AQRNX vs. QLFNX

Last updated Apr 2, 2026

Compare and contrast key facts about AQR Multi-Asset Fund Class N (AQRNX) and AQR LSE Fusion Fund Class N (QLFNX).

AQRNX is an actively managed fund by AQR. It was launched on Sep 30, 2010. QLFNX is an actively managed fund by AQR. It was launched on Jun 25, 2025.

Performance

AQRNX vs. QLFNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR Multi-Asset Fund Class N (AQRNX) and AQR LSE Fusion Fund Class N (QLFNX). The values are adjusted to include any dividend payments, if applicable.

AQRNX vs. QLFNX - Yearly Performance Comparison

	2026 (YTD)	2025
AQRNX AQR Multi-Asset Fund Class N	1.93%	1.41%
QLFNX AQR LSE Fusion Fund Class N	-11.23%	6.71%

Returns By Period

In the year-to-date period, AQRNX achieves a 1.93% return, which is significantly higher than QLFNX's -11.23% return.

AQRNX

• 1D: 1.76%
• 1M: -4.49%
• YTD: 1.93%
• 6M: 4.49%
• 1Y: 14.48%
• 3Y*: 12.42%
• 5Y*: 7.99%
• 10Y*: 7.84%

QLFNX

• 1D: 2.20%
• 1M: -5.83%
• YTD: -11.23%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AQRNX vs. QLFNX - Expense Ratio Comparison

AQRNX has a 1.31% expense ratio, which is lower than QLFNX's 6.55% expense ratio.

QLFNX

AQR LSE Fusion Fund Class N

AQRNX

AQR Multi-Asset Fund Class N

Return for Risk

AQRNX vs. QLFNX — Risk / Return Rank

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

AQRNX

AQRNX Risk / Return Rank: 59
AQRNX Sharpe Ratio Rank: 63
AQRNX Sortino Ratio Rank: 58
AQRNX Omega Ratio Rank: 58
AQRNX Calmar Ratio Rank: 57
AQRNX Martin Ratio Rank: 61

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.

AQRNX vs. QLFNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR Multi-Asset Fund Class N (AQRNX) and AQR LSE Fusion Fund Class N (QLFNX). 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.

	AQRNX	QLFNX	Difference
Sharpe ratio Return per unit of total volatility	1.29	—	—
Sortino ratio Return per unit of downside risk	1.74	—	—
Omega ratio Gain probability vs. loss probability	1.26	—	—
Calmar ratio Return relative to maximum drawdown	1.67	—	—
Martin ratio Return relative to average drawdown	7.10	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	AQRNX	QLFNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.29	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	-0.87	+1.59

Correlation

The correlation between AQRNX and QLFNX is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

AQRNX vs. QLFNX - Dividend Comparison

AQRNX's dividend yield for the trailing twelve months is around 3.60%, more than QLFNX's 0.16% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AQRNX AQR Multi-Asset Fund Class N	3.60%	3.67%	1.44%	2.18%	6.67%	6.21%	0.72%	7.45%	7.08%	10.27%	6.78%	2.51%
QLFNX AQR LSE Fusion Fund Class N	0.16%	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

AQRNX vs. QLFNX - Drawdown Comparison

The maximum AQRNX drawdown since its inception was -19.37%, which is greater than QLFNX's maximum drawdown of -14.54%. Use the drawdown chart below to compare losses from any high point for AQRNX and QLFNX.

Drawdown Indicators

	AQRNX	QLFNX	Difference
Max Drawdown Largest peak-to-trough decline	-19.37%	-14.54%	-4.83%
Max Drawdown (1Y) Largest decline over 1 year	-9.55%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.37%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-19.37%	—	—
Current Drawdown Current decline from peak	-5.16%	-12.33%	+7.17%
Average Drawdown Average peak-to-trough decline	-4.93%	-5.11%	+0.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	—	—

Volatility

Volatility by Period

	AQRNX	QLFNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.73%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.92%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.03%	16.02%	-3.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.62%	16.02%	-5.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.74%	16.02%	-6.28%