QLFIX vs. HSGFX

Last updated Jun 5, 2026

QLFIX (AQR LSE Fusion Fund Class I) and HSGFX (Hussman Strategic Growth Fund) are both Long-Short funds. At a correlation of -0.43, they often move in opposite directions. QLFIX charges 6.30%/yr vs 1.15%/yr for HSGFX.

Performance

QLFIX vs. HSGFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR LSE Fusion Fund Class I (QLFIX) and Hussman Strategic Growth Fund (HSGFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QLFIX achieves a 0.25% return, which is significantly higher than HSGFX's -8.61% return.

QLFIX

• 1D: -0.25%
• 1M: 5.60%
• YTD: 0.25%
• 6M: 3.48%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HSGFX

• 1D: 1.36%
• 1M: -2.26%
• YTD: -8.61%
• 6M: -8.26%
• 1Y: -18.01%
• 3Y*: -4.06%
• 5Y*: -3.31%
• 10Y*: -2.84%

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

QLFIX vs. HSGFX - Yearly Performance Comparison

	2026 (YTD)	2025
QLFIX AQR LSE Fusion Fund Class I	0.25%	6.78%
HSGFX Hussman Strategic Growth Fund	-8.61%	0.38%

Correlation

The correlation between QLFIX and HSGFX is -0.43, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 7, 2025	-0.43

Return for Risk

QLFIX vs. HSGFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HSGFX

HSGFX Risk / Return Rank: 0
HSGFX Sharpe Ratio Rank: 0
HSGFX Sortino Ratio Rank: 0
HSGFX Omega Ratio Rank: 0
HSGFX Calmar Ratio Rank: 0
HSGFX Martin Ratio Rank: 0

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QLFIX vs. HSGFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR LSE Fusion Fund Class I (QLFIX) and Hussman Strategic Growth Fund (HSGFX). 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

	QLFIX	HSGFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-1.60	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.30	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.27	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.01	+0.85

Drawdowns

QLFIX vs. HSGFX - Drawdown Comparison

The maximum QLFIX drawdown since its inception was -14.53%, smaller than the maximum HSGFX drawdown of -60.61%. Use the drawdown chart below to compare losses from any high point for QLFIX and HSGFX.

Drawdown Indicators

	QLFIX	HSGFX	Difference
Max Drawdown Largest peak-to-trough decline	-14.53%	-60.61%	+46.08%
Max Drawdown (1Y) Largest decline over 1 year	—	-19.80%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-24.22%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.22%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.41%	—
Current Drawdown Current decline from peak	-0.99%	-56.47%	+55.48%
Average Drawdown Average peak-to-trough decline	-5.66%	-26.86%	+21.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.23%	—

Volatility

Volatility by Period

	QLFIX	HSGFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.15%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.79%	11.24%	+4.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.79%	11.07%	+4.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.79%	10.71%	+5.08%

QLFIX vs. HSGFX - Expense Ratio Comparison

QLFIX has a 6.30% expense ratio, which is higher than HSGFX's 1.15% expense ratio.

Dividends

QLFIX vs. HSGFX - Dividend Comparison

QLFIX's dividend yield for the trailing twelve months is around 0.21%, less than HSGFX's 2.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HSGFX Hussman Strategic Growth Fund	2.55%	2.33%	3.00%	3.10%	1.08%	0.42%	0.16%	1.84%	1.19%	0.50%	0.28%	0.56%
QLFIX AQR LSE Fusion Fund Class I	0.21%	0.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QLFIX and HSGFX in my portfolio?

QLFIX and HSGFX have a correlation of -0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.