QCFRX vs. QSPNX

Last updated Jun 23, 2026

QCFRX (AQR CVX Fusion Fund Class R6) and QSPNX (AQR Style Premia Alternative Fund Class N) are both mutual funds - QCFRX is a Systematic Trend fund actively managed by AQR, while QSPNX is a Multistrategy fund actively managed by AQR. Both are actively managed. At a correlation of -0.00, they often move in opposite directions. QCFRX charges 2.07%/yr vs 6.14%/yr for QSPNX.

Performance

QCFRX vs. QSPNX - Performance Comparison

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

Returns By Period

In the year-to-date period, QCFRX achieves a 15.03% return, which is significantly higher than QSPNX's 11.49% return.

QCFRX

• 1D: 0.55%
• 1M: -0.85%
• YTD: 15.03%
• 6M: 14.72%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QSPNX

• 1D: -0.21%
• 1M: 0.96%
• YTD: 11.49%
• 6M: 12.41%
• 1Y: 15.82%
• 3Y*: 18.83%
• 5Y*: 19.34%
• 10Y*: 7.07%

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

QCFRX vs. QSPNX - Yearly Performance Comparison

	2026 (YTD)	2025
QCFRX AQR CVX Fusion Fund Class R6	15.03%	2.02%
QSPNX AQR Style Premia Alternative Fund Class N	11.49%	-1.17%

Correlation

The correlation between QCFRX and QSPNX is -0.00, 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 6, 2025	-0.00

Return for Risk

QCFRX vs. QSPNX — Risk / Return Rank

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

QCFRX

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

QSPNX

QSPNX Risk / Return Rank: 43
QSPNX Sharpe Ratio Rank: 35
QSPNX Sortino Ratio Rank: 38
QSPNX Omega Ratio Rank: 31
QSPNX Calmar Ratio Rank: 69
QSPNX Martin Ratio Rank: 40

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.

QCFRX vs. QSPNX - Risk-Adjusted Trends Comparison

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

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	QCFRX	QSPNX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.59	—
Sortino ratio: Return per unit of downside risk	—	2.39	—
Omega ratio: Gain probability vs. loss probability	—	1.27	—
Calmar ratio: Return relative to maximum drawdown	—	3.06	—
Martin ratio: Return relative to average drawdown	—	8.19	—

Drawdowns

QCFRX vs. QSPNX - Drawdown Comparison

The maximum QCFRX drawdown since its inception was -8.00%, smaller than the maximum QSPNX drawdown of -41.79%. Use the drawdown chart below to compare losses from any high point for QCFRX and QSPNX.

Drawdown Indicators

	QCFRX	QSPNX	Difference
Max Drawdown Largest peak-to-trough decline	-8.00%	-41.79%	+33.79%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.05%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-9.31%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.17%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.79%	—
Current Drawdown Current decline from peak	-3.03%	-2.06%	-0.97%
Average Drawdown Average peak-to-trough decline	-1.68%	-9.57%	+7.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.92%	—

Volatility

Volatility by Period

	QCFRX	QSPNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.47%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.12%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.00%	9.75%	+5.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.00%	15.84%	-0.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.00%	12.83%	+2.17%

QCFRX vs. QSPNX - Expense Ratio Comparison

QCFRX has a 2.07% expense ratio, which is lower than QSPNX's 6.14% expense ratio.

Dividends

QCFRX vs. QSPNX - Dividend Comparison

QCFRX's dividend yield for the trailing twelve months is around 6.82%, more than QSPNX's 2.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QCFRX AQR CVX Fusion Fund Class R6	6.82%	7.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QSPNX AQR Style Premia Alternative Fund Class N	2.14%	2.39%	6.80%	23.73%	22.62%	12.61%	0.00%	1.63%	0.51%	6.81%	1.75%	5.68%

Frequently Asked Questions

Can I hold both QCFRX and QSPNX in my portfolio?

QCFRX and QSPNX have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.