QCFIX vs. QSPRX

Last updated Jun 23, 2026

QCFIX (AQR CVX Fusion Fund Class I) and QSPRX (AQR Style Premia Alternative R6) are both mutual funds - QCFIX is a Systematic Trend fund actively managed by AQR, while QSPRX is a Multistrategy fund actively managed by AQR. Both are actively managed. At a correlation of -0.03, they often move in opposite directions. QCFIX charges 2.17%/yr vs 5.79%/yr for QSPRX.

Performance

QCFIX vs. QSPRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR CVX Fusion Fund Class I (QCFIX) and AQR Style Premia Alternative R6 (QSPRX). 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 QSPRX's 11.48% return.

QCFIX

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

QSPRX

• 1D: -0.31%
• 1M: 0.83%
• YTD: 11.48%
• 6M: 12.51%
• 1Y: 16.05%
• 3Y*: 19.21%
• 5Y*: 19.71%
• 10Y*: 7.43%

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

QCFIX vs. QSPRX - Yearly Performance Comparison

	2026 (YTD)	2025
QCFIX AQR CVX Fusion Fund Class I	15.05%	2.00%
QSPRX AQR Style Premia Alternative R6	11.48%	-0.97%

Correlation

The correlation between QCFIX and QSPRX is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 6, 2025	-0.03

Return for Risk

QCFIX vs. QSPRX — 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.

QSPRX

QSPRX Risk / Return Rank: 44
QSPRX Sharpe Ratio Rank: 36
QSPRX Sortino Ratio Rank: 39
QSPRX Omega Ratio Rank: 32
QSPRX Calmar Ratio Rank: 71
QSPRX Martin Ratio Rank: 41

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. QSPRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR CVX Fusion Fund Class I (QCFIX) and AQR Style Premia Alternative R6 (QSPRX). 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	QSPRX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.62	—
Sortino ratio: Return per unit of downside risk	—	2.43	—
Omega ratio: Gain probability vs. loss probability	—	1.28	—
Calmar ratio: Return relative to maximum drawdown	—	3.11	—
Martin ratio: Return relative to average drawdown	—	8.33	—

Drawdowns

QCFIX vs. QSPRX - Drawdown Comparison

The maximum QCFIX drawdown since its inception was -7.93%, smaller than the maximum QSPRX drawdown of -41.22%. Use the drawdown chart below to compare losses from any high point for QCFIX and QSPRX.

Drawdown Indicators

	QCFIX	QSPRX	Difference
Max Drawdown Largest peak-to-trough decline	-7.93%	-41.22%	+33.29%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.06%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-9.25%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.17%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.22%	—
Current Drawdown Current decline from peak	-3.04%	-2.12%	-0.92%
Average Drawdown Average peak-to-trough decline	-1.69%	-10.04%	+8.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.92%	—

Volatility

Volatility by Period

	QCFIX	QSPRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.56%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.12%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.13%	9.69%	+5.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.13%	15.91%	-0.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.13%	12.87%	+2.26%

QCFIX vs. QSPRX - Expense Ratio Comparison

QCFIX has a 2.17% expense ratio, which is lower than QSPRX's 5.79% expense ratio.

Dividends

QCFIX vs. QSPRX - Dividend Comparison

QCFIX's dividend yield for the trailing twelve months is around 6.80%, more than QSPRX's 2.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%
QSPRX AQR Style Premia Alternative R6	2.36%	2.63%	6.99%	23.75%	22.67%	12.85%	0.00%	1.62%	1.09%	7.15%	1.74%	5.87%

Frequently Asked Questions

Can I hold both QCFIX and QSPRX in my portfolio?

QCFIX and QSPRX have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.