.76% | -5.71% |
Max Drawdown (5Y)Largest decline over 5 years | -13.17% | -9.51% | -3.66% |
Max Drawdown (10Y)Largest decline over 10 years | -24.22% | -9.51% | -14.71% |
Current DrawdownCurrent decline from peak | -3.06% | -0.95% | -2.11% |
Average DrawdownAverage peak-to-trough decline | -6.05% | -2.97% | -3.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.36% | 1.39% | -0.03% |
Volatility
QALTX vs. OTRFX - Volatility Comparison
Quantified Alternative Investment Fund (QALTX) has a higher volatility of 3.54% compared to OnTrack Core Fund (OTRFX) at 0.53%. This indicates that QALTX's price experiences larger fluctuations and is considered to be riskier than OTRFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QALTX | OTRFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 0.53% | +3.01% |
Volatility (6M)Calculated over the trailing 6-month period | 6.51% | 2.82% | +3.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.34% | 4.16% | +5.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.91% | 3.07% | +5.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.93% | 3.59% | +6.34% |
QALTX vs. OTRFX - Expense Ratio Comparison
QALTX has a 1.33% expense ratio, which is lower than OTRFX's 2.58% expense ratio.
Dividends
QALTX vs. OTRFX - Dividend Comparison
QALTX's dividend yield for the trailing twelve months is around 2.29%, less than OTRFX's 12.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OTRFX OnTrack Core Fund | 12.40% | 13.04% | 8.01% | 0.14% | 1.39% | 7.10% | 2.36% | 1.38% | 7.15% | 2.69% | 7.05% | 6.15% |
QALTX Quantified Alternative Investment Fund | 2.29% | 2.42% | 1.61% | 3.55% | 1.73% | 12.79% | 0.00% | 1.44% | 0.07% | 3.12% | 0.04% | 0.84% |
Frequently Asked Questions
QALTX and OTRFX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QALTX has higher volatility (3.54%) compared to OTRFX (0.53%). In terms of maximum drawdown, QALTX dropped -24.22% vs OTRFX's -9.73%.
OTRFX currently has the higher Sharpe Ratio (2.83 vs 2.06), 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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