QMHIX vs. RCTIX
QMHIX (AQR Managed Futures Strategy HV Fund) and RCTIX (River Canyon Total Return Bond Fund) are both mutual funds - QMHIX is a Systematic Trend fund managed by AQR, while RCTIX is a Short-Term Bond fund actively managed by River Canyon. Over the past 10 years, QMHIX returned 4.63%/yr vs 5.53%/yr for RCTIX. Their -0.17 correlation means they have often moved in opposite directions in the past. QMHIX charges 1.65%/yr vs 0.89%/yr for RCTIX.
Performance
QMHIX vs. RCTIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, QMHIX achieves a 12.49% return, which is significantly higher than RCTIX's 1.55% return. Over the past 10 years, QMHIX has underperformed RCTIX with an annualized return of 4.63%, while RCTIX has yielded a comparatively higher 5.53% annualized return.
QMHIX
- 1D
- 0.09%
- 1M
- 3.55%
- 6M
- 5.22%
- YTD
- 12.49%
- 1Y
- 30.59%
- 3Y*
- 15.35%
- 5Y*
- 17.64%
- 10Y*
- 4.63%
- ALL TIME*
- 5.38%
RCTIX
- 1D
- 0.12%
- 1M
- 0.22%
- 6M
- 1.97%
- YTD
- 1.55%
- 1Y
- 3.86%
- 3Y*
- 7.18%
- 5Y*
- 4.56%
- 10Y*
- 5.53%
- ALL TIME*
- 4.89%
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 |
QMHIX vs. RCTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QMHIX AQR Managed Futures Strategy HV Fund | 12.49% | 19.97% | 10.78% | -0.17% | 50.14% | -2.08% | -0.73% | 1.82% | -14.44% | -1.72% |
RCTIX River Canyon Total Return Bond Fund | 1.55% | 7.75% | 7.49% | 10.02% | -4.07% | 4.26% | 6.42% | 11.71% | 1.82% | 9.76% |
Correlation
The correlation between QMHIX and RCTIX is -0.35, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.35 |
Correlation (3Y) Balances recent behavior with more history. | -0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.31 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.18 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | -0.17 |
The correlation between QMHIX and RCTIX shifts across timeframes, from -0.35 (1 year) to -0.17 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
QMHIX vs. RCTIX — Risk / Return Rank
QMHIX
RCTIX
QMHIX vs. RCTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Managed Futures Strategy HV Fund (QMHIX) and River Canyon Total Return Bond Fund (RCTIX). 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.
| QMHIX | RCTIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.38 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 3.67 | -0.54 |
| Martin ratioReturn relative to average drawdown | 10.81 | 12.03 | -1.22 |
Loading charts...
Drawdowns
QMHIX vs. RCTIX - Drawdown Comparison
The maximum QMHIX drawdown since its inception was -39.37%, which is greater than RCTIX's maximum drawdown of -10.89%. Use the drawdown chart below to compare losses from any high point for QMHIX and RCTIX.
Loading charts...
Drawdown Indicators
| QMHIX | RCTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.37% | -10.89% | -28.48% |
Max Drawdown (1Y)Largest decline over 1 year | -8.78% | -1.20% | -7.58% |
Max Drawdown (3Y)Largest decline over 3 years | -19.06% | -1.48% | -17.58% |
Max Drawdown (5Y)Largest decline over 5 years | -19.06% | -6.17% | -12.89% |
Max Drawdown (10Y)Largest decline over 10 years | -33.06% | -10.89% | -22.17% |
Current DrawdownCurrent decline from peak | -5.54% | 0.00% | -5.54% |
Average DrawdownAverage peak-to-trough decline | -17.65% | -1.07% | -16.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 0.37% | +2.16% |
Volatility
QMHIX vs. RCTIX - Volatility Comparison
AQR Managed Futures Strategy HV Fund (QMHIX) has a higher volatility of 5.34% compared to River Canyon Total Return Bond Fund (RCTIX) at 0.66%. This indicates that QMHIX's price experiences larger fluctuations and is considered to be riskier than RCTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| QMHIX | RCTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 0.66% | +4.68% |
Volatility (6M)Calculated over the trailing 6-month period | 11.04% | 1.81% | +9.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.18% | 2.34% | +11.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.31% | 2.50% | +14.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.34% | 3.74% | +11.60% |
QMHIX vs. RCTIX - Expense Ratio Comparison
QMHIX has a 1.65% expense ratio, which is higher than RCTIX's 0.89% expense ratio.
Dividends
QMHIX vs. RCTIX - Dividend Comparison
QMHIX's dividend yield for the trailing twelve months is around 1.82%, less than RCTIX's 7.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QMHIX AQR Managed Futures Strategy HV Fund | 1.82% | 2.05% | 2.31% | 7.66% | 9.34% | 10.96% | 9.52% | 4.18% | 0.00% | 0.00% | 0.01% | 7.57% |
RCTIX River Canyon Total Return Bond Fund | 7.36% | 7.31% | 7.89% | 8.50% | 5.98% | 3.02% | 5.97% | 4.97% | 3.30% | 4.89% | 2.16% | 0.00% |
Frequently Asked Questions
QMHIX and RCTIX have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QMHIX has higher volatility (5.34%) compared to RCTIX (0.66%). In terms of maximum drawdown, QMHIX dropped -39.37% vs RCTIX's -10.89%.
QMHIX currently has the higher Sharpe Ratio (1.94 vs 1.89), 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.
Find the right allocation for QMHIX and RCTIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer