QCFRX vs. QCFNX

Last updated Jun 5, 2026

QCFRX (AQR CVX Fusion Fund Class R6) and QCFNX (AQR CVX Fusion Fund Class N) are both Systematic Trend funds from AQR. Both are actively managed. With a 1.00 correlation, they move nearly in lockstep. QCFRX charges 2.07%/yr vs 2.42%/yr for QCFNX.

Performance

QCFRX vs. QCFNX - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with QCFRX having a 18.45% return and QCFNX slightly lower at 18.21%.

QCFRX

• 1D: -0.15%
• 1M: 5.11%
• YTD: 18.45%
• 6M: 18.82%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QCFNX

• 1D: -0.23%
• 1M: 5.05%
• YTD: 18.21%
• 6M: 18.54%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QCFRX vs. QCFNX - Yearly Performance Comparison

	2026 (YTD)	2025
QCFRX AQR CVX Fusion Fund Class R6	18.45%	2.02%
QCFNX AQR CVX Fusion Fund Class N	18.21%	1.98%

Correlation

The correlation between QCFRX and QCFNX 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 7, 2025	1.00

Return for Risk

QCFRX vs. QCFNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR CVX Fusion Fund Class R6 (QCFRX) and AQR CVX Fusion Fund Class N (QCFNX). 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

	QCFRX	QCFNX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.92	2.85	+0.07

Drawdowns

QCFRX vs. QCFNX - Drawdown Comparison

The maximum QCFRX drawdown since its inception was -8.00%, roughly equal to the maximum QCFNX drawdown of -8.02%. Use the drawdown chart below to compare losses from any high point for QCFRX and QCFNX.

Drawdown Indicators

	QCFRX	QCFNX	Difference
Max Drawdown Largest peak-to-trough decline	-8.00%	-8.02%	+0.02%
Current Drawdown Current decline from peak	-0.15%	-0.23%	+0.08%
Average Drawdown Average peak-to-trough decline	-1.56%	-1.59%	+0.03%

Volatility

Volatility by Period

	QCFRX	QCFNX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	14.45%	14.58%	-0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.45%	14.58%	-0.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.45%	14.58%	-0.13%

QCFRX vs. QCFNX - Expense Ratio Comparison

QCFRX has a 2.07% expense ratio, which is lower than QCFNX's 2.42% expense ratio.

Dividends

QCFRX vs. QCFNX - Dividend Comparison

QCFRX's dividend yield for the trailing twelve months is around 6.62%, more than QCFNX's 6.53% yield.

Position	TTM	2025
QCFNX AQR CVX Fusion Fund Class N	6.53%	7.72%
QCFRX AQR CVX Fusion Fund Class R6	6.62%	7.84%

Frequently Asked Questions

Can I hold both QCFRX and QCFNX in my portfolio?

With a correlation of 1.00, QCFRX and QCFNX 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.