QCFNX vs. GFIRX

Last updated Apr 2, 2026

Compare and contrast key facts about AQR CVX Fusion Fund Class N (QCFNX) and Goldman Sachs Managed Futures Strategy Fund (GFIRX).

QCFNX is an actively managed fund by AQR. It was launched on Jun 18, 2025. GFIRX is managed by Goldman Sachs. It was launched on Feb 28, 2012.

Performance

QCFNX vs. GFIRX - Performance Comparison

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

QCFNX vs. GFIRX - Yearly Performance Comparison

	2026 (YTD)	2025
QCFNX AQR CVX Fusion Fund Class N	0.90%	1.98%
GFIRX Goldman Sachs Managed Futures Strategy Fund	0.22%	1.76%

Returns By Period

In the year-to-date period, QCFNX achieves a 0.90% return, which is significantly higher than GFIRX's 0.22% return.

QCFNX

• 1D: 2.66%
• 1M: -4.11%
• YTD: 0.90%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GFIRX

• 1D: -0.22%
• 1M: -3.65%
• YTD: 0.22%
• 6M: 3.35%
• 1Y: 7.93%
• 3Y*: -0.29%
• 5Y*: 2.43%
• 10Y*: 2.33%

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

QCFNX vs. GFIRX - Expense Ratio Comparison

QCFNX has a 2.42% expense ratio, which is higher than GFIRX's 1.33% expense ratio.

QCFNX

AQR CVX Fusion Fund Class N

GFIRX

Goldman Sachs Managed Futures Strategy Fund

Return for Risk

QCFNX vs. GFIRX — Risk / Return Rank

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

GFIRX

GFIRX Risk / Return Rank: 34
GFIRX Sharpe Ratio Rank: 36
GFIRX Sortino Ratio Rank: 32
GFIRX Omega Ratio Rank: 28
GFIRX Calmar Ratio Rank: 43
GFIRX Martin Ratio Rank: 32

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.

QCFNX vs. GFIRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR CVX Fusion Fund Class N (QCFNX) and Goldman Sachs Managed Futures Strategy Fund (GFIRX). 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

	QCFNX	GFIRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.88	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.24	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.26	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.22	+0.27

Correlation

The correlation between QCFNX and GFIRX is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

QCFNX vs. GFIRX - Dividend Comparison

QCFNX's dividend yield for the trailing twelve months is around 7.65%, while GFIRX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QCFNX AQR CVX Fusion Fund Class N	7.65%	7.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GFIRX Goldman Sachs Managed Futures Strategy Fund	0.00%	0.00%	0.00%	0.00%	20.11%	7.35%	1.21%	7.06%	0.16%	0.49%	0.00%	3.98%

Drawdowns

QCFNX vs. GFIRX - Drawdown Comparison

The maximum QCFNX drawdown since its inception was -8.02%, smaller than the maximum GFIRX drawdown of -23.09%. Use the drawdown chart below to compare losses from any high point for QCFNX and GFIRX.

Drawdown Indicators

	QCFNX	GFIRX	Difference
Max Drawdown Largest peak-to-trough decline	-8.02%	-23.09%	+15.07%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.15%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.09%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-23.09%	—
Current Drawdown Current decline from peak	-5.57%	-12.28%	+6.71%
Average Drawdown Average peak-to-trough decline	-1.98%	-7.00%	+5.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.85%	—

Volatility

Volatility by Period

	QCFNX	GFIRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.26%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.53%	8.80%	+7.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.53%	10.37%	+6.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.53%	9.04%	+7.49%