QHFNX vs. FCRIX

Last updated Apr 2, 2026

Compare and contrast key facts about AQR MS Fusion HV Fund Fund Class N (QHFNX) and FS Credit Income Fund Class I (FCRIX).

QHFNX is an actively managed fund by AQR. It was launched on Jun 25, 2025. FCRIX is an actively managed fund by FS Investments. It was launched on Nov 1, 2017.

Performance

QHFNX vs. FCRIX - Performance Comparison

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

QHFNX vs. FCRIX - Yearly Performance Comparison

	2026 (YTD)	2025
QHFNX AQR MS Fusion HV Fund Fund Class N	-10.58%	4.97%
FCRIX FS Credit Income Fund Class I	0.85%	1.44%

Returns By Period

In the year-to-date period, QHFNX achieves a -10.58% return, which is significantly lower than FCRIX's 0.85% return.

QHFNX

• 1D: 1.73%
• 1M: -7.04%
• YTD: -10.58%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FCRIX

• 1D: 0.00%
• 1M: -0.25%
• YTD: 0.85%
• 6M: 2.90%
• 1Y: 7.47%
• 3Y*: 9.04%
• 5Y*: 4.47%
• 10Y*: —

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

QHFNX vs. FCRIX - Expense Ratio Comparison

QHFNX has a 6.94% expense ratio, which is higher than FCRIX's 2.37% expense ratio.

QHFNX

AQR MS Fusion HV Fund Fund Class N

FCRIX

FS Credit Income Fund Class I

Return for Risk

QHFNX vs. FCRIX — Risk / Return Rank

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

FCRIX

FCRIX Risk / Return Rank: 98
FCRIX Sharpe Ratio Rank: 95
FCRIX Sortino Ratio Rank: 99
FCRIX Omega Ratio Rank: 99
FCRIX Calmar Ratio Rank: 98
FCRIX Martin Ratio Rank: 98

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.

QHFNX vs. FCRIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR MS Fusion HV Fund Fund Class N (QHFNX) and FS Credit Income Fund Class I (FCRIX). 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

	QHFNX	FCRIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.30	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.07	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.92	0.83	-1.75

Correlation

The correlation between QHFNX and FCRIX is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

QHFNX vs. FCRIX - Dividend Comparison

QHFNX has not paid dividends to shareholders, while FCRIX's dividend yield for the trailing twelve months is around 9.52%.

	TTM	2025	2024	2023	2022	2021	2020	2019
QHFNX AQR MS Fusion HV Fund Fund Class N	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FCRIX FS Credit Income Fund Class I	9.52%	10.54%	8.27%	5.56%	3.25%	5.62%	5.72%	2.91%

Drawdowns

QHFNX vs. FCRIX - Drawdown Comparison

The maximum QHFNX drawdown since its inception was -13.87%, smaller than the maximum FCRIX drawdown of -26.74%. Use the drawdown chart below to compare losses from any high point for QHFNX and FCRIX.

Drawdown Indicators

	QHFNX	FCRIX	Difference
Max Drawdown Largest peak-to-trough decline	-13.87%	-26.74%	+12.87%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.31%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.33%	—
Current Drawdown Current decline from peak	-12.21%	-0.25%	-11.96%
Average Drawdown Average peak-to-trough decline	-4.36%	-3.28%	-1.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.34%	—

Volatility

Volatility by Period

	QHFNX	FCRIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.22%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.06%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.36%	3.32%	+13.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.36%	4.20%	+12.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.36%	6.47%	+9.89%