QMHNX vs. CSAAX
Compare and contrast key facts about AQR Managed Futures Strategy HV Fund Class N (QMHNX) and Manteio Managed Futures Fund A (CSAAX).
QMHNX is an actively managed fund by AQR. It was launched on Jul 16, 2013. CSAAX is an actively managed fund by Investment Managers Series Trust III. It was launched on Sep 28, 2012.
Performance
QMHNX vs. CSAAX - Performance Comparison
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QMHNX vs. CSAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QMHNX AQR Managed Futures Strategy HV Fund Class N | 13.82% | 19.65% | 10.48% | -0.40% | 49.64% | -2.30% | -0.85% | 1.55% | -14.59% | -2.06% |
CSAAX Manteio Managed Futures Fund A | 2.48% | -6.15% | -5.81% | -6.29% | 20.93% | 7.18% | 1.57% | -4.58% | -4.32% | -1.57% |
Returns By Period
In the year-to-date period, QMHNX achieves a 13.82% return, which is significantly higher than CSAAX's 2.48% return. Over the past 10 years, QMHNX has outperformed CSAAX with an annualized return of 4.69%, while CSAAX has yielded a comparatively lower -0.10% annualized return.
QMHNX
- 1D
- -0.62%
- 1M
- 1.71%
- YTD
- 13.82%
- 6M
- 18.02%
- 1Y
- 25.90%
- 3Y*
- 17.50%
- 5Y*
- 16.03%
- 10Y*
- 4.69%
CSAAX
- 1D
- -0.13%
- 1M
- -2.19%
- YTD
- 2.48%
- 6M
- 6.11%
- 1Y
- -4.17%
- 3Y*
- -3.95%
- 5Y*
- 0.52%
- 10Y*
- -0.10%
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QMHNX vs. CSAAX - Expense Ratio Comparison
QMHNX has a 4.12% expense ratio, which is higher than CSAAX's 1.58% expense ratio.
Return for Risk
QMHNX vs. CSAAX — Risk / Return Rank
QMHNX
CSAAX
QMHNX vs. CSAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Managed Futures Strategy HV Fund Class N (QMHNX) and Manteio Managed Futures Fund A (CSAAX). 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.
| QMHNX | CSAAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.89 | -0.35 | +2.25 |
Sortino ratioReturn per unit of downside risk | 2.32 | -0.36 | +2.69 |
Omega ratioGain probability vs. loss probability | 1.34 | 0.94 | +0.40 |
Calmar ratioReturn relative to maximum drawdown | 3.27 | -0.37 | +3.63 |
Martin ratioReturn relative to average drawdown | 8.68 | -0.52 | +9.20 |
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
| QMHNX | CSAAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | -0.35 | +2.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 0.05 | +0.89 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | -0.01 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.21 | +0.14 |
Correlation
The correlation between QMHNX and CSAAX is 0.69, 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
QMHNX vs. CSAAX - Dividend Comparison
QMHNX's dividend yield for the trailing twelve months is around 1.66%, less than CSAAX's 2.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QMHNX AQR Managed Futures Strategy HV Fund Class N | 1.66% | 1.89% | 2.09% | 7.36% | 8.75% | 10.64% | 7.79% | 3.80% | 0.00% | 0.00% | 0.01% | 7.47% |
CSAAX Manteio Managed Futures Fund A | 2.75% | 2.13% | 1.76% | 0.27% | 18.83% | 8.69% | 0.00% | 1.51% | 0.00% | 0.00% | 2.66% | 8.46% |
Drawdowns
QMHNX vs. CSAAX - Drawdown Comparison
The maximum QMHNX drawdown since its inception was -40.29%, which is greater than CSAAX's maximum drawdown of -29.18%. Use the drawdown chart below to compare losses from any high point for QMHNX and CSAAX.
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Drawdown Indicators
| QMHNX | CSAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.29% | -29.18% | -11.11% |
Max Drawdown (1Y)Largest decline over 1 year | -8.40% | -13.81% | +5.41% |
Max Drawdown (5Y)Largest decline over 5 years | -19.23% | -29.18% | +9.95% |
Max Drawdown (10Y)Largest decline over 10 years | -35.34% | -29.18% | -6.16% |
Current DrawdownCurrent decline from peak | -1.23% | -21.16% | +19.93% |
Average DrawdownAverage peak-to-trough decline | -18.52% | -10.55% | -7.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 9.94% | -6.78% |
Volatility
QMHNX vs. CSAAX - Volatility Comparison
The current volatility for AQR Managed Futures Strategy HV Fund Class N (QMHNX) is 4.04%, while Manteio Managed Futures Fund A (CSAAX) has a volatility of 4.47%. This indicates that QMHNX experiences smaller price fluctuations and is considered to be less risky than CSAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QMHNX | CSAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 4.47% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 9.99% | 10.04% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.17% | 12.53% | +1.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.22% | 10.38% | +6.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.46% | 10.02% | +5.44% |