QLFNX vs. QHFIX

Last updated Jun 23, 2026

QLFNX (AQR LSE Fusion Fund Class N) and QHFIX (AQR MS Fusion HV Fund Fund Class I) are both mutual funds - QLFNX 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. QLFNX charges 6.55%/yr vs 6.69%/yr for QHFIX.

Performance

QLFNX vs. QHFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR LSE Fusion Fund Class N (QLFNX) 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, QLFNX achieves a -1.91% return, which is significantly lower than QHFIX's 0.76% return.

QLFNX

• 1D: 0.60%
• 1M: 1.20%
• YTD: -1.91%
• 6M: -2.96%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QHFIX

• 1D: 0.51%
• 1M: 1.79%
• YTD: 0.76%
• 6M: 0.17%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QLFNX vs. QHFIX - Yearly Performance Comparison

	2026 (YTD)	2025
QLFNX AQR LSE Fusion Fund Class N	-1.91%	6.71%
QHFIX AQR MS Fusion HV Fund Fund Class I	0.76%	4.97%

Correlation

The correlation between QLFNX 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

QLFNX vs. QHFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR LSE Fusion Fund Class N (QLFNX) 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

QLFNX vs. QHFIX - Drawdown Comparison

The maximum QLFNX drawdown since its inception was -14.54%, roughly equal to the maximum QHFIX drawdown of -13.85%. Use the drawdown chart below to compare losses from any high point for QLFNX and QHFIX.

Drawdown Indicators

	QLFNX	QHFIX	Difference
Max Drawdown Largest peak-to-trough decline	-14.54%	-13.85%	-0.69%
Current Drawdown Current decline from peak	-3.12%	-3.09%	-0.03%
Average Drawdown Average peak-to-trough decline	-5.51%	-4.88%	-0.63%

Volatility

Volatility by Period

	QLFNX	QHFIX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.62%	17.00%	-0.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.62%	17.00%	-0.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.62%	17.00%	-0.38%

QLFNX vs. QHFIX - Expense Ratio Comparison

QLFNX has a 6.55% expense ratio, which is lower than QHFIX's 6.69% expense ratio.

Dividends

QLFNX vs. QHFIX - Dividend Comparison

QLFNX's dividend yield for the trailing twelve months is around 0.14%, while QHFIX has not paid dividends to shareholders.

Position	TTM	2025
QHFIX AQR MS Fusion HV Fund Fund Class I	0.00%	0.00%
QLFNX AQR LSE Fusion Fund Class N	0.14%	0.14%

Frequently Asked Questions

Can I hold both QLFNX and QHFIX in my portfolio?

QLFNX and QHFIX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.