QHFRX vs. FCRIX

Last updated Apr 2, 2026

Compare and contrast key facts about AQR MS Fusion HV Fund Class R6 (QHFRX) and FS Credit Income Fund Class I (FCRIX).

QHFRX 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

QHFRX vs. FCRIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR MS Fusion HV Fund Class R6 (QHFRX) and FS Credit Income Fund Class I (FCRIX). The values are adjusted to include any dividend payments, if applicable.

QHFRX vs. FCRIX - Yearly Performance Comparison

	2026 (YTD)	2025
QHFRX AQR MS Fusion HV Fund Class R6	-10.56%	5.06%
FCRIX FS Credit Income Fund Class I	0.85%	1.44%

Returns By Period

In the year-to-date period, QHFRX achieves a -10.56% return, which is significantly lower than FCRIX's 0.85% return.

QHFRX

• 1D: 1.73%
• 1M: -7.11%
• YTD: -10.56%
• 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)

QHFRX vs. FCRIX - Expense Ratio Comparison

QHFRX has a 6.59% expense ratio, which is higher than FCRIX's 2.37% expense ratio.

QHFRX

AQR MS Fusion HV Fund Class R6

FCRIX

FS Credit Income Fund Class I

Return for Risk

QHFRX 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.

QHFRX vs. FCRIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR MS Fusion HV Fund Class R6 (QHFRX) 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

	QHFRX	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	-0.90	0.83	-1.74

Correlation

The correlation between QHFRX 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

QHFRX vs. FCRIX - Dividend Comparison

QHFRX 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
QHFRX AQR MS Fusion HV Fund Class R6	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

QHFRX vs. FCRIX - Drawdown Comparison

The maximum QHFRX drawdown since its inception was -13.76%, smaller than the maximum FCRIX drawdown of -26.74%. Use the drawdown chart below to compare losses from any high point for QHFRX and FCRIX.

Drawdown Indicators

	QHFRX	FCRIX	Difference
Max Drawdown Largest peak-to-trough decline	-13.76%	-26.74%	+12.98%
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	-12.19%	-0.25%	-11.94%
Average Drawdown Average peak-to-trough decline	-4.32%	-3.28%	-1.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.34%	—

Volatility

Volatility by Period

	QHFRX	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	16.47%	3.32%	+13.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.47%	4.20%	+12.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.47%	6.47%	+10.00%