QCFNX vs. RWSIX

Last updated Jun 24, 2026

QCFNX (AQR CVX Fusion Fund Class N) and RWSIX (Redwood Systematic Macro Trend ("SMarT") Fund) are both Systematic Trend funds. A 0.71 correlation means they provide meaningful diversification when combined. QCFNX charges 2.42%/yr vs 1.30%/yr for RWSIX.

Performance

QCFNX vs. RWSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR CVX Fusion Fund Class N (QCFNX) 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, QCFNX achieves a 15.15% return, which is significantly higher than RWSIX's 7.58% return.

QCFNX

• 1D: 0.24%
• 1M: -0.62%
• YTD: 15.15%
• 6M: 14.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RWSIX

• 1D: -0.41%
• 1M: -1.33%
• YTD: 7.58%
• 6M: 7.31%
• 1Y: 14.78%
• 3Y*: 2.78%
• 5Y*: 2.07%
• 10Y*: —

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

QCFNX vs. RWSIX - Yearly Performance Comparison

	2026 (YTD)	2025
QCFNX AQR CVX Fusion Fund Class N	15.15%	1.98%
RWSIX Redwood Systematic Macro Trend ("SMarT") Fund	7.58%	2.46%

Correlation

The correlation between QCFNX and RWSIX is 0.71, 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 6, 2025	0.71

Return for Risk

QCFNX vs. RWSIX — Risk / Return Rank

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

QCFNX

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

RWSIX

RWSIX Risk / Return Rank: 28
RWSIX Sharpe Ratio Rank: 28
RWSIX Sortino Ratio Rank: 26
RWSIX Omega Ratio Rank: 26
RWSIX Calmar Ratio Rank: 27
RWSIX Martin Ratio Rank: 31

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. RWSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR CVX Fusion Fund Class N (QCFNX) 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.

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.

	QCFNX	RWSIX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.38	—
Sortino ratio: Return per unit of downside risk	—	1.98	—
Omega ratio: Gain probability vs. loss probability	—	1.25	—
Calmar ratio: Return relative to maximum drawdown	—	1.83	—
Martin ratio: Return relative to average drawdown	—	6.61	—

Drawdowns

QCFNX vs. RWSIX - Drawdown Comparison

The maximum QCFNX drawdown since its inception was -8.02%, smaller than the maximum RWSIX drawdown of -24.90%. Use the drawdown chart below to compare losses from any high point for QCFNX and RWSIX.

Drawdown Indicators

	QCFNX	RWSIX	Difference
Max Drawdown Largest peak-to-trough decline	-8.02%	-24.90%	+16.88%
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	-2.82%	-10.45%	+7.63%
Average Drawdown Average peak-to-trough decline	-1.71%	-6.83%	+5.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.32%	—

Volatility

Volatility by Period

	QCFNX	RWSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.73%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.08%	11.14%	+3.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.08%	12.25%	+2.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.08%	12.31%	+2.77%

QCFNX vs. RWSIX - Expense Ratio Comparison

QCFNX has a 2.42% expense ratio, which is higher than RWSIX's 1.30% expense ratio.

Dividends

QCFNX vs. RWSIX - Dividend Comparison

QCFNX's dividend yield for the trailing twelve months is around 6.71%, more than RWSIX's 4.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
QCFNX AQR CVX Fusion Fund Class N	6.71%	7.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RWSIX Redwood Systematic Macro Trend ("SMarT") Fund	4.19%	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 QCFNX and RWSIX in my portfolio?

QCFNX and RWSIX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.