QSPNX vs. QCFRX

Last updated Apr 2, 2026

Compare and contrast key facts about AQR Style Premia Alternative Fund Class N (QSPNX) and AQR CVX Fusion Fund Class R6 (QCFRX).

QSPNX is an actively managed fund by AQR. It was launched on Oct 30, 2013. QCFRX is an actively managed fund by AQR. It was launched on Jun 18, 2025.

Performance

QSPNX vs. QCFRX - Performance Comparison

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

QSPNX vs. QCFRX - Yearly Performance Comparison

	2026 (YTD)	2025
QSPNX AQR Style Premia Alternative Fund Class N	9.85%	-1.40%
QCFRX AQR CVX Fusion Fund Class R6	0.90%	2.02%

Returns By Period

In the year-to-date period, QSPNX achieves a 9.85% return, which is significantly higher than QCFRX's 0.90% return.

QSPNX

• 1D: -0.11%
• 1M: 3.08%
• YTD: 9.85%
• 6M: 12.90%
• 1Y: 12.64%
• 3Y*: 19.61%
• 5Y*: 18.57%
• 10Y*: 6.77%

QCFRX

• 1D: 2.66%
• 1M: -4.11%
• YTD: 0.90%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QSPNX vs. QCFRX - Expense Ratio Comparison

QSPNX has a 6.14% expense ratio, which is higher than QCFRX's 2.07% expense ratio.

QSPNX

AQR Style Premia Alternative Fund Class N

QCFRX

AQR CVX Fusion Fund Class R6

Return for Risk

QSPNX vs. QCFRX — Risk / Return Rank

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

QSPNX

QSPNX Risk / Return Rank: 57
QSPNX Sharpe Ratio Rank: 68
QSPNX Sortino Ratio Rank: 64
QSPNX Omega Ratio Rank: 55
QSPNX Calmar Ratio Rank: 59
QSPNX Martin Ratio Rank: 40

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.

QSPNX vs. QCFRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR Style Premia Alternative Fund Class N (QSPNX) 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.

	QSPNX	QCFRX	Difference
Sharpe ratio Return per unit of total volatility	1.35	—	—
Sortino ratio Return per unit of downside risk	1.85	—	—
Omega ratio Gain probability vs. loss probability	1.25	—	—
Calmar ratio Return relative to maximum drawdown	1.68	—	—
Martin ratio Return relative to average drawdown	5.06	—	—
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

	QSPNX	QCFRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.35	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.17	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.51	+0.08

Correlation

The correlation between QSPNX and QCFRX is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

QSPNX vs. QCFRX - Dividend Comparison

QSPNX's dividend yield for the trailing twelve months is around 2.18%, less than QCFRX's 7.77% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QSPNX AQR Style Premia Alternative Fund Class N	2.18%	2.39%	6.80%	23.73%	22.62%	12.61%	0.00%	1.63%	0.51%	6.81%	1.75%	5.68%
QCFRX AQR CVX Fusion Fund Class R6	7.77%	7.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

QSPNX vs. QCFRX - Drawdown Comparison

The maximum QSPNX drawdown since its inception was -41.79%, which is greater than QCFRX's maximum drawdown of -8.00%. Use the drawdown chart below to compare losses from any high point for QSPNX and QCFRX.

Drawdown Indicators

	QSPNX	QCFRX	Difference
Max Drawdown Largest peak-to-trough decline	-41.79%	-8.00%	-33.79%
Max Drawdown (1Y) Largest decline over 1 year	-7.78%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.17%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.79%	—	—
Current Drawdown Current decline from peak	-0.21%	-5.56%	+5.35%
Average Drawdown Average peak-to-trough decline	-9.72%	-1.95%	-7.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	—	—

Volatility

Volatility by Period

	QSPNX	QCFRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.64%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.59%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.11%	16.37%	-6.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.93%	16.37%	-0.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.76%	16.37%	-3.61%