QSPRX vs. QLFNX

Last updated Jun 5, 2026

QSPRX (AQR Style Premia Alternative R6) and QLFNX (AQR LSE Fusion Fund Class N) are both mutual funds - QSPRX is a Multistrategy fund actively managed by AQR, while QLFNX is a Long-Short fund actively managed by AQR. Both are actively managed. At a 0.12 correlation, their price movements are largely independent. QSPRX charges 5.79%/yr vs 6.55%/yr for QLFNX.

Performance

QSPRX vs. QLFNX - Performance Comparison

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

Returns By Period

In the year-to-date period, QSPRX achieves a 13.78% return, which is significantly higher than QLFNX's 0.17% return.

QSPRX

• 1D: 0.81%
• 1M: 2.38%
• YTD: 13.78%
• 6M: 15.35%
• 1Y: 20.12%
• 3Y*: 21.83%
• 5Y*: 19.23%
• 10Y*: 7.60%

QLFNX

• 1D: -0.33%
• 1M: 5.52%
• YTD: 0.17%
• 6M: 3.31%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QSPRX vs. QLFNX - Yearly Performance Comparison

	2026 (YTD)	2025
QSPRX AQR Style Premia Alternative R6	13.78%	-1.19%
QLFNX AQR LSE Fusion Fund Class N	0.17%	6.71%

Correlation

The correlation between QSPRX and QLFNX is 0.12, 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	0.12

Return for Risk

QSPRX vs. QLFNX — Risk / Return Rank

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

QSPRX

QSPRX Risk / Return Rank: 54
QSPRX Sharpe Ratio Rank: 46
QSPRX Sortino Ratio Rank: 50
QSPRX Omega Ratio Rank: 41
QSPRX Calmar Ratio Rank: 82
QSPRX Martin Ratio Rank: 48

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.

QSPRX vs. QLFNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR Style Premia Alternative R6 (QSPRX) and AQR LSE Fusion Fund Class N (QLFNX). 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.

	QSPRX	QLFNX	Difference
Sharpe ratio: Return per unit of total volatility	1.98	—	—
Sortino ratio: Return per unit of downside risk	2.95	—	—
Omega ratio: Gain probability vs. loss probability	1.34	—	—
Calmar ratio: Return relative to maximum drawdown	3.75	—	—
Martin ratio: Return relative to average drawdown	9.93	—	—
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

	QSPRX	QLFNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.98	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.21	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.83	-0.24

Drawdowns

QSPRX vs. QLFNX - Drawdown Comparison

The maximum QSPRX drawdown since its inception was -41.22%, which is greater than QLFNX's maximum drawdown of -14.54%. Use the drawdown chart below to compare losses from any high point for QSPRX and QLFNX.

Drawdown Indicators

	QSPRX	QLFNX	Difference
Max Drawdown Largest peak-to-trough decline	-41.22%	-14.54%	-26.68%
Max Drawdown (1Y) Largest decline over 1 year	-5.06%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-9.25%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.17%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.22%	—	—
Current Drawdown Current decline from peak	0.00%	-1.07%	+1.07%
Average Drawdown Average peak-to-trough decline	-10.08%	-5.67%	-4.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	—	—

Volatility

Volatility by Period

	QSPRX	QLFNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.08%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.18%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.58%	15.88%	-6.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.91%	15.88%	+0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.86%	15.88%	-3.02%

QSPRX vs. QLFNX - Expense Ratio Comparison

QSPRX has a 5.79% expense ratio, which is lower than QLFNX's 6.55% expense ratio.

Dividends

QSPRX vs. QLFNX - Dividend Comparison

QSPRX's dividend yield for the trailing twelve months is around 2.31%, more than QLFNX's 0.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QLFNX AQR LSE Fusion Fund Class N	0.14%	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QSPRX AQR Style Premia Alternative R6	2.31%	2.63%	6.99%	23.75%	22.67%	12.85%	0.00%	1.62%	1.09%	7.15%	1.74%	5.87%

Frequently Asked Questions

Can I hold both QSPRX and QLFNX in my portfolio?

QSPRX and QLFNX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.