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
US00203H4469
00203H446
Jul 15, 2013
$5,000,000
Mid-Cap
Blend
Share Price Chart
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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 28.13% year-to-date (YTD) and 27.55% in the last 12 months. Over the past 10 years, AQR Long-Short Equity Fund had an annualized return of 8.97%, while the S&P 500 had an annualized return of 11.18%, indicating that AQR Long-Short Equity Fund did not perform as well as the benchmark.
QLEIX
28.13%
5.10%
7.03%
27.55%
15.35%
8.97%
^GSPC (Benchmark)
25.15%
2.74%
12.53%
30.93%
13.79%
11.18%
Monthly Returns
The table below presents the monthly returns of QLEIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 5.53% | 1.80% | 6.28% | 1.79% | 4.50% | -1.00% | -0.19% | 0.57% | 0.31% | 0.94% | 28.13% | ||
| 2023 | 3.75% | 2.48% | -2.35% | 1.28% | -1.78% | 5.44% | 3.73% | 2.69% | 4.17% | 1.03% | 3.26% | -1.31% | 24.42% |
| 2022 | 9.50% | 0.96% | -0.15% | 3.61% | 7.10% | -8.02% | -2.52% | -2.74% | -3.65% | 7.66% | 5.57% | -1.99% | 14.64% |
| 2021 | 2.56% | 4.05% | 11.58% | 2.06% | 4.47% | -5.29% | 0.97% | -1.23% | -0.36% | 0.09% | 0.89% | 8.65% | 31.10% |
| 2020 | -1.53% | -7.33% | -8.21% | 1.62% | -3.71% | 2.97% | 0.43% | 2.24% | -1.67% | -3.81% | 3.30% | 0.11% | -15.25% |
| 2019 | 2.83% | 0.27% | 0.27% | -2.38% | -5.34% | 3.25% | 0.46% | -1.01% | 1.21% | 1.75% | 0.54% | -0.36% | 1.19% |
| 2018 | 4.61% | -2.55% | -1.77% | -2.37% | -1.33% | -4.85% | 0.94% | -1.32% | 0.47% | -6.51% | -1.85% | -6.08% | -20.84% |
| 2017 | 0.38% | 2.21% | 0.82% | 1.18% | 0.66% | 0.07% | 2.10% | 2.49% | 1.66% | 2.18% | 0.67% | -4.46% | 10.23% |
| 2016 | -0.33% | -0.66% | 4.08% | -1.52% | 1.30% | -1.04% | 3.24% | -0.08% | 0.94% | 0.47% | 2.09% | 1.07% | 9.83% |
| 2015 | 1.56% | 2.35% | -0.26% | -1.60% | 3.88% | -1.48% | 4.67% | -2.78% | 3.98% | 5.25% | 0.16% | 0.31% | 16.83% |
| 2014 | -3.04% | 3.43% | 1.76% | 0.10% | 2.40% | 0.19% | 1.59% | 1.75% | -0.09% | 2.17% | 2.48% | 1.43% | 14.94% |
| 2013 | 0.60% | -2.88% | 4.50% | 4.31% | 2.82% | -0.71% | 8.72% |
Expense Ratio
QLEIX has a high expense ratio of 1.30%, indicating higher-than-average management fees.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of QLEIX is 94, placing it in the top 6% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
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 provided a 16.23% dividend yield over the last twelve months, with an annual payout of $2.74 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.74 | $2.74 | $1.32 | $0.00 | $0.00 | $0.00 | $0.04 | $0.56 | $0.24 | $0.58 | $0.87 | $0.67 |
Dividend yield | 16.23% | 20.80% | 10.30% | 0.00% | 0.00% | 0.00% | 0.37% | 4.04% | 1.86% | 4.82% | 8.00% | 6.58% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $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 | $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 | $1.32 | $1.32 |
| 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 | $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 | $0.00 | $0.00 |
| 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 | $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 | $0.04 | $0.04 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.56 | $0.56 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.24 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.58 | $0.58 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.87 | $0.87 |
| 2013 | $0.67 | $0.67 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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 42.90%, occurring on Mar 23, 2020. Recovery took 536 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -42.9% | Dec 20, 2017 | 566 | Mar 23, 2020 | 536 | May 6, 2022 | 1102 |
| -17.07% | Jun 8, 2022 | 76 | Sep 26, 2022 | 110 | Mar 6, 2023 | 186 |
| -6.98% | Aug 20, 2015 | 3 | Aug 24, 2015 | 35 | Oct 13, 2015 | 38 |
| -6.94% | Mar 7, 2023 | 14 | Mar 24, 2023 | 57 | Jun 15, 2023 | 71 |
| -6.16% | Dec 8, 2015 | 46 | Feb 12, 2016 | 22 | Mar 16, 2016 | 68 |
Volatility
Volatility Chart
The current AQR Long-Short Equity Fund volatility is 2.10%, 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.