AQR MS Fusion Fund Class R6 (QMFRX) 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 QMFRX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to QMFRX
QMFRX charges 3.45% annually. There are 43 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 | QMFRX vs RMDFX | |
| Symmetry Panoramic Alternatives Fund | 0.50% | — | Nov 2018 | QMFRX vs SPATX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 0.59% | — | Feb 2018 | QMFRX vs TALTX | |
| GMO Alternative Allocation Fund | 0.61% | — | May 2019 | QMFRX vs GAAVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.72% | — | Jan 2009 | QMFRX vs JAAAX |
Best Risk-Adjusted Alternatives to QMFRX
Among 46 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 | QMFRX vs SRRIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 100 | — | Aug 2017 | QMFRX vs ARBIX | |
| Strategic Advisers Alternatives Fund | 99 | — | Jul 2022 | QMFRX vs FSLTX | |
| AQR Diversified Arbitrage Fund Class I | 99 | — | Jan 2009 | QMFRX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 99 | — | Jan 2009 | QMFRX vs ADANX |
Top Performing QMFRX Alternatives (YTD)
QMFRX is at 11.42% YTD. There are 7 mutual funds in the Multistrategy category with higher YTD returns, going as high as 19.78%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Alternative Risk Premia R6 | 19.78% | — | Sep 2017 | QMFRX vs QRPRX | |
| AQR Alternative Risk Premia Fund | 19.72% | — | Sep 2017 | QMFRX vs QRPIX | |
| AQR Alternative Risk Premia Fund Class N | 19.65% | — | Sep 2017 | QMFRX vs QRPNX | |
| AQR Style Premia Alternative R6 | 13.78% | — | Sep 2014 | QMFRX vs QSPRX | |
| AQR Style Premia Alternative Fund | 13.76% | — | Oct 2013 | QMFRX vs QSPIX |
Lowest Volatility Alternatives to QMFRX
QMFRX has 14.26% 1-year volatility. There are 46 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 | QMFRX vs ARBIX | |
| AQR Diversified Arbitrage Fund Class I | 1.40% | — | Jan 2009 | QMFRX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 1.42% | — | Jan 2009 | QMFRX vs ADANX | |
| T. Rowe Price Multi-Strategy Total Return Fund | 1.70% | — | Feb 2018 | QMFRX vs TMSRX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 1.84% | — | Feb 2018 | QMFRX vs TALTX |
Lowest Drawdown Alternatives to QMFRX
Among 46 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 | QMFRX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | -0.46% | — | Jan 2009 | QMFRX vs ADAIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | -0.51% | — | Aug 2017 | QMFRX vs ARBIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.55% | — | Dec 2013 | QMFRX vs SRRIX | |
| T. Rowe Price Multi-Strategy Total Return Fund | -0.83% | — | Feb 2018 | QMFRX vs TMSRX |
Other Mutual Funds from AQR
The 10 most viewed AQR mutual funds shown here include QCFNX, QSPNX, QCFIX and span 3 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| AQR CVX Fusion Fund Class N | Systematic Trend | — | 18.21% | — | Jun 2025 | QMFRX vs QCFNX | |
| AQR Style Premia Alternative Fund Class N | Multistrategy | 52 | 13.60% | — | Oct 2013 | QMFRX vs QSPNX | |
| AQR CVX Fusion Fund Class I | Systematic Trend | — | 18.38% | — | Jun 2025 | QMFRX vs QCFIX | |
| AQR Managed Futures Strategy HV Fund Class N | Systematic Trend | 85 | 18.97% | — | Jul 2013 | QMFRX vs QMHNX | |
| AQR MS Fusion HV Fund Fund Class I | Multistrategy | — | 3.55% | — | Jun 2025 | QMFRX vs QHFIX | |
| AQR LSE Fusion Fund Class I | Long-Short | — | 0.25% | — | Jun 2025 | QMFRX vs QLFIX | |
| AQR LSE Fusion Fund Class N | Long-Short | — | 0.17% | — | Jun 2025 | QMFRX vs QLFNX | |
| AQR MS Fusion HV Fund Fund Class N | Multistrategy | — | 3.38% | — | Jun 2025 | QMFRX vs QHFNX | |
| AQR MS Fusion HV Fund Class R6 | Multistrategy | — | 3.55% | — | Jun 2025 | QMFRX vs QHFRX | |
| AQR MS Fusion Fund Class N | Multistrategy | — | 11.26% | — | Jun 2025 | QMFRX vs QMFNX |
Often Compared With QMFRX
Investors most often compare QMFRX with FCRIX, QMFIX, AQRNX. These 10 comparison targets span 4 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| FS Credit Income Fund Class I | Multistrategy | 96 | 2.81% | — | Nov 2017 | QMFRX vs FCRIX | |
| AQR MS Fusion Fund Class I | Multistrategy | — | 11.33% | — | Jun 2025 | QMFRX vs QMFIX | |
| AQR Multi-Asset Fund Class N | Diversified Portfolio | 65 | 9.92% | — | Sep 2010 | QMFRX vs AQRNX | |
| AQR LSE Fusion Fund Class R6 | Long-Short | — | 0.25% | — | Jun 2025 | QMFRX vs QLFRX | |
| Allspring Alternative Risk Premia Fund | Multistrategy | 93 | 11.04% | — | Jan 2019 | QMFRX vs WRPIX | |
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | Multistrategy | 98 | 1.46% | — | Feb 2013 | QMFRX vs SHRIX | |
| AQR CVX Fusion Fund Class R6 | Systematic Trend | — | 18.45% | — | Jun 2025 | QMFRX vs QCFRX | |
| 1290 Multi-Alternative Strategies Fund | Multistrategy | 89 | 10.44% | — | Jul 2015 | QMFRX vs TNMIX | |
| AlphaCentric Symmetry Strategy Fund Class I | Multistrategy | 64 | 10.56% | — | Aug 2019 | QMFRX vs SYMIX | |
| Abbey Capital Multi Asset Fund Class I | Multistrategy | 81 | 13.09% | — | Apr 2018 | QMFRX vs MAFIX |
Compare QMFRX with Any Fund or Stock
Compare QMFRX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair QMFRX with funds that move differently
AQR MS Fusion Fund Class R6 alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QMFRX.
Explore QMFRX Diversifiers