QLFNX vs. QLFIX

Last updated Jun 23, 2026

QLFNX (AQR LSE Fusion Fund Class N) and QLFIX (AQR LSE Fusion Fund Class I) are both Long-Short funds from AQR. Both are actively managed. With a 1.00 correlation, they move nearly in lockstep. QLFNX charges 6.55%/yr vs 6.30%/yr for QLFIX.

Performance

QLFNX vs. QLFIX - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with QLFNX having a -1.91% return and QLFIX slightly higher at -1.83%.

QLFNX

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

QLFIX

• 1D: 0.60%
• 1M: 1.29%
• YTD: -1.83%
• 6M: -2.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QLFNX vs. QLFIX - Yearly Performance Comparison

	2026 (YTD)	2025
QLFNX AQR LSE Fusion Fund Class N	-1.91%	6.71%
QLFIX AQR LSE Fusion Fund Class I	-1.83%	6.78%

Correlation

The correlation between QLFNX and QLFIX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 6, 2025	1.00

Return for Risk

QLFNX vs. QLFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR LSE Fusion Fund Class N (QLFNX) and AQR LSE Fusion Fund Class I (QLFIX). 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. QLFIX - Drawdown Comparison

The maximum QLFNX drawdown since its inception was -14.54%, roughly equal to the maximum QLFIX drawdown of -14.53%. Use the drawdown chart below to compare losses from any high point for QLFNX and QLFIX.

Drawdown Indicators

	QLFNX	QLFIX	Difference
Max Drawdown Largest peak-to-trough decline	-14.54%	-14.53%	-0.01%
Current Drawdown Current decline from peak	-3.12%	-3.04%	-0.08%
Average Drawdown Average peak-to-trough decline	-5.51%	-5.49%	-0.02%

Volatility

Volatility by Period

	QLFNX	QLFIX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.62%	16.60%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.62%	16.60%	+0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.62%	16.60%	+0.02%

QLFNX vs. QLFIX - Expense Ratio Comparison

QLFNX has a 6.55% expense ratio, which is higher than QLFIX's 6.30% expense ratio.

Dividends

QLFNX vs. QLFIX - Dividend Comparison

QLFNX's dividend yield for the trailing twelve months is around 0.14%, less than QLFIX's 0.22% yield.

Position	TTM	2025
QLFIX AQR LSE Fusion Fund Class I	0.22%	0.21%
QLFNX AQR LSE Fusion Fund Class N	0.14%	0.14%

Frequently Asked Questions

Can I hold both QLFNX and QLFIX in my portfolio?

With a correlation of 1.00, QLFNX and QLFIX 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.