AQR Long-Short Equity Fund (QLEIX)
Under normal market conditions, the fund pursues its investment objective by investing at least 80% of its net assets (including borrowings for investment purposes) in equity instruments and equity related and/or derivative instruments. Equity related and/or derivative instruments are investments that provide exposure to the performance of equity instruments, including equity swaps (both single-name and index swaps), equity index futures and exchange-traded-funds and similar pooled investment vehicles (collectively, "Equity Derivative Instruments" and together with Equity Instruments, "Instruments").
Fund Info
| ISIN | US00203H4469 |
|---|---|
| CUSIP | 00203H446 |
| Issuer | AQR Funds |
| Inception Date | Jul 15, 2013 |
| Category | Long-Short |
| Min. Investment | $5,000,000 |
| Asset Class | Equity |
Asset Class Size | Mid-Cap |
Asset Class Style | Blend |
Expense Ratio
The AQR Long-Short Equity Fund has a high expense ratio of 1.30%, indicating higher-than-average management fees.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in AQR Long-Short Equity Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
AQR Long-Short Equity Fund had a return of 14.84% year-to-date (YTD) and 34.46% in the last 12 months. Over the past 10 years, AQR Long-Short Equity Fund had an annualized return of 9.92%, while the S&P 500 had an annualized return of 10.50%, indicating that AQR Long-Short Equity Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 14.84% | 5.90% |
| 1 month | 3.00% | -1.28% |
| 6 months | 17.10% | 15.51% |
| 1 year | 34.46% | 21.68% |
| 5 years (annualized) | 14.14% | 11.74% |
| 10 years (annualized) | 9.92% | 10.50% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 5.94% | 1.80% | 6.28% | |||||||||
| 2023 | 4.17% | 1.03% | 3.26% | -1.69% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
AQR Long-Short Equity Fund(QLEIX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for AQR Long-Short Equity Fund (QLEIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
AQR Long-Short Equity Fund granted a 18.18% dividend yield in the last twelve months. The annual payout for that period amounted to $2.74 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.74 | $2.74 | $1.81 | $0.00 | $0.15 | $0.00 | $0.66 | $1.27 | $0.39 | $0.60 | $0.10 | $0.90 |
Dividend yield | 18.18% | 20.87% | 14.15% | 0.00% | 1.57% | 0.00% | 6.03% | 9.11% | 3.01% | 4.98% | 0.89% | 8.81% |
Monthly Dividends
The table displays the monthly dividend distributions for AQR Long-Short Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | |||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.74 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.81 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.66 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.27 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.60 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 |
| 2013 | $0.90 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the AQR Long-Short Equity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the AQR Long-Short Equity Fund was 39.20%, occurring on Mar 23, 2020. Recovery took 459 trading sessions.
The current AQR Long-Short Equity Fund drawdown is 5.51%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -39.2% | Jan 29, 2018 | 541 | Mar 23, 2020 | 459 | Jan 14, 2022 | 1000 |
| -17.72% | Dec 15, 2023 | 9 | Dec 28, 2023 | — | — | — |
| -17.07% | Jun 8, 2022 | 76 | Sep 26, 2022 | 94 | Feb 9, 2023 | 170 |
| -8.77% | Dec 8, 2014 | 20 | Jan 6, 2015 | 131 | Jul 15, 2015 | 151 |
| -6.98% | Aug 10, 2015 | 11 | Aug 24, 2015 | 35 | Oct 13, 2015 | 46 |
Volatility
Volatility Chart
The current AQR Long-Short Equity Fund volatility is 2.30%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.