QHFRX vs. QLFRX

Last updated Jul 14, 2026

QHFRX (AQR MS Fusion HV Fund Class R6) and QLFRX (AQR LSE Fusion Fund Class R6) are both mutual funds - QHFRX is a Multistrategy fund actively managed by AQR, while QLFRX is a Long-Short fund actively managed by AQR. Both are actively managed. Their correlation of 0.91 suggests significant overlap in exposure. QHFRX charges 6.59%/yr vs 6.20%/yr for QLFRX.

Performance

QHFRX vs. QLFRX - 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 R6 (QLFRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QHFRX achieves a -1.44% return, which is significantly higher than QLFRX's -2.83% return.

QHFRX

• 1D: 0.17%
• 1M: -0.93%
• 6M: -1.77%
• YTD: -1.44%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QLFRX

• 1D: 0.09%
• 1M: 0.26%
• 6M: -2.26%
• YTD: -2.83%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QHFRX vs. QLFRX - Yearly Performance Comparison

	2026 (YTD)	2025
QHFRX AQR MS Fusion HV Fund Class R6	-1.44%	5.06%
QLFRX AQR LSE Fusion Fund Class R6	-2.83%	6.80%

Correlation

The correlation between QHFRX and QLFRX is 0.91, 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 6, 2025	0.91

Return for Risk

QHFRX vs. QLFRX - 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 R6 (QLFRX). 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.

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

Drawdowns

QHFRX vs. QLFRX - Drawdown Comparison

The maximum QHFRX drawdown since its inception was -13.76%, smaller than the maximum QLFRX drawdown of -14.53%. Use the drawdown chart below to compare losses from any high point for QHFRX and QLFRX.

Drawdown Indicators

	QHFRX	QLFRX	Difference
Max Drawdown Largest peak-to-trough decline	-13.76%	-14.53%	+0.77%
Current Drawdown Current decline from peak	-5.20%	-4.02%	-1.18%
Average Drawdown Average peak-to-trough decline	-4.98%	-5.50%	+0.52%

Volatility

Volatility by Period

	QHFRX	QLFRX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	17.43%	16.96%	+0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.43%	16.96%	+0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.43%	16.96%	+0.47%

QHFRX vs. QLFRX - Expense Ratio Comparison

QHFRX has a 6.59% expense ratio, which is higher than QLFRX's 6.20% expense ratio.

Dividends

QHFRX vs. QLFRX - Dividend Comparison

QHFRX has not paid dividends to shareholders, while QLFRX's dividend yield for the trailing twelve months is around 0.23%.

Position	TTM	2025
QHFRX AQR MS Fusion HV Fund Class R6	0.00%	0.00%
QLFRX AQR LSE Fusion Fund Class R6	0.23%	0.22%

Frequently Asked Questions

Can I hold both QHFRX and QLFRX in my portfolio?

With a correlation of 0.91, QHFRX and QLFRX 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.