QMHIX vs. LONGX
Compare and contrast key facts about AQR Managed Futures Strategy HV Fund (QMHIX) and Longboard Alternative Growth Fund (LONGX).
QMHIX is managed by AQR Funds. It was launched on Jul 15, 2013. LONGX is managed by Longboard. It was launched on Mar 15, 2015.
Performance
QMHIX vs. LONGX - Performance Comparison
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QMHIX vs. LONGX - 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% |
LONGX Longboard Alternative Growth Fund | 0.33% | 1.49% | 14.95% | 5.64% | -13.21% | 13.89% | 27.70% | 13.82% | 270.32% | 19.08% |
Returns By Period
In the year-to-date period, QMHIX achieves a 14.62% return, which is significantly higher than LONGX's 0.33% return. Over the past 10 years, QMHIX has underperformed LONGX with an annualized return of 5.02%, while LONGX has yielded a comparatively higher 23.63% 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%
LONGX
- 1D
- -0.40%
- 1M
- -5.53%
- YTD
- 0.33%
- 6M
- -0.40%
- 1Y
- 3.94%
- 3Y*
- 8.06%
- 5Y*
- 3.23%
- 10Y*
- 23.63%
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QMHIX vs. LONGX - Expense Ratio Comparison
QMHIX has a 1.65% expense ratio, which is lower than LONGX's 1.99% expense ratio.
Return for Risk
QMHIX vs. LONGX — Risk / Return Rank
QMHIX
LONGX
QMHIX vs. LONGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Managed Futures Strategy HV Fund (QMHIX) and Longboard Alternative Growth Fund (LONGX). 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 | LONGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.01 | 0.39 | +1.63 |
Sortino ratioReturn per unit of downside risk | 2.45 | 0.60 | +1.85 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.08 | +0.29 |
Calmar ratioReturn relative to maximum drawdown | 3.29 | 0.48 | +2.81 |
Martin ratioReturn relative to average drawdown | 8.79 | 1.52 | +7.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QMHIX | LONGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 0.39 | +1.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 0.27 | +0.68 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.17 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.16 | +0.21 |
Correlation
The correlation between QMHIX and LONGX is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
QMHIX vs. LONGX - Dividend Comparison
QMHIX's dividend yield for the trailing twelve months is around 1.79%, while LONGX has not paid dividends to shareholders.
| 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% |
LONGX Longboard Alternative Growth Fund | 0.00% | 0.00% | 0.00% | 5.40% | 7.64% | 1.73% | 0.00% | 0.00% | 3.10% | 268.50% | 23.29% | 0.00% |
Drawdowns
QMHIX vs. LONGX - Drawdown Comparison
The maximum QMHIX drawdown since its inception was -39.37%, smaller than the maximum LONGX drawdown of -77.16%. Use the drawdown chart below to compare losses from any high point for QMHIX and LONGX.
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Drawdown Indicators
| QMHIX | LONGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.37% | -77.16% | +37.79% |
Max Drawdown (1Y)Largest decline over 1 year | -8.34% | -7.13% | -1.21% |
Max Drawdown (5Y)Largest decline over 5 years | -19.06% | -19.28% | +0.22% |
Max Drawdown (10Y)Largest decline over 10 years | -34.54% | -77.16% | +42.62% |
Current DrawdownCurrent decline from peak | -0.62% | -6.53% | +5.91% |
Average DrawdownAverage peak-to-trough decline | -18.05% | -7.47% | -10.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 2.26% | +0.87% |
Volatility
QMHIX vs. LONGX - Volatility Comparison
AQR Managed Futures Strategy HV Fund (QMHIX) and Longboard Alternative Growth Fund (LONGX) have volatilities of 3.98% and 4.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QMHIX | LONGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 4.15% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 9.98% | 8.13% | +1.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.16% | 11.21% | +2.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.26% | 11.84% | +5.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.50% | 137.75% | -122.25% |