QLFIX vs. QMHNX

Last updated Apr 1, 2026

Compare and contrast key facts about AQR LSE Fusion Fund Class I (QLFIX) and AQR Managed Futures Strategy HV Fund Class N (QMHNX).

QLFIX is an actively managed fund by AQR. It was launched on Jun 25, 2025. QMHNX is an actively managed fund by AQR. It was launched on Jul 16, 2013.

Performance

QLFIX vs. QMHNX - Performance Comparison

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

QLFIX vs. QMHNX - Yearly Performance Comparison

	2026 (YTD)	2025
QLFIX AQR LSE Fusion Fund Class I	-13.13%	6.78%
QMHNX AQR Managed Futures Strategy HV Fund Class N	14.53%	0.89%

Returns By Period

In the year-to-date period, QLFIX achieves a -13.13% return, which is significantly lower than QMHNX's 14.53% return.

QLFIX

• 1D: 0.38%
• 1M: -8.81%
• YTD: -13.13%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QMHNX

• 1D: -0.61%
• 1M: 2.90%
• YTD: 14.53%
• 6M: 18.99%
• 1Y: 27.38%
• 3Y*: 17.74%
• 5Y*: 16.11%
• 10Y*: 4.76%

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

QLFIX vs. QMHNX - Expense Ratio Comparison

QLFIX has a 6.30% expense ratio, which is higher than QMHNX's 4.12% expense ratio.

QLFIX

AQR LSE Fusion Fund Class I

QMHNX

AQR Managed Futures Strategy HV Fund Class N

Return for Risk

QLFIX vs. QMHNX — Risk / Return Rank

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

QMHNX

QMHNX Risk / Return Rank: 89
QMHNX Sharpe Ratio Rank: 92
QMHNX Sortino Ratio Rank: 88
QMHNX Omega Ratio Rank: 85
QMHNX Calmar Ratio Rank: 95
QMHNX Martin Ratio Rank: 84

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. QMHNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR LSE Fusion Fund Class I (QLFIX) and AQR Managed Futures Strategy HV Fund Class N (QMHNX). 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	QMHNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.98	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.94	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.31	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.22	0.36	-1.57

Correlation

The correlation between QLFIX and QMHNX is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

QLFIX vs. QMHNX - Dividend Comparison

QLFIX's dividend yield for the trailing twelve months is around 0.25%, less than QMHNX's 1.65% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QLFIX AQR LSE Fusion Fund Class I	0.25%	0.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QMHNX AQR Managed Futures Strategy HV Fund Class N	1.65%	1.89%	2.09%	7.36%	8.75%	10.64%	7.79%	3.80%	0.00%	0.00%	0.01%	7.47%

Drawdowns

QLFIX vs. QMHNX - Drawdown Comparison

The maximum QLFIX drawdown since its inception was -14.53%, smaller than the maximum QMHNX drawdown of -40.29%. Use the drawdown chart below to compare losses from any high point for QLFIX and QMHNX.

Drawdown Indicators

	QLFIX	QMHNX	Difference
Max Drawdown Largest peak-to-trough decline	-14.53%	-40.29%	+25.76%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.40%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.23%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.34%	—
Current Drawdown Current decline from peak	-14.20%	-0.61%	-13.59%
Average Drawdown Average peak-to-trough decline	-5.02%	-18.52%	+13.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.16%	—

Volatility

Volatility by Period

	QLFIX	QMHNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.99%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.96%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.55%	14.18%	+1.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.55%	17.21%	-1.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.55%	15.46%	+0.09%