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QLFNX vs. QMHNX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

QLFNX vs. QMHNX

Last updated Apr 1, 2026

Compare and contrast key facts about AQR LSE Fusion Fund Class N (QLFNX) and AQR Managed Futures Strategy HV Fund Class N (QMHNX).

QLFNX is an actively managed fund by AQR. It was launched on Jun 25, 2025. QMHNX is an actively managed fund by AQR. It was launched on Jul 16, 2013.

Performance

QLFNX vs. QMHNX - Performance Comparison

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

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QLFNX vs. QMHNX - Yearly Performance Comparison

2026 (YTD)2025
QLFNX
AQR LSE Fusion Fund Class N		-13.14%6.71%
QMHNX
AQR Managed Futures Strategy HV Fund Class N		14.53%0.89%

Returns By Period

In the year-to-date period, QLFNX achieves a -13.14% return, which is significantly lower than QMHNX's 14.53% return.

QLFNX

1D
0.38%
1M
-8.82%
YTD
-13.14%
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

QMHNX

1D
-0.61%
1M
2.90%
YTD
14.53%
6M
18.99%
1Y
27.38%
3Y*
17.74%
5Y*
16.11%
10Y*
4.76%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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AQR LSE Fusion Fund Class N

AQR Managed Futures Strategy HV Fund Class N

Often compared with QLFNX:
QLFNX vs. QLENXQLFNX vs. VOOQLFNX vs. QRPRXQLFNX vs. QRPNXQLFNX vs. QCFNXQLFNX vs. QSPNXQLFNX vs. QSPRX
Often compared with QMHNX:
QMHNX vs. EQCHXQMHNX vs. ABYAXQMHNX vs. GFIRXQMHNX vs. RWSIXQMHNX vs. MFTFXQMHNX vs. QNZIXQMHNX vs. QRPRX

QLFNX vs. QMHNX - Expense Ratio Comparison

QLFNX has a 6.55% expense ratio, which is higher than QMHNX's 4.12% expense ratio.

QLFNX
AQR LSE Fusion Fund Class N
QMHNX
AQR Managed Futures Strategy HV Fund Class N

Return for Risk

QLFNX vs. QMHNX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QLFNX
QMHNX
QMHNX Risk / Return Rank: 8989
Overall Rank
QMHNX Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
QMHNX Sortino Ratio Rank: 8888
Sortino Ratio Rank
QMHNX Omega Ratio Rank: 8585
Omega Ratio Rank
QMHNX Calmar Ratio Rank: 9595
Calmar Ratio Rank
QMHNX Martin Ratio Rank: 8484
Martin Ratio Rank
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. QMHNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR LSE Fusion Fund Class N (QLFNX) and AQR Managed Futures Strategy HV Fund Class N (QMHNX). 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.

QLFNX vs. QMHNX - Sharpe Ratio Comparison

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Sharpe Ratios by Period

QLFNXQMHNXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

1.98

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.94

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.31

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-1.22

0.36

-1.57

Correlation

The correlation between QLFNX and QMHNX is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

QLFNX vs. QMHNX - Dividend Comparison

QLFNX's dividend yield for the trailing twelve months is around 0.16%, less than QMHNX's 1.65% yield.

TTM20252024202320222021202020192018201720162015
QLFNX
AQR LSE Fusion Fund Class N		0.16%0.14%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
QMHNX
AQR Managed Futures Strategy HV Fund Class N		1.65%1.89%2.09%7.36%8.75%10.64%7.79%3.80%0.00%0.00%0.01%7.47%

Drawdowns

QLFNX vs. QMHNX - Drawdown Comparison

The maximum QLFNX drawdown since its inception was -14.54%, smaller than the maximum QMHNX drawdown of -40.29%. Use the drawdown chart below to compare losses from any high point for QLFNX and QMHNX.

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Drawdown Indicators

QLFNXQMHNXDifference

Max Drawdown

Largest peak-to-trough decline

-14.54%

-40.29%

+25.75%

Max Drawdown (1Y)

Largest decline over 1 year

—

-8.40%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-19.23%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.34%

—

Current Drawdown

Current decline from peak

-14.22%

-0.61%

-13.61%

Average Drawdown

Average peak-to-trough decline

-5.03%

-18.52%

+13.49%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

3.16%

—

Volatility

QLFNX vs. QMHNX - Volatility Comparison

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Volatility by Period

QLFNXQMHNXDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

3.99%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

9.96%

—

Volatility (1Y)

Calculated over the trailing 1-year period

15.65%

14.18%

+1.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.65%

17.21%

-1.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.65%

15.46%

+0.19%