QRPRX vs. QCFNX

Last updated Jun 4, 2026

QRPRX (AQR Alternative Risk Premia R6) and QCFNX (AQR CVX Fusion Fund Class N) are both mutual funds - QRPRX is a Multistrategy fund actively managed by AQR, while QCFNX is a Systematic Trend fund actively managed by AQR. Both are actively managed. At a 0.44 correlation, their price movements are largely independent. QRPRX charges 4.94%/yr vs 2.42%/yr for QCFNX.

Performance

QRPRX vs. QCFNX - 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 N (QCFNX). 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 QRPRX having a 18.99% return and QCFNX slightly lower at 18.49%.

QRPRX

• 1D: -0.18%
• 1M: 3.27%
• YTD: 18.99%
• 6M: 21.26%
• 1Y: 35.44%
• 3Y*: 23.80%
• 5Y*: 19.65%
• 10Y*: —

QCFNX

• 1D: 0.69%
• 1M: 6.14%
• YTD: 18.49%
• 6M: 19.11%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QRPRX vs. QCFNX - Yearly Performance Comparison

	2026 (YTD)	2025
QRPRX AQR Alternative Risk Premia R6	18.99%	0.38%
QCFNX AQR CVX Fusion Fund Class N	18.49%	1.98%

Correlation

The correlation between QRPRX and QCFNX is 0.44, 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	0.44

Return for Risk

QRPRX vs. QCFNX — 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: 93
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. QCFNX - 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 N (QCFNX). 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	QCFNX	Difference
Sharpe ratio Return per unit of total volatility	3.94	—	—
Sortino ratio Return per unit of downside risk	5.74	—	—
Omega ratio Gain probability vs. loss probability	1.72	—	—
Calmar ratio Return relative to maximum drawdown	10.44	—	—
Martin ratio Return relative to average drawdown	30.49	—	—
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	QCFNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.94	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.67	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	2.91	-2.05

Drawdowns

QRPRX vs. QCFNX - Drawdown Comparison

The maximum QRPRX drawdown since its inception was -28.21%, which is greater than QCFNX's maximum drawdown of -8.02%. Use the drawdown chart below to compare losses from any high point for QRPRX and QCFNX.

Drawdown Indicators

	QRPRX	QCFNX	Difference
Max Drawdown Largest peak-to-trough decline	-28.21%	-8.02%	-20.19%
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	-0.18%	0.00%	-0.18%
Average Drawdown Average peak-to-trough decline	-7.53%	-1.60%	-5.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.18%	—	—

Volatility

Volatility by Period

	QRPRX	QCFNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.83%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.75%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.21%	14.62%	-5.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.82%	14.62%	-2.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.37%	14.62%	-4.25%

QRPRX vs. QCFNX - Expense Ratio Comparison

QRPRX has a 4.94% expense ratio, which is higher than QCFNX's 2.42% expense ratio.

Dividends

QRPRX vs. QCFNX - Dividend Comparison

QRPRX's dividend yield for the trailing twelve months is around 1.27%, less than QCFNX's 6.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
QCFNX AQR CVX Fusion Fund Class N	6.52%	7.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QRPRX AQR Alternative Risk Premia R6	1.27%	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 QCFNX in my portfolio?

QRPRX and QCFNX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.