QHFNX vs. QHFRX

Last updated Apr 2, 2026

Compare and contrast key facts about AQR MS Fusion HV Fund Fund Class N (QHFNX) and AQR MS Fusion HV Fund Class R6 (QHFRX).

QHFNX is an actively managed fund by AQR. It was launched on Jun 25, 2025. QHFRX is an actively managed fund by AQR. It was launched on Jun 25, 2025.

Performance

QHFNX vs. QHFRX - 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 Class R6 (QHFRX). The values are adjusted to include any dividend payments, if applicable.

QHFNX vs. QHFRX - Yearly Performance Comparison

	2026 (YTD)	2025
QHFNX AQR MS Fusion HV Fund Fund Class N	-10.58%	4.97%
QHFRX AQR MS Fusion HV Fund Class R6	-10.56%	5.06%

Returns By Period

The year-to-date returns for both investments are quite close, with QHFNX having a -10.58% return and QHFRX slightly higher at -10.56%.

QHFNX

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

QHFRX

• 1D: 1.73%
• 1M: -7.11%
• YTD: -10.56%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QHFNX vs. QHFRX - Expense Ratio Comparison

QHFNX has a 6.94% expense ratio, which is higher than QHFRX's 6.59% expense ratio.

QHFNX

AQR MS Fusion HV Fund Fund Class N

QHFRX

AQR MS Fusion HV Fund Class R6

Return for Risk

QHFNX vs. QHFRX - 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 Class R6 (QHFRX). 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	QHFRX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.92	-0.90	-0.02

Correlation

The correlation between QHFNX and QHFRX is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

QHFNX vs. QHFRX - Dividend Comparison

Neither QHFNX nor QHFRX has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

QHFNX vs. QHFRX - Drawdown Comparison

The maximum QHFNX drawdown since its inception was -13.87%, roughly equal to the maximum QHFRX drawdown of -13.76%. Use the drawdown chart below to compare losses from any high point for QHFNX and QHFRX.

Drawdown Indicators

	QHFNX	QHFRX	Difference
Max Drawdown Largest peak-to-trough decline	-13.87%	-13.76%	-0.11%
Current Drawdown Current decline from peak	-12.21%	-12.19%	-0.02%
Average Drawdown Average peak-to-trough decline	-4.36%	-4.32%	-0.04%

Volatility

Volatility by Period

	QHFNX	QHFRX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.36%	16.47%	-0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.36%	16.47%	-0.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.36%	16.47%	-0.11%