QCFNX vs. QSPRX

Last updated Jun 4, 2026

QCFNX (AQR CVX Fusion Fund Class N) and QSPRX (AQR Style Premia Alternative R6) are both mutual funds - QCFNX 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 -0.05, they often move in opposite directions. QCFNX charges 2.42%/yr vs 5.79%/yr for QSPRX.

Performance

QCFNX vs. QSPRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR CVX Fusion Fund Class N (QCFNX) 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, QCFNX achieves a 18.49% return, which is significantly higher than QSPRX's 12.86% return.

QCFNX

• 1D: 0.69%
• 1M: 6.14%
• YTD: 18.49%
• 6M: 19.11%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QSPRX

• 1D: 1.65%
• 1M: 2.40%
• YTD: 12.86%
• 6M: 13.52%
• 1Y: 18.31%
• 3Y*: 21.50%
• 5Y*: 19.34%
• 10Y*: 7.51%

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

QCFNX vs. QSPRX - Yearly Performance Comparison

	2026 (YTD)	2025
QCFNX AQR CVX Fusion Fund Class N	18.49%	1.98%
QSPRX AQR Style Premia Alternative R6	12.86%	-1.19%

Correlation

The correlation between QCFNX and QSPRX is -0.05, 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 7, 2025	-0.05

Return for Risk

QCFNX vs. QSPRX — Risk / Return Rank

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

QSPRX

QSPRX Risk / Return Rank: 53
QSPRX Sharpe Ratio Rank: 47
QSPRX Sortino Ratio Rank: 50
QSPRX Omega Ratio Rank: 41
QSPRX Calmar Ratio Rank: 82
QSPRX Martin Ratio Rank: 48

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. QSPRX - Risk-Adjusted Trends Comparison

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

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

Sharpe Ratios by Period

	QCFNX	QSPRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.01	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.22	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.91	0.58	+2.33

Drawdowns

QCFNX vs. QSPRX - Drawdown Comparison

The maximum QCFNX drawdown since its inception was -8.02%, smaller than the maximum QSPRX drawdown of -41.22%. Use the drawdown chart below to compare losses from any high point for QCFNX and QSPRX.

Drawdown Indicators

	QCFNX	QSPRX	Difference
Max Drawdown Largest peak-to-trough decline	-8.02%	-41.22%	+33.20%
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	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.60%	-10.08%	+8.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.91%	—

Volatility

Volatility by Period

	QCFNX	QSPRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.22%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.62%	9.59%	+5.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.62%	15.93%	-1.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.62%	12.86%	+1.76%

QCFNX vs. QSPRX - Expense Ratio Comparison

QCFNX has a 2.42% expense ratio, which is lower than QSPRX's 5.79% expense ratio.

Dividends

QCFNX vs. QSPRX - Dividend Comparison

QCFNX's dividend yield for the trailing twelve months is around 6.52%, more than QSPRX's 2.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QCFNX AQR CVX Fusion Fund Class N	6.52%	7.72%	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	2.33%	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 QCFNX and QSPRX in my portfolio?

QCFNX and QSPRX have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.