QTERX vs. QMHIX
Compare and contrast key facts about AQR Emerging Multi-Style II Fund Class R6 (QTERX) and AQR Managed Futures Strategy HV Fund (QMHIX).
QTERX is an actively managed fund by AQR Funds. It was launched on Feb 11, 2012. QMHIX is managed by AQR Funds. It was launched on Jul 15, 2013.
Performance
QTERX vs. QMHIX - Performance Comparison
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QTERX vs. QMHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QTERX AQR Emerging Multi-Style II Fund Class R6 | 3.07% | 32.94% | 12.02% | 12.66% | -21.13% | 0.95% | 17.08% | 16.87% | -16.22% | 37.22% |
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% |
Returns By Period
In the year-to-date period, QTERX achieves a 3.07% return, which is significantly lower than QMHIX's 14.62% return. Over the past 10 years, QTERX has outperformed QMHIX with an annualized return of 8.53%, while QMHIX has yielded a comparatively lower 5.02% annualized return.
QTERX
- 1D
- -0.89%
- 1M
- -12.18%
- YTD
- 3.07%
- 6M
- 9.15%
- 1Y
- 33.11%
- 3Y*
- 18.47%
- 5Y*
- 5.46%
- 10Y*
- 8.53%
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%
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QTERX vs. QMHIX - Expense Ratio Comparison
QTERX has a 0.62% expense ratio, which is lower than QMHIX's 1.65% expense ratio.
Return for Risk
QTERX vs. QMHIX — Risk / Return Rank
QTERX
QMHIX
QTERX vs. QMHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Emerging Multi-Style II Fund Class R6 (QTERX) and AQR Managed Futures Strategy HV Fund (QMHIX). 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.
| QTERX | QMHIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.86 | 2.01 | -0.15 |
Sortino ratioReturn per unit of downside risk | 2.43 | 2.45 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.36 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 2.30 | 3.29 | -0.99 |
Martin ratioReturn relative to average drawdown | 9.07 | 8.79 | +0.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QTERX | QMHIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.86 | 2.01 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.96 | -0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.33 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.37 | +0.13 |
Correlation
The correlation between QTERX and QMHIX is 0.03, 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
QTERX vs. QMHIX - Dividend Comparison
QTERX's dividend yield for the trailing twelve months is around 4.12%, more than QMHIX's 1.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QTERX AQR Emerging Multi-Style II Fund Class R6 | 4.12% | 4.25% | 4.91% | 5.76% | 4.73% | 2.53% | 1.68% | 4.48% | 2.40% | 1.63% | 2.57% | 0.00% |
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% |
Drawdowns
QTERX vs. QMHIX - Drawdown Comparison
The maximum QTERX drawdown since its inception was -39.15%, roughly equal to the maximum QMHIX drawdown of -39.37%. Use the drawdown chart below to compare losses from any high point for QTERX and QMHIX.
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Drawdown Indicators
| QTERX | QMHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.15% | -39.37% | +0.22% |
Max Drawdown (1Y)Largest decline over 1 year | -13.32% | -8.34% | -4.98% |
Max Drawdown (5Y)Largest decline over 5 years | -37.53% | -19.06% | -18.47% |
Max Drawdown (10Y)Largest decline over 10 years | -39.15% | -34.54% | -4.61% |
Current DrawdownCurrent decline from peak | -13.32% | -0.62% | -12.70% |
Average DrawdownAverage peak-to-trough decline | -12.21% | -18.05% | +5.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 3.13% | +0.25% |
Volatility
QTERX vs. QMHIX - Volatility Comparison
AQR Emerging Multi-Style II Fund Class R6 (QTERX) has a higher volatility of 8.13% compared to AQR Managed Futures Strategy HV Fund (QMHIX) at 3.98%. This indicates that QTERX's price experiences larger fluctuations and is considered to be riskier than QMHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QTERX | QMHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.13% | 3.98% | +4.15% |
Volatility (6M)Calculated over the trailing 6-month period | 13.40% | 9.98% | +3.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.78% | 14.16% | +3.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.59% | 17.26% | -0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.67% | 15.50% | +2.17% |