QCFIX vs. QRPRX

Last updated Jun 23, 2026

QCFIX (AQR CVX Fusion Fund Class I) and QRPRX (AQR Alternative Risk Premia R6) are both mutual funds - QCFIX is a Systematic Trend fund actively managed by AQR, while QRPRX is a Multistrategy fund actively managed by AQR. Both are actively managed. At a 0.45 correlation, their price movements are largely independent. QCFIX charges 2.17%/yr vs 4.94%/yr for QRPRX.

Performance

QCFIX vs. QRPRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR CVX Fusion Fund Class I (QCFIX) and AQR Alternative Risk Premia R6 (QRPRX). 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 lower than QRPRX's 17.17% return.

QCFIX

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

QRPRX

• 1D: -0.19%
• 1M: 0.56%
• YTD: 17.17%
• 6M: 18.03%
• 1Y: 31.88%
• 3Y*: 21.97%
• 5Y*: 19.93%
• 10Y*: —

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

QCFIX vs. QRPRX - Yearly Performance Comparison

	2026 (YTD)	2025
QCFIX AQR CVX Fusion Fund Class I	15.05%	2.00%
QRPRX AQR Alternative Risk Premia R6	17.17%	0.74%

Correlation

The correlation between QCFIX and QRPRX is 0.45, 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 6, 2025	0.45

Return for Risk

QCFIX vs. QRPRX — Risk / Return Rank

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

QCFIX

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

QRPRX

QRPRX Risk / Return Rank: 95
QRPRX Sharpe Ratio Rank: 97
QRPRX Sortino Ratio Rank: 96
QRPRX Omega Ratio Rank: 89
QRPRX Calmar Ratio Rank: 98
QRPRX Martin Ratio Rank: 97

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.

QCFIX vs. QRPRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR CVX Fusion Fund Class I (QCFIX) and AQR Alternative Risk Premia R6 (QRPRX). 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.

	QCFIX	QRPRX	Difference
Sharpe ratio: Return per unit of total volatility	—	3.33	—
Sortino ratio: Return per unit of downside risk	—	4.86	—
Omega ratio: Gain probability vs. loss probability	—	1.59	—
Calmar ratio: Return relative to maximum drawdown	—	9.06	—
Martin ratio: Return relative to average drawdown	—	25.35	—

Drawdowns

QCFIX vs. QRPRX - Drawdown Comparison

The maximum QCFIX drawdown since its inception was -7.93%, smaller than the maximum QRPRX drawdown of -28.21%. Use the drawdown chart below to compare losses from any high point for QCFIX and QRPRX.

Drawdown Indicators

	QCFIX	QRPRX	Difference
Max Drawdown Largest peak-to-trough decline	-7.93%	-28.21%	+20.28%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.46%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.24%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-11.24%	—
Current Drawdown Current decline from peak	-3.04%	-2.18%	-0.86%
Average Drawdown Average peak-to-trough decline	-1.69%	-7.49%	+5.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.24%	—

Volatility

Volatility by Period

	QCFIX	QRPRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.29%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.71%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.13%	9.42%	+5.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.13%	11.83%	+3.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.13%	10.37%	+4.76%

QCFIX vs. QRPRX - Expense Ratio Comparison

QCFIX has a 2.17% expense ratio, which is lower than QRPRX's 4.94% expense ratio.

Dividends

QCFIX vs. QRPRX - Dividend Comparison

QCFIX's dividend yield for the trailing twelve months is around 6.80%, more than QRPRX's 1.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
QCFIX AQR CVX Fusion Fund Class I	6.80%	7.82%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QRPRX AQR Alternative Risk Premia R6	1.29%	1.51%	2.33%	4.60%	0.00%	4.16%	1.97%	1.00%	0.09%

Frequently Asked Questions

Can I hold both QCFIX and QRPRX in my portfolio?

QCFIX and QRPRX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.