QCFNX vs. VOO

Last updated Jun 3, 2026

QCFNX (AQR CVX Fusion Fund Class N) and VOO (Vanguard S&P 500 ETF) are both funds - QCFNX is a Systematic Trend fund actively managed by AQR, while VOO is a S&P 500 fund tracking the S&P 500 Index. QCFNX is actively managed, while VOO is passively managed. Their correlation of 0.86 suggests significant overlap in exposure. QCFNX charges 2.42%/yr vs 0.03%/yr for VOO.

Performance

QCFNX vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR CVX Fusion Fund Class N (QCFNX) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QCFNX achieves a 17.67% return, which is significantly higher than VOO's 11.69% return.

QCFNX

• 1D: 1.01%
• 1M: 5.16%
• YTD: 17.67%
• 6M: 18.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VOO

• 1D: 0.14%
• 1M: 5.39%
• YTD: 11.69%
• 6M: 12.11%
• 1Y: 29.68%
• 3Y*: 22.73%
• 5Y*: 14.26%
• 10Y*: 15.65%

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

QCFNX vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025
QCFNX AQR CVX Fusion Fund Class N	17.67%	1.98%
VOO Vanguard S&P 500 ETF	11.69%	2.06%

Correlation

The correlation between QCFNX and VOO is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 7, 2025	0.86

Return for Risk

QCFNX vs. VOO — Risk / Return Rank

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

VOO

VOO Risk / Return Rank: 75
VOO Sharpe Ratio Rank: 77
VOO Sortino Ratio Rank: 75
VOO Omega Ratio Rank: 76
VOO Calmar Ratio Rank: 68
VOO Martin Ratio Rank: 80

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. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR CVX Fusion Fund Class N (QCFNX) and Vanguard S&P 500 ETF (VOO). 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	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.53	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.85	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.80	0.89	+1.91

Drawdowns

QCFNX vs. VOO - Drawdown Comparison

The maximum QCFNX drawdown since its inception was -8.02%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for QCFNX and VOO.

Drawdown Indicators

	QCFNX	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-8.02%	-33.99%	+25.97%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.90%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.69%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.52%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.61%	-3.69%	+2.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.91%	—

Volatility

Volatility by Period

	QCFNX	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.74%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.88%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.66%	11.78%	+2.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.66%	16.81%	-2.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.66%	18.01%	-3.35%

QCFNX vs. VOO - Expense Ratio Comparison

QCFNX has a 2.42% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

QCFNX vs. VOO - Dividend Comparison

QCFNX's dividend yield for the trailing twelve months is around 6.56%, more than VOO's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QCFNX AQR CVX Fusion Fund Class N	6.56%	7.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.02%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both QCFNX and VOO in my portfolio?

QCFNX and VOO have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.