QDSNX vs. CBYYX
QDSNX (AQR Diversifying Strategies Fund Class N) and CBYYX (Victory Pioneer Cat Bond Fund Class Y) are both mutual funds - QDSNX is a Tactical Allocation fund actively managed by AQR, while CBYYX is a Nontraditional Bonds fund actively managed by Victory. Both are actively managed. Over the past year, QDSNX returned 13.58% vs 10.53% for CBYYX. Their -0.00 correlation means they have often moved in opposite directions in the past. QDSNX charges 3.30%/yr vs 1.46%/yr for CBYYX.
Performance
QDSNX vs. CBYYX - Performance Comparison
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Returns By Period
In the year-to-date period, QDSNX achieves a 5.37% return, which is significantly higher than CBYYX's 4.19% return.
QDSNX
- 1D
- 0.68%
- 1M
- 2.22%
- 6M
- 3.45%
- YTD
- 5.37%
- 1Y
- 13.58%
- 3Y*
- 11.97%
- 5Y*
- 11.01%
- 10Y*
- —
- ALL TIME*
- 11.40%
CBYYX
- 1D
- 0.09%
- 1M
- 0.88%
- 6M
- 3.71%
- YTD
- 4.19%
- 1Y
- 10.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.90%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
QDSNX vs. CBYYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QDSNX AQR Diversifying Strategies Fund Class N | 5.37% | 16.14% | 9.56% | 2.19% |
CBYYX Victory Pioneer Cat Bond Fund Class Y | 4.19% | 11.09% | 15.69% | 3.43% |
Correlation
The correlation between QDSNX and CBYYX is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2023 | -0.00 |
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Return for Risk
QDSNX vs. CBYYX — Risk / Return Rank
QDSNX
CBYYX
QDSNX vs. CBYYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Diversifying Strategies Fund Class N (QDSNX) and Victory Pioneer Cat Bond Fund Class Y (CBYYX). 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.
| QDSNX | CBYYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.67 | ||
| Sortino ratioReturn per unit of downside risk | -29.59 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 10.55 | -9.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.13 | 119.62 | -115.50 |
| Martin ratioReturn relative to average drawdown | 13.52 | 454.94 | -441.42 |
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Drawdowns
QDSNX vs. CBYYX - Drawdown Comparison
The maximum QDSNX drawdown since its inception was -7.15%, smaller than the maximum CBYYX drawdown of -8.72%. Use the drawdown chart below to compare losses from any high point for QDSNX and CBYYX.
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Drawdown Indicators
| QDSNX | CBYYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.15% | -8.72% | +1.57% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -0.09% | -3.01% |
Max Drawdown (3Y)Largest decline over 3 years | -6.93% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -7.15% | — | — |
Current DrawdownCurrent decline from peak | -0.94% | 0.00% | -0.94% |
Average DrawdownAverage peak-to-trough decline | -1.46% | -1.24% | -0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.02% | +0.92% |
Volatility
QDSNX vs. CBYYX - Volatility Comparison
AQR Diversifying Strategies Fund Class N (QDSNX) has a higher volatility of 1.86% compared to Victory Pioneer Cat Bond Fund Class Y (CBYYX) at 0.24%. This indicates that QDSNX's price experiences larger fluctuations and is considered to be riskier than CBYYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QDSNX | CBYYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.86% | 0.24% | +1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 3.96% | 0.64% | +3.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.33% | 1.20% | +4.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.63% | 7.99% | -0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.29% | 7.99% | -0.70% |
QDSNX vs. CBYYX - Expense Ratio Comparison
QDSNX has a 3.30% expense ratio, which is higher than CBYYX's 1.46% expense ratio.
Dividends
QDSNX vs. CBYYX - Dividend Comparison
QDSNX's dividend yield for the trailing twelve months is around 1.89%, less than CBYYX's 8.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CBYYX Victory Pioneer Cat Bond Fund Class Y | 8.77% | 9.14% | 10.33% | 9.41% | 0.00% | 0.00% | 0.00% |
QDSNX AQR Diversifying Strategies Fund Class N | 1.89% | 1.99% | 0.00% | 11.18% | 8.01% | 5.99% | 1.83% |
Frequently Asked Questions
QDSNX and CBYYX have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QDSNX has higher volatility (1.86%) compared to CBYYX (0.24%). In terms of maximum drawdown, QDSNX dropped -7.15% vs CBYYX's -8.72%.
CBYYX currently has the higher Sharpe Ratio (9.08 vs 2.40), 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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