QLFNX vs. QLFRX

Last updated Jun 5, 2026

QLFNX (AQR LSE Fusion Fund Class N) and QLFRX (AQR LSE Fusion Fund Class R6) 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 6.20%/yr for QLFRX.

Performance

QLFNX vs. QLFRX - 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 R6 (QLFRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QLFNX achieves a 0.17% return, which is significantly lower than QLFRX's 0.25% return.

QLFNX

• 1D: -0.33%
• 1M: 5.52%
• YTD: 0.17%
• 6M: 3.31%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QLFRX

• 1D: -0.33%
• 1M: 5.51%
• YTD: 0.25%
• 6M: 3.40%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QLFNX vs. QLFRX - Yearly Performance Comparison

	2026 (YTD)	2025
QLFNX AQR LSE Fusion Fund Class N	0.17%	6.71%
QLFRX AQR LSE Fusion Fund Class R6	0.25%	6.80%

Correlation

The correlation between QLFNX and QLFRX 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 7, 2025	1.00

Return for Risk

QLFNX vs. QLFRX - 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 R6 (QLFRX). 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

	QLFNX	QLFRX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.85	-0.02

Drawdowns

QLFNX vs. QLFRX - Drawdown Comparison

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

Drawdown Indicators

	QLFNX	QLFRX	Difference
Max Drawdown Largest peak-to-trough decline	-14.54%	-14.53%	-0.01%
Current Drawdown Current decline from peak	-1.07%	-0.99%	-0.08%
Average Drawdown Average peak-to-trough decline	-5.67%	-5.64%	-0.03%

Volatility

Volatility by Period

	QLFNX	QLFRX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	15.88%	15.84%	+0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.88%	15.84%	+0.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.88%	15.84%	+0.04%

QLFNX vs. QLFRX - Expense Ratio Comparison

QLFNX has a 6.55% expense ratio, which is higher than QLFRX's 6.20% expense ratio.

Dividends

QLFNX vs. QLFRX - Dividend Comparison

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

Position	TTM	2025
QLFNX AQR LSE Fusion Fund Class N	0.14%	0.14%
QLFRX AQR LSE Fusion Fund Class R6	0.22%	0.22%

Frequently Asked Questions

Can I hold both QLFNX and QLFRX in my portfolio?

With a correlation of 1.00, QLFNX and QLFRX 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.