QLFNX vs. QMFIX

Last updated Jul 17, 2026

QLFNX (AQR LSE Fusion Fund Class N) and QMFIX (AQR MS Fusion Fund Class I) are both mutual funds - QLFNX is a Long-Short fund actively managed by AQR, while QMFIX is a Multistrategy fund actively managed by AQR. Both are actively managed. Their correlation of 0.91 suggests significant overlap in exposure. QLFNX charges 6.55%/yr vs 3.55%/yr for QMFIX.

Performance

QLFNX vs. QMFIX - 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 Fund Class I (QMFIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QLFNX achieves a -3.58% return, which is significantly lower than QMFIX's 6.97% return.

QLFNX

• 1D: -0.34%
• 1M: -1.61%
• 6M: -0.17%
• YTD: -3.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QMFIX

• 1D: -0.24%
• 1M: -1.45%
• 6M: 6.51%
• YTD: 6.97%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QLFNX vs. QMFIX - Yearly Performance Comparison

	2026 (YTD)	2025
QLFNX AQR LSE Fusion Fund Class N	-3.58%	6.71%
QMFIX AQR MS Fusion Fund Class I	6.97%	3.63%

Correlation

The correlation between QLFNX and QMFIX is 0.91, 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	0.91

Return for Risk

QLFNX vs. QMFIX - 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 Fund Class I (QMFIX). 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. QMFIX - Drawdown Comparison

The maximum QLFNX drawdown since its inception was -14.54%, which is greater than QMFIX's maximum drawdown of -10.27%. Use the drawdown chart below to compare losses from any high point for QLFNX and QMFIX.

Drawdown Indicators

	QLFNX	QMFIX	Difference
Max Drawdown Largest peak-to-trough decline	-14.54%	-10.27%	-4.27%
Current Drawdown Current decline from peak	-4.77%	-4.07%	-0.70%
Average Drawdown Average peak-to-trough decline	-5.53%	-2.55%	-2.98%

Volatility

Volatility by Period

	QLFNX	QMFIX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.90%	14.80%	+2.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.90%	14.80%	+2.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.90%	14.80%	+2.10%

QLFNX vs. QMFIX - Expense Ratio Comparison

QLFNX has a 6.55% expense ratio, which is higher than QMFIX's 3.55% expense ratio.

Dividends

QLFNX vs. QMFIX - Dividend Comparison

QLFNX's dividend yield for the trailing twelve months is around 0.14%, less than QMFIX's 0.43% yield.

Position	TTM	2025
QLFNX AQR LSE Fusion Fund Class N	0.14%	0.14%
QMFIX AQR MS Fusion Fund Class I	0.43%	0.46%

Frequently Asked Questions

Can I hold both QLFNX and QMFIX in my portfolio?

With a correlation of 0.91, QLFNX and QMFIX 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.