QSPNX vs. QLFRX

Last updated Jun 5, 2026

QSPNX (AQR Style Premia Alternative Fund Class N) and QLFRX (AQR LSE Fusion Fund Class R6) are both mutual funds - QSPNX is a Multistrategy fund actively managed by AQR, while QLFRX is a Long-Short fund actively managed by AQR. Both are actively managed. At a 0.11 correlation, their price movements are largely independent. QSPNX charges 6.14%/yr vs 6.20%/yr for QLFRX.

Performance

QSPNX vs. QLFRX - 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 LSE Fusion Fund Class R6 (QLFRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QSPNX achieves a 13.60% return, which is significantly higher than QLFRX's 0.25% return.

QSPNX

• 1D: 0.73%
• 1M: 2.22%
• YTD: 13.60%
• 6M: 15.00%
• 1Y: 19.57%
• 3Y*: 21.40%
• 5Y*: 18.80%
• 10Y*: 7.22%

QLFRX

• 1D: -0.33%
• 1M: 5.51%
• YTD: 0.25%
• 6M: 3.40%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QSPNX vs. QLFRX - Yearly Performance Comparison

	2026 (YTD)	2025
QSPNX AQR Style Premia Alternative Fund Class N	13.60%	-1.40%
QLFRX AQR LSE Fusion Fund Class R6	0.25%	6.80%

Correlation

The correlation between QSPNX and QLFRX is 0.11, 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	0.11

Return for Risk

QSPNX vs. QLFRX — Risk / Return Rank

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

QSPNX

QSPNX Risk / Return Rank: 52
QSPNX Sharpe Ratio Rank: 44
QSPNX Sortino Ratio Rank: 48
QSPNX Omega Ratio Rank: 39
QSPNX Calmar Ratio Rank: 81
QSPNX Martin Ratio Rank: 47

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. QLFRX - 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 LSE Fusion Fund Class R6 (QLFRX). 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	QLFRX	Difference
Sharpe ratio: Return per unit of total volatility	1.92	—	—
Sortino ratio: Return per unit of downside risk	2.88	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	3.66	—	—
Martin ratio: Return relative to average drawdown	9.70	—	—
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	QLFRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.92	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.19	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.85	-0.25

Drawdowns

QSPNX vs. QLFRX - Drawdown Comparison

The maximum QSPNX drawdown since its inception was -41.79%, which is greater than QLFRX's maximum drawdown of -14.53%. Use the drawdown chart below to compare losses from any high point for QSPNX and QLFRX.

Drawdown Indicators

	QSPNX	QLFRX	Difference
Max Drawdown Largest peak-to-trough decline	-41.79%	-14.53%	-27.26%
Max Drawdown (1Y) Largest decline over 1 year	-5.05%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-9.31%	—	—
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	0.00%	-0.99%	+0.99%
Average Drawdown Average peak-to-trough decline	-9.60%	-5.64%	-3.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	—	—

Volatility

Volatility by Period

	QSPNX	QLFRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.07%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.23%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.63%	15.84%	-6.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.85%	15.84%	+0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.82%	15.84%	-3.02%

QSPNX vs. QLFRX - Expense Ratio Comparison

QSPNX has a 6.14% expense ratio, which is lower than QLFRX's 6.20% expense ratio.

Dividends

QSPNX vs. QLFRX - Dividend Comparison

QSPNX's dividend yield for the trailing twelve months is around 2.10%, more than QLFRX's 0.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QLFRX AQR LSE Fusion Fund Class R6	0.22%	0.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QSPNX AQR Style Premia Alternative Fund Class N	2.10%	2.39%	6.80%	23.73%	22.62%	12.61%	0.00%	1.63%	0.51%	6.81%	1.75%	5.68%

Frequently Asked Questions

Can I hold both QSPNX and QLFRX in my portfolio?

QSPNX and QLFRX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.