QNZNX vs. CSAAX
Compare and contrast key facts about AQR Trend Total Return Fund (QNZNX) and Manteio Managed Futures Fund A (CSAAX).
QNZNX is an actively managed fund by AQR Funds. It was launched on Dec 16, 2021. CSAAX is an actively managed fund by Investment Managers Series Trust III. It was launched on Sep 28, 2012.
Performance
QNZNX vs. CSAAX - Performance Comparison
Loading graphics...
QNZNX vs. CSAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
QNZNX AQR Trend Total Return Fund | 6.92% | 22.88% | 34.96% | 22.73% | 1.37% |
CSAAX Manteio Managed Futures Fund A | 2.48% | -6.15% | -5.81% | -6.29% | 6.90% |
Returns By Period
In the year-to-date period, QNZNX achieves a 6.92% return, which is significantly higher than CSAAX's 2.48% return.
QNZNX
- 1D
- 0.88%
- 1M
- -1.38%
- YTD
- 6.92%
- 6M
- 11.48%
- 1Y
- 27.14%
- 3Y*
- 28.03%
- 5Y*
- —
- 10Y*
- —
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%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
QNZNX vs. CSAAX - Expense Ratio Comparison
QNZNX has a 1.52% expense ratio, which is lower than CSAAX's 1.58% expense ratio.
Return for Risk
QNZNX vs. CSAAX — Risk / Return Rank
QNZNX
CSAAX
QNZNX vs. CSAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Trend Total Return Fund (QNZNX) 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.
| QNZNX | CSAAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.04 | -0.35 | +2.39 |
Sortino ratioReturn per unit of downside risk | 2.55 | -0.36 | +2.92 |
Omega ratioGain probability vs. loss probability | 1.40 | 0.94 | +0.45 |
Calmar ratioReturn relative to maximum drawdown | 2.76 | -0.37 | +3.13 |
Martin ratioReturn relative to average drawdown | 13.76 | -0.52 | +14.28 |
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
| QNZNX | CSAAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | -0.35 | +2.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.05 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.01 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.79 | 0.21 | +1.58 |
Correlation
The correlation between QNZNX and CSAAX is 0.21, 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
QNZNX vs. CSAAX - Dividend Comparison
QNZNX's dividend yield for the trailing twelve months is around 0.80%, less than CSAAX's 2.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QNZNX AQR Trend Total Return Fund | 0.80% | 0.86% | 16.46% | 23.14% | 2.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
QNZNX vs. CSAAX - Drawdown Comparison
The maximum QNZNX drawdown since its inception was -18.38%, smaller than the maximum CSAAX drawdown of -29.18%. Use the drawdown chart below to compare losses from any high point for QNZNX and CSAAX.
Loading graphics...
Drawdown Indicators
| QNZNX | CSAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.38% | -29.18% | +10.80% |
Max Drawdown (1Y)Largest decline over 1 year | -10.29% | -13.81% | +3.52% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.18% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.18% | — |
Current DrawdownCurrent decline from peak | -2.17% | -21.16% | +18.99% |
Average DrawdownAverage peak-to-trough decline | -2.88% | -10.55% | +7.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 9.94% | -7.87% |
Volatility
QNZNX vs. CSAAX - Volatility Comparison
The current volatility for AQR Trend Total Return Fund (QNZNX) is 2.66%, while Manteio Managed Futures Fund A (CSAAX) has a volatility of 4.47%. This indicates that QNZNX 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.
Loading graphics...
Volatility by Period
| QNZNX | CSAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 4.47% | -1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 8.89% | 10.04% | -1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.67% | 12.53% | +1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.20% | 10.38% | +1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.20% | 10.02% | +2.18% |