QHFRX vs. QCFIX

Last updated Apr 2, 2026

Compare and contrast key facts about AQR MS Fusion HV Fund Class R6 (QHFRX) and AQR CVX Fusion Fund Class I (QCFIX).

QHFRX is an actively managed fund by AQR. It was launched on Jun 25, 2025. QCFIX is an actively managed fund by AQR. It was launched on Jun 18, 2025.

Performance

QHFRX vs. QCFIX - Performance Comparison

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

QHFRX vs. QCFIX - Yearly Performance Comparison

	2026 (YTD)	2025
QHFRX AQR MS Fusion HV Fund Class R6	-10.56%	5.06%
QCFIX AQR CVX Fusion Fund Class I	0.90%	2.00%

Returns By Period

In the year-to-date period, QHFRX achieves a -10.56% return, which is significantly lower than QCFIX's 0.90% return.

QHFRX

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

QCFIX

• 1D: 2.56%
• 1M: -4.19%
• YTD: 0.90%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QHFRX vs. QCFIX - Expense Ratio Comparison

QHFRX has a 6.59% expense ratio, which is higher than QCFIX's 2.17% expense ratio.

QHFRX

AQR MS Fusion HV Fund Class R6

QCFIX

AQR CVX Fusion Fund Class I

Return for Risk

QHFRX vs. QCFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR MS Fusion HV Fund Class R6 (QHFRX) and AQR CVX Fusion Fund Class I (QCFIX). 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	QCFIX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.90	0.50	-1.40

Correlation

The correlation between QHFRX and QCFIX is 0.77, 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

QHFRX vs. QCFIX - Dividend Comparison

QHFRX has not paid dividends to shareholders, while QCFIX's dividend yield for the trailing twelve months is around 7.75%.

	TTM	2025
QHFRX AQR MS Fusion HV Fund Class R6	0.00%	0.00%
QCFIX AQR CVX Fusion Fund Class I	7.75%	7.82%

Drawdowns

QHFRX vs. QCFIX - Drawdown Comparison

The maximum QHFRX drawdown since its inception was -13.76%, which is greater than QCFIX's maximum drawdown of -7.93%. Use the drawdown chart below to compare losses from any high point for QHFRX and QCFIX.

Drawdown Indicators

	QHFRX	QCFIX	Difference
Max Drawdown Largest peak-to-trough decline	-13.76%	-7.93%	-5.83%
Current Drawdown Current decline from peak	-12.19%	-5.56%	-6.63%
Average Drawdown Average peak-to-trough decline	-4.32%	-1.95%	-2.37%

Volatility

Volatility by Period

	QHFRX	QCFIX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.47%	16.47%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.47%	16.47%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.47%	16.47%	0.00%