QLFRX vs. QMFRX

Last updated Jun 3, 2026

QLFRX (AQR LSE Fusion Fund Class R6) and QMFRX (AQR MS Fusion Fund Class R6) are both mutual funds - QLFRX is a Long-Short fund actively managed by AQR, while QMFRX is a Multistrategy fund actively managed by AQR. Both are actively managed. Their correlation of 0.89 suggests significant overlap in exposure. QLFRX charges 6.20%/yr vs 3.45%/yr for QMFRX.

Performance

QLFRX vs. QMFRX - 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 Fund Class R6 (QMFRX). 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 lower than QMFRX's 11.42% return.

QLFRX

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

QMFRX

• 1D: 1.35%
• 1M: 8.31%
• YTD: 11.42%
• 6M: 13.44%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QLFRX vs. QMFRX - Yearly Performance Comparison

	2026 (YTD)	2025
QLFRX AQR LSE Fusion Fund Class R6	0.83%	6.80%
QMFRX AQR MS Fusion Fund Class R6	11.42%	3.55%

Correlation

The correlation between QLFRX and QMFRX is 0.89, 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	0.89

Return for Risk

QLFRX vs. QMFRX - 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 Fund Class R6 (QMFRX). 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	QMFRX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.94	2.16	-1.22

Drawdowns

QLFRX vs. QMFRX - Drawdown Comparison

The maximum QLFRX drawdown since its inception was -14.53%, which is greater than QMFRX's maximum drawdown of -10.27%. Use the drawdown chart below to compare losses from any high point for QLFRX and QMFRX.

Drawdown Indicators

	QLFRX	QMFRX	Difference
Max Drawdown Largest peak-to-trough decline	-14.53%	-10.27%	-4.26%
Current Drawdown Current decline from peak	-0.41%	0.00%	-0.41%
Average Drawdown Average peak-to-trough decline	-5.71%	-2.28%	-3.43%

Volatility

Volatility by Period

	QLFRX	QMFRX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	15.94%	14.36%	+1.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.94%	14.36%	+1.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.94%	14.36%	+1.58%

QLFRX vs. QMFRX - Expense Ratio Comparison

QLFRX has a 6.20% expense ratio, which is higher than QMFRX's 3.45% expense ratio.

Dividends

QLFRX vs. QMFRX - Dividend Comparison

QLFRX's dividend yield for the trailing twelve months is around 0.22%, less than QMFRX's 0.43% yield.

Position	TTM	2025
QLFRX AQR LSE Fusion Fund Class R6	0.22%	0.22%
QMFRX AQR MS Fusion Fund Class R6	0.43%	0.47%

Frequently Asked Questions

Can I hold both QLFRX and QMFRX in my portfolio?

QLFRX and QMFRX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.