QGMIX vs. SPATX
QGMIX (AQR Macro Opportunities Fund) and SPATX (Symmetry Panoramic Alternatives Fund) are both Multistrategy funds. Over the past 5 years, QGMIX returned 5.08%/yr vs 9.43%/yr for SPATX. Their 0.49 correlation means their historical movements had little consistent relationship. QGMIX charges 1.20%/yr vs 0.50%/yr for SPATX.
Performance
QGMIX vs. SPATX - Performance Comparison
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Returns By Period
In the year-to-date period, QGMIX achieves a -0.31% return, which is significantly lower than SPATX's 8.54% return.
QGMIX
- 1D
- 0.10%
- 1M
- 0.52%
- 6M
- -3.66%
- YTD
- -0.31%
- 1Y
- 0.32%
- 3Y*
- 1.68%
- 5Y*
- 5.08%
- 10Y*
- 3.65%
- ALL TIME*
- 3.10%
SPATX
- 1D
- -0.37%
- 1M
- 1.91%
- 6M
- 6.29%
- YTD
- 8.54%
- 1Y
- 13.79%
- 3Y*
- 10.22%
- 5Y*
- 9.43%
- 10Y*
- —
- ALL TIME*
- 7.13%
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 |
QGMIX vs. SPATX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QGMIX AQR Macro Opportunities Fund | -0.31% | 4.00% | -0.95% | 0.01% | 29.30% | -4.54% | 1.60% | 4.90% | -4.14% |
SPATX Symmetry Panoramic Alternatives Fund | 8.54% | 11.09% | 1.50% | 11.90% | 12.80% | 5.86% | 3.42% | 0.00% | 0.64% |
Correlation
The correlation between QGMIX and SPATX is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.57 |
Correlation (3Y) Balances recent behavior with more history. | 0.50 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 2018 | 0.49 |
The correlation between QGMIX and SPATX has been stable across timeframes, ranging from 0.49 to 0.57 - a consistent structural relationship.
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Return for Risk
QGMIX vs. SPATX — Risk / Return Rank
QGMIX
SPATX
QGMIX vs. SPATX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Macro Opportunities Fund (QGMIX) and Symmetry Panoramic Alternatives Fund (SPATX). 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.
| QGMIX | SPATX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.56 | ||
| Sortino ratioReturn per unit of downside risk | -5.45 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.74 | -0.71 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 7.41 | -7.26 |
| Martin ratioReturn relative to average drawdown | 0.32 | 25.58 | -25.26 |
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Drawdowns
QGMIX vs. SPATX - Drawdown Comparison
The maximum QGMIX drawdown since its inception was -13.48%, which is greater than SPATX's maximum drawdown of -11.67%. Use the drawdown chart below to compare losses from any high point for QGMIX and SPATX.
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Drawdown Indicators
| QGMIX | SPATX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.48% | -11.67% | -1.81% |
Max Drawdown (1Y)Largest decline over 1 year | -5.47% | -1.95% | -3.52% |
Max Drawdown (3Y)Largest decline over 3 years | -13.48% | -5.89% | -7.59% |
Max Drawdown (5Y)Largest decline over 5 years | -13.48% | -5.89% | -7.59% |
Max Drawdown (10Y)Largest decline over 10 years | -13.48% | — | — |
Current DrawdownCurrent decline from peak | -4.95% | -0.60% | -4.35% |
Average DrawdownAverage peak-to-trough decline | -3.95% | -1.68% | -2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 0.56% | +2.05% |
Volatility
QGMIX vs. SPATX - Volatility Comparison
AQR Macro Opportunities Fund (QGMIX) has a higher volatility of 1.81% compared to Symmetry Panoramic Alternatives Fund (SPATX) at 1.21%. This indicates that QGMIX's price experiences larger fluctuations and is considered to be riskier than SPATX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QGMIX | SPATX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.81% | 1.21% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 4.13% | 3.10% | +1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.77% | 3.90% | +1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.83% | 6.26% | +3.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.38% | 6.02% | +2.36% |
QGMIX vs. SPATX - Expense Ratio Comparison
QGMIX has a 1.20% expense ratio, which is higher than SPATX's 0.50% expense ratio.
Dividends
QGMIX vs. SPATX - Dividend Comparison
QGMIX's dividend yield for the trailing twelve months is around 1.44%, less than SPATX's 2.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QGMIX AQR Macro Opportunities Fund | 1.44% | 1.44% | 1.92% | 10.07% | 7.48% | 1.49% | 0.96% | 0.05% | 3.92% | 0.04% | 6.05% | 5.30% |
SPATX Symmetry Panoramic Alternatives Fund | 2.81% | 3.05% | 2.65% | 6.16% | 6.22% | 2.08% | 0.00% | 1.87% | 2.33% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QGMIX and SPATX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QGMIX has higher volatility (1.81%) compared to SPATX (1.21%). In terms of maximum drawdown, QGMIX dropped -13.48% vs SPATX's -11.67%.
SPATX currently has the higher Sharpe Ratio (3.70 vs 0.14), 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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