QMFIX vs. QCFIX

Last updated Jun 4, 2026

QMFIX (AQR MS Fusion Fund Class I) and QCFIX (AQR CVX Fusion Fund Class I) are both mutual funds - QMFIX is a Multistrategy fund actively managed by AQR, while QCFIX is a Systematic Trend fund actively managed by AQR. Both are actively managed. Their correlation of 0.85 suggests significant overlap in exposure. QMFIX charges 3.55%/yr vs 2.17%/yr for QCFIX.

Performance

QMFIX vs. QCFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR MS Fusion Fund Class I (QMFIX) and AQR CVX Fusion Fund Class I (QCFIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QMFIX achieves a 11.51% return, which is significantly lower than QCFIX's 18.65% return.

QMFIX

• 1D: 0.16%
• 1M: 8.39%
• YTD: 11.51%
• 6M: 13.71%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QCFIX

• 1D: 0.69%
• 1M: 6.12%
• YTD: 18.65%
• 6M: 19.29%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QMFIX vs. QCFIX - Yearly Performance Comparison

	2026 (YTD)	2025
QMFIX AQR MS Fusion Fund Class I	11.51%	3.63%
QCFIX AQR CVX Fusion Fund Class I	18.65%	2.00%

Correlation

The correlation between QMFIX and QCFIX is 0.85, 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	0.85

Return for Risk

QMFIX vs. QCFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR MS Fusion Fund Class I (QMFIX) and AQR CVX Fusion Fund Class I (QCFIX). 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

	QMFIX	QCFIX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.17	2.94	-0.77

Drawdowns

QMFIX vs. QCFIX - Drawdown Comparison

The maximum QMFIX drawdown since its inception was -10.27%, which is greater than QCFIX's maximum drawdown of -7.93%. Use the drawdown chart below to compare losses from any high point for QMFIX and QCFIX.

Drawdown Indicators

	QMFIX	QCFIX	Difference
Max Drawdown Largest peak-to-trough decline	-10.27%	-7.93%	-2.34%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.25%	-1.58%	-0.67%

Volatility

Volatility by Period

	QMFIX	QCFIX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	14.32%	14.59%	-0.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.32%	14.59%	-0.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.32%	14.59%	-0.27%

QMFIX vs. QCFIX - Expense Ratio Comparison

QMFIX has a 3.55% expense ratio, which is higher than QCFIX's 2.17% expense ratio.

Dividends

QMFIX vs. QCFIX - Dividend Comparison

QMFIX's dividend yield for the trailing twelve months is around 0.41%, less than QCFIX's 6.59% yield.

Position	TTM	2025
QCFIX AQR CVX Fusion Fund Class I	6.59%	7.82%
QMFIX AQR MS Fusion Fund Class I	0.41%	0.46%

Frequently Asked Questions

Can I hold both QMFIX and QCFIX in my portfolio?

QMFIX and QCFIX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.