QLFRX vs. HSGFX

Last updated Jun 4, 2026

QLFRX (AQR LSE Fusion Fund Class R6) and HSGFX (Hussman Strategic Growth Fund) are both Long-Short funds. At a correlation of -0.43, they often move in opposite directions. QLFRX charges 6.20%/yr vs 1.15%/yr for HSGFX.

Performance

QLFRX vs. HSGFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR LSE Fusion Fund Class R6 (QLFRX) and Hussman Strategic Growth Fund (HSGFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QLFRX achieves a 0.58% return, which is significantly higher than HSGFX's -9.84% return.

QLFRX

• 1D: -0.25%
• 1M: 6.61%
• YTD: 0.58%
• 6M: 4.10%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HSGFX

• 1D: -0.77%
• 1M: -4.47%
• YTD: -9.84%
• 6M: -9.50%
• 1Y: -18.99%
• 3Y*: -4.49%
• 5Y*: -3.66%
• 10Y*: -2.97%

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

QLFRX vs. HSGFX - Yearly Performance Comparison

	2026 (YTD)	2025
QLFRX AQR LSE Fusion Fund Class R6	0.58%	6.80%
HSGFX Hussman Strategic Growth Fund	-9.84%	0.38%

Correlation

The correlation between QLFRX and HSGFX is -0.43, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

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

Return for Risk

QLFRX vs. HSGFX — Risk / Return Rank

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

HSGFX

HSGFX Risk / Return Rank: 0
HSGFX Sharpe Ratio Rank: 0
HSGFX Sortino Ratio Rank: 0
HSGFX Omega Ratio Rank: 0
HSGFX Calmar Ratio Rank: 0
HSGFX Martin Ratio Rank: 0

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. HSGFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR LSE Fusion Fund Class R6 (QLFRX) and Hussman Strategic Growth Fund (HSGFX). 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	HSGFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-1.77	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.33	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.28	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	0.00	+0.90

Drawdowns

QLFRX vs. HSGFX - Drawdown Comparison

The maximum QLFRX drawdown since its inception was -14.53%, smaller than the maximum HSGFX drawdown of -60.61%. Use the drawdown chart below to compare losses from any high point for QLFRX and HSGFX.

Drawdown Indicators

	QLFRX	HSGFX	Difference
Max Drawdown Largest peak-to-trough decline	-14.53%	-60.61%	+46.08%
Max Drawdown (1Y) Largest decline over 1 year	—	-19.80%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-24.22%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.22%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.41%	—
Current Drawdown Current decline from peak	-0.66%	-57.05%	+56.39%
Average Drawdown Average peak-to-trough decline	-5.67%	-26.86%	+21.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.29%	—

Volatility

Volatility by Period

	QLFRX	HSGFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.89%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.72%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.89%	11.14%	+4.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.89%	11.06%	+4.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.89%	10.70%	+5.19%

QLFRX vs. HSGFX - Expense Ratio Comparison

QLFRX has a 6.20% expense ratio, which is higher than HSGFX's 1.15% expense ratio.

Dividends

QLFRX vs. HSGFX - Dividend Comparison

QLFRX's dividend yield for the trailing twelve months is around 0.22%, less than HSGFX's 2.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HSGFX Hussman Strategic Growth Fund	2.58%	2.33%	3.00%	3.10%	1.08%	0.42%	0.16%	1.84%	1.19%	0.50%	0.28%	0.56%
QLFRX AQR LSE Fusion Fund Class R6	0.22%	0.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QLFRX and HSGFX in my portfolio?

QLFRX and HSGFX 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.