QHFNX vs. QLFRX

Last updated Jun 5, 2026

QHFNX (AQR MS Fusion HV Fund Fund Class N) and QLFRX (AQR LSE Fusion Fund Class R6) are both mutual funds - QHFNX is a Multistrategy fund actively managed by AQR, while QLFRX is a Long-Short fund actively managed by AQR. Both are actively managed. Their correlation of 0.89 suggests significant overlap in exposure. QHFNX charges 6.94%/yr vs 6.20%/yr for QLFRX.

Performance

QHFNX vs. QLFRX - 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 R6 (QLFRX). 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 higher than QLFRX's 0.25% return.

QHFNX

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

QLFRX

• 1D: -0.33%
• 1M: 5.51%
• YTD: 0.25%
• 6M: 3.40%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QHFNX vs. QLFRX - Yearly Performance Comparison

	2026 (YTD)	2025
QHFNX AQR MS Fusion HV Fund Fund Class N	3.38%	4.97%
QLFRX AQR LSE Fusion Fund Class R6	0.25%	6.80%

Correlation

The correlation between QHFNX and QLFRX is 0.89, 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 7, 2025	0.89

Return for Risk

QHFNX vs. QLFRX - 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 R6 (QLFRX). 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	QLFRX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	0.85	+0.11

Drawdowns

QHFNX vs. QLFRX - Drawdown Comparison

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

Drawdown Indicators

	QHFNX	QLFRX	Difference
Max Drawdown Largest peak-to-trough decline	-13.87%	-14.53%	+0.66%
Current Drawdown Current decline from peak	-0.41%	-0.99%	+0.58%
Average Drawdown Average peak-to-trough decline	-5.01%	-5.64%	+0.63%

Volatility

Volatility by Period

	QHFNX	QLFRX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.24%	15.84%	+0.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.24%	15.84%	+0.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.24%	15.84%	+0.40%

QHFNX vs. QLFRX - Expense Ratio Comparison

QHFNX has a 6.94% expense ratio, which is higher than QLFRX's 6.20% expense ratio.

Dividends

QHFNX vs. QLFRX - Dividend Comparison

QHFNX has not paid dividends to shareholders, while QLFRX'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%
QLFRX AQR LSE Fusion Fund Class R6	0.22%	0.22%

Frequently Asked Questions

Can I hold both QHFNX and QLFRX in my portfolio?

QHFNX and QLFRX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.