QLFIX vs. SPEDX

Last updated Apr 1, 2026

Compare and contrast key facts about AQR LSE Fusion Fund Class I (QLFIX) and Alger Dynamic Opportunities Fund (SPEDX).

QLFIX is an actively managed fund by AQR. It was launched on Jun 25, 2025. SPEDX is managed by Alger. It was launched on Nov 1, 2009.

Performance

QLFIX vs. SPEDX - Performance Comparison

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

QLFIX vs. SPEDX - Yearly Performance Comparison

	2026 (YTD)	2025
QLFIX AQR LSE Fusion Fund Class I	-13.13%	6.78%
SPEDX Alger Dynamic Opportunities Fund	-7.22%	0.13%

Returns By Period

In the year-to-date period, QLFIX achieves a -13.13% return, which is significantly lower than SPEDX's -7.22% return.

QLFIX

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

SPEDX

• 1D: -0.24%
• 1M: -2.74%
• YTD: -7.22%
• 6M: -8.54%
• 1Y: 4.09%
• 3Y*: 8.27%
• 5Y*: 1.91%
• 10Y*: 7.51%

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

QLFIX vs. SPEDX - Expense Ratio Comparison

QLFIX has a 6.30% expense ratio, which is higher than SPEDX's 0.91% expense ratio.

QLFIX

AQR LSE Fusion Fund Class I

SPEDX

Alger Dynamic Opportunities Fund

Return for Risk

QLFIX vs. SPEDX — Risk / Return Rank

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

SPEDX

SPEDX Risk / Return Rank: 13
SPEDX Sharpe Ratio Rank: 15
SPEDX Sortino Ratio Rank: 13
SPEDX Omega Ratio Rank: 11
SPEDX Calmar Ratio Rank: 14
SPEDX Martin Ratio Rank: 14

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. SPEDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR LSE Fusion Fund Class I (QLFIX) and Alger Dynamic Opportunities Fund (SPEDX). 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	SPEDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.39	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.16	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.22	0.48	-1.69

Correlation

The correlation between QLFIX and SPEDX is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

QLFIX vs. SPEDX - Dividend Comparison

QLFIX's dividend yield for the trailing twelve months is around 0.25%, more than SPEDX's 0.10% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
SPEDX Alger Dynamic Opportunities Fund	0.10%	0.09%	0.00%	0.00%	0.00%	5.69%	4.94%	3.75%	1.92%	0.00%	0.32%

Drawdowns

QLFIX vs. SPEDX - Drawdown Comparison

The maximum QLFIX drawdown since its inception was -14.53%, smaller than the maximum SPEDX drawdown of -29.02%. Use the drawdown chart below to compare losses from any high point for QLFIX and SPEDX.

Drawdown Indicators

	QLFIX	SPEDX	Difference
Max Drawdown Largest peak-to-trough decline	-14.53%	-29.02%	+14.49%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.18%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.02%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-29.02%	—
Current Drawdown Current decline from peak	-14.20%	-9.18%	-5.02%
Average Drawdown Average peak-to-trough decline	-5.02%	-7.00%	+1.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.99%	—

Volatility

Volatility by Period

	QLFIX	SPEDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.69%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.63%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.55%	10.43%	+5.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.55%	12.02%	+3.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.55%	12.78%	+2.77%