QLFRX vs. GTAPX

Last updated Jun 3, 2026

QLFRX (AQR LSE Fusion Fund Class R6) and GTAPX (Quantitative U.S. Long/Short Equity Portfolio) are both Long-Short funds. At a 0.43 correlation, their price movements are largely independent. QLFRX charges 6.20%/yr vs 1.25%/yr for GTAPX.

Performance

QLFRX vs. GTAPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR LSE Fusion Fund Class R6 (QLFRX) and Quantitative U.S. Long/Short Equity Portfolio (GTAPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QLFRX achieves a 0.83% return, which is significantly lower than GTAPX's 5.43% return.

QLFRX

• 1D: 2.19%
• 1M: 6.59%
• YTD: 0.83%
• 6M: 4.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GTAPX

• 1D: 0.45%
• 1M: 0.67%
• YTD: 5.43%
• 6M: 7.51%
• 1Y: 14.83%
• 3Y*: 12.02%
• 5Y*: 8.87%
• 10Y*: 5.77%

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

QLFRX vs. GTAPX - Yearly Performance Comparison

	2026 (YTD)	2025
QLFRX AQR LSE Fusion Fund Class R6	0.83%	6.80%
GTAPX Quantitative U.S. Long/Short Equity Portfolio	5.43%	1.97%

Correlation

The correlation between QLFRX and GTAPX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 7, 2025	0.43

Return for Risk

QLFRX vs. GTAPX — Risk / Return Rank

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

GTAPX

GTAPX Risk / Return Rank: 67
GTAPX Sharpe Ratio Rank: 56
GTAPX Sortino Ratio Rank: 62
GTAPX Omega Ratio Rank: 52
GTAPX Calmar Ratio Rank: 90
GTAPX Martin Ratio Rank: 76

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.

QLFRX vs. GTAPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR LSE Fusion Fund Class R6 (QLFRX) and Quantitative U.S. Long/Short Equity Portfolio (GTAPX). 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

	QLFRX	GTAPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.23	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.82	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.94	0.40	+0.54

Drawdowns

QLFRX vs. GTAPX - Drawdown Comparison

The maximum QLFRX drawdown since its inception was -14.53%, smaller than the maximum GTAPX drawdown of -30.40%. Use the drawdown chart below to compare losses from any high point for QLFRX and GTAPX.

Drawdown Indicators

	QLFRX	GTAPX	Difference
Max Drawdown Largest peak-to-trough decline	-14.53%	-30.40%	+15.87%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.01%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.21%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-12.21%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-30.40%	—
Current Drawdown Current decline from peak	-0.41%	-0.22%	-0.19%
Average Drawdown Average peak-to-trough decline	-5.71%	-7.04%	+1.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.96%	—

Volatility

Volatility by Period

	QLFRX	GTAPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.01%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.94%	6.78%	+9.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.94%	10.89%	+5.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.94%	10.22%	+5.72%

QLFRX vs. GTAPX - Expense Ratio Comparison

QLFRX has a 6.20% expense ratio, which is higher than GTAPX's 1.25% expense ratio.

Dividends

QLFRX vs. GTAPX - Dividend Comparison

QLFRX's dividend yield for the trailing twelve months is around 0.22%, less than GTAPX's 15.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
GTAPX Quantitative U.S. Long/Short Equity Portfolio	15.73%	16.63%	11.79%	11.23%	0.00%	0.00%	0.00%	0.96%
QLFRX AQR LSE Fusion Fund Class R6	0.22%	0.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QLFRX and GTAPX in my portfolio?

QLFRX and GTAPX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.