QHFRX vs. QLFNX

Last updated Jun 4, 2026

QHFRX (AQR MS Fusion HV Fund Class R6) and QLFNX (AQR LSE Fusion Fund Class N) are both mutual funds - QHFRX is a Multistrategy fund actively managed by AQR, while QLFNX is a Long-Short fund actively managed by AQR. Both are actively managed. Their correlation of 0.89 suggests significant overlap in exposure. QHFRX charges 6.59%/yr vs 6.55%/yr for QLFNX.

Performance

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

Returns By Period

In the year-to-date period, QHFRX achieves a 3.72% return, which is significantly higher than QLFNX's 0.50% return.

QHFRX

• 1D: -0.24%
• 1M: 9.35%
• YTD: 3.72%
• 6M: 7.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QLFNX

• 1D: -0.25%
• 1M: 6.62%
• YTD: 0.50%
• 6M: 4.01%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QHFRX vs. QLFNX - Yearly Performance Comparison

	2026 (YTD)	2025
QHFRX AQR MS Fusion HV Fund Class R6	3.72%	5.06%
QLFNX AQR LSE Fusion Fund Class N	0.50%	6.71%

Correlation

The correlation between QHFRX and QLFNX 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

QHFRX vs. QLFNX - 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 LSE Fusion Fund Class N (QLFNX). 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	QLFNX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.01	0.88	+0.14

Drawdowns

QHFRX vs. QLFNX - Drawdown Comparison

The maximum QHFRX drawdown since its inception was -13.76%, smaller than the maximum QLFNX drawdown of -14.54%. Use the drawdown chart below to compare losses from any high point for QHFRX and QLFNX.

Drawdown Indicators

	QHFRX	QLFNX	Difference
Max Drawdown Largest peak-to-trough decline	-13.76%	-14.54%	+0.78%
Current Drawdown Current decline from peak	-0.24%	-0.74%	+0.50%
Average Drawdown Average peak-to-trough decline	-4.98%	-5.70%	+0.72%

Volatility

Volatility by Period

	QHFRX	QLFNX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.40%	15.93%	+0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.40%	15.93%	+0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.40%	15.93%	+0.47%

QHFRX vs. QLFNX - Expense Ratio Comparison

QHFRX has a 6.59% expense ratio, which is higher than QLFNX's 6.55% expense ratio.

Dividends

QHFRX vs. QLFNX - Dividend Comparison

QHFRX has not paid dividends to shareholders, while QLFNX's dividend yield for the trailing twelve months is around 0.14%.

Position	TTM	2025
QHFRX AQR MS Fusion HV Fund Class R6	0.00%	0.00%
QLFNX AQR LSE Fusion Fund Class N	0.14%	0.14%

Frequently Asked Questions

Can I hold both QHFRX and QLFNX in my portfolio?

QHFRX and QLFNX 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.