AQR Long-Short Equity Fund (QLEIX) belongs to the Long-Short category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with QLEIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to QLEIX
QLEIX charges 1.30% annually. There are 11 mutual funds in the Long-Short category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parvin Hedged Equity Solari World Fund | 0.01% | — | Jan 2021 | QLEIX vs PHSWX | |
| MFS Managed Wealth Fund | 0.67% | — | Jun 2014 | QLEIX vs MNWIX | |
| WisdomTree Efficient Long/Short US Equity Fund | 0.88% | 12.07M | Jan 2026 | QLEIX vs WTLS | |
| Alger Dynamic Opportunities Fund | 0.91% | — | Nov 2009 | QLEIX vs SPEDX | |
| Salient Tactical Plus Fund | 1.08% | — | Dec 2012 | QLEIX vs BTPIX |
Best Risk-Adjusted Alternatives to QLEIX
QLEIX has a PortfoliosLab risk / return rank of 77. There are 14 mutual funds in the Long-Short category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Boston Partners Long/Short Equity Fund | 98 | — | Nov 1998 | QLEIX vs BPLEX | |
| Vanguard Market Neutral Fund Institutional Shares | 97 | — | Oct 1998 | QLEIX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 97 | 601.30M | Nov 1998 | QLEIX vs VMNFX | |
| Quantitative U.S. Long/Short Equity Portfolio | 95 | — | Sep 2006 | QLEIX vs GTAPX | |
| Knights of Columbus Long/Short Equity Fund | 95 | — | Dec 2019 | QLEIX vs KCEIX |
Top Performing QLEIX Alternatives (YTD)
QLEIX is at 0.95% YTD. There are 40 mutual funds in the Long-Short category with higher YTD returns, going as high as 21.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Boston Partners Long/Short Equity Fund | 21.35% | — | Nov 1998 | QLEIX vs BPLEX | |
| Vanguard Market Neutral Fund Institutional Shares | 16.18% | — | Oct 1998 | QLEIX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 16.18% | 601.30M | Nov 1998 | QLEIX vs VMNFX | |
| Guggenheim Alpha Opportunity Fund | 15.92% | — | Jul 2003 | QLEIX vs SAOAX | |
| Wasatch Long/Short Alpha Fund | 13.20% | — | Sep 2021 | QLEIX vs WALSX |
Lowest Volatility Alternatives to QLEIX
QLEIX has 8.13% 1-year volatility. There are 13 mutual funds in the Long-Short category with lower 1-year volatility, going as low as 5.67%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Neuberger Berman Long Short Fund | 5.67% | — | Dec 2011 | QLEIX vs NLSIX | |
| AB Select US Long/Short Portfolio | 5.75% | — | Dec 2012 | QLEIX vs ASILX | |
| MFS Managed Wealth Fund | 6.03% | — | Jun 2014 | QLEIX vs MNWIX | |
| Wilmington Global Alpha Equities Fund | 6.25% | — | Jan 2012 | QLEIX vs WRAIX | |
| Knights of Columbus Long/Short Equity Fund | 6.51% | — | Dec 2019 | QLEIX vs KCEIX |
Lowest Drawdown Alternatives to QLEIX
QLEIX has a 1-year max drawdown of -6.01%. There are 18 mutual funds in the Long-Short category with shallower 1-year drawdowns, going as shallow as -2.82%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Knights of Columbus Long/Short Equity Fund | -2.82% | — | Dec 2019 | QLEIX vs KCEIX | |
| Quantitative U.S. Long/Short Equity Portfolio | -3.01% | — | Sep 2006 | QLEIX vs GTAPX | |
| AB Select US Long/Short Portfolio | -3.61% | — | Dec 2012 | QLEIX vs ASILX | |
| Gotham Absolute Return Fund | -3.85% | — | Aug 2012 | QLEIX vs GARIX | |
| Persimmon Long/Short Fund | -3.90% | — | Dec 2012 | QLEIX vs LSEIX |
Other Mutual Funds from AQR
The 10 most viewed AQR mutual funds shown here include QLENX, QMNNX, AQMIX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| AQR Long-Short Equity Fund Class N | Long-Short, Actively Managed | 74 | 0.78% | — | Jul 2013 | QLEIX vs QLENX | |
| AQR Equity Market Neutral Fund Class N | Equity Market Neutral | 15 | -5.98% | — | Oct 2014 | QLEIX vs QMNNX | |
| AQR Managed Futures Strategy Fund - Class I | Systematic Trend | 90 | 10.55% | — | Jan 2010 | QLEIX vs AQMIX | |
| AQR Style Premia Alternative Fund - Class I | Multistrategy | 89 | 18.03% | — | Oct 2013 | QLEIX vs QSPIX | |
| AQR Diversifying Strategies Fund - Class I | Multistrategy | 93 | 5.71% | — | Jun 2020 | QLEIX vs QDSIX | |
| AQR Alternative Risk Premia Fund - Class I | Multistrategy | 98 | 22.71% | — | Sep 2017 | QLEIX vs QRPIX | |
| AQR Managed Futures Strategy HV Fund | Systematic Trend | 81 | 12.79% | — | Jul 2013 | QLEIX vs QMHIX | |
| AQR Trend Total Return Fund | Systematic Trend | 91 | 13.60% | — | Dec 2021 | QLEIX vs QNZNX | |
| AQR Multi-Asset Fund | Tactical Allocation | 72 | 8.79% | — | Sep 2010 | QLEIX vs AQRIX | |
| AQR Alternative Risk Premia Fund Class N | Multistrategy | 98 | 22.58% | — | Sep 2017 | QLEIX vs QRPNX |
Often Compared With QLEIX
Investors most often compare QLEIX with SPY, VOO, WFIVX. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare QLEIX with Any Fund or Stock
Compare QLEIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair QLEIX with funds that move differently
AQR Long-Short Equity Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QLEIX.
Explore QLEIX Diversifiers