QMFRX vs. QHFIX

Last updated Apr 2, 2026

Compare and contrast key facts about AQR MS Fusion Fund Class R6 (QMFRX) and AQR MS Fusion HV Fund Fund Class I (QHFIX).

QMFRX is an actively managed fund by AQR. It was launched on Jun 25, 2025. QHFIX is an actively managed fund by AQR. It was launched on Jun 25, 2025.

Performance

QMFRX vs. QHFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR MS Fusion Fund Class R6 (QMFRX) and AQR MS Fusion HV Fund Fund Class I (QHFIX). The values are adjusted to include any dividend payments, if applicable.

QMFRX vs. QHFIX - Yearly Performance Comparison

	2026 (YTD)	2025
QMFRX AQR MS Fusion Fund Class R6	-6.36%	3.55%
QHFIX AQR MS Fusion HV Fund Fund Class I	-10.57%	4.97%

Returns By Period

In the year-to-date period, QMFRX achieves a -6.36% return, which is significantly higher than QHFIX's -10.57% return.

QMFRX

• 1D: 2.38%
• 1M: -6.04%
• YTD: -6.36%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QHFIX

• 1D: 1.73%
• 1M: -7.11%
• YTD: -10.57%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QMFRX vs. QHFIX - Expense Ratio Comparison

QMFRX has a 3.45% expense ratio, which is lower than QHFIX's 6.69% expense ratio.

QHFIX

AQR MS Fusion HV Fund Fund Class I

QMFRX

AQR MS Fusion Fund Class R6

Return for Risk

QMFRX vs. QHFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR MS Fusion Fund Class R6 (QMFRX) and AQR MS Fusion HV Fund Fund Class I (QHFIX). 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

	QMFRX	QHFIX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.54	-0.91	+0.37

Correlation

The correlation between QMFRX and QHFIX is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

QMFRX vs. QHFIX - Dividend Comparison

QMFRX's dividend yield for the trailing twelve months is around 0.51%, while QHFIX has not paid dividends to shareholders.

	TTM	2025
QMFRX AQR MS Fusion Fund Class R6	0.51%	0.47%
QHFIX AQR MS Fusion HV Fund Fund Class I	0.00%	0.00%

Drawdowns

QMFRX vs. QHFIX - Drawdown Comparison

The maximum QMFRX drawdown since its inception was -10.27%, smaller than the maximum QHFIX drawdown of -13.85%. Use the drawdown chart below to compare losses from any high point for QMFRX and QHFIX.

Drawdown Indicators

	QMFRX	QHFIX	Difference
Max Drawdown Largest peak-to-trough decline	-10.27%	-13.85%	+3.58%
Current Drawdown Current decline from peak	-8.13%	-12.27%	+4.14%
Average Drawdown Average peak-to-trough decline	-2.45%	-4.37%	+1.92%

Volatility

Volatility by Period

	QMFRX	QHFIX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	15.03%	16.50%	-1.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.03%	16.50%	-1.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.03%	16.50%	-1.47%