QLFRX vs. SPEDX

Last updated Aug 1, 2026

QLFRX (AQR LSE Fusion Fund Class R6) and SPEDX (Alger Dynamic Opportunities Fund) are both Long-Short funds. Their 0.56 correlation means they have sometimes moved together and sometimes differently. QLFRX charges 6.20%/yr vs 0.91%/yr for SPEDX.

Performance

QLFRX vs. SPEDX - Performance Comparison

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

Returns By Period

In the year-to-date period, QLFRX achieves a -3.82% return, which is significantly lower than SPEDX's 2.30% return.

QLFRX

• 1D: 3.21%
• 1M: 2.75%
• 6M: 0.43%
• YTD: -3.82%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

SPEDX

• 1D: 2.39%
• 1M: -3.98%
• 6M: 4.32%
• YTD: 2.30%
• 1Y: 2.95%
• 3Y*: 11.83%
• 5Y*: 2.87%
• 10Y*: 8.36%
• ALL TIME*: 6.13%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QLFRX AQR LSE Fusion Fund Class R6	$0.00	$0.00	$0.00
SPEDX Alger Dynamic Opportunities Fund	$0.00	$0.00	$0.00

QLFRX vs. SPEDX - Yearly Performance Comparison

	2026 (YTD)	2025
QLFRX AQR LSE Fusion Fund Class R6	-3.82%	6.80%
SPEDX Alger Dynamic Opportunities Fund	2.30%	-0.31%

Correlation

The correlation between QLFRX and SPEDX is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 6, 2025	0.56

Return for Risk

QLFRX vs. SPEDX — Risk / Return Rank

Compare historical risk-adjusted metric ranks 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.

SPEDX

SPEDX Risk / Return Rank: 7
SPEDX Sharpe Ratio Rank: 7
SPEDX Sortino Ratio Rank: 6
SPEDX Omega Ratio Rank: 6
SPEDX Calmar Ratio Rank: 7
SPEDX Martin Ratio Rank: 7

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QLFRX vs. SPEDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR LSE Fusion Fund Class R6 (QLFRX) and Alger Dynamic Opportunities Fund (SPEDX). 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	SPEDX	Difference
Sharpe ratio: Return per unit of total volatility	—	0.17	—
Sortino ratio: Return per unit of downside risk	—	0.33	—
Omega ratio: Gain probability vs. loss probability	—	1.04	—
Calmar ratio: Return relative to maximum drawdown	—	0.23	—
Martin ratio: Return relative to average drawdown	—	0.58	—

Drawdowns

QLFRX vs. SPEDX - Drawdown Comparison

The maximum QLFRX drawdown since its inception was -14.53%, smaller than the maximum SPEDX drawdown of -29.02%. Use the drawdown chart below to compare losses from any high point for QLFRX and SPEDX.

Drawdown Indicators

	QLFRX	SPEDX	Difference
Max Drawdown Largest peak-to-trough decline	-14.53%	-29.02%	+14.49%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.18%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.23%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.02%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-29.02%	—
Current Drawdown Current decline from peak	-5.01%	-6.78%	+1.77%
Average Drawdown Average peak-to-trough decline	-5.52%	-6.91%	+1.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.63%	—

Volatility

Volatility by Period

	QLFRX	SPEDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.56%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.33%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.25%	12.78%	+4.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.25%	12.17%	+5.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.25%	12.99%	+4.26%

QLFRX vs. SPEDX - Expense Ratio Comparison

QLFRX has a 6.20% expense ratio, which is higher than SPEDX's 0.91% expense ratio.

Dividends

QLFRX vs. SPEDX - Dividend Comparison

QLFRX's dividend yield for the trailing twelve months is around 0.23%, more than SPEDX's 0.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%	0.00%	0.00%
SPEDX Alger Dynamic Opportunities Fund	0.09%	0.09%	0.00%	0.00%	0.00%	5.69%	4.94%	3.75%	1.92%	0.00%	0.32%

Frequently Asked Questions

Can I hold both QLFRX and SPEDX in my portfolio?

QLFRX and SPEDX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.