QNZNX vs. QCFRX

Last updated Jun 26, 2026

QNZNX (AQR Trend Total Return Fund) and QCFRX (AQR CVX Fusion Fund Class R6) are both Systematic Trend funds. Both are actively managed. Their correlation of 0.80 suggests significant overlap in exposure. QNZNX charges 1.52%/yr vs 2.07%/yr for QCFRX.

Performance

QNZNX vs. QCFRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR Trend Total Return Fund (QNZNX) and AQR CVX Fusion Fund Class R6 (QCFRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with QNZNX having a 11.60% return and QCFRX slightly higher at 11.70%.

QNZNX

• 1D: -1.43%
• 1M: -4.08%
• YTD: 11.60%
• 6M: 11.33%
• 1Y: 30.59%
• 3Y*: 28.61%
• 5Y*: —
• 10Y*: —

QCFRX

• 1D: -1.12%
• 1M: -4.10%
• YTD: 11.70%
• 6M: 11.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QNZNX vs. QCFRX - Yearly Performance Comparison

	2026 (YTD)	2025
QNZNX AQR Trend Total Return Fund	11.60%	2.48%
QCFRX AQR CVX Fusion Fund Class R6	11.70%	2.02%

Correlation

The correlation between QNZNX and QCFRX is 0.80, 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 6, 2025	0.80

Return for Risk

QNZNX vs. QCFRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QNZNX

QNZNX Risk / Return Rank: 91
QNZNX Sharpe Ratio Rank: 94
QNZNX Sortino Ratio Rank: 86
QNZNX Omega Ratio Rank: 85
QNZNX Calmar Ratio Rank: 96
QNZNX Martin Ratio Rank: 97

QCFRX

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QNZNX vs. QCFRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR Trend Total Return Fund (QNZNX) and AQR CVX Fusion Fund Class R6 (QCFRX). 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.

	QNZNX	QCFRX	Difference
Sharpe ratio: Return per unit of total volatility	2.79	—	—
Sortino ratio: Return per unit of downside risk	3.59	—	—
Omega ratio: Gain probability vs. loss probability	1.49	—	—
Calmar ratio: Return relative to maximum drawdown	5.33	—	—
Martin ratio: Return relative to average drawdown	21.75	—	—

Drawdowns

QNZNX vs. QCFRX - Drawdown Comparison

The maximum QNZNX drawdown since its inception was -18.38%, which is greater than QCFRX's maximum drawdown of -8.00%. Use the drawdown chart below to compare losses from any high point for QNZNX and QCFRX.

Drawdown Indicators

	QNZNX	QCFRX	Difference
Max Drawdown Largest peak-to-trough decline	-18.38%	-8.00%	-10.38%
Max Drawdown (1Y) Largest decline over 1 year	-5.89%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.48%	—	—
Current Drawdown Current decline from peak	-5.89%	-5.84%	-0.05%
Average Drawdown Average peak-to-trough decline	-2.78%	-1.73%	-1.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.44%	—	—

Volatility

Volatility by Period

	QNZNX	QCFRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.07%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.85%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.27%	15.21%	-3.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.11%	15.21%	-3.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.11%	15.21%	-3.10%

QNZNX vs. QCFRX - Expense Ratio Comparison

QNZNX has a 1.52% expense ratio, which is lower than QCFRX's 2.07% expense ratio.

Dividends

QNZNX vs. QCFRX - Dividend Comparison

QNZNX's dividend yield for the trailing twelve months is around 0.77%, less than QCFRX's 7.02% yield.

Position	TTM	2025	2024	2023	2022
QCFRX AQR CVX Fusion Fund Class R6	7.02%	7.84%	0.00%	0.00%	0.00%
QNZNX AQR Trend Total Return Fund	0.77%	0.86%	16.46%	23.14%	2.04%

Frequently Asked Questions

Can I hold both QNZNX and QCFRX in my portfolio?

QNZNX and QCFRX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.