QCFIX vs. QHFNX

Last updated Apr 2, 2026

Compare and contrast key facts about AQR CVX Fusion Fund Class I (QCFIX) and AQR MS Fusion HV Fund Fund Class N (QHFNX).

QCFIX is an actively managed fund by AQR. It was launched on Jun 18, 2025. QHFNX is an actively managed fund by AQR. It was launched on Jun 25, 2025.

Performance

QCFIX vs. QHFNX - 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 N (QHFNX). The values are adjusted to include any dividend payments, if applicable.

QCFIX vs. QHFNX - Yearly Performance Comparison

	2026 (YTD)	2025
QCFIX AQR CVX Fusion Fund Class I	0.90%	2.00%
QHFNX AQR MS Fusion HV Fund Fund Class N	-12.10%	4.97%

Returns By Period

In the year-to-date period, QCFIX achieves a 0.90% return, which is significantly higher than QHFNX's -12.10% return.

QCFIX

• 1D: 2.56%
• 1M: -4.19%
• YTD: 0.90%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QHFNX

• 1D: 0.19%
• 1M: -8.62%
• YTD: -12.10%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QCFIX vs. QHFNX - Expense Ratio Comparison

QCFIX has a 2.17% expense ratio, which is lower than QHFNX's 6.94% expense ratio.

QHFNX

AQR MS Fusion HV Fund Fund Class N

QCFIX

AQR CVX Fusion Fund Class I

Return for Risk

QCFIX vs. QHFNX - 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 N (QHFNX). 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.

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

Sharpe Ratios by Period

	QCFIX	QHFNX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	-1.17	+1.67

Correlation

The correlation between QCFIX and QHFNX is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

QCFIX vs. QHFNX - Dividend Comparison

QCFIX's dividend yield for the trailing twelve months is around 7.75%, while QHFNX has not paid dividends to shareholders.

	TTM	2025
QCFIX AQR CVX Fusion Fund Class I	7.75%	7.82%
QHFNX AQR MS Fusion HV Fund Fund Class N	0.00%	0.00%

Drawdowns

QCFIX vs. QHFNX - Drawdown Comparison

The maximum QCFIX drawdown since its inception was -7.93%, smaller than the maximum QHFNX drawdown of -13.87%. Use the drawdown chart below to compare losses from any high point for QCFIX and QHFNX.

Drawdown Indicators

	QCFIX	QHFNX	Difference
Max Drawdown Largest peak-to-trough decline	-7.93%	-13.87%	+5.94%
Current Drawdown Current decline from peak	-5.56%	-13.70%	+8.14%
Average Drawdown Average peak-to-trough decline	-1.95%	-4.28%	+2.33%

Volatility

Volatility by Period

	QCFIX	QHFNX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.47%	16.19%	+0.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.47%	16.19%	+0.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.47%	16.19%	+0.28%