QSPMX vs. HFSAX

Last updated Jun 24, 2026

QSPMX (Quantified Pattern Recognition Fund) and HFSAX (Hundredfold Select Alternative Fund Investor Class) are both mutual funds - QSPMX is a Diversified Portfolio fund managed by Advisors Preferred, while HFSAX is a Tactical Allocation fund managed by Advisors Preferred. Over the past 5 years, QSPMX returned 7.22%/yr vs 3.30%/yr for HFSAX. At a 0.35 correlation, their price movements are largely independent. QSPMX charges 1.55%/yr vs 1.75%/yr for HFSAX.

Performance

QSPMX vs. HFSAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Quantified Pattern Recognition Fund (QSPMX) and Hundredfold Select Alternative Fund Investor Class (HFSAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QSPMX achieves a -6.57% return, which is significantly lower than HFSAX's 1.83% return.

QSPMX

• 1D: -0.36%
• 1M: 1.34%
• YTD: -6.57%
• 6M: -6.98%
• 1Y: 14.74%
• 3Y*: 9.54%
• 5Y*: 7.22%
• 10Y*: —

HFSAX

• 1D: 0.12%
• 1M: 0.29%
• YTD: 1.83%
• 6M: 1.51%
• 1Y: 9.92%
• 3Y*: 9.79%
• 5Y*: 3.30%
• 10Y*: 8.43%

*Multi-year figures are annualized to reflect compound growth (CAGR)

QSPMX vs. HFSAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
QSPMX Quantified Pattern Recognition Fund	-6.57%	27.23%	18.38%	13.84%	-18.49%	33.83%	-0.34%	11.49%
HFSAX Hundredfold Select Alternative Fund Investor Class	1.83%	11.97%	3.75%	10.93%	-9.44%	9.05%	38.71%	3.47%

Correlation

The correlation between QSPMX and HFSAX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (All Time) Calculated using the full available price history since Aug 29, 2019	0.35

The correlation between QSPMX and HFSAX shifts across timeframes, from 0.32 (3 years) to 0.48 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

QSPMX vs. HFSAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QSPMX

QSPMX Risk / Return Rank: 18
QSPMX Sharpe Ratio Rank: 19
QSPMX Sortino Ratio Rank: 18
QSPMX Omega Ratio Rank: 27
QSPMX Calmar Ratio Rank: 14
QSPMX Martin Ratio Rank: 10

HFSAX

HFSAX Risk / Return Rank: 58
HFSAX Sharpe Ratio Rank: 66
HFSAX Sortino Ratio Rank: 56
HFSAX Omega Ratio Rank: 72
HFSAX Calmar Ratio Rank: 59
HFSAX Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QSPMX vs. HFSAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Quantified Pattern Recognition Fund (QSPMX) and Hundredfold Select Alternative Fund Investor Class (HFSAX). 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.

	QSPMX	HFSAX	Difference
Sharpe ratio: Return per unit of total volatility	1.15	2.19	-1.04
Sortino ratio: Return per unit of downside risk	1.63	2.88	-1.25
Omega ratio: Gain probability vs. loss probability	1.25	1.43	-0.18
Calmar ratio: Return relative to maximum drawdown	1.19	2.82	-1.63
Martin ratio: Return relative to average drawdown	2.72	7.67	-4.95

QSPMX vs. HFSAX - Sharpe Ratio Comparison

The current QSPMX Sharpe Ratio is 1.15, which is lower than the HFSAX Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of QSPMX and HFSAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QSPMX vs. HFSAX - Drawdown Comparison

The maximum QSPMX drawdown since its inception was -28.36%, which is greater than HFSAX's maximum drawdown of -12.81%. Use the drawdown chart below to compare losses from any high point for QSPMX and HFSAX.

Drawdown Indicators

	QSPMX	HFSAX	Difference
Max Drawdown Largest peak-to-trough decline	-28.36%	-12.81%	-15.55%
Max Drawdown (1Y) Largest decline over 1 year	-13.85%	-3.68%	-10.17%
Max Drawdown (3Y) Largest decline over 3 years	-13.85%	-5.67%	-8.18%
Max Drawdown (5Y) Largest decline over 5 years	-28.36%	-12.16%	-16.20%
Max Drawdown (10Y) Largest decline over 10 years	—	-12.81%	—
Current Drawdown Current decline from peak	-9.89%	-1.01%	-8.88%
Average Drawdown Average peak-to-trough decline	-7.23%	-2.38%	-4.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.03%	1.35%	+4.68%

Volatility

QSPMX vs. HFSAX - Volatility Comparison

Quantified Pattern Recognition Fund (QSPMX) has a higher volatility of 2.45% compared to Hundredfold Select Alternative Fund Investor Class (HFSAX) at 1.73%. This indicates that QSPMX's price experiences larger fluctuations and is considered to be riskier than HFSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QSPMX	HFSAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.45%	1.73%	+0.72%
Volatility (6M) Calculated over the trailing 6-month period	12.00%	3.83%	+8.17%
Volatility (1Y) Calculated over the trailing 1-year period	14.31%	4.75%	+9.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.38%	6.21%	+11.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.40%	6.27%	+12.13%

QSPMX vs. HFSAX - Expense Ratio Comparison

QSPMX has a 1.55% expense ratio, which is lower than HFSAX's 1.75% expense ratio.

Dividends

QSPMX vs. HFSAX - Dividend Comparison

QSPMX's dividend yield for the trailing twelve months is around 1.59%, less than HFSAX's 9.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HFSAX Hundredfold Select Alternative Fund Investor Class	9.57%	9.75%	5.87%	5.17%	4.92%	10.98%	13.58%	6.44%	3.11%	11.06%	5.60%	1.85%
QSPMX Quantified Pattern Recognition Fund	1.59%	1.48%	2.26%	3.99%	0.13%	26.85%	0.21%	3.81%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QSPMX and HFSAX in my portfolio?

QSPMX and HFSAX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QSPMX or HFSAX?

QSPMX has higher volatility (2.45%) compared to HFSAX (1.73%). In terms of maximum drawdown, QSPMX dropped -28.36% vs HFSAX's -12.81%.

Which has better risk-adjusted returns?

HFSAX currently has the higher Sharpe Ratio (2.19 vs 1.15), 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.