QCFIX vs. QCFNX

Last updated Jun 23, 2026

QCFIX (AQR CVX Fusion Fund Class I) and QCFNX (AQR CVX Fusion Fund Class N) are both Systematic Trend funds from AQR. Both are actively managed. With a 1.00 correlation, they move nearly in lockstep. QCFIX charges 2.17%/yr vs 2.42%/yr for QCFNX.

Performance

QCFIX vs. QCFNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR CVX Fusion Fund Class I (QCFIX) and AQR CVX Fusion Fund Class N (QCFNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with QCFIX having a 15.05% return and QCFNX slightly lower at 14.88%.

QCFIX

• 1D: 0.63%
• 1M: -0.78%
• YTD: 15.05%
• 6M: 14.63%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QCFNX

• 1D: 0.63%
• 1M: -0.86%
• YTD: 14.88%
• 6M: 14.47%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QCFIX vs. QCFNX - Yearly Performance Comparison

	2026 (YTD)	2025
QCFIX AQR CVX Fusion Fund Class I	15.05%	2.00%
QCFNX AQR CVX Fusion Fund Class N	14.88%	1.98%

Correlation

The correlation between QCFIX and QCFNX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 6, 2025	1.00

Return for Risk

QCFIX vs. QCFNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR CVX Fusion Fund Class I (QCFIX) and AQR CVX Fusion Fund Class N (QCFNX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

QCFIX vs. QCFNX - Drawdown Comparison

The maximum QCFIX drawdown since its inception was -7.93%, roughly equal to the maximum QCFNX drawdown of -8.02%. Use the drawdown chart below to compare losses from any high point for QCFIX and QCFNX.

Drawdown Indicators

	QCFIX	QCFNX	Difference
Max Drawdown Largest peak-to-trough decline	-7.93%	-8.02%	+0.09%
Current Drawdown Current decline from peak	-3.04%	-3.04%	0.00%
Average Drawdown Average peak-to-trough decline	-1.69%	-1.70%	+0.01%

Volatility

Volatility by Period

	QCFIX	QCFNX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	15.13%	15.13%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.13%	15.13%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.13%	15.13%	0.00%

QCFIX vs. QCFNX - Expense Ratio Comparison

QCFIX has a 2.17% expense ratio, which is lower than QCFNX's 2.42% expense ratio.

Dividends

QCFIX vs. QCFNX - Dividend Comparison

QCFIX's dividend yield for the trailing twelve months is around 6.80%, more than QCFNX's 6.72% yield.

Position	TTM	2025
QCFIX AQR CVX Fusion Fund Class I	6.80%	7.82%
QCFNX AQR CVX Fusion Fund Class N	6.72%	7.72%

Frequently Asked Questions

Can I hold both QCFIX and QCFNX in my portfolio?

With a correlation of 1.00, QCFIX and QCFNX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.