QLFRX vs. QLFNX

Last updated Jun 24, 2026

QLFRX (AQR LSE Fusion Fund Class R6) and QLFNX (AQR LSE Fusion Fund Class N) are both Long-Short funds from AQR. Both are actively managed. With a 1.00 correlation, they move nearly in lockstep. QLFRX charges 6.20%/yr vs 6.55%/yr for QLFNX.

Performance

QLFRX vs. QLFNX - Performance Comparison

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

Returns By Period

In the year-to-date period, QLFRX achieves a -1.25% return, which is significantly higher than QLFNX's -1.33% return.

QLFRX

• 1D: 0.59%
• 1M: 1.80%
• YTD: -1.25%
• 6M: -2.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QLFNX

• 1D: 0.59%
• 1M: 1.80%
• YTD: -1.33%
• 6M: -2.55%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QLFRX vs. QLFNX - Yearly Performance Comparison

	2026 (YTD)	2025
QLFRX AQR LSE Fusion Fund Class R6	-1.25%	6.80%
QLFNX AQR LSE Fusion Fund Class N	-1.33%	6.71%

Correlation

The correlation between QLFRX and QLFNX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 6, 2025	1.00

Return for Risk

QLFRX vs. QLFNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR LSE Fusion Fund Class R6 (QLFRX) and AQR LSE Fusion Fund Class N (QLFNX). 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. QLFNX - Drawdown Comparison

The maximum QLFRX drawdown since its inception was -14.53%, roughly equal to the maximum QLFNX drawdown of -14.54%. Use the drawdown chart below to compare losses from any high point for QLFRX and QLFNX.

Drawdown Indicators

	QLFRX	QLFNX	Difference
Max Drawdown Largest peak-to-trough decline	-14.53%	-14.54%	+0.01%
Current Drawdown Current decline from peak	-2.46%	-2.55%	+0.09%
Average Drawdown Average peak-to-trough decline	-5.45%	-5.49%	+0.04%

Volatility

Volatility by Period

	QLFRX	QLFNX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.52%	16.57%	-0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.52%	16.57%	-0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.52%	16.57%	-0.05%

QLFRX vs. QLFNX - Expense Ratio Comparison

QLFRX has a 6.20% expense ratio, which is lower than QLFNX's 6.55% expense ratio.

Dividends

QLFRX vs. QLFNX - Dividend Comparison

QLFRX's dividend yield for the trailing twelve months is around 0.23%, more than QLFNX's 0.14% yield.

Position	TTM	2025
QLFNX AQR LSE Fusion Fund Class N	0.14%	0.14%
QLFRX AQR LSE Fusion Fund Class R6	0.23%	0.22%

Frequently Asked Questions

Can I hold both QLFRX and QLFNX in my portfolio?

With a correlation of 1.00, QLFRX and QLFNX 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.