AQR MS Fusion Fund Class N (QMFNX) 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 QMFNX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to QMFNX
QMFNX charges 3.80% annually. There are 46 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 | QMFNX vs RMDFX | |
| Symmetry Panoramic Alternatives Fund | 0.50% | — | Nov 2018 | QMFNX vs SPATX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 0.59% | — | Feb 2018 | QMFNX vs TALTX | |
| GMO Alternative Allocation Fund | 0.61% | — | May 2019 | QMFNX vs GAAVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.72% | — | Jan 2009 | QMFNX vs JAAAX |
Best Risk-Adjusted Alternatives to QMFNX
Among 47 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 | QMFNX vs SRRIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 100 | — | Aug 2017 | QMFNX vs ARBIX | |
| Strategic Advisers Alternatives Fund | 99 | — | Jul 2022 | QMFNX vs FSLTX | |
| AQR Diversified Arbitrage Fund Class I | 99 | — | Jan 2009 | QMFNX vs ADAIX | |
| Blackstone Alternative Multi-Strategy Fund | 99 | — | Jun 2014 | QMFNX vs BXMIX |
Top Performing QMFNX Alternatives (YTD)
QMFNX is at 8.20% YTD. There are 14 mutual funds in the Multistrategy category with higher YTD returns, going as high as 18.34%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Alternative Risk Premia Fund | 18.34% | — | Sep 2017 | QMFNX vs QRPIX | |
| AQR Alternative Risk Premia Fund Class N | 18.26% | — | Sep 2017 | QMFNX vs QRPNX | |
| AQR Alternative Risk Premia R6 | 17.17% | — | Sep 2017 | QMFNX vs QRPRX | |
| AQR Style Premia Alternative Fund | 12.95% | — | Oct 2013 | QMFNX vs QSPIX | |
| AQR Style Premia Alternative Fund Class N | 11.49% | — | Oct 2013 | QMFNX vs QSPNX |
Lowest Volatility Alternatives to QMFNX
QMFNX has 14.99% 1-year volatility. There are 49 mutual funds in the Multistrategy category with lower 1-year volatility, going as low as 1.23%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | 1.23% | — | Aug 2017 | QMFNX vs ARBIX | |
| AQR Diversified Arbitrage Fund Class I | 1.42% | — | Jan 2009 | QMFNX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 1.42% | — | Jan 2009 | QMFNX vs ADANX | |
| T. Rowe Price Multi-Strategy Total Return Fund | 1.67% | — | Feb 2018 | QMFNX vs TMSRX | |
| Strategic Advisers Alternatives Fund | 2.18% | — | Jul 2022 | QMFNX vs FSLTX |
Lowest Drawdown Alternatives to QMFNX
Among 47 mutual funds in the Multistrategy category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.39%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Diversified Arbitrage Fund Class N | -0.39% | — | Jan 2009 | QMFNX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | -0.46% | — | Jan 2009 | QMFNX vs ADAIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | -0.51% | — | Aug 2017 | QMFNX vs ARBIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.55% | — | Dec 2013 | QMFNX vs SRRIX | |
| T. Rowe Price Multi-Strategy Total Return Fund | -0.83% | — | Feb 2018 | QMFNX vs TMSRX |
Other Mutual Funds from AQR
The 10 most viewed AQR mutual funds shown here include QCFNX, QSPRX, QCFIX and span 3 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| AQR CVX Fusion Fund Class N | Systematic Trend | — | 15.15% | — | Jun 2025 | QMFNX vs QCFNX | |
| AQR Style Premia Alternative R6 | Multistrategy | 44 | 11.48% | — | Sep 2014 | QMFNX vs QSPRX | |
| AQR CVX Fusion Fund Class I | Systematic Trend | — | 15.05% | — | Jun 2025 | QMFNX vs QCFIX | |
| AQR Managed Futures Strategy HV Fund Class N | Systematic Trend | 82 | 13.82% | — | Jul 2013 | QMFNX vs QMHNX | |
| AQR LSE Fusion Fund Class I | Long-Short | — | -1.83% | — | Jun 2025 | QMFNX vs QLFIX | |
| AQR MS Fusion HV Fund Fund Class I | Multistrategy | — | 0.76% | — | Jun 2025 | QMFNX vs QHFIX | |
| AQR LSE Fusion Fund Class N | Long-Short | — | -1.91% | — | Jun 2025 | QMFNX vs QLFNX | |
| AQR MS Fusion Fund Class R6 | Multistrategy | — | 8.37% | — | Jun 2025 | QMFNX vs QMFRX | |
| AQR MS Fusion HV Fund Fund Class N | Multistrategy | — | 0.59% | — | Jun 2025 | QMFNX vs QHFNX | |
| AQR MS Fusion HV Fund Class R6 | Multistrategy | — | 0.76% | — | Jun 2025 | QMFNX vs QHFRX |
Often Compared With QMFNX
Investors most often compare QMFNX with SHRIX, QCFRX, QLFRX. These 9 comparison targets span 4 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | Multistrategy | 98 | 1.91% | — | Feb 2013 | QMFNX vs SHRIX | |
| AQR CVX Fusion Fund Class R6 | Systematic Trend | — | 15.03% | — | Jun 2025 | QMFNX vs QCFRX | |
| AQR LSE Fusion Fund Class R6 | Long-Short | — | -1.83% | — | Jun 2025 | QMFNX vs QLFRX | |
| 1290 Multi-Alternative Strategies Fund | Multistrategy | 82 | 9.29% | — | Jul 2015 | QMFNX vs TNMIX | |
| FS Credit Income Fund Class I | Multistrategy | 97 | 2.81% | — | Nov 2017 | QMFNX vs FCRIX | |
| AlphaCentric Symmetry Strategy Fund Class I | Multistrategy | 61 | 7.24% | — | Aug 2019 | QMFNX vs SYMIX | |
| Allspring Alternative Risk Premia Fund | Multistrategy | 95 | 8.83% | — | Jan 2019 | QMFNX vs WRPIX | |
| Abbey Capital Multi Asset Fund Class I | Multistrategy | 82 | 11.41% | — | Apr 2018 | QMFNX vs MAFIX | |
| Avantis All Equity Markets ETF | Global Equities | 79 | 14.80% | 946.39M | Sep 2022 | QMFNX vs AVGE |
Compare QMFNX with Any Fund or Stock
Compare QMFNX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair QMFNX with funds that move differently
AQR MS Fusion Fund Class N alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QMFNX.
Explore QMFNX Diversifiers