QLFRX vs. QLENX

Last updated Jun 3, 2026

QLFRX (AQR LSE Fusion Fund Class R6) and QLENX (AQR Long-Short Equity N) are both Long-Short funds. Both are actively managed. Their correlation of 0.82 suggests significant overlap in exposure. QLFRX charges 6.20%/yr vs 5.18%/yr for QLENX.

Performance

QLFRX vs. QLENX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR LSE Fusion Fund Class R6 (QLFRX) and AQR Long-Short Equity N (QLENX). 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 QLENX's 0.49% return.

QLFRX

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

QLENX

• 1D: 1.18%
• 1M: 3.61%
• YTD: 0.49%
• 6M: 4.49%
• 1Y: 16.10%
• 3Y*: 27.48%
• 5Y*: 21.78%
• 10Y*: 11.75%

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

QLFRX vs. QLENX - Yearly Performance Comparison

	2026 (YTD)	2025
QLFRX AQR LSE Fusion Fund Class R6	0.83%	6.80%
QLENX AQR Long-Short Equity N	0.49%	6.64%

Correlation

The correlation between QLFRX and QLENX is 0.82, 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 7, 2025	0.82

Return for Risk

QLFRX vs. QLENX — Risk / Return Rank

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

QLENX

QLENX Risk / Return Rank: 58
QLENX Sharpe Ratio Rank: 65
QLENX Sortino Ratio Rank: 70
QLENX Omega Ratio Rank: 61
QLENX Calmar Ratio Rank: 54
QLENX Martin Ratio Rank: 41

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. QLENX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR LSE Fusion Fund Class R6 (QLFRX) and AQR Long-Short Equity N (QLENX). 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	QLENX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.37	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	2.17	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.94	1.22	-0.28

Drawdowns

QLFRX vs. QLENX - Drawdown Comparison

The maximum QLFRX drawdown since its inception was -14.53%, smaller than the maximum QLENX drawdown of -38.50%. Use the drawdown chart below to compare losses from any high point for QLFRX and QLENX.

Drawdown Indicators

	QLFRX	QLENX	Difference
Max Drawdown Largest peak-to-trough decline	-14.53%	-38.50%	+23.97%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.09%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-7.09%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.19%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.50%	—
Current Drawdown Current decline from peak	-0.41%	-0.14%	-0.27%
Average Drawdown Average peak-to-trough decline	-5.71%	-7.49%	+1.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.95%	—

Volatility

Volatility by Period

	QLFRX	QLENX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.20%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.59%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.94%	7.28%	+8.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.94%	10.10%	+5.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.94%	10.58%	+5.36%

QLFRX vs. QLENX - Expense Ratio Comparison

QLFRX has a 6.20% expense ratio, which is higher than QLENX's 5.18% expense ratio.

Dividends

QLFRX vs. QLENX - Dividend Comparison

QLFRX's dividend yield for the trailing twelve months is around 0.22%, less than QLENX's 1.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QLENX AQR Long-Short Equity N	1.63%	1.64%	7.13%	21.21%	14.09%	0.00%	1.59%	0.00%	6.09%	8.91%	2.87%	4.91%
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 QLENX in my portfolio?

QLFRX and QLENX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.