QLFIX vs. KCEIX

Last updated Jun 4, 2026

QLFIX (AQR LSE Fusion Fund Class I) and KCEIX (Knights of Columbus Long/Short Equity Fund) are both Long-Short funds. At a 0.24 correlation, their price movements are largely independent. QLFIX charges 6.30%/yr vs 1.50%/yr for KCEIX.

Performance

QLFIX vs. KCEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR LSE Fusion Fund Class I (QLFIX) and Knights of Columbus Long/Short Equity Fund (KCEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QLFIX achieves a 0.50% return, which is significantly lower than KCEIX's 6.89% return.

QLFIX

• 1D: -0.25%
• 1M: 6.61%
• YTD: 0.50%
• 6M: 4.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KCEIX

• 1D: -0.52%
• 1M: 2.94%
• YTD: 6.89%
• 6M: 7.85%
• 1Y: 11.72%
• 3Y*: 10.93%
• 5Y*: 8.85%
• 10Y*: —

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

QLFIX vs. KCEIX - Yearly Performance Comparison

	2026 (YTD)	2025
QLFIX AQR LSE Fusion Fund Class I	0.50%	6.78%
KCEIX Knights of Columbus Long/Short Equity Fund	6.89%	1.47%

Correlation

The correlation between QLFIX and KCEIX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 7, 2025	0.24

Return for Risk

QLFIX vs. KCEIX — Risk / Return Rank

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

KCEIX

KCEIX Risk / Return Rank: 60
KCEIX Sharpe Ratio Rank: 50
KCEIX Sortino Ratio Rank: 53
KCEIX Omega Ratio Rank: 49
KCEIX Calmar Ratio Rank: 88
KCEIX Martin Ratio Rank: 62

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. KCEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR LSE Fusion Fund Class I (QLFIX) and Knights of Columbus Long/Short Equity Fund (KCEIX). 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	KCEIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.08	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	0.85	+0.04

Drawdowns

QLFIX vs. KCEIX - Drawdown Comparison

The maximum QLFIX drawdown since its inception was -14.53%, smaller than the maximum KCEIX drawdown of -16.07%. Use the drawdown chart below to compare losses from any high point for QLFIX and KCEIX.

Drawdown Indicators

	QLFIX	KCEIX	Difference
Max Drawdown Largest peak-to-trough decline	-14.53%	-16.07%	+1.54%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.82%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-6.12%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-7.12%	—
Current Drawdown Current decline from peak	-0.74%	-0.52%	-0.22%
Average Drawdown Average peak-to-trough decline	-5.69%	-3.47%	-2.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.99%	—

Volatility

Volatility by Period

	QLFIX	KCEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.26%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.84%	5.85%	+9.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.84%	6.91%	+8.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.84%	8.06%	+7.78%

QLFIX vs. KCEIX - Expense Ratio Comparison

QLFIX has a 6.30% expense ratio, which is higher than KCEIX's 1.50% expense ratio.

Dividends

QLFIX vs. KCEIX - Dividend Comparison

QLFIX's dividend yield for the trailing twelve months is around 0.21%, less than KCEIX's 1.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
KCEIX Knights of Columbus Long/Short Equity Fund	1.52%	1.66%	2.35%	2.20%	7.60%	0.00%	0.14%
QLFIX AQR LSE Fusion Fund Class I	0.21%	0.21%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QLFIX and KCEIX in my portfolio?

QLFIX and KCEIX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.