QMHIX vs. LFMAX
Compare and contrast key facts about AQR Managed Futures Strategy HV Fund (QMHIX) and LoCorr Macro Strategies Fund (LFMAX).
QMHIX is managed by AQR Funds. It was launched on Jul 15, 2013. LFMAX is managed by LoCorr Funds. It was launched on Mar 21, 2011.
Performance
QMHIX vs. LFMAX - Performance Comparison
Loading graphics...
QMHIX vs. LFMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QMHIX AQR Managed Futures Strategy HV Fund | 14.62% | 19.97% | 10.78% | -0.17% | 50.14% | -2.08% | -0.73% | 1.82% | -14.44% | -1.72% |
LFMAX LoCorr Macro Strategies Fund | 8.54% | 2.56% | 6.36% | -6.69% | 15.03% | -0.17% | 5.41% | 12.51% | -5.38% | 2.69% |
Returns By Period
In the year-to-date period, QMHIX achieves a 14.62% return, which is significantly higher than LFMAX's 8.54% return. Over the past 10 years, QMHIX has outperformed LFMAX with an annualized return of 5.02%, while LFMAX has yielded a comparatively lower 3.83% annualized return.
QMHIX
- 1D
- -0.62%
- 1M
- 2.92%
- YTD
- 14.62%
- 6M
- 19.29%
- 1Y
- 27.61%
- 3Y*
- 18.04%
- 5Y*
- 16.43%
- 10Y*
- 5.02%
LFMAX
- 1D
- 0.12%
- 1M
- 2.48%
- YTD
- 8.54%
- 6M
- 9.88%
- 1Y
- 11.46%
- 3Y*
- 4.86%
- 5Y*
- 4.34%
- 10Y*
- 3.83%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
QMHIX vs. LFMAX - Expense Ratio Comparison
QMHIX has a 1.65% expense ratio, which is lower than LFMAX's 2.13% expense ratio.
Return for Risk
QMHIX vs. LFMAX — Risk / Return Rank
QMHIX
LFMAX
QMHIX vs. LFMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Managed Futures Strategy HV Fund (QMHIX) and LoCorr Macro Strategies Fund (LFMAX). 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.
| QMHIX | LFMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.01 | 1.98 | +0.03 |
Sortino ratioReturn per unit of downside risk | 2.45 | 2.88 | -0.43 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 3.29 | 3.75 | -0.46 |
Martin ratioReturn relative to average drawdown | 8.79 | 9.96 | -1.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| QMHIX | LFMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 1.98 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 0.60 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.50 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.33 | +0.04 |
Correlation
The correlation between QMHIX and LFMAX is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
QMHIX vs. LFMAX - Dividend Comparison
QMHIX's dividend yield for the trailing twelve months is around 1.79%, less than LFMAX's 2.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QMHIX AQR Managed Futures Strategy HV Fund | 1.79% | 2.05% | 2.31% | 7.66% | 9.34% | 10.96% | 9.52% | 4.18% | 0.00% | 0.00% | 0.01% | 7.57% |
LFMAX LoCorr Macro Strategies Fund | 2.71% | 2.94% | 2.88% | 2.96% | 14.38% | 4.79% | 5.65% | 4.48% | 2.83% | 5.98% | 1.97% | 2.87% |
Drawdowns
QMHIX vs. LFMAX - Drawdown Comparison
The maximum QMHIX drawdown since its inception was -39.37%, which is greater than LFMAX's maximum drawdown of -23.16%. Use the drawdown chart below to compare losses from any high point for QMHIX and LFMAX.
Loading graphics...
Drawdown Indicators
| QMHIX | LFMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.37% | -23.16% | -16.21% |
Max Drawdown (1Y)Largest decline over 1 year | -8.34% | -3.01% | -5.33% |
Max Drawdown (5Y)Largest decline over 5 years | -19.06% | -12.54% | -6.52% |
Max Drawdown (10Y)Largest decline over 10 years | -34.54% | -12.54% | -22.00% |
Current DrawdownCurrent decline from peak | -0.62% | 0.00% | -0.62% |
Average DrawdownAverage peak-to-trough decline | -18.05% | -7.13% | -10.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 1.14% | +1.99% |
Volatility
QMHIX vs. LFMAX - Volatility Comparison
AQR Managed Futures Strategy HV Fund (QMHIX) has a higher volatility of 3.98% compared to LoCorr Macro Strategies Fund (LFMAX) at 1.76%. This indicates that QMHIX's price experiences larger fluctuations and is considered to be riskier than LFMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| QMHIX | LFMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 1.76% | +2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 9.98% | 4.56% | +5.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.16% | 5.83% | +8.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.26% | 7.27% | +9.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.50% | 7.63% | +7.87% |