QCFIX vs. RWSIX

Last updated Jun 3, 2026

QCFIX (AQR CVX Fusion Fund Class I) and RWSIX (Redwood Systematic Macro Trend ("SMarT") Fund) are both Systematic Trend funds. A 0.69 correlation means they provide meaningful diversification when combined. QCFIX charges 2.17%/yr vs 1.30%/yr for RWSIX.

Performance

QCFIX vs. RWSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR CVX Fusion Fund Class I (QCFIX) and Redwood Systematic Macro Trend ("SMarT") Fund (RWSIX). 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 RWSIX's 9.60% return.

QCFIX

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

RWSIX

• 1D: -0.40%
• 1M: 2.30%
• YTD: 9.60%
• 6M: 10.99%
• 1Y: 17.24%
• 3Y*: 3.65%
• 5Y*: 2.34%
• 10Y*: —

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

QCFIX vs. RWSIX - Yearly Performance Comparison

	2026 (YTD)	2025
QCFIX AQR CVX Fusion Fund Class I	17.84%	2.00%
RWSIX Redwood Systematic Macro Trend ("SMarT") Fund	9.60%	2.84%

Correlation

The correlation between QCFIX and RWSIX is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 7, 2025	0.69

Return for Risk

QCFIX vs. RWSIX — Risk / Return Rank

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

RWSIX

RWSIX Risk / Return Rank: 32
RWSIX Sharpe Ratio Rank: 33
RWSIX Sortino Ratio Rank: 32
RWSIX Omega Ratio Rank: 32
RWSIX Calmar Ratio Rank: 31
RWSIX Martin Ratio Rank: 34

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. RWSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR CVX Fusion Fund Class I (QCFIX) and Redwood Systematic Macro Trend ("SMarT") Fund (RWSIX). 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	RWSIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.66	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.19	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.84	0.45	+2.39

Drawdowns

QCFIX vs. RWSIX - Drawdown Comparison

The maximum QCFIX drawdown since its inception was -7.93%, smaller than the maximum RWSIX drawdown of -24.90%. Use the drawdown chart below to compare losses from any high point for QCFIX and RWSIX.

Drawdown Indicators

	QCFIX	RWSIX	Difference
Max Drawdown Largest peak-to-trough decline	-7.93%	-24.90%	+16.97%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.37%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-24.90%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.90%	—
Current Drawdown Current decline from peak	0.00%	-8.77%	+8.77%
Average Drawdown Average peak-to-trough decline	-1.59%	-6.81%	+5.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.28%	—

Volatility

Volatility by Period

	QCFIX	RWSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.30%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.39%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.63%	10.71%	+3.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.63%	12.19%	+2.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.63%	12.29%	+2.34%

QCFIX vs. RWSIX - Expense Ratio Comparison

QCFIX has a 2.17% expense ratio, which is higher than RWSIX's 1.30% expense ratio.

Dividends

QCFIX vs. RWSIX - Dividend Comparison

QCFIX's dividend yield for the trailing twelve months is around 6.64%, more than RWSIX's 4.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
RWSIX Redwood Systematic Macro Trend ("SMarT") Fund	4.11%	4.51%	0.00%	10.35%	3.41%	7.81%	7.78%	3.05%	2.51%	0.63%

Frequently Asked Questions

Can I hold both QCFIX and RWSIX in my portfolio?

QCFIX and RWSIX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.