QLFRX vs. QRPRX

Last updated Jun 24, 2026

QLFRX (AQR LSE Fusion Fund Class R6) and QRPRX (AQR Alternative Risk Premia R6) are both mutual funds - QLFRX is a Long-Short fund actively managed by AQR, while QRPRX is a Multistrategy fund actively managed by AQR. Both are actively managed. At a 0.44 correlation, their price movements are largely independent. QLFRX charges 6.20%/yr vs 4.94%/yr for QRPRX.

Performance

QLFRX vs. QRPRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR LSE Fusion Fund Class R6 (QLFRX) and AQR Alternative Risk Premia R6 (QRPRX). 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 lower than QRPRX's 18.48% return.

QLFRX

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

QRPRX

• 1D: 1.11%
• 1M: 1.68%
• YTD: 18.48%
• 6M: 18.65%
• 1Y: 33.78%
• 3Y*: 21.63%
• 5Y*: 20.06%
• 10Y*: —

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

QLFRX vs. QRPRX - Yearly Performance Comparison

	2026 (YTD)	2025
QLFRX AQR LSE Fusion Fund Class R6	-1.25%	6.80%
QRPRX AQR Alternative Risk Premia R6	18.48%	0.74%

Correlation

The correlation between QLFRX and QRPRX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 6, 2025	0.44

Return for Risk

QLFRX vs. QRPRX — Risk / Return Rank

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

QLFRX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

QRPRX

QRPRX Risk / Return Rank: 96
QRPRX Sharpe Ratio Rank: 98
QRPRX Sortino Ratio Rank: 96
QRPRX Omega Ratio Rank: 91
QRPRX Calmar Ratio Rank: 99
QRPRX Martin Ratio Rank: 98

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. QRPRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR LSE Fusion Fund Class R6 (QLFRX) and AQR Alternative Risk Premia R6 (QRPRX). 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.

	QLFRX	QRPRX	Difference
Sharpe ratio: Return per unit of total volatility	—	3.54	—
Sortino ratio: Return per unit of downside risk	—	5.15	—
Omega ratio: Gain probability vs. loss probability	—	1.63	—
Calmar ratio: Return relative to maximum drawdown	—	9.67	—
Martin ratio: Return relative to average drawdown	—	27.05	—

Drawdowns

QLFRX vs. QRPRX - Drawdown Comparison

The maximum QLFRX drawdown since its inception was -14.53%, smaller than the maximum QRPRX drawdown of -28.21%. Use the drawdown chart below to compare losses from any high point for QLFRX and QRPRX.

Drawdown Indicators

	QLFRX	QRPRX	Difference
Max Drawdown Largest peak-to-trough decline	-14.53%	-28.21%	+13.68%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.46%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.24%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-11.24%	—
Current Drawdown Current decline from peak	-2.46%	-1.09%	-1.37%
Average Drawdown Average peak-to-trough decline	-5.45%	-7.49%	+2.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.24%	—

Volatility

Volatility by Period

	QLFRX	QRPRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.43%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.78%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.52%	9.47%	+7.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.52%	11.84%	+4.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.52%	10.37%	+6.15%

QLFRX vs. QRPRX - Expense Ratio Comparison

QLFRX has a 6.20% expense ratio, which is higher than QRPRX's 4.94% expense ratio.

Dividends

QLFRX vs. QRPRX - Dividend Comparison

QLFRX's dividend yield for the trailing twelve months is around 0.23%, less than QRPRX's 1.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
QLFRX AQR LSE Fusion Fund Class R6	0.23%	0.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QRPRX AQR Alternative Risk Premia R6	1.27%	1.51%	2.33%	4.60%	0.00%	4.16%	1.97%	1.00%	0.09%

Frequently Asked Questions

Can I hold both QLFRX and QRPRX in my portfolio?

QLFRX and QRPRX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.