AQR MS Fusion Fund Class I (QMFIX) belongs to the Multistrategy category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with QMFIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to QMFIX
QMFIX charges 3.55% annually. There are 61 mutual funds in the Multistrategy category with lower expense ratios, going as low as 0.18%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aspiriant Defensive Allocation Fund | 0.18% | — | Dec 2015 | QMFIX vs RMDFX | |
| Symmetry Panoramic Alternatives Fund | 0.50% | — | Nov 2018 | QMFIX vs SPATX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 0.59% | — | Feb 2018 | QMFIX vs TALTX | |
| GMO Alternative Allocation Fund | 0.61% | — | May 2019 | QMFIX vs GAAVX | |
| Allspring Alternative Risk Premia Fund | 0.72% | — | Jan 2019 | QMFIX vs WRPIX |
Best Risk-Adjusted Alternatives to QMFIX
Among 64 mutual funds in the Multistrategy category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Stone Ridge Reinsurance Risk Premium Interval Fund | 100 | — | Dec 2013 | QMFIX vs SRRIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 100 | — | Aug 2017 | QMFIX vs ARBIX | |
| Strategic Advisers Alternatives Fund | 99 | — | Jul 2022 | QMFIX vs FSLTX | |
| Blackstone Alternative Multi-Strategy Fund | 99 | — | Jun 2014 | QMFIX vs BXMIX | |
| AQR Diversified Arbitrage Fund Class I | 99 | — | Jan 2009 | QMFIX vs ADAIX |
Top Performing QMFIX Alternatives (YTD)
QMFIX is at 6.45% YTD. There are 21 mutual funds in the Multistrategy category with higher YTD returns, going as high as 22.10%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Alternative Risk Premia R6 | 22.10% | — | Sep 2017 | QMFIX vs QRPRX | |
| AQR Alternative Risk Premia Fund - Class I | 21.98% | — | Sep 2017 | QMFIX vs QRPIX | |
| AQR Alternative Risk Premia Fund Class N | 21.85% | — | Sep 2017 | QMFIX vs QRPNX | |
| AQR Style Premia Alternative Fund - Class I | 17.69% | — | Oct 2013 | QMFIX vs QSPIX | |
| AQR Style Premia Alternative R6 | 17.68% | — | Sep 2014 | QMFIX vs QSPRX |
Lowest Volatility Alternatives to QMFIX
QMFIX has 15.03% 1-year volatility. There are 63 mutual funds in the Multistrategy category with lower 1-year volatility, going as low as 1.25%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | 1.25% | — | Aug 2017 | QMFIX vs ARBIX | |
| AQR Diversified Arbitrage Fund Class N | 1.47% | — | Jan 2009 | QMFIX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | 1.48% | — | Jan 2009 | QMFIX vs ADAIX | |
| Strategic Advisers Alternatives Fund | 2.25% | — | Jul 2022 | QMFIX vs FSLTX | |
| Morningstar Alternatives Fund | 2.29% | — | Nov 2018 | QMFIX vs MSTVX |
Lowest Drawdown Alternatives to QMFIX
Among 64 mutual funds in the Multistrategy category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.51%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | -0.51% | — | Aug 2017 | QMFIX vs ARBIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.55% | — | Dec 2013 | QMFIX vs SRRIX | |
| AQR Diversified Arbitrage Fund Class N | -0.60% | — | Jan 2009 | QMFIX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | -0.60% | — | Jan 2009 | QMFIX vs ADAIX | |
| Strategic Advisers Alternatives Fund | -0.86% | — | Jul 2022 | QMFIX vs FSLTX |
Other Mutual Funds from AQR
The 10 most viewed AQR mutual funds shown here include QLEIX, QLENX, QMNNX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| AQR Long-Short Equity Fund | Long-Short | 78 | 0.43% | — | Jul 2013 | QMFIX vs QLEIX | |
| AQR Long-Short Equity Fund Class N | Long-Short, Actively Managed | 75 | 0.24% | — | Jul 2013 | QMFIX vs QLENX | |
| AQR Equity Market Neutral Fund Class N | Equity Market Neutral | 18 | -6.23% | — | Oct 2014 | QMFIX vs QMNNX | |
| AQR Managed Futures Strategy Fund - Class I | Systematic Trend | 90 | 10.24% | — | Jan 2010 | QMFIX vs AQMIX | |
| AQR Diversifying Strategies Fund - Class I | Multistrategy | 92 | 5.50% | — | Jun 2020 | QMFIX vs QDSIX | |
| AQR Managed Futures Strategy HV Fund | Systematic Trend | 82 | 12.49% | — | Jul 2013 | QMFIX vs QMHIX | |
| AQR Trend Total Return Fund | Systematic Trend | 91 | 13.04% | — | Dec 2021 | QMFIX vs QNZNX | |
| AQR Multi-Asset Fund | Tactical Allocation | 76 | 8.88% | — | Sep 2010 | QMFIX vs AQRIX | |
| AQR Global Equity Fund | Global Equities | 81 | 13.10% | — | Dec 2009 | QMFIX vs AQGIX | |
| AQR Diversifying Strategies Fund Class N | Tactical Allocation | 92 | 5.37% | — | Jun 2020 | QMFIX vs QDSNX |
Often Compared With QMFIX
Investors most often compare QMFIX with QMFRX, QHFIX, QHFRX. These 19 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare QMFIX with Any Fund or Stock
Compare QMFIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair QMFIX with funds that move differently
AQR MS Fusion Fund Class I alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QMFIX.
Explore QMFIX Diversifiers