QMFRX vs. QMFNX
QMFRX (AQR MS Fusion Fund Class R6) and QMFNX (AQR MS Fusion Fund Class N) 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 3.80%/yr for QMFNX.
Performance
QMFRX vs. QMFNX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with QMFRX having a 11.42% return and QMFNX slightly lower at 11.26%.
QMFRX
- 1D
- 1.35%
- 1M
- 8.31%
- YTD
- 11.42%
- 6M
- 13.44%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QMFNX
- 1D
- 1.35%
- 1M
- 8.33%
- YTD
- 11.26%
- 6M
- 13.26%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QMFRX vs. QMFNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QMFRX AQR MS Fusion Fund Class R6 | 11.42% | 3.55% |
QMFNX AQR MS Fusion Fund Class N | 11.26% | 3.54% |
Correlation
The correlation between QMFRX and QMFNX 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 7, 2025 | 1.00 |
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Return for Risk
QMFRX vs. QMFNX - 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 N (QMFNX). 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.
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Sharpe Ratios by Period
| QMFRX | QMFNX | Difference | |
|---|---|---|---|
Sharpe Ratio (All Time)Calculated using the full available price history | 2.16 | 2.12 | +0.03 |
Drawdowns
QMFRX vs. QMFNX - Drawdown Comparison
The maximum QMFRX drawdown since its inception was -10.27%, roughly equal to the maximum QMFNX drawdown of -10.37%. Use the drawdown chart below to compare losses from any high point for QMFRX and QMFNX.
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Drawdown Indicators
| QMFRX | QMFNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.27% | -10.37% | +0.10% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -2.30% | +0.02% |
Volatility
QMFRX vs. QMFNX - Volatility Comparison
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Volatility by Period
| QMFRX | QMFNX | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 14.36% | 14.41% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.36% | 14.41% | -0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.36% | 14.41% | -0.05% |
QMFRX vs. QMFNX - Expense Ratio Comparison
QMFRX has a 3.45% expense ratio, which is lower than QMFNX's 3.80% expense ratio.
Dividends
QMFRX vs. QMFNX - Dividend Comparison
QMFRX's dividend yield for the trailing twelve months is around 0.43%, more than QMFNX's 0.34% yield.
| Position | TTM | 2025 |
|---|---|---|
QMFNX AQR MS Fusion Fund Class N | 0.34% | 0.37% |
QMFRX AQR MS Fusion Fund Class R6 | 0.43% | 0.47% |
Frequently Asked Questions
With a correlation of 1.00, QMFRX and QMFNX 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.
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