QHFRX vs. QDSIX

Last updated Aug 1, 2026

QHFRX (AQR MS Fusion HV Fund Class R6) and QDSIX (AQR Diversifying Strategies Fund - Class I) are both Multistrategy funds from AQR. Their 0.78 correlation means they have sometimes moved together and sometimes differently. QHFRX charges 6.59%/yr vs 1.23%/yr for QDSIX.

Performance

QHFRX vs. QDSIX - 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 Diversifying Strategies Fund - Class I (QDSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QHFRX achieves a -2.28% return, which is significantly lower than QDSIX's 5.50% return.

QHFRX

• 1D: 3.21%
• 1M: 3.40%
• 6M: 0.00%
• YTD: -2.28%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

QDSIX

• 1D: 0.61%
• 1M: 2.21%
• 6M: 3.50%
• YTD: 5.50%
• 1Y: 13.88%
• 3Y*: 12.16%
• 5Y*: 11.24%
• 10Y*: —
• ALL TIME*: 11.62%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QDSIX AQR Diversifying Strategies Fund - Class I	$0.00	$0.00	$0.00
QHFRX AQR MS Fusion HV Fund Class R6	$0.00	$0.00	$0.00

QHFRX vs. QDSIX - Yearly Performance Comparison

	2026 (YTD)	2025
QHFRX AQR MS Fusion HV Fund Class R6	-2.28%	5.06%
QDSIX AQR Diversifying Strategies Fund - Class I	5.50%	1.09%

Correlation

The correlation between QHFRX and QDSIX is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 6, 2025	0.78

Return for Risk

QHFRX vs. QDSIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QHFRX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

QDSIX

QDSIX Risk / Return Rank: 92
QDSIX Sharpe Ratio Rank: 93
QDSIX Sortino Ratio Rank: 92
QDSIX Omega Ratio Rank: 88
QDSIX Calmar Ratio Rank: 95
QDSIX Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QHFRX vs. QDSIX - 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 Diversifying Strategies Fund - Class I (QDSIX). 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.

	QHFRX	QDSIX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.43	—
Sortino ratio: Return per unit of downside risk	—	3.56	—
Omega ratio: Gain probability vs. loss probability	—	1.45	—
Calmar ratio: Return relative to maximum drawdown	—	4.21	—
Martin ratio: Return relative to average drawdown	—	13.94	—

Drawdowns

QHFRX vs. QDSIX - Drawdown Comparison

The maximum QHFRX drawdown since its inception was -13.76%, which is greater than QDSIX's maximum drawdown of -7.06%. Use the drawdown chart below to compare losses from any high point for QHFRX and QDSIX.

Drawdown Indicators

	QHFRX	QDSIX	Difference
Max Drawdown Largest peak-to-trough decline	-13.76%	-7.06%	-6.70%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.08%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-6.90%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-7.06%	—
Current Drawdown Current decline from peak	-6.01%	-0.94%	-5.07%
Average Drawdown Average peak-to-trough decline	-5.07%	-1.44%	-3.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.93%	—

Volatility

Volatility by Period

	QHFRX	QDSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.81%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.89%	5.36%	+12.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.89%	7.63%	+10.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.89%	7.30%	+10.59%

QHFRX vs. QDSIX - Expense Ratio Comparison

QHFRX has a 6.59% expense ratio, which is higher than QDSIX's 1.23% expense ratio.

Dividends

QHFRX vs. QDSIX - Dividend Comparison

QHFRX has not paid dividends to shareholders, while QDSIX's dividend yield for the trailing twelve months is around 2.12%.

Position	TTM	2025	2024	2023	2022	2021	2020
QDSIX AQR Diversifying Strategies Fund - Class I	2.12%	2.23%	0.00%	11.35%	8.22%	6.07%	1.93%
QHFRX AQR MS Fusion HV Fund Class R6	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QHFRX and QDSIX in my portfolio?

QHFRX and QDSIX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.