QHFNX vs. QLFIX

Last updated Jun 25, 2026

QHFNX (AQR MS Fusion HV Fund Fund Class N) and QLFIX (AQR LSE Fusion Fund Class I) are both mutual funds - QHFNX 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 0.90 suggests significant overlap in exposure. QHFNX charges 6.94%/yr vs 6.30%/yr for QLFIX.

Performance

QHFNX vs. QLFIX - 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 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, QHFNX achieves a -1.02% return, which is significantly higher than QLFIX's -3.99% return.

QHFNX

• 1D: -2.66%
• 1M: 0.09%
• YTD: -1.02%
• 6M: -1.76%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QLFIX

• 1D: -2.70%
• 1M: -0.94%
• YTD: -3.99%
• 6M: -5.17%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QHFNX vs. QLFIX - Yearly Performance Comparison

	2026 (YTD)	2025
QHFNX AQR MS Fusion HV Fund Fund Class N	-1.02%	4.97%
QLFIX AQR LSE Fusion Fund Class I	-3.99%	6.78%

Correlation

The correlation between QHFNX and QLFIX 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

QHFNX vs. QLFIX - 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 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

QHFNX vs. QLFIX - Drawdown Comparison

The maximum QHFNX drawdown since its inception was -13.87%, roughly equal to the maximum QLFIX drawdown of -14.53%. Use the drawdown chart below to compare losses from any high point for QHFNX and QLFIX.

Drawdown Indicators

	QHFNX	QLFIX	Difference
Max Drawdown Largest peak-to-trough decline	-13.87%	-14.53%	+0.66%
Current Drawdown Current decline from peak	-4.65%	-5.17%	+0.52%
Average Drawdown Average peak-to-trough decline	-4.86%	-5.47%	+0.61%

Volatility

Volatility by Period

	QHFNX	QLFIX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	17.18%	16.88%	+0.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.18%	16.88%	+0.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.18%	16.88%	+0.30%

QHFNX vs. QLFIX - Expense Ratio Comparison

QHFNX has a 6.94% expense ratio, which is higher than QLFIX's 6.30% expense ratio.

Dividends

QHFNX vs. QLFIX - Dividend Comparison

QHFNX has not paid dividends to shareholders, while QLFIX's dividend yield for the trailing twelve months is around 0.22%.

Position	TTM	2025
QHFNX AQR MS Fusion HV Fund Fund Class N	0.00%	0.00%
QLFIX AQR LSE Fusion Fund Class I	0.22%	0.21%

Frequently Asked Questions

Can I hold both QHFNX and QLFIX in my portfolio?

With a correlation of 0.90, QHFNX 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.