QLFRX vs. QHFRX

Last updated Jul 14, 2026

QLFRX (AQR LSE Fusion Fund Class R6) and QHFRX (AQR MS Fusion HV Fund Class R6) are both mutual funds - QLFRX is a Long-Short fund actively managed by AQR, while QHFRX is a Multistrategy fund actively managed by AQR. Both are actively managed. Their correlation of 0.91 suggests significant overlap in exposure. QLFRX charges 6.20%/yr vs 6.59%/yr for QHFRX.

Performance

QLFRX vs. QHFRX - Performance Comparison

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

Returns By Period

In the year-to-date period, QLFRX achieves a -2.83% return, which is significantly lower than QHFRX's -1.44% return.

QLFRX

• 1D: 0.09%
• 1M: 0.26%
• 6M: -2.26%
• YTD: -2.83%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QHFRX

• 1D: 0.17%
• 1M: -0.93%
• 6M: -1.77%
• YTD: -1.44%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QLFRX vs. QHFRX - Yearly Performance Comparison

	2026 (YTD)	2025
QLFRX AQR LSE Fusion Fund Class R6	-2.83%	6.80%
QHFRX AQR MS Fusion HV Fund Class R6	-1.44%	5.06%

Correlation

The correlation between QLFRX and QHFRX 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

QLFRX vs. QHFRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR LSE Fusion Fund Class R6 (QLFRX) and AQR MS Fusion HV Fund Class R6 (QHFRX). 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

QLFRX vs. QHFRX - Drawdown Comparison

The maximum QLFRX drawdown since its inception was -14.53%, which is greater than QHFRX's maximum drawdown of -13.76%. Use the drawdown chart below to compare losses from any high point for QLFRX and QHFRX.

Drawdown Indicators

	QLFRX	QHFRX	Difference
Max Drawdown Largest peak-to-trough decline	-14.53%	-13.76%	-0.77%
Current Drawdown Current decline from peak	-4.02%	-5.20%	+1.18%
Average Drawdown Average peak-to-trough decline	-5.50%	-4.98%	-0.52%

Volatility

Volatility by Period

	QLFRX	QHFRX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.96%	17.43%	-0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.96%	17.43%	-0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.96%	17.43%	-0.47%

QLFRX vs. QHFRX - Expense Ratio Comparison

QLFRX has a 6.20% expense ratio, which is lower than QHFRX's 6.59% expense ratio.

Dividends

QLFRX vs. QHFRX - Dividend Comparison

QLFRX's dividend yield for the trailing twelve months is around 0.23%, while QHFRX has not paid dividends to shareholders.

Position	TTM	2025
QHFRX AQR MS Fusion HV Fund Class R6	0.00%	0.00%
QLFRX AQR LSE Fusion Fund Class R6	0.23%	0.22%

Frequently Asked Questions

Can I hold both QLFRX and QHFRX in my portfolio?

With a correlation of 0.91, QLFRX and QHFRX 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.