QHFRX vs. QHFNX

Last updated Jun 5, 2026

QHFRX (AQR MS Fusion HV Fund Class R6) and QHFNX (AQR MS Fusion HV Fund Fund Class N) are both Multistrategy funds from AQR. Both are actively managed. With a 1.00 correlation, they move nearly in lockstep. QHFRX charges 6.59%/yr vs 6.94%/yr for QHFNX.

Performance

QHFRX vs. QHFNX - 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 MS Fusion HV Fund Fund Class N (QHFNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with QHFRX having a 3.55% return and QHFNX slightly lower at 3.38%.

QHFRX

• 1D: -0.16%
• 1M: 8.78%
• YTD: 3.55%
• 6M: 6.98%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QHFNX

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

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

QHFRX vs. QHFNX - Yearly Performance Comparison

	2026 (YTD)	2025
QHFRX AQR MS Fusion HV Fund Class R6	3.55%	5.06%
QHFNX AQR MS Fusion HV Fund Fund Class N	3.38%	4.97%

Correlation

The correlation between QHFRX and QHFNX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 7, 2025	1.00

Return for Risk

QHFRX vs. QHFNX - 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 MS Fusion HV Fund Fund Class N (QHFNX). 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	QHFNX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.99	0.97	+0.02

Drawdowns

QHFRX vs. QHFNX - Drawdown Comparison

The maximum QHFRX drawdown since its inception was -13.76%, roughly equal to the maximum QHFNX drawdown of -13.87%. Use the drawdown chart below to compare losses from any high point for QHFRX and QHFNX.

Drawdown Indicators

	QHFRX	QHFNX	Difference
Max Drawdown Largest peak-to-trough decline	-13.76%	-13.87%	+0.11%
Current Drawdown Current decline from peak	-0.41%	-0.41%	0.00%
Average Drawdown Average peak-to-trough decline	-4.95%	-5.01%	+0.06%

Volatility

Volatility by Period

	QHFRX	QHFNX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.35%	16.24%	+0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.35%	16.24%	+0.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.35%	16.24%	+0.11%

QHFRX vs. QHFNX - Expense Ratio Comparison

QHFRX has a 6.59% expense ratio, which is lower than QHFNX's 6.94% expense ratio.

Dividends

QHFRX vs. QHFNX - Dividend Comparison

Neither QHFRX nor QHFNX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both QHFRX and QHFNX in my portfolio?

With a correlation of 1.00, QHFRX and QHFNX 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.