AQR Long-Short Equity Fund Class N (QLENX) 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 QLENX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to QLENX
QLENX charges 1.57% annually. There are 26 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 | QLENX vs PHSWX | |
| MFS Managed Wealth Fund | 0.67% | — | Jun 2014 | QLENX vs MNWIX | |
| WisdomTree Efficient Long/Short US Equity Fund | 0.88% | 11.94M | Jan 2026 | QLENX vs WTLS | |
| Alger Dynamic Opportunities Fund | 0.91% | — | Nov 2009 | QLENX vs SPEDX | |
| Salient Tactical Plus Fund | 1.08% | — | Dec 2012 | QLENX vs BTPIX |
Best Risk-Adjusted Alternatives to QLENX
QLENX has a PortfoliosLab risk / return rank of 54. There are 16 mutual funds in the Long-Short category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 96 | — | Dec 2012 | QLENX vs BDMIX | |
| Boston Partners Long/Short Equity Fund | 94 | — | Nov 1998 | QLENX vs BPLEX | |
| Persimmon Long/Short Fund | 88 | — | Dec 2012 | QLENX vs LSEIX | |
| Vanguard Market Neutral Fund Institutional Shares | 88 | — | Oct 1998 | QLENX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 88 | 561.90M | Nov 1998 | QLENX vs VMNFX |
Top Performing QLENX Alternatives (YTD)
QLENX is at -0.63% YTD. There are 38 mutual funds in the Long-Short category with higher YTD returns, going as high as 14.62%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ACM Dynamic Opportunity Fund | 14.62% | — | Jan 2015 | QLENX vs ADOIX | |
| Vanguard Market Neutral Fund Investor Shares | 14.39% | 561.90M | Nov 1998 | QLENX vs VMNFX | |
| Vanguard Market Neutral Fund Institutional Shares | 14.39% | — | Oct 1998 | QLENX vs VMNIX | |
| CRM Long/Short Opportunities Fund | 13.95% | — | Aug 2016 | QLENX vs CRIHX | |
| Boston Partners Long/Short Equity Fund | 13.85% | — | Nov 1998 | QLENX vs BPLEX |
Lowest Volatility Alternatives to QLENX
QLENX has 7.40% 1-year volatility. There are 10 mutual funds in the Long-Short category with lower 1-year volatility, going as low as 5.29%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Neuberger Berman Long Short Fund | 5.29% | — | Dec 2011 | QLENX vs NLSIX | |
| AB Select US Long/Short Portfolio | 5.56% | — | Dec 2012 | QLENX vs ASILX | |
| MFS Managed Wealth Fund | 5.86% | — | Jun 2014 | QLENX vs MNWIX | |
| Knights of Columbus Long/Short Equity Fund | 6.07% | — | Dec 2019 | QLENX vs KCEIX | |
| Wilmington Global Alpha Equities Fund | 6.17% | — | Jan 2012 | QLENX vs WRAIX |
Lowest Drawdown Alternatives to QLENX
QLENX has a 1-year max drawdown of -6.09%. There are 20 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 | QLENX vs KCEIX | |
| Quantitative U.S. Long/Short Equity Portfolio | -3.01% | — | Sep 2006 | QLENX vs GTAPX | |
| BlackRock Global Long/Short Equity Fund Class I | -3.24% | — | Dec 2012 | QLENX vs BDMIX | |
| AB Select US Long/Short Portfolio | -3.61% | — | Dec 2012 | QLENX vs ASILX | |
| Gotham Absolute Return Fund | -3.85% | — | Aug 2012 | QLENX vs GARIX |
Other Mutual Funds from AQR Funds
The 10 most viewed AQR Funds mutual funds shown here include QLEIX, QMNNX, AQMIX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| AQR Long-Short Equity Fund | Long-Short | 57 | -0.52% | — | Jul 2013 | QLENX vs QLEIX | |
| AQR Equity Market Neutral Fund N | Equity Market Neutral | 6 | -6.48% | — | Oct 2014 | QLENX vs QMNNX | |
| AQR Managed Futures Strategy Fund | Systematic Trend | 92 | 11.91% | — | Jan 2010 | QLENX vs AQMIX | |
| AQR Style Premia Alternative Fund | Multistrategy | 52 | 12.95% | — | Oct 2013 | QLENX vs QSPIX | |
| AQR Alternative Risk Premia Fund | Multistrategy | 96 | 18.34% | — | Sep 2017 | QLENX vs QRPIX | |
| AQR Trend Total Return Fund | Systematic Trend | 95 | 15.35% | — | Dec 2021 | QLENX vs QNZNX | |
| AQR Managed Futures Strategy HV Fund | Systematic Trend | 87 | 15.33% | — | Jul 2013 | QLENX vs QMHIX | |
| AQR Multi-Asset Fund | Tactical Allocation | 54 | 8.96% | — | Sep 2010 | QLENX vs AQRIX | |
| AQR Global Equity Fund | Global Equities | 79 | 13.02% | — | Dec 2009 | QLENX vs AQGIX | |
| AQR Risk-Balanced Commodities Strategy Fund | Commodities | 37 | 12.51% | — | Jul 2012 | QLENX vs ARCIX |
Often Compared With QLENX
Investors most often compare QLENX with SPY, CLOB, CLOI. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare QLENX with Any Fund or Stock
Compare QLENX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair QLENX with funds that move differently
AQR Long-Short Equity Fund Class N alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QLENX.
Explore QLENX Diversifiers