TRTY vs. AQRIX

Last updated Jun 4, 2026

TRTY (Cambria Trinity ETF) and AQRIX (AQR Multi-Asset Fund) are both Tactical Allocation funds. Over the past 5 years, TRTY returned 5.91%/yr vs 8.88%/yr for AQRIX. A 0.64 correlation means they provide meaningful diversification when combined. TRTY charges 0.44%/yr vs 0.80%/yr for AQRIX.

Performance

TRTY vs. AQRIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cambria Trinity ETF (TRTY) and AQR Multi-Asset Fund (AQRIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRTY achieves a 10.10% return, which is significantly lower than AQRIX's 10.80% return.

TRTY

• 1D: -0.42%
• 1M: 0.96%
• YTD: 10.10%
• 6M: 11.29%
• 1Y: 23.79%
• 3Y*: 11.86%
• 5Y*: 5.91%
• 10Y*: —

AQRIX

• 1D: 0.23%
• 1M: 3.20%
• YTD: 10.80%
• 6M: 11.21%
• 1Y: 23.61%
• 3Y*: 16.30%
• 5Y*: 8.88%
• 10Y*: 8.58%

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

TRTY vs. AQRIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
TRTY Cambria Trinity ETF	10.10%	16.35%	3.89%	3.97%	-3.30%	15.73%	1.68%	8.36%	-5.74%
AQRIX AQR Multi-Asset Fund	10.80%	18.71%	10.45%	11.59%	-10.54%	14.35%	2.68%	21.03%	-4.42%

Correlation

The correlation between TRTY and AQRIX is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Sep 13, 2018	0.64

The correlation between TRTY and AQRIX has been stable across timeframes, ranging from 0.64 to 0.72 - a consistent structural relationship.

Return for Risk

TRTY vs. AQRIX — Risk / Return Rank

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

TRTY

TRTY Risk / Return Rank: 79
TRTY Sharpe Ratio Rank: 76
TRTY Sortino Ratio Rank: 68
TRTY Omega Ratio Rank: 83
TRTY Calmar Ratio Rank: 82
TRTY Martin Ratio Rank: 85

AQRIX

AQRIX Risk / Return Rank: 70
AQRIX Sharpe Ratio Rank: 75
AQRIX Sortino Ratio Rank: 69
AQRIX Omega Ratio Rank: 66
AQRIX Calmar Ratio Rank: 69
AQRIX Martin Ratio Rank: 72

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.

TRTY vs. AQRIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Trinity ETF (TRTY) and AQR Multi-Asset Fund (AQRIX). 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.

	TRTY	AQRIX	Difference
Sharpe ratio Return per unit of total volatility	2.50	2.51	-0.01
Sortino ratio Return per unit of downside risk	3.17	3.45	-0.28
Omega ratio Gain probability vs. loss probability	1.50	1.45	+0.05
Calmar ratio Return relative to maximum drawdown	4.35	3.22	+1.14
Martin ratio Return relative to average drawdown	17.99	13.70	+4.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRTY vs. AQRIX - Sharpe Ratio Comparison

The current TRTY Sharpe Ratio is 2.50, which is comparable to the AQRIX Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of TRTY and AQRIX, 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

	TRTY	AQRIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.50	2.51	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.84	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.80	-0.19

Drawdowns

TRTY vs. AQRIX - Drawdown Comparison

The maximum TRTY drawdown since its inception was -22.35%, which is greater than AQRIX's maximum drawdown of -19.37%. Use the drawdown chart below to compare losses from any high point for TRTY and AQRIX.

Drawdown Indicators

	TRTY	AQRIX	Difference
Max Drawdown Largest peak-to-trough decline	-22.35%	-19.37%	-2.98%
Max Drawdown (1Y) Largest decline over 1 year	-5.49%	-7.48%	+1.99%
Max Drawdown (3Y) Largest decline over 3 years	-9.25%	-11.05%	+1.80%
Max Drawdown (5Y) Largest decline over 5 years	-13.72%	-19.37%	+5.65%
Max Drawdown (10Y) Largest decline over 10 years	—	-19.37%	—
Current Drawdown Current decline from peak	-0.62%	0.00%	-0.62%
Average Drawdown Average peak-to-trough decline	-4.17%	-4.82%	+0.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.33%	1.75%	-0.42%

Volatility

TRTY vs. AQRIX - Volatility Comparison

The current volatility for Cambria Trinity ETF (TRTY) is 2.35%, while AQR Multi-Asset Fund (AQRIX) has a volatility of 2.70%. This indicates that TRTY experiences smaller price fluctuations and is considered to be less risky than AQRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRTY	AQRIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.35%	2.70%	-0.35%
Volatility (6M) Calculated over the trailing 6-month period	8.25%	7.62%	+0.63%
Volatility (1Y) Calculated over the trailing 1-year period	9.54%	9.59%	-0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.62%	10.67%	-0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.41%	9.79%	+0.62%

TRTY vs. AQRIX - Expense Ratio Comparison

TRTY has a 0.44% expense ratio, which is lower than AQRIX's 0.80% expense ratio.

Dividends

TRTY vs. AQRIX - Dividend Comparison

TRTY's dividend yield for the trailing twelve months is around 3.01%, less than AQRIX's 3.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AQRIX AQR Multi-Asset Fund	3.48%	3.85%	1.72%	2.40%	6.82%	6.39%	1.09%	6.65%	7.36%	10.49%	7.08%	2.51%
TRTY Cambria Trinity ETF	3.01%	2.86%	3.55%	3.24%	5.17%	4.52%	1.99%	2.64%	1.07%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TRTY and AQRIX in my portfolio?

TRTY and AQRIX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TRTY or AQRIX?

AQRIX has higher volatility (2.70%) compared to TRTY (2.35%). In terms of maximum drawdown, TRTY dropped -22.35% vs AQRIX's -19.37%.

Which has better risk-adjusted returns?

AQRIX currently has the higher Sharpe Ratio (2.51 vs 2.50), 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.