QCFIX vs. QMFIX

Last updated Jun 3, 2026

QCFIX (AQR CVX Fusion Fund Class I) and QMFIX (AQR MS Fusion Fund Class I) are both mutual funds - QCFIX is a Systematic Trend fund actively managed by AQR, while QMFIX is a Multistrategy fund actively managed by AQR. Both are actively managed. Their correlation of 0.86 suggests significant overlap in exposure. QCFIX charges 2.17%/yr vs 3.55%/yr for QMFIX.

Performance

QCFIX vs. QMFIX - 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 Fund Class I (QMFIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QCFIX achieves a 17.84% return, which is significantly higher than QMFIX's 11.33% return.

QCFIX

• 1D: 1.00%
• 1M: 5.14%
• YTD: 17.84%
• 6M: 18.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QMFIX

• 1D: 1.35%
• 1M: 8.31%
• YTD: 11.33%
• 6M: 13.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QCFIX vs. QMFIX - Yearly Performance Comparison

	2026 (YTD)	2025
QCFIX AQR CVX Fusion Fund Class I	17.84%	2.00%
QMFIX AQR MS Fusion Fund Class I	11.33%	3.63%

Correlation

The correlation between QCFIX and QMFIX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 7, 2025	0.86

Return for Risk

QCFIX vs. QMFIX - 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 Fund Class I (QMFIX). 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	QMFIX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.84	2.15	+0.68

Drawdowns

QCFIX vs. QMFIX - Drawdown Comparison

The maximum QCFIX drawdown since its inception was -7.93%, smaller than the maximum QMFIX drawdown of -10.27%. Use the drawdown chart below to compare losses from any high point for QCFIX and QMFIX.

Drawdown Indicators

	QCFIX	QMFIX	Difference
Max Drawdown Largest peak-to-trough decline	-7.93%	-10.27%	+2.34%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.59%	-2.27%	+0.68%

Volatility

Volatility by Period

	QCFIX	QMFIX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	14.63%	14.37%	+0.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.63%	14.37%	+0.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.63%	14.37%	+0.26%

QCFIX vs. QMFIX - Expense Ratio Comparison

QCFIX has a 2.17% expense ratio, which is lower than QMFIX's 3.55% expense ratio.

Dividends

QCFIX vs. QMFIX - Dividend Comparison

QCFIX's dividend yield for the trailing twelve months is around 6.64%, more than QMFIX's 0.41% yield.

Position	TTM	2025
QCFIX AQR CVX Fusion Fund Class I	6.64%	7.82%
QMFIX AQR MS Fusion Fund Class I	0.41%	0.46%

Frequently Asked Questions

Can I hold both QCFIX and QMFIX in my portfolio?

QCFIX and QMFIX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.