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 24 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% | 12.07M | 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 74. There are 15 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 | QLENX vs BPLEX | |
| Vanguard Market Neutral Fund Institutional Shares | 97 | — | Oct 1998 | QLENX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 97 | 601.30M | Nov 1998 | QLENX vs VMNFX | |
| Quantitative U.S. Long/Short Equity Portfolio | 95 | — | Sep 2006 | QLENX vs GTAPX | |
| Knights of Columbus Long/Short Equity Fund | 95 | — | Dec 2019 | QLENX vs KCEIX |
Top Performing QLENX Alternatives (YTD)
QLENX is at 0.78% YTD. There are 41 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 | QLENX vs BPLEX | |
| Vanguard Market Neutral Fund Institutional Shares | 16.18% | — | Oct 1998 | QLENX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 16.18% | 601.30M | Nov 1998 | QLENX vs VMNFX | |
| Guggenheim Alpha Opportunity Fund | 15.92% | — | Jul 2003 | QLENX vs SAOAX | |
| Wasatch Long/Short Alpha Fund | 13.20% | — | Sep 2021 | QLENX vs WALSX |
Lowest Volatility Alternatives to QLENX
QLENX has 8.16% 1-year volatility. There are 14 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 | QLENX vs NLSIX | |
| AB Select US Long/Short Portfolio | 5.75% | — | Dec 2012 | QLENX vs ASILX | |
| MFS Managed Wealth Fund | 6.03% | — | Jun 2014 | QLENX vs MNWIX | |
| Wilmington Global Alpha Equities Fund | 6.25% | — | Jan 2012 | QLENX vs WRAIX | |
| Knights of Columbus Long/Short Equity Fund | 6.51% | — | Dec 2019 | QLENX vs KCEIX |
Lowest Drawdown Alternatives to QLENX
QLENX has a 1-year max drawdown of -6.09%. There are 19 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 | |
| AB Select US Long/Short Portfolio | -3.61% | — | Dec 2012 | QLENX vs ASILX | |
| Gotham Absolute Return Fund | -3.85% | — | Aug 2012 | QLENX vs GARIX | |
| Persimmon Long/Short Fund | -3.90% | — | Dec 2012 | QLENX vs LSEIX |
Other Mutual Funds from AQR
The 10 most viewed AQR mutual funds shown here include QLEIX, QMNNX, AQMIX and span 5 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| AQR Long-Short Equity Fund | Long-Short | 77 | 0.95% | — | Jul 2013 | QLENX vs QLEIX | |
| AQR Equity Market Neutral Fund Class N | Equity Market Neutral | 15 | -5.98% | — | Oct 2014 | QLENX vs QMNNX | |
| AQR Managed Futures Strategy Fund - Class I | Systematic Trend | 90 | 10.55% | — | Jan 2010 | QLENX vs AQMIX | |
| AQR Style Premia Alternative Fund - Class I | Multistrategy | 89 | 18.03% | — | Oct 2013 | QLENX vs QSPIX | |
| AQR Diversifying Strategies Fund - Class I | Multistrategy | 93 | 5.71% | — | Jun 2020 | QLENX vs QDSIX | |
| AQR Alternative Risk Premia Fund - Class I | Multistrategy | 98 | 22.71% | — | Sep 2017 | QLENX vs QRPIX | |
| AQR Managed Futures Strategy HV Fund | Systematic Trend | 81 | 12.79% | — | Jul 2013 | QLENX vs QMHIX | |
| AQR Trend Total Return Fund | Systematic Trend | 91 | 13.60% | — | Dec 2021 | QLENX vs QNZNX | |
| AQR Multi-Asset Fund | Tactical Allocation | 72 | 8.79% | — | Sep 2010 | QLENX vs AQRIX | |
| AQR Alternative Risk Premia Fund Class N | Multistrategy | 98 | 22.58% | — | Sep 2017 | QLENX vs QRPNX |
Often Compared With QLENX
Investors most often compare QLENX with SPY, CLOB, CLOI. These 20 comparison targets span 17 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