ADAMH vs. QLENX

Last updated Apr 1, 2026

Compare and contrast key facts about Adamas Trust, Inc. (ADAMH) and AQR Long-Short Equity N (QLENX).

QLENX is an actively managed fund by AQR Funds. It was launched on Jul 16, 2013.

Performance

ADAMH vs. QLENX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Adamas Trust, Inc. (ADAMH) and AQR Long-Short Equity N (QLENX). The values are adjusted to include any dividend payments, if applicable.

ADAMH vs. QLENX - Yearly Performance Comparison

	2026 (YTD)	2025
ADAMH Adamas Trust, Inc.	-1.57%	6.34%
QLENX AQR Long-Short Equity N	-3.31%	11.41%

Returns By Period

In the year-to-date period, ADAMH achieves a -1.57% return, which is significantly higher than QLENX's -3.31% return.

ADAMH

• 1D: -0.20%
• 1M: -1.19%
• YTD: -1.57%
• 6M: 3.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QLENX

• 1D: 0.56%
• 1M: -2.74%
• YTD: -3.31%
• 6M: 4.39%
• 1Y: 19.30%
• 3Y*: 26.24%
• 5Y*: 22.20%
• 10Y*: 11.26%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ADAMH vs. QLENX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QLENX

QLENX Risk / Return Rank: 93
QLENX Sharpe Ratio Rank: 95
QLENX Sortino Ratio Rank: 94
QLENX Omega Ratio Rank: 93
QLENX Calmar Ratio Rank: 93
QLENX Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ADAMH vs. QLENX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Adamas Trust, Inc. (ADAMH) and AQR Long-Short Equity N (QLENX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ADAMH	QLENX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.26	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	2.19	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.07	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.75	1.21	+0.54

Correlation

The correlation between ADAMH and QLENX is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ADAMH vs. QLENX - Dividend Comparison

ADAMH's dividend yield for the trailing twelve months is around 7.26%, more than QLENX's 1.69% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADAMH Adamas Trust, Inc.	7.26%	4.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QLENX AQR Long-Short Equity N	1.69%	1.64%	7.13%	21.21%	14.09%	0.00%	1.59%	0.00%	6.09%	8.91%	2.87%	4.91%

Drawdowns

ADAMH vs. QLENX - Drawdown Comparison

The maximum ADAMH drawdown since its inception was -1.81%, smaller than the maximum QLENX drawdown of -38.50%. Use the drawdown chart below to compare losses from any high point for ADAMH and QLENX.

Drawdown Indicators

	ADAMH	QLENX	Difference
Max Drawdown Largest peak-to-trough decline	-1.81%	-38.50%	+36.69%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.50%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.19%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.50%	—
Current Drawdown Current decline from peak	-1.57%	-3.91%	+2.34%
Average Drawdown Average peak-to-trough decline	-0.53%	-7.55%	+7.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.65%	—

Volatility

Volatility by Period

	ADAMH	QLENX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.92%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.92%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.77%	8.66%	-3.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.77%	10.22%	-5.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.77%	10.55%	-5.78%