WALSX vs. QLFIX

Last updated Jun 4, 2026

WALSX (Wasatch Long/Short Alpha Fund) and QLFIX (AQR LSE Fusion Fund Class I) are both Long-Short funds. At a 0.42 correlation, their price movements are largely independent. WALSX charges 1.75%/yr vs 6.30%/yr for QLFIX.

Performance

WALSX vs. QLFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wasatch Long/Short Alpha Fund (WALSX) and AQR LSE Fusion Fund Class I (QLFIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WALSX achieves a 5.30% return, which is significantly higher than QLFIX's 0.50% return.

WALSX

• 1D: 0.86%
• 1M: 0.16%
• YTD: 5.30%
• 6M: 2.38%
• 1Y: -4.23%
• 3Y*: 6.19%
• 5Y*: —
• 10Y*: —

QLFIX

• 1D: -0.25%
• 1M: 6.61%
• YTD: 0.50%
• 6M: 4.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WALSX vs. QLFIX - Yearly Performance Comparison

	2026 (YTD)	2025
WALSX Wasatch Long/Short Alpha Fund	5.30%	0.49%
QLFIX AQR LSE Fusion Fund Class I	0.50%	6.78%

Correlation

The correlation between WALSX and QLFIX is 0.42, 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	0.42

Return for Risk

WALSX vs. QLFIX — Risk / Return Rank

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

WALSX

WALSX Risk / Return Rank: 2
WALSX Sharpe Ratio Rank: 2
WALSX Sortino Ratio Rank: 2
WALSX Omega Ratio Rank: 2
WALSX Calmar Ratio Rank: 2
WALSX Martin Ratio Rank: 2

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.

WALSX vs. QLFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wasatch Long/Short Alpha Fund (WALSX) and AQR LSE Fusion Fund Class I (QLFIX). 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.

	WALSX	QLFIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.18	—	—
Sortino ratio: Return per unit of downside risk	-0.16	—	—
Omega ratio: Gain probability vs. loss probability	0.98	—	—
Calmar ratio: Return relative to maximum drawdown	-0.21	—	—
Martin ratio: Return relative to average drawdown	-0.40	—	—
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

	WALSX	QLFIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.18	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.89	-0.54

Drawdowns

WALSX vs. QLFIX - Drawdown Comparison

The maximum WALSX drawdown since its inception was -25.28%, which is greater than QLFIX's maximum drawdown of -14.53%. Use the drawdown chart below to compare losses from any high point for WALSX and QLFIX.

Drawdown Indicators

	WALSX	QLFIX	Difference
Max Drawdown Largest peak-to-trough decline	-25.28%	-14.53%	-10.75%
Max Drawdown (1Y) Largest decline over 1 year	-13.42%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-25.28%	—	—
Current Drawdown Current decline from peak	-19.15%	-0.74%	-18.41%
Average Drawdown Average peak-to-trough decline	-9.52%	-5.69%	-3.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.12%	—	—

Volatility

Volatility by Period

	WALSX	QLFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.15%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.81%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.83%	15.84%	-0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.37%	15.84%	+0.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.37%	15.84%	+0.53%

WALSX vs. QLFIX - Expense Ratio Comparison

WALSX has a 1.75% expense ratio, which is lower than QLFIX's 6.30% expense ratio.

Dividends

WALSX vs. QLFIX - Dividend Comparison

WALSX has not paid dividends to shareholders, while QLFIX's dividend yield for the trailing twelve months is around 0.21%.

Position	TTM	2025	2024	2023	2022
QLFIX AQR LSE Fusion Fund Class I	0.21%	0.21%	0.00%	0.00%	0.00%
WALSX Wasatch Long/Short Alpha Fund	0.00%	0.00%	0.00%	0.00%	0.09%

Frequently Asked Questions

Can I hold both WALSX and QLFIX in my portfolio?

WALSX and QLFIX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.