QMFRX vs. QMFIX

Last updated Jun 23, 2026

QMFRX (AQR MS Fusion Fund Class R6) and QMFIX (AQR MS Fusion Fund Class I) are both Multistrategy funds from AQR. Both are actively managed. With a 1.00 correlation, they move nearly in lockstep. QMFRX charges 3.45%/yr vs 3.55%/yr for QMFIX.

Performance

QMFRX vs. QMFIX - 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 Fund Class I (QMFIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with QMFRX having a 8.37% return and QMFIX slightly lower at 8.28%.

QMFRX

• 1D: 0.73%
• 1M: 0.57%
• YTD: 8.37%
• 6M: 7.90%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QMFIX

• 1D: 0.73%
• 1M: 0.57%
• YTD: 8.28%
• 6M: 7.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QMFRX vs. QMFIX - Yearly Performance Comparison

	2026 (YTD)	2025
QMFRX AQR MS Fusion Fund Class R6	8.37%	3.55%
QMFIX AQR MS Fusion Fund Class I	8.28%	3.63%

Correlation

The correlation between QMFRX and QMFIX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 6, 2025	1.00

Return for Risk

QMFRX vs. QMFIX - 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 Fund Class I (QMFIX). 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.

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

Drawdowns

QMFRX vs. QMFIX - Drawdown Comparison

The maximum QMFRX drawdown since its inception was -10.27%, roughly equal to the maximum QMFIX drawdown of -10.27%. Use the drawdown chart below to compare losses from any high point for QMFRX and QMFIX.

Drawdown Indicators

	QMFRX	QMFIX	Difference
Max Drawdown Largest peak-to-trough decline	-10.27%	-10.27%	0.00%
Current Drawdown Current decline from peak	-2.97%	-2.89%	-0.08%
Average Drawdown Average peak-to-trough decline	-2.29%	-2.28%	-0.01%

Volatility

Volatility by Period

	QMFRX	QMFIX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	14.96%	14.95%	+0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.96%	14.95%	+0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.96%	14.95%	+0.01%

QMFRX vs. QMFIX - Expense Ratio Comparison

QMFRX has a 3.45% expense ratio, which is lower than QMFIX's 3.55% expense ratio.

Dividends

QMFRX vs. QMFIX - Dividend Comparison

QMFRX's dividend yield for the trailing twelve months is around 0.44%, more than QMFIX's 0.42% yield.

Position	TTM	2025
QMFIX AQR MS Fusion Fund Class I	0.42%	0.46%
QMFRX AQR MS Fusion Fund Class R6	0.44%	0.47%

Frequently Asked Questions

Can I hold both QMFRX and QMFIX in my portfolio?

With a correlation of 1.00, QMFRX and QMFIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.