QGLDX vs. QALTX

Last updated Aug 1, 2026

QGLDX (Quantified Gold Futures Tracking Fund Investor Class) and QALTX (Quantified Alternative Investment Fund) are both mutual funds - QGLDX is a Gold fund managed by Advisors Preferred, while QALTX is a Multistrategy fund managed by Advisors Preferred. Over the past 10 years, QGLDX returned 8.80%/yr vs 3.88%/yr for QALTX. Their 0.15 correlation means their historical movements had little consistent relationship. QGLDX charges 1.00%/yr vs 1.33%/yr for QALTX.

Performance

QGLDX vs. QALTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Quantified Gold Futures Tracking Fund Investor Class (QGLDX) and Quantified Alternative Investment Fund (QALTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QGLDX achieves a -5.10% return, which is significantly lower than QALTX's 4.62% return. Over the past 10 years, QGLDX has outperformed QALTX with an annualized return of 8.80%, while QALTX has yielded a comparatively lower 3.88% annualized return.

QGLDX

• 1D: 1.64%
• 1M: -0.21%
• 6M: -15.33%
• YTD: -5.10%
• 1Y: 20.76%
• 3Y*: 25.28%
• 5Y*: 14.66%
• 10Y*: 8.80%
• ALL TIME*: 7.47%

QALTX

• 1D: 0.85%
• 1M: 1.04%
• 6M: 0.85%
• YTD: 4.62%
• 1Y: 14.32%
• 3Y*: 6.88%
• 5Y*: 3.90%
• 10Y*: 3.88%
• ALL TIME*: 3.10%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QALTX Quantified Alternative Investment Fund	$0.00	$0.00	$0.00
QGLDX Quantified Gold Futures Tracking Fund Investor Class	$0.00	$0.00	$0.00

QGLDX vs. QALTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QGLDX Quantified Gold Futures Tracking Fund Investor Class	-5.10%	59.91%	24.52%	10.39%	-4.64%	-6.25%	19.35%	17.03%	-4.07%	11.44%
QALTX Quantified Alternative Investment Fund	4.62%	14.31%	4.11%	2.76%	-8.13%	11.76%	1.01%	9.88%	-8.90%	15.53%

Correlation

The correlation between QGLDX and QALTX is 0.45, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.45
Correlation (3Y) Balances recent behavior with more history.	0.30
Correlation (5Y) Shows whether the relationship held over a longer period.	0.26
Correlation (10Y) Provides a long-term view across more market conditions.	0.21
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.15

Over the past year, QGLDX and QALTX have become more correlated (0.45) than their long-term average of 0.15, meaning their price movements have been converging.

Return for Risk

QGLDX vs. QALTX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QGLDX

QGLDX Risk / Return Rank: 21
QGLDX Sharpe Ratio Rank: 24
QGLDX Sortino Ratio Rank: 22
QGLDX Omega Ratio Rank: 28
QGLDX Calmar Ratio Rank: 19
QGLDX Martin Ratio Rank: 14

QALTX

QALTX Risk / Return Rank: 56
QALTX Sharpe Ratio Rank: 53
QALTX Sortino Ratio Rank: 45
QALTX Omega Ratio Rank: 56
QALTX Calmar Ratio Rank: 77
QALTX Martin Ratio Rank: 47

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QGLDX vs. QALTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Quantified Gold Futures Tracking Fund Investor Class (QGLDX) and Quantified Alternative Investment Fund (QALTX). 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.

	QGLDX	QALTX	Difference
Sharpe ratio: Return per unit of total volatility	0.86	1.39	-0.52
Sortino ratio: Return per unit of downside risk	1.22	1.85	-0.63
Omega ratio: Gain probability vs. loss probability	1.18	1.26	-0.09
Calmar ratio: Return relative to maximum drawdown	0.91	2.53	-1.61
Martin ratio: Return relative to average drawdown	1.99	6.55	-4.56

QGLDX vs. QALTX - Sharpe Ratio Comparison

The current QGLDX Sharpe Ratio is 0.86, which is lower than the QALTX Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of QGLDX and QALTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QGLDX vs. QALTX - Drawdown Comparison

The maximum QGLDX drawdown since its inception was -27.17%, which is greater than QALTX's maximum drawdown of -24.22%. Use the drawdown chart below to compare losses from any high point for QGLDX and QALTX.

Drawdown Indicators

	QGLDX	QALTX	Difference
Max Drawdown Largest peak-to-trough decline	-27.17%	-24.22%	-2.95%
Max Drawdown (1Y) Largest decline over 1 year	-26.47%	-5.22%	-21.25%
Max Drawdown (3Y) Largest decline over 3 years	-26.47%	-11.47%	-15.00%
Max Drawdown (5Y) Largest decline over 5 years	-26.47%	-13.17%	-13.30%
Max Drawdown (10Y) Largest decline over 10 years	-27.17%	-24.22%	-2.95%
Current Drawdown Current decline from peak	-24.01%	-4.23%	-19.78%
Average Drawdown Average peak-to-trough decline	-11.47%	-6.04%	-5.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.13%	2.01%	+10.12%

Volatility

QGLDX vs. QALTX - Volatility Comparison

Quantified Gold Futures Tracking Fund Investor Class (QGLDX) has a higher volatility of 6.24% compared to Quantified Alternative Investment Fund (QALTX) at 2.02%. This indicates that QGLDX's price experiences larger fluctuations and is considered to be riskier than QALTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QGLDX	QALTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.24%	2.02%	+4.22%
Volatility (6M) Calculated over the trailing 6-month period	23.42%	6.58%	+16.84%
Volatility (1Y) Calculated over the trailing 1-year period	28.07%	9.52%	+18.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.68%	8.84%	+9.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.62%	9.89%	+6.73%

QGLDX vs. QALTX - Expense Ratio Comparison

QGLDX has a 1.00% expense ratio, which is lower than QALTX's 1.33% expense ratio.

Dividends

QGLDX vs. QALTX - Dividend Comparison

QGLDX's dividend yield for the trailing twelve months is around 63.85%, more than QALTX's 2.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QALTX Quantified Alternative Investment Fund	2.31%	2.42%	1.61%	3.55%	1.73%	12.79%	0.00%	1.44%	0.07%	3.12%	0.04%	0.84%
QGLDX Quantified Gold Futures Tracking Fund Investor Class	63.85%	60.49%	28.70%	10.20%	0.00%	0.00%	9.92%	14.32%	1.23%	5.75%	2.08%	0.00%

Frequently Asked Questions

Can I hold both QGLDX and QALTX in my portfolio?

QGLDX and QALTX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QGLDX or QALTX?

QGLDX has higher volatility (6.24%) compared to QALTX (2.02%). In terms of maximum drawdown, QGLDX dropped -27.17% vs QALTX's -24.22%.

Which has better risk-adjusted returns?

QALTX currently has the higher Sharpe Ratio (1.39 vs 0.86), 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.