QLFIX vs. QHFIX

Last updated Jun 25, 2026

QLFIX (AQR LSE Fusion Fund Class I) and QHFIX (AQR MS Fusion HV Fund Fund Class I) are both mutual funds - QLFIX is a Long-Short fund actively managed by AQR, while QHFIX is a Multistrategy fund actively managed by AQR. Both are actively managed. Their correlation of 0.90 suggests significant overlap in exposure. QLFIX charges 6.30%/yr vs 6.69%/yr for QHFIX.

Performance

QLFIX vs. QHFIX - Performance Comparison

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

Returns By Period

In the year-to-date period, QLFIX achieves a -3.99% return, which is significantly lower than QHFIX's -0.85% return.

QLFIX

• 1D: -2.70%
• 1M: -0.94%
• YTD: -3.99%
• 6M: -5.17%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QHFIX

• 1D: -2.57%
• 1M: 0.17%
• YTD: -0.85%
• 6M: -1.68%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QLFIX vs. QHFIX - Yearly Performance Comparison

	2026 (YTD)	2025
QLFIX AQR LSE Fusion Fund Class I	-3.99%	6.78%
QHFIX AQR MS Fusion HV Fund Fund Class I	-0.85%	4.97%

Correlation

The correlation between QLFIX and QHFIX is 0.90, 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	0.90

Return for Risk

QLFIX vs. QHFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR LSE Fusion Fund Class I (QLFIX) and AQR MS Fusion HV Fund Fund Class I (QHFIX). 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

QLFIX vs. QHFIX - Drawdown Comparison

The maximum QLFIX drawdown since its inception was -14.53%, roughly equal to the maximum QHFIX drawdown of -13.85%. Use the drawdown chart below to compare losses from any high point for QLFIX and QHFIX.

Drawdown Indicators

	QLFIX	QHFIX	Difference
Max Drawdown Largest peak-to-trough decline	-14.53%	-13.85%	-0.68%
Current Drawdown Current decline from peak	-5.17%	-4.63%	-0.54%
Average Drawdown Average peak-to-trough decline	-5.47%	-4.86%	-0.61%

Volatility

Volatility by Period

	QLFIX	QHFIX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.88%	17.26%	-0.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.88%	17.26%	-0.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.88%	17.26%	-0.38%

QLFIX vs. QHFIX - Expense Ratio Comparison

QLFIX has a 6.30% expense ratio, which is lower than QHFIX's 6.69% expense ratio.

Dividends

QLFIX vs. QHFIX - Dividend Comparison

QLFIX's dividend yield for the trailing twelve months is around 0.22%, while QHFIX has not paid dividends to shareholders.

Position	TTM	2025
QHFIX AQR MS Fusion HV Fund Fund Class I	0.00%	0.00%
QLFIX AQR LSE Fusion Fund Class I	0.22%	0.21%

Frequently Asked Questions

Can I hold both QLFIX and QHFIX in my portfolio?

With a correlation of 0.90, QLFIX and QHFIX 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.