ATESX vs. QLFRX

Last updated Jun 5, 2026

ATESX (Anchor Risk Managed Equity Strategies Fund) and QLFRX (AQR LSE Fusion Fund Class R6) are both Long-Short funds. At a 0.47 correlation, their price movements are largely independent. ATESX charges 2.10%/yr vs 6.20%/yr for QLFRX.

Performance

ATESX vs. QLFRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Anchor Risk Managed Equity Strategies Fund (ATESX) and AQR LSE Fusion Fund Class R6 (QLFRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ATESX achieves a 12.03% return, which is significantly higher than QLFRX's 0.25% return.

ATESX

• 1D: -0.40%
• 1M: 6.89%
• YTD: 12.03%
• 6M: 9.33%
• 1Y: 18.75%
• 3Y*: 9.27%
• 5Y*: 6.37%
• 10Y*: —

QLFRX

• 1D: -0.33%
• 1M: 5.51%
• YTD: 0.25%
• 6M: 3.40%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ATESX vs. QLFRX - Yearly Performance Comparison

	2026 (YTD)	2025
ATESX Anchor Risk Managed Equity Strategies Fund	12.03%	-3.57%
QLFRX AQR LSE Fusion Fund Class R6	0.25%	6.80%

Correlation

The correlation between ATESX and QLFRX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 7, 2025	0.47

Return for Risk

ATESX vs. QLFRX — Risk / Return Rank

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

ATESX

ATESX Risk / Return Rank: 33
ATESX Sharpe Ratio Rank: 40
ATESX Sortino Ratio Rank: 35
ATESX Omega Ratio Rank: 43
ATESX Calmar Ratio Rank: 33
ATESX Martin Ratio Rank: 15

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.

ATESX vs. QLFRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Anchor Risk Managed Equity Strategies Fund (ATESX) and AQR LSE Fusion Fund Class R6 (QLFRX). 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.

	ATESX	QLFRX	Difference
Sharpe ratio: Return per unit of total volatility	1.83	—	—
Sortino ratio: Return per unit of downside risk	2.46	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	2.13	—	—
Martin ratio: Return relative to average drawdown	4.15	—	—
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

	ATESX	QLFRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	0.85	+0.02

Drawdowns

ATESX vs. QLFRX - Drawdown Comparison

The maximum ATESX drawdown since its inception was -12.87%, smaller than the maximum QLFRX drawdown of -14.53%. Use the drawdown chart below to compare losses from any high point for ATESX and QLFRX.

Drawdown Indicators

	ATESX	QLFRX	Difference
Max Drawdown Largest peak-to-trough decline	-12.87%	-14.53%	+1.66%
Max Drawdown (1Y) Largest decline over 1 year	-8.92%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-10.73%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-12.87%	—	—
Current Drawdown Current decline from peak	-0.40%	-0.99%	+0.59%
Average Drawdown Average peak-to-trough decline	-3.69%	-5.64%	+1.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.57%	—	—

Volatility

Volatility by Period

	ATESX	QLFRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.81%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.41%	15.84%	-5.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.42%	15.84%	-5.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.97%	15.84%	-4.87%

ATESX vs. QLFRX - Expense Ratio Comparison

ATESX has a 2.10% expense ratio, which is lower than QLFRX's 6.20% expense ratio.

Dividends

ATESX vs. QLFRX - Dividend Comparison

ATESX has not paid dividends to shareholders, while QLFRX's dividend yield for the trailing twelve months is around 0.22%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ATESX Anchor Risk Managed Equity Strategies Fund	0.00%	0.00%	0.00%	1.30%	7.45%	0.00%	0.00%	11.78%	7.70%	6.02%
QLFRX AQR LSE Fusion Fund Class R6	0.22%	0.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ATESX and QLFRX in my portfolio?

ATESX and QLFRX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.