BPLEX vs. QLEIX
BPLEX (Boston Partners Long/Short Equity Fund) and QLEIX (AQR Long-Short Equity Fund) are both Long-Short funds. Over the past 10 years, BPLEX returned 14.50%/yr vs 11.74%/yr for QLEIX. Their 0.47 correlation means their historical movements had little consistent relationship. BPLEX charges 2.21%/yr vs 1.30%/yr for QLEIX.
Performance
BPLEX vs. QLEIX - Performance Comparison
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Returns By Period
In the year-to-date period, BPLEX achieves a 21.25% return, which is significantly higher than QLEIX's 0.43% return. Over the past 10 years, BPLEX has outperformed QLEIX with an annualized return of 14.50%, while QLEIX has yielded a comparatively lower 11.74% annualized return.
BPLEX
- 1D
- 0.08%
- 1M
- 3.99%
- 6M
- 19.55%
- YTD
- 21.25%
- 1Y
- 38.01%
- 3Y*
- 37.96%
- 5Y*
- 27.08%
- 10Y*
- 14.50%
- ALL TIME*
- 11.81%
QLEIX
- 1D
- 2.11%
- 1M
- 4.63%
- 6M
- 1.63%
- YTD
- 0.43%
- 1Y
- 16.21%
- 3Y*
- 24.57%
- 5Y*
- 22.95%
- 10Y*
- 11.74%
- ALL TIME*
- 11.73%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BPLEX vs. QLEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BPLEX Boston Partners Long/Short Equity Fund | 21.25% | 27.87% | 56.97% | 14.93% | 6.95% | 31.73% | -5.82% | 8.97% | -15.70% | 2.54% |
QLEIX AQR Long-Short Equity Fund | 0.43% | 34.43% | 30.50% | 23.95% | 19.18% | 31.10% | -13.92% | 1.19% | -16.33% | 15.74% |
Correlation
The correlation between BPLEX and QLEIX is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.43 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.47 |
The correlation between BPLEX and QLEIX shifts across timeframes, from 0.39 (1 year) to 0.53 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
BPLEX vs. QLEIX — Risk / Return Rank
BPLEX
QLEIX
BPLEX vs. QLEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Boston Partners Long/Short Equity Fund (BPLEX) and AQR Long-Short Equity Fund (QLEIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BPLEX | QLEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.46 | ||
| Sortino ratioReturn per unit of downside risk | +2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.36 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 6.96 | 2.65 | +4.32 |
| Martin ratioReturn relative to average drawdown | 25.32 | 7.54 | +17.78 |
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Drawdowns
BPLEX vs. QLEIX - Drawdown Comparison
The maximum BPLEX drawdown since its inception was -43.47%, which is greater than QLEIX's maximum drawdown of -38.11%. Use the drawdown chart below to compare losses from any high point for BPLEX and QLEIX.
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Drawdown Indicators
| BPLEX | QLEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.47% | -38.11% | -5.36% |
Max Drawdown (1Y)Largest decline over 1 year | -5.23% | -6.01% | +0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -28.78% | -7.07% | -21.71% |
Max Drawdown (5Y)Largest decline over 5 years | -28.78% | -17.07% | -11.71% |
Max Drawdown (10Y)Largest decline over 10 years | -37.65% | -38.11% | +0.46% |
Current DrawdownCurrent decline from peak | -0.31% | -0.19% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -6.58% | -7.66% | +1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 2.10% | -0.66% |
Volatility
BPLEX vs. QLEIX - Volatility Comparison
The current volatility for Boston Partners Long/Short Equity Fund (BPLEX) is 2.78%, while AQR Long-Short Equity Fund (QLEIX) has a volatility of 3.44%. This indicates that BPLEX experiences smaller price fluctuations and is considered to be less risky than QLEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BPLEX | QLEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.78% | 3.44% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 8.40% | 6.70% | +1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.65% | 8.12% | +2.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.85% | 10.03% | +27.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.24% | 10.60% | +18.64% |
BPLEX vs. QLEIX - Expense Ratio Comparison
BPLEX has a 2.21% expense ratio, which is higher than QLEIX's 1.30% expense ratio.
Dividends
BPLEX vs. QLEIX - Dividend Comparison
BPLEX's dividend yield for the trailing twelve months is around 9.03%, more than QLEIX's 1.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BPLEX Boston Partners Long/Short Equity Fund | 9.03% | 10.94% | 58.72% | 28.35% | 15.19% | 5.11% | 44.84% | 11.33% | 9.69% | 0.83% | 0.00% | 9.91% |
QLEIX AQR Long-Short Equity Fund | 1.74% | 1.75% | 7.12% | 20.88% | 14.15% | 0.00% | 1.57% | 0.00% | 6.03% | 9.11% | 3.01% | 4.98% |
Frequently Asked Questions
BPLEX and QLEIX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QLEIX has higher volatility (3.44%) compared to BPLEX (2.78%). In terms of maximum drawdown, BPLEX dropped -43.47% vs QLEIX's -38.11%.
BPLEX currently has the higher Sharpe Ratio (3.42 vs 1.96), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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