QCFNX vs. QCFIX

Last updated Jun 23, 2026

QCFNX (AQR CVX Fusion Fund Class N) and QCFIX (AQR CVX Fusion Fund Class I) are both Systematic Trend funds from AQR. Both are actively managed. With a 1.00 correlation, they move nearly in lockstep. QCFNX charges 2.42%/yr vs 2.17%/yr for QCFIX.

Performance

QCFNX vs. QCFIX - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with QCFNX having a 14.88% return and QCFIX slightly higher at 15.05%.

QCFNX

• 1D: 0.63%
• 1M: -0.86%
• YTD: 14.88%
• 6M: 14.47%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QCFIX

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

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

QCFNX vs. QCFIX - Yearly Performance Comparison

	2026 (YTD)	2025
QCFNX AQR CVX Fusion Fund Class N	14.88%	1.98%
QCFIX AQR CVX Fusion Fund Class I	15.05%	2.00%

Correlation

The correlation between QCFNX and QCFIX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 6, 2025	1.00

Return for Risk

QCFNX vs. QCFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR CVX Fusion Fund Class N (QCFNX) and AQR CVX Fusion Fund Class I (QCFIX). 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.

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

Drawdowns

QCFNX vs. QCFIX - Drawdown Comparison

The maximum QCFNX drawdown since its inception was -8.02%, roughly equal to the maximum QCFIX drawdown of -7.93%. Use the drawdown chart below to compare losses from any high point for QCFNX and QCFIX.

Drawdown Indicators

	QCFNX	QCFIX	Difference
Max Drawdown Largest peak-to-trough decline	-8.02%	-7.93%	-0.09%
Current Drawdown Current decline from peak	-3.04%	-3.04%	0.00%
Average Drawdown Average peak-to-trough decline	-1.70%	-1.69%	-0.01%

Volatility

Volatility by Period

	QCFNX	QCFIX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	15.13%	15.13%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.13%	15.13%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.13%	15.13%	0.00%

QCFNX vs. QCFIX - Expense Ratio Comparison

QCFNX has a 2.42% expense ratio, which is higher than QCFIX's 2.17% expense ratio.

Dividends

QCFNX vs. QCFIX - Dividend Comparison

QCFNX's dividend yield for the trailing twelve months is around 6.72%, less than QCFIX's 6.80% yield.

Position	TTM	2025
QCFIX AQR CVX Fusion Fund Class I	6.80%	7.82%
QCFNX AQR CVX Fusion Fund Class N	6.72%	7.72%

Frequently Asked Questions

Can I hold both QCFNX and QCFIX in my portfolio?

With a correlation of 1.00, QCFNX and QCFIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.