QCFIX vs. AQMIX

Last updated Jun 3, 2026

QCFIX (AQR CVX Fusion Fund Class I) and AQMIX (AQR Managed Futures Strategy Fund) are both Systematic Trend funds. At a 0.39 correlation, their price movements are largely independent. QCFIX charges 2.17%/yr vs 1.25%/yr for AQMIX.

Performance

QCFIX vs. AQMIX - Performance Comparison

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

Returns By Period

In the year-to-date period, QCFIX achieves a 17.84% return, which is significantly higher than AQMIX's 12.43% return.

QCFIX

• 1D: 1.00%
• 1M: 5.14%
• YTD: 17.84%
• 6M: 18.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AQMIX

• 1D: 1.32%
• 1M: 1.32%
• YTD: 12.43%
• 6M: 13.93%
• 1Y: 24.36%
• 3Y*: 12.34%
• 5Y*: 12.55%
• 10Y*: 4.95%

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

QCFIX vs. AQMIX - Yearly Performance Comparison

	2026 (YTD)	2025
QCFIX AQR CVX Fusion Fund Class I	17.84%	2.00%
AQMIX AQR Managed Futures Strategy Fund	12.43%	0.92%

Correlation

The correlation between QCFIX and AQMIX is 0.39, 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	0.39

Return for Risk

QCFIX vs. AQMIX — Risk / Return Rank

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

AQMIX

AQMIX Risk / Return Rank: 90
AQMIX Sharpe Ratio Rank: 90
AQMIX Sortino Ratio Rank: 85
AQMIX Omega Ratio Rank: 80
AQMIX Calmar Ratio Rank: 98
AQMIX Martin Ratio Rank: 97

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.

QCFIX vs. AQMIX - Risk-Adjusted Trends Comparison

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

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

Sharpe Ratios by Period

	QCFIX	AQMIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.94	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.09	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.84	0.42	+2.42

Drawdowns

QCFIX vs. AQMIX - Drawdown Comparison

The maximum QCFIX drawdown since its inception was -7.93%, smaller than the maximum AQMIX drawdown of -26.52%. Use the drawdown chart below to compare losses from any high point for QCFIX and AQMIX.

Drawdown Indicators

	QCFIX	AQMIX	Difference
Max Drawdown Largest peak-to-trough decline	-7.93%	-26.52%	+18.59%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.02%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.57%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.57%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-23.34%	—
Current Drawdown Current decline from peak	0.00%	-1.10%	+1.10%
Average Drawdown Average peak-to-trough decline	-1.59%	-10.01%	+8.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.97%	—

Volatility

Volatility by Period

	QCFIX	AQMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.56%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.60%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.63%	8.70%	+5.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.63%	11.62%	+3.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.63%	10.37%	+4.26%

QCFIX vs. AQMIX - Expense Ratio Comparison

QCFIX has a 2.17% expense ratio, which is higher than AQMIX's 1.25% expense ratio.

Dividends

QCFIX vs. AQMIX - Dividend Comparison

QCFIX's dividend yield for the trailing twelve months is around 6.64%, more than AQMIX's 2.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AQMIX AQR Managed Futures Strategy Fund	2.01%	2.26%	3.83%	8.39%	12.76%	6.94%	5.31%	3.13%	0.00%	0.00%	0.02%	6.51%
QCFIX AQR CVX Fusion Fund Class I	6.64%	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 QCFIX and AQMIX in my portfolio?

QCFIX and AQMIX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.