RCTIX vs. QMHIX

Last updated Jun 4, 2026

RCTIX (River Canyon Total Return Bond Fund) and QMHIX (AQR Managed Futures Strategy HV Fund) are both mutual funds - RCTIX is a Short-Term Bond fund managed by River Canyon, while QMHIX is a Systematic Trend fund managed by AQR Funds. Over the past 10 years, RCTIX returned 5.54%/yr vs 5.74%/yr for QMHIX. At a correlation of -0.16, they often move in opposite directions. RCTIX charges 0.89%/yr vs 1.65%/yr for QMHIX.

Performance

RCTIX vs. QMHIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in River Canyon Total Return Bond Fund (RCTIX) and AQR Managed Futures Strategy HV Fund (QMHIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RCTIX achieves a 0.71% return, which is significantly lower than QMHIX's 17.77% return. Both investments have delivered pretty close results over the past 10 years, with RCTIX having a 5.54% annualized return and QMHIX not far ahead at 5.74%.

RCTIX

• 1D: 0.00%
• 1M: 0.20%
• YTD: 0.71%
• 6M: 1.26%
• 1Y: 5.24%
• 3Y*: 7.47%
• 5Y*: 4.38%
• 10Y*: 5.54%

QMHIX

• 1D: 0.78%
• 1M: 1.31%
• YTD: 17.77%
• 6M: 21.56%
• 1Y: 33.93%
• 3Y*: 16.36%
• 5Y*: 16.27%
• 10Y*: 5.74%

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

RCTIX vs. QMHIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RCTIX River Canyon Total Return Bond Fund	0.71%	7.75%	7.49%	10.02%	-4.07%	4.26%	6.42%	11.71%	1.82%	9.76%
QMHIX AQR Managed Futures Strategy HV Fund	17.77%	19.97%	10.78%	-0.17%	50.14%	-2.08%	-0.73%	1.82%	-14.44%	-1.72%

Correlation

The correlation between RCTIX and QMHIX is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.22
Correlation (3Y) Calculated over the trailing 3-year period	-0.27
Correlation (5Y) Calculated over the trailing 5-year period	-0.28
Correlation (10Y) Calculated over the trailing 10-year period	-0.17
Correlation (All Time) Calculated using the full available price history since Jan 5, 2015	-0.16

The correlation between RCTIX and QMHIX shifts across timeframes, from -0.28 (5 years) to -0.16 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RCTIX vs. QMHIX — Risk / Return Rank

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

RCTIX

RCTIX Risk / Return Rank: 74
RCTIX Sharpe Ratio Rank: 63
RCTIX Sortino Ratio Rank: 70
RCTIX Omega Ratio Rank: 72
RCTIX Calmar Ratio Rank: 88
RCTIX Martin Ratio Rank: 78

QMHIX

QMHIX Risk / Return Rank: 82
QMHIX Sharpe Ratio Rank: 84
QMHIX Sortino Ratio Rank: 70
QMHIX Omega Ratio Rank: 68
QMHIX Calmar Ratio Rank: 97
QMHIX Martin Ratio Rank: 94

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.

RCTIX vs. QMHIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for River Canyon Total Return Bond Fund (RCTIX) 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.

	RCTIX	QMHIX	Difference
Sharpe ratio: Return per unit of total volatility	2.32	2.70	-0.37
Sortino ratio: Return per unit of downside risk	3.49	3.48	+0.01
Omega ratio: Gain probability vs. loss probability	1.48	1.46	+0.02
Calmar ratio: Return relative to maximum drawdown	4.39	7.09	-2.70
Martin ratio: Return relative to average drawdown	14.63	20.87	-6.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RCTIX vs. QMHIX - Sharpe Ratio Comparison

The current RCTIX Sharpe Ratio is 2.32, which is comparable to the QMHIX Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of RCTIX and QMHIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RCTIX	QMHIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.32	2.70	-0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.77	0.94	+0.83
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.49	0.37	+1.12
Sharpe Ratio (All Time) Calculated using the full available price history	1.31	0.38	+0.93

Drawdowns

RCTIX vs. QMHIX - Drawdown Comparison

The maximum RCTIX drawdown since its inception was -10.89%, smaller than the maximum QMHIX drawdown of -39.37%. Use the drawdown chart below to compare losses from any high point for RCTIX and QMHIX.

Drawdown Indicators

	RCTIX	QMHIX	Difference
Max Drawdown Largest peak-to-trough decline	-10.89%	-39.37%	+28.48%
Max Drawdown (1Y) Largest decline over 1 year	-1.20%	-4.83%	+3.63%
Max Drawdown (3Y) Largest decline over 3 years	-1.48%	-19.06%	+17.58%
Max Drawdown (5Y) Largest decline over 5 years	-6.17%	-19.06%	+12.89%
Max Drawdown (10Y) Largest decline over 10 years	-10.89%	-34.54%	+23.65%
Current Drawdown Current decline from peak	-0.11%	-1.02%	+0.91%
Average Drawdown Average peak-to-trough decline	-1.08%	-17.82%	+16.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.36%	1.63%	-1.27%

Volatility

RCTIX vs. QMHIX - Volatility Comparison

The current volatility for River Canyon Total Return Bond Fund (RCTIX) is 0.83%, while AQR Managed Futures Strategy HV Fund (QMHIX) has a volatility of 3.69%. This indicates that RCTIX experiences smaller price fluctuations and is considered to be less risky than QMHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RCTIX	QMHIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.83%	3.69%	-2.86%
Volatility (6M) Calculated over the trailing 6-month period	1.76%	9.70%	-7.94%
Volatility (1Y) Calculated over the trailing 1-year period	2.28%	12.74%	-10.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.49%	17.35%	-14.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.74%	15.51%	-11.77%

RCTIX vs. QMHIX - Expense Ratio Comparison

RCTIX has a 0.89% expense ratio, which is lower than QMHIX's 1.65% expense ratio.

Dividends

RCTIX vs. QMHIX - Dividend Comparison

RCTIX's dividend yield for the trailing twelve months is around 7.27%, more than QMHIX's 1.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QMHIX AQR Managed Futures Strategy HV Fund	1.74%	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	7.27%	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

Can I hold both RCTIX and QMHIX in my portfolio?

RCTIX and QMHIX have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RCTIX or QMHIX?

QMHIX has higher volatility (3.69%) compared to RCTIX (0.83%). In terms of maximum drawdown, RCTIX dropped -10.89% vs QMHIX's -39.37%.

Which has better risk-adjusted returns?

QMHIX currently has the higher Sharpe Ratio (2.70 vs 2.32), 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.