QLFNX vs. QLEIX

Last updated Jun 25, 2026

QLFNX (AQR LSE Fusion Fund Class N) and QLEIX (AQR Long-Short Equity Fund) are both Long-Short funds. Both are actively managed. Their correlation of 0.83 suggests significant overlap in exposure. QLFNX charges 6.55%/yr vs 1.30%/yr for QLEIX.

Performance

QLFNX vs. QLEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR LSE Fusion Fund Class N (QLFNX) and AQR Long-Short Equity Fund (QLEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QLFNX achieves a -4.08% return, which is significantly lower than QLEIX's -1.80% return.

QLFNX

• 1D: -2.78%
• 1M: -1.03%
• YTD: -4.08%
• 6M: -5.26%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QLEIX

• 1D: -1.28%
• 1M: -0.14%
• YTD: -1.80%
• 6M: -2.12%
• 1Y: 13.28%
• 3Y*: 25.25%
• 5Y*: 22.99%
• 10Y*: 12.12%

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

QLFNX vs. QLEIX - Yearly Performance Comparison

	2026 (YTD)	2025
QLFNX AQR LSE Fusion Fund Class N	-4.08%	6.71%
QLEIX AQR Long-Short Equity Fund	-1.80%	6.19%

Correlation

The correlation between QLFNX and QLEIX is 0.83, 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	0.83

Return for Risk

QLFNX vs. QLEIX — Risk / Return Rank

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

QLFNX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

QLEIX

QLEIX Risk / Return Rank: 44
QLEIX Sharpe Ratio Rank: 48
QLEIX Sortino Ratio Rank: 50
QLEIX Omega Ratio Rank: 47
QLEIX Calmar Ratio Rank: 42
QLEIX Martin Ratio Rank: 34

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.

QLFNX vs. QLEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR LSE Fusion Fund Class N (QLFNX) and AQR Long-Short Equity Fund (QLEIX). 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.

	QLFNX	QLEIX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.88	—
Sortino ratio: Return per unit of downside risk	—	2.73	—
Omega ratio: Gain probability vs. loss probability	—	1.34	—
Calmar ratio: Return relative to maximum drawdown	—	2.34	—
Martin ratio: Return relative to average drawdown	—	7.25	—

Drawdowns

QLFNX vs. QLEIX - Drawdown Comparison

The maximum QLFNX drawdown since its inception was -14.54%, smaller than the maximum QLEIX drawdown of -38.11%. Use the drawdown chart below to compare losses from any high point for QLFNX and QLEIX.

Drawdown Indicators

	QLFNX	QLEIX	Difference
Max Drawdown Largest peak-to-trough decline	-14.54%	-38.11%	+23.57%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.01%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-7.07%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.07%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.11%	—
Current Drawdown Current decline from peak	-5.26%	-2.40%	-2.86%
Average Drawdown Average peak-to-trough decline	-5.49%	-7.70%	+2.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.94%	—

Volatility

Volatility by Period

	QLFNX	QLEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.12%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.88%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.92%	7.48%	+9.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.92%	10.04%	+6.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.92%	10.56%	+6.36%

QLFNX vs. QLEIX - Expense Ratio Comparison

QLFNX has a 6.55% expense ratio, which is higher than QLEIX's 1.30% expense ratio.

Dividends

QLFNX vs. QLEIX - Dividend Comparison

QLFNX's dividend yield for the trailing twelve months is around 0.14%, less than QLEIX's 1.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QLEIX AQR Long-Short Equity Fund	1.78%	1.75%	7.12%	20.88%	14.15%	0.00%	1.57%	0.00%	6.03%	9.11%	3.01%	4.98%
QLFNX AQR LSE Fusion Fund Class N	0.14%	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QLFNX and QLEIX in my portfolio?

QLFNX and QLEIX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.