QCFNX vs. QHFRX

Last updated Apr 2, 2026

Compare and contrast key facts about AQR CVX Fusion Fund Class N (QCFNX) and AQR MS Fusion HV Fund Class R6 (QHFRX).

QCFNX is an actively managed fund by AQR. It was launched on Jun 18, 2025. QHFRX is an actively managed fund by AQR. It was launched on Jun 25, 2025.

Performance

QCFNX vs. QHFRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR CVX Fusion Fund Class N (QCFNX) and AQR MS Fusion HV Fund Class R6 (QHFRX). The values are adjusted to include any dividend payments, if applicable.

QCFNX vs. QHFRX - Yearly Performance Comparison

	2026 (YTD)	2025
QCFNX AQR CVX Fusion Fund Class N	0.90%	1.98%
QHFRX AQR MS Fusion HV Fund Class R6	-10.56%	5.06%

Returns By Period

In the year-to-date period, QCFNX achieves a 0.90% return, which is significantly higher than QHFRX's -10.56% return.

QCFNX

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

QHFRX

• 1D: 1.73%
• 1M: -7.11%
• YTD: -10.56%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QCFNX vs. QHFRX - Expense Ratio Comparison

QCFNX has a 2.42% expense ratio, which is lower than QHFRX's 6.59% expense ratio.

QHFRX

AQR MS Fusion HV Fund Class R6

QCFNX

AQR CVX Fusion Fund Class N

Return for Risk

QCFNX vs. QHFRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR CVX Fusion Fund Class N (QCFNX) and AQR MS Fusion HV Fund Class R6 (QHFRX). 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	QHFRX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	-0.90	+1.40

Correlation

The correlation between QCFNX and QHFRX is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

QCFNX vs. QHFRX - Dividend Comparison

QCFNX's dividend yield for the trailing twelve months is around 7.65%, while QHFRX has not paid dividends to shareholders.

	TTM	2025
QCFNX AQR CVX Fusion Fund Class N	7.65%	7.72%
QHFRX AQR MS Fusion HV Fund Class R6	0.00%	0.00%

Drawdowns

QCFNX vs. QHFRX - Drawdown Comparison

The maximum QCFNX drawdown since its inception was -8.02%, smaller than the maximum QHFRX drawdown of -13.76%. Use the drawdown chart below to compare losses from any high point for QCFNX and QHFRX.

Drawdown Indicators

	QCFNX	QHFRX	Difference
Max Drawdown Largest peak-to-trough decline	-8.02%	-13.76%	+5.74%
Current Drawdown Current decline from peak	-5.57%	-12.19%	+6.62%
Average Drawdown Average peak-to-trough decline	-1.98%	-4.32%	+2.34%

Volatility

Volatility by Period

	QCFNX	QHFRX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.53%	16.47%	+0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.53%	16.47%	+0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.53%	16.47%	+0.06%