AQR Long-Short Equity N (QLENX)
The Fund seeks capital appreciation through a systematic process that involves going long on stocks expected to outperform and shorting those anticipated to underperform, with moderate market exposure. It aims to achieve market-like returns with reduced risk by leveraging AQR's proprietary quantitative models across global companies, utilizing hundreds of investment signals for security selection and employing downside risk management through its short positions.
Fund Info
US00203H4386
00203H438
Jul 16, 2013
$1,000,000
No Index (Active)
Mid-Cap
Blend
Expense Ratio
QLENX has a high expense ratio of 5.18%, indicating higher-than-average management fees.
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 N, 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 N had a return of 7.18% year-to-date (YTD) and 29.72% in the last 12 months. Over the past 10 years, AQR Long-Short Equity N had an annualized return of 10.77%, which was very close to the S&P 500 benchmark's annualized return of 10.99%.
QLENX
7.18%
2.96%
15.78%
29.72%
20.44%
10.77%
^GSPC (Benchmark)
1.27%
-0.94%
6.51%
17.29%
15.12%
10.99%
Monthly Returns
The table below presents the monthly returns of QLENX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 4.17% | 7.18% | |||||||||||
| 2024 | 5.60% | 1.69% | 6.30% | 1.84% | 4.42% | -0.96% | -0.26% | 0.58% | 0.26% | 0.90% | 5.16% | 1.15% | 29.78% |
| 2023 | 3.74% | 2.46% | -2.40% | 1.30% | -1.82% | 5.48% | 3.58% | 2.75% | 4.12% | 1.06% | 3.20% | -1.39% | 24.05% |
| 2022 | 9.51% | 0.91% | -0.08% | 3.52% | 7.09% | -8.04% | -2.50% | -2.86% | -3.57% | 7.56% | 5.53% | 1.89% | 18.92% |
| 2021 | 2.60% | 3.90% | 11.66% | 2.00% | 4.45% | -5.37% | 1.08% | -1.34% | -0.36% | 0.09% | 0.91% | 8.53% | 30.70% |
| 2020 | -1.55% | -7.42% | -8.12% | 1.53% | -3.76% | 2.90% | 0.43% | 2.27% | -1.69% | -3.87% | 3.35% | 1.59% | -14.18% |
| 2019 | 2.86% | 0.27% | 0.27% | -2.41% | -5.39% | 3.19% | 0.47% | -1.02% | 1.22% | 1.77% | 0.46% | -0.36% | 1.02% |
| 2018 | 4.56% | -2.56% | -1.78% | -2.46% | -1.34% | -4.82% | 0.87% | -1.33% | 0.48% | -6.56% | -1.86% | -0.83% | -16.64% |
| 2017 | 0.38% | 2.15% | 0.82% | 1.19% | 0.66% | -0.00% | 2.05% | 2.43% | 1.68% | 2.20% | 0.67% | 0.28% | 15.48% |
| 2016 | -0.33% | -0.66% | 4.02% | -1.53% | 1.22% | -1.05% | 3.26% | -0.08% | 0.87% | 0.47% | 2.11% | 2.18% | 10.81% |
| 2015 | 1.57% | 2.36% | -0.27% | -1.60% | 3.80% | -1.48% | 4.60% | -2.79% | 4.00% | 5.18% | 0.24% | 0.37% | 16.76% |
| 2014 | -3.04% | 3.44% | 1.66% | 0.10% | 2.30% | 0.19% | 1.69% | 1.66% | -0.09% | 2.18% | 2.48% | 1.28% | 14.57% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 96, QLENX is among the top 4% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for AQR Long-Short Equity N (QLENX) 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 N provided a 6.65% dividend yield over the last twelve months, with an annual payout of $1.11 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.11 | $1.11 | $2.72 | $1.77 | $0.00 | $0.15 | $0.00 | $0.66 | $1.23 | $0.37 | $0.59 | $0.86 |
Dividend yield | 6.65% | 7.13% | 21.14% | 14.09% | 0.00% | 1.59% | 0.00% | 6.09% | 8.91% | 2.87% | 4.91% | 7.97% |
Monthly Dividends
The table displays the monthly dividend distributions for AQR Long-Short Equity N. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.11 | $1.11 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.72 | $2.72 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.77 | $1.77 |
| 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 | $0.15 | $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 | $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 | $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 | $1.23 | $1.23 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.37 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.59 | $0.59 |
| 2014 | $0.86 | $0.86 |
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 N. 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 N was 39.59%, occurring on Mar 23, 2020. Recovery took 468 trading sessions.
The current AQR Long-Short Equity N drawdown is 0.54%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -39.59% | Jan 29, 2018 | 541 | Mar 23, 2020 | 468 | Jan 28, 2022 | 1009 |
| -17.19% | Jun 8, 2022 | 76 | Sep 26, 2022 | 95 | Feb 10, 2023 | 171 |
| -7.09% | Aug 6, 2015 | 13 | Aug 24, 2015 | 35 | Oct 13, 2015 | 48 |
| -7.01% | Mar 7, 2023 | 14 | Mar 24, 2023 | 58 | Jun 16, 2023 | 72 |
| -6.4% | Feb 22, 2022 | 31 | Apr 5, 2022 | 19 | May 3, 2022 | 50 |
Volatility
Volatility Chart
The current AQR Long-Short Equity N volatility is 1.82%, 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.