QHFIX vs. QLFNX

Last updated Jun 24, 2026

QHFIX (AQR MS Fusion HV Fund Fund Class I) and QLFNX (AQR LSE Fusion Fund Class N) are both mutual funds - QHFIX is a Multistrategy fund actively managed by AQR, while QLFNX is a Long-Short fund actively managed by AQR. Both are actively managed. Their correlation of 0.90 suggests significant overlap in exposure. QHFIX charges 6.69%/yr vs 6.55%/yr for QLFNX.

Performance

QHFIX vs. QLFNX - 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 N (QLFNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QHFIX achieves a 1.78% return, which is significantly higher than QLFNX's -1.33% return.

QHFIX

• 1D: 1.01%
• 1M: 2.82%
• YTD: 1.78%
• 6M: 1.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QLFNX

• 1D: 0.59%
• 1M: 1.80%
• YTD: -1.33%
• 6M: -2.55%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QHFIX vs. QLFNX - Yearly Performance Comparison

	2026 (YTD)	2025
QHFIX AQR MS Fusion HV Fund Fund Class I	1.78%	4.97%
QLFNX AQR LSE Fusion Fund Class N	-1.33%	6.71%

Correlation

The correlation between QHFIX and QLFNX is 0.90, 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	0.90

Return for Risk

QHFIX vs. QLFNX - 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 N (QLFNX). 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. QLFNX - Drawdown Comparison

The maximum QHFIX drawdown since its inception was -13.85%, roughly equal to the maximum QLFNX drawdown of -14.54%. Use the drawdown chart below to compare losses from any high point for QHFIX and QLFNX.

Drawdown Indicators

	QHFIX	QLFNX	Difference
Max Drawdown Largest peak-to-trough decline	-13.85%	-14.54%	+0.69%
Current Drawdown Current decline from peak	-2.11%	-2.55%	+0.44%
Average Drawdown Average peak-to-trough decline	-4.86%	-5.49%	+0.63%

Volatility

Volatility by Period

	QHFIX	QLFNX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.99%	16.57%	+0.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.99%	16.57%	+0.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.99%	16.57%	+0.42%

QHFIX vs. QLFNX - Expense Ratio Comparison

QHFIX has a 6.69% expense ratio, which is higher than QLFNX's 6.55% expense ratio.

Dividends

QHFIX vs. QLFNX - Dividend Comparison

QHFIX has not paid dividends to shareholders, while QLFNX's dividend yield for the trailing twelve months is around 0.14%.

Position	TTM	2025
QHFIX AQR MS Fusion HV Fund Fund Class I	0.00%	0.00%
QLFNX AQR LSE Fusion Fund Class N	0.14%	0.14%

Frequently Asked Questions

Can I hold both QHFIX and QLFNX in my portfolio?

With a correlation of 0.90, QHFIX and QLFNX 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.