QHFNX vs. QHFIX

Last updated Jun 5, 2026

QHFNX (AQR MS Fusion HV Fund Fund Class N) and QHFIX (AQR MS Fusion HV Fund Fund Class I) are both Multistrategy funds from AQR. Both are actively managed. With a 1.00 correlation, they move nearly in lockstep. QHFNX charges 6.94%/yr vs 6.69%/yr for QHFIX.

Performance

QHFNX vs. QHFIX - 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 AQR MS Fusion HV Fund Fund Class I (QHFIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QHFNX achieves a 3.38% return, which is significantly lower than QHFIX's 3.55% return.

QHFNX

• 1D: -0.16%
• 1M: 8.82%
• YTD: 3.38%
• 6M: 6.82%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QHFIX

• 1D: -0.16%
• 1M: 8.79%
• YTD: 3.55%
• 6M: 6.99%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QHFNX vs. QHFIX - Yearly Performance Comparison

	2026 (YTD)	2025
QHFNX AQR MS Fusion HV Fund Fund Class N	3.38%	4.97%
QHFIX AQR MS Fusion HV Fund Fund Class I	3.55%	4.97%

Correlation

The correlation between QHFNX and QHFIX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 7, 2025	1.00

Return for Risk

QHFNX vs. QHFIX - 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 AQR MS Fusion HV Fund Fund Class I (QHFIX). 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	QHFIX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	0.98	-0.01

Drawdowns

QHFNX vs. QHFIX - Drawdown Comparison

The maximum QHFNX drawdown since its inception was -13.87%, roughly equal to the maximum QHFIX drawdown of -13.85%. Use the drawdown chart below to compare losses from any high point for QHFNX and QHFIX.

Drawdown Indicators

	QHFNX	QHFIX	Difference
Max Drawdown Largest peak-to-trough decline	-13.87%	-13.85%	-0.02%
Current Drawdown Current decline from peak	-0.41%	-0.41%	0.00%
Average Drawdown Average peak-to-trough decline	-5.01%	-5.01%	0.00%

Volatility

Volatility by Period

	QHFNX	QHFIX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.24%	16.37%	-0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.24%	16.37%	-0.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.24%	16.37%	-0.13%

QHFNX vs. QHFIX - Expense Ratio Comparison

QHFNX has a 6.94% expense ratio, which is higher than QHFIX's 6.69% expense ratio.

Dividends

QHFNX vs. QHFIX - Dividend Comparison

Neither QHFNX nor QHFIX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both QHFNX and QHFIX in my portfolio?

With a correlation of 1.00, QHFNX and QHFIX 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.