QLFRX vs. PWLIX

Last updated Jun 3, 2026

QLFRX (AQR LSE Fusion Fund Class R6) and PWLIX (PIMCO RAE Worldwide Long/Short PLUS Fund) are both Long-Short funds. At a correlation of -0.17, they often move in opposite directions. QLFRX charges 6.20%/yr vs 1.19%/yr for PWLIX.

Performance

QLFRX vs. PWLIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR LSE Fusion Fund Class R6 (QLFRX) and PIMCO RAE Worldwide Long/Short PLUS Fund (PWLIX). 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 higher than PWLIX's -0.82% return.

QLFRX

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

PWLIX

• 1D: -0.54%
• 1M: -4.33%
• YTD: -0.82%
• 6M: -1.75%
• 1Y: -0.59%
• 3Y*: 4.53%
• 5Y*: 4.35%
• 10Y*: 4.56%

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

QLFRX vs. PWLIX - Yearly Performance Comparison

	2026 (YTD)	2025
QLFRX AQR LSE Fusion Fund Class R6	0.83%	6.80%
PWLIX PIMCO RAE Worldwide Long/Short PLUS Fund	-0.82%	1.24%

Correlation

The correlation between QLFRX and PWLIX is -0.17, 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	-0.17

Return for Risk

QLFRX vs. PWLIX — Risk / Return Rank

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

PWLIX

PWLIX Risk / Return Rank: 2
PWLIX Sharpe Ratio Rank: 2
PWLIX Sortino Ratio Rank: 2
PWLIX Omega Ratio Rank: 2
PWLIX Calmar Ratio Rank: 2
PWLIX Martin Ratio Rank: 2

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. PWLIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR LSE Fusion Fund Class R6 (QLFRX) and PIMCO RAE Worldwide Long/Short PLUS Fund (PWLIX). 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	PWLIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.07	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.49	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.94	0.43	+0.51

Drawdowns

QLFRX vs. PWLIX - Drawdown Comparison

The maximum QLFRX drawdown since its inception was -14.53%, smaller than the maximum PWLIX drawdown of -26.92%. Use the drawdown chart below to compare losses from any high point for QLFRX and PWLIX.

Drawdown Indicators

	QLFRX	PWLIX	Difference
Max Drawdown Largest peak-to-trough decline	-14.53%	-26.92%	+12.39%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.43%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.74%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-11.74%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-26.92%	—
Current Drawdown Current decline from peak	-0.41%	-9.43%	+9.02%
Average Drawdown Average peak-to-trough decline	-5.71%	-4.18%	-1.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.17%	—

Volatility

Volatility by Period

	QLFRX	PWLIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.51%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.54%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.94%	8.43%	+7.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.94%	8.96%	+6.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.94%	9.00%	+6.94%

QLFRX vs. PWLIX - Expense Ratio Comparison

QLFRX has a 6.20% expense ratio, which is higher than PWLIX's 1.19% expense ratio.

Dividends

QLFRX vs. PWLIX - Dividend Comparison

QLFRX's dividend yield for the trailing twelve months is around 0.22%, less than PWLIX's 6.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PWLIX PIMCO RAE Worldwide Long/Short PLUS Fund	6.70%	6.65%	4.75%	5.51%	14.75%	11.99%	7.31%	6.79%	0.39%	10.82%	4.16%	3.61%
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 PWLIX in my portfolio?

QLFRX and PWLIX have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.