QHFIX vs. QLFIX

Last updated Jul 18, 2026

QHFIX (AQR MS Fusion HV Fund Fund Class I) and QLFIX (AQR LSE Fusion Fund Class I) are both mutual funds - QHFIX is a Multistrategy fund actively managed by AQR, while QLFIX is a Long-Short fund actively managed by AQR. Both are actively managed. Their correlation of 0.91 suggests significant overlap in exposure. QHFIX charges 6.69%/yr vs 6.30%/yr for QLFIX.

Performance

QHFIX vs. QLFIX - Performance Comparison

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

Returns By Period

In the year-to-date period, QHFIX achieves a -3.63% return, which is significantly higher than QLFIX's -5.07% return.

QHFIX

• 1D: -1.55%
• 1M: -3.88%
• 6M: -0.09%
• YTD: -3.63%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QLFIX

• 1D: -1.64%
• 1M: -2.73%
• 6M: -0.17%
• YTD: -5.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QHFIX vs. QLFIX - Yearly Performance Comparison

	2026 (YTD)	2025
QHFIX AQR MS Fusion HV Fund Fund Class I	-3.63%	4.97%
QLFIX AQR LSE Fusion Fund Class I	-5.07%	6.78%

Correlation

The correlation between QHFIX and QLFIX is 0.91, 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 6, 2025	0.91

Return for Risk

QHFIX vs. QLFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR MS Fusion HV Fund Fund Class I (QHFIX) and AQR LSE Fusion Fund Class I (QLFIX). 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.

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

Drawdowns

QHFIX vs. QLFIX - Drawdown Comparison

The maximum QHFIX drawdown since its inception was -13.85%, roughly equal to the maximum QLFIX drawdown of -14.53%. Use the drawdown chart below to compare losses from any high point for QHFIX and QLFIX.

Drawdown Indicators

	QHFIX	QLFIX	Difference
Max Drawdown Largest peak-to-trough decline	-13.85%	-14.53%	+0.68%
Current Drawdown Current decline from peak	-7.32%	-6.24%	-1.08%
Average Drawdown Average peak-to-trough decline	-5.06%	-5.51%	+0.45%

Volatility

Volatility by Period

	QHFIX	QLFIX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	17.36%	16.91%	+0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.36%	16.91%	+0.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.36%	16.91%	+0.45%

QHFIX vs. QLFIX - Expense Ratio Comparison

QHFIX has a 6.69% expense ratio, which is higher than QLFIX's 6.30% expense ratio.

Dividends

QHFIX vs. QLFIX - Dividend Comparison

QHFIX has not paid dividends to shareholders, while QLFIX's dividend yield for the trailing twelve months is around 0.23%.

Position	TTM	2025
QHFIX AQR MS Fusion HV Fund Fund Class I	0.00%	0.00%
QLFIX AQR LSE Fusion Fund Class I	0.23%	0.21%

Frequently Asked Questions

Can I hold both QHFIX and QLFIX in my portfolio?

With a correlation of 0.91, QHFIX and QLFIX 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.