QCFRX vs. QHFRX

Last updated Jun 5, 2026

QCFRX (AQR CVX Fusion Fund Class R6) and QHFRX (AQR MS Fusion HV Fund Class R6) are both mutual funds - QCFRX is a Systematic Trend fund actively managed by AQR, while QHFRX is a Multistrategy fund actively managed by AQR. Both are actively managed. A 0.69 correlation means they provide meaningful diversification when combined. QCFRX charges 2.07%/yr vs 6.59%/yr for QHFRX.

Performance

QCFRX vs. QHFRX - Performance Comparison

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

Returns By Period

In the year-to-date period, QCFRX achieves a 18.45% return, which is significantly higher than QHFRX's 3.55% return.

QCFRX

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

QHFRX

• 1D: -0.16%
• 1M: 8.78%
• YTD: 3.55%
• 6M: 6.98%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QCFRX vs. QHFRX - Yearly Performance Comparison

	2026 (YTD)	2025
QCFRX AQR CVX Fusion Fund Class R6	18.45%	2.02%
QHFRX AQR MS Fusion HV Fund Class R6	3.55%	5.06%

Correlation

The correlation between QCFRX and QHFRX is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 7, 2025	0.69

Return for Risk

QCFRX vs. QHFRX - Risk-Adjusted Trends Comparison

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

	QCFRX	QHFRX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.92	0.99	+1.93

Drawdowns

QCFRX vs. QHFRX - Drawdown Comparison

The maximum QCFRX drawdown since its inception was -8.00%, smaller than the maximum QHFRX drawdown of -13.76%. Use the drawdown chart below to compare losses from any high point for QCFRX and QHFRX.

Drawdown Indicators

	QCFRX	QHFRX	Difference
Max Drawdown Largest peak-to-trough decline	-8.00%	-13.76%	+5.76%
Current Drawdown Current decline from peak	-0.15%	-0.41%	+0.26%
Average Drawdown Average peak-to-trough decline	-1.56%	-4.95%	+3.39%

Volatility

Volatility by Period

	QCFRX	QHFRX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	14.45%	16.35%	-1.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.45%	16.35%	-1.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.45%	16.35%	-1.90%

QCFRX vs. QHFRX - Expense Ratio Comparison

QCFRX has a 2.07% expense ratio, which is lower than QHFRX's 6.59% expense ratio.

Dividends

QCFRX vs. QHFRX - Dividend Comparison

QCFRX's dividend yield for the trailing twelve months is around 6.62%, while QHFRX has not paid dividends to shareholders.

Position	TTM	2025
QCFRX AQR CVX Fusion Fund Class R6	6.62%	7.84%
QHFRX AQR MS Fusion HV Fund Class R6	0.00%	0.00%

Frequently Asked Questions

Can I hold both QCFRX and QHFRX in my portfolio?

QCFRX and QHFRX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.