QRPRX vs. QCFIX

Last updated Jun 3, 2026

QRPRX (AQR Alternative Risk Premia R6) and QCFIX (AQR CVX Fusion Fund Class I) are both mutual funds - QRPRX is a Multistrategy fund actively managed by AQR, while QCFIX is a Systematic Trend fund actively managed by AQR. Both are actively managed. At a 0.45 correlation, their price movements are largely independent. QRPRX charges 4.94%/yr vs 2.17%/yr for QCFIX.

Performance

QRPRX vs. QCFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR Alternative Risk Premia R6 (QRPRX) 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, QRPRX achieves a 19.20% return, which is significantly higher than QCFIX's 17.84% return.

QRPRX

• 1D: 1.73%
• 1M: 4.44%
• YTD: 19.20%
• 6M: 20.34%
• 1Y: 36.24%
• 3Y*: 23.88%
• 5Y*: 19.89%
• 10Y*: —

QCFIX

• 1D: 1.00%
• 1M: 5.14%
• YTD: 17.84%
• 6M: 18.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QRPRX vs. QCFIX - Yearly Performance Comparison

	2026 (YTD)	2025
QRPRX AQR Alternative Risk Premia R6	19.20%	0.38%
QCFIX AQR CVX Fusion Fund Class I	17.84%	2.00%

Correlation

The correlation between QRPRX and QCFIX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 7, 2025	0.45

Return for Risk

QRPRX vs. QCFIX — Risk / Return Rank

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

QRPRX

QRPRX Risk / Return Rank: 97
QRPRX Sharpe Ratio Rank: 98
QRPRX Sortino Ratio Rank: 97
QRPRX Omega Ratio Rank: 94
QRPRX Calmar Ratio Rank: 99
QRPRX Martin Ratio Rank: 98

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.

QRPRX vs. QCFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR Alternative Risk Premia R6 (QRPRX) 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.

	QRPRX	QCFIX	Difference
Sharpe ratio Return per unit of total volatility	4.07	—	—
Sortino ratio Return per unit of downside risk	5.91	—	—
Omega ratio Gain probability vs. loss probability	1.75	—	—
Calmar ratio Return relative to maximum drawdown	10.63	—	—
Martin ratio Return relative to average drawdown	31.09	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	QRPRX	QCFIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.07	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.69	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	2.84	-1.98

Drawdowns

QRPRX vs. QCFIX - Drawdown Comparison

The maximum QRPRX drawdown since its inception was -28.21%, which is greater than QCFIX's maximum drawdown of -7.93%. Use the drawdown chart below to compare losses from any high point for QRPRX and QCFIX.

Drawdown Indicators

	QRPRX	QCFIX	Difference
Max Drawdown Largest peak-to-trough decline	-28.21%	-7.93%	-20.28%
Max Drawdown (1Y) Largest decline over 1 year	-3.46%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-11.24%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-11.24%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.53%	-1.59%	-5.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.18%	—	—

Volatility

Volatility by Period

	QRPRX	QCFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.80%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.75%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.22%	14.63%	-5.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.83%	14.63%	-2.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.38%	14.63%	-4.25%

QRPRX vs. QCFIX - Expense Ratio Comparison

QRPRX has a 4.94% expense ratio, which is higher than QCFIX's 2.17% expense ratio.

Dividends

QRPRX vs. QCFIX - Dividend Comparison

QRPRX's dividend yield for the trailing twelve months is around 1.26%, less than QCFIX's 6.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
QCFIX AQR CVX Fusion Fund Class I	6.64%	7.82%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QRPRX AQR Alternative Risk Premia R6	1.26%	1.51%	2.33%	4.60%	0.00%	4.16%	1.97%	1.00%	0.09%

Frequently Asked Questions

Can I hold both QRPRX and QCFIX in my portfolio?

QRPRX and QCFIX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.