QCFIX vs. QHFIX

Last updated Jun 23, 2026

QCFIX (AQR CVX Fusion Fund Class I) and QHFIX (AQR MS Fusion HV Fund Fund Class I) are both mutual funds - QCFIX is a Systematic Trend fund actively managed by AQR, while QHFIX is a Multistrategy fund actively managed by AQR. Both are actively managed. A 0.73 correlation means they provide meaningful diversification when combined. QCFIX charges 2.17%/yr vs 6.69%/yr for QHFIX.

Performance

QCFIX vs. QHFIX - Performance Comparison

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

Returns By Period

In the year-to-date period, QCFIX achieves a 15.05% return, which is significantly higher than QHFIX's 0.76% return.

QCFIX

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

QHFIX

• 1D: 0.51%
• 1M: 1.79%
• YTD: 0.76%
• 6M: 0.17%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QCFIX vs. QHFIX - Yearly Performance Comparison

	2026 (YTD)	2025
QCFIX AQR CVX Fusion Fund Class I	15.05%	2.00%
QHFIX AQR MS Fusion HV Fund Fund Class I	0.76%	4.97%

Correlation

The correlation between QCFIX and QHFIX is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 6, 2025	0.73

Return for Risk

QCFIX vs. QHFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR CVX Fusion Fund Class I (QCFIX) and AQR MS Fusion HV Fund Fund Class I (QHFIX). 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. QHFIX - Drawdown Comparison

The maximum QCFIX drawdown since its inception was -7.93%, smaller than the maximum QHFIX drawdown of -13.85%. Use the drawdown chart below to compare losses from any high point for QCFIX and QHFIX.

Drawdown Indicators

	QCFIX	QHFIX	Difference
Max Drawdown Largest peak-to-trough decline	-7.93%	-13.85%	+5.92%
Current Drawdown Current decline from peak	-3.04%	-3.09%	+0.05%
Average Drawdown Average peak-to-trough decline	-1.69%	-4.88%	+3.19%

Volatility

Volatility by Period

	QCFIX	QHFIX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	15.13%	17.00%	-1.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.13%	17.00%	-1.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.13%	17.00%	-1.87%

QCFIX vs. QHFIX - Expense Ratio Comparison

QCFIX has a 2.17% expense ratio, which is lower than QHFIX's 6.69% expense ratio.

Dividends

QCFIX vs. QHFIX - Dividend Comparison

QCFIX's dividend yield for the trailing twelve months is around 6.80%, while QHFIX has not paid dividends to shareholders.

Position	TTM	2025
QCFIX AQR CVX Fusion Fund Class I	6.80%	7.82%
QHFIX AQR MS Fusion HV Fund Fund Class I	0.00%	0.00%

Frequently Asked Questions

Can I hold both QCFIX and QHFIX in my portfolio?

QCFIX and QHFIX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.