QCFNX vs. ARCNX

Last updated Apr 2, 2026

Compare and contrast key facts about AQR CVX Fusion Fund Class N (QCFNX) and AQR Risk-Balanced Commodities Strategy Fund Class N (ARCNX).

QCFNX is an actively managed fund by AQR. It was launched on Jun 18, 2025. ARCNX is managed by AQR.

Performance

QCFNX vs. ARCNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR CVX Fusion Fund Class N (QCFNX) and AQR Risk-Balanced Commodities Strategy Fund Class N (ARCNX). The values are adjusted to include any dividend payments, if applicable.

QCFNX vs. ARCNX - Yearly Performance Comparison

	2026 (YTD)	2025
QCFNX AQR CVX Fusion Fund Class N	0.90%	1.98%
ARCNX AQR Risk-Balanced Commodities Strategy Fund Class N	17.59%	5.43%

Returns By Period

In the year-to-date period, QCFNX achieves a 0.90% return, which is significantly lower than ARCNX's 17.59% return.

QCFNX

• 1D: 2.66%
• 1M: -4.11%
• YTD: 0.90%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARCNX

• 1D: 0.47%
• 1M: 5.67%
• YTD: 17.59%
• 6M: 26.30%
• 1Y: 30.38%
• 3Y*: 14.32%
• 5Y*: 18.41%
• 10Y*: 12.76%

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

QCFNX vs. ARCNX - Expense Ratio Comparison

QCFNX has a 2.42% expense ratio, which is higher than ARCNX's 1.28% expense ratio.

QCFNX

AQR CVX Fusion Fund Class N

ARCNX

AQR Risk-Balanced Commodities Strategy Fund Class N

Return for Risk

QCFNX vs. ARCNX — Risk / Return Rank

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

ARCNX

ARCNX Risk / Return Rank: 88
ARCNX Sharpe Ratio Rank: 90
ARCNX Sortino Ratio Rank: 86
ARCNX Omega Ratio Rank: 84
ARCNX Calmar Ratio Rank: 93
ARCNX Martin Ratio Rank: 86

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.

QCFNX vs. ARCNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR CVX Fusion Fund Class N (QCFNX) and AQR Risk-Balanced Commodities Strategy Fund Class N (ARCNX). 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

	QCFNX	ARCNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.96	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.97	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.73	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.29	+0.20

Correlation

The correlation between QCFNX and ARCNX is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

QCFNX vs. ARCNX - Dividend Comparison

QCFNX's dividend yield for the trailing twelve months is around 7.65%, less than ARCNX's 11.54% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
QCFNX AQR CVX Fusion Fund Class N	7.65%	7.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ARCNX AQR Risk-Balanced Commodities Strategy Fund Class N	11.54%	13.57%	1.89%	7.45%	9.45%	18.31%	0.09%	4.98%	0.29%	0.01%	4.69%

Drawdowns

QCFNX vs. ARCNX - Drawdown Comparison

The maximum QCFNX drawdown since its inception was -8.02%, smaller than the maximum ARCNX drawdown of -55.17%. Use the drawdown chart below to compare losses from any high point for QCFNX and ARCNX.

Drawdown Indicators

	QCFNX	ARCNX	Difference
Max Drawdown Largest peak-to-trough decline	-8.02%	-55.17%	+47.15%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.10%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.30%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.80%	—
Current Drawdown Current decline from peak	-5.57%	-0.56%	-5.01%
Average Drawdown Average peak-to-trough decline	-1.98%	-26.26%	+24.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.21%	—

Volatility

Volatility by Period

	QCFNX	ARCNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.33%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.61%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.53%	15.93%	+0.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.53%	19.16%	-2.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.53%	17.46%	-0.93%