BPSIX vs. QLEIX

Last updated Aug 1, 2026

BPSIX (Boston Partners Small Cap Value Fund Class I) and QLEIX (AQR Long-Short Equity Fund) are both mutual funds - BPSIX is a Small Cap Value Equities fund managed by Boston Partners, while QLEIX is a Long-Short fund actively managed by AQR. Over the past 10 years, BPSIX returned 9.82%/yr vs 11.74%/yr for QLEIX. Their 0.43 correlation means their historical movements had little consistent relationship. BPSIX charges 0.99%/yr vs 1.30%/yr for QLEIX.

Performance

BPSIX vs. QLEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Boston Partners Small Cap Value Fund Class I (BPSIX) and AQR Long-Short Equity Fund (QLEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BPSIX achieves a 17.34% return, which is significantly higher than QLEIX's 0.43% return. Over the past 10 years, BPSIX has underperformed QLEIX with an annualized return of 9.82%, while QLEIX has yielded a comparatively higher 11.74% annualized return.

BPSIX

• 1D: 0.16%
• 1M: 1.36%
• 6M: 12.41%
• YTD: 17.34%
• 1Y: 26.51%
• 3Y*: 14.67%
• 5Y*: 8.84%
• 10Y*: 9.82%
• ALL TIME*: 10.60%

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%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BPSIX Boston Partners Small Cap Value Fund Class I	$0.00	$0.00	$0.00
QLEIX AQR Long-Short Equity Fund	$0.00	$0.00	$0.00

BPSIX vs. QLEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BPSIX Boston Partners Small Cap Value Fund Class I	17.34%	7.45%	13.95%	16.98%	-11.48%	25.67%	1.60%	28.06%	-16.42%	9.72%
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 BPSIX and QLEIX is 0.25, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.25
Correlation (3Y) Balances recent behavior with more history.	0.31
Correlation (5Y) Shows whether the relationship held over a longer period.	0.34
Correlation (10Y) Provides a long-term view across more market conditions.	0.41
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.43

The correlation between BPSIX and QLEIX shifts across timeframes, from 0.25 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BPSIX vs. QLEIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BPSIX

BPSIX Risk / Return Rank: 61
BPSIX Sharpe Ratio Rank: 61
BPSIX Sortino Ratio Rank: 67
BPSIX Omega Ratio Rank: 56
BPSIX Calmar Ratio Rank: 69
BPSIX Martin Ratio Rank: 50

QLEIX

QLEIX Risk / Return Rank: 78
QLEIX Sharpe Ratio Rank: 83
QLEIX Sortino Ratio Rank: 84
QLEIX Omega Ratio Rank: 81
QLEIX Calmar Ratio Rank: 81
QLEIX Martin Ratio Rank: 60

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BPSIX vs. QLEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Boston Partners Small Cap Value Fund Class I (BPSIX) 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.

	BPSIX	QLEIX	Difference
Sharpe ratio: Return per unit of total volatility	1.50	1.96	-0.46
Sortino ratio: Return per unit of downside risk	2.32	2.93	-0.61
Omega ratio: Gain probability vs. loss probability	1.27	1.36	-0.10
Calmar ratio: Return relative to maximum drawdown	2.27	2.65	-0.37
Martin ratio: Return relative to average drawdown	6.93	7.54	-0.62

BPSIX vs. QLEIX - Sharpe Ratio Comparison

The current BPSIX Sharpe Ratio is 1.50, which is comparable to the QLEIX Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of BPSIX and QLEIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BPSIX vs. QLEIX - Drawdown Comparison

The maximum BPSIX drawdown since its inception was -62.51%, which is greater than QLEIX's maximum drawdown of -38.11%. Use the drawdown chart below to compare losses from any high point for BPSIX and QLEIX.

Drawdown Indicators

	BPSIX	QLEIX	Difference
Max Drawdown Largest peak-to-trough decline	-62.51%	-38.11%	-24.40%
Max Drawdown (1Y) Largest decline over 1 year	-10.39%	-6.01%	-4.38%
Max Drawdown (3Y) Largest decline over 3 years	-21.62%	-7.07%	-14.55%
Max Drawdown (5Y) Largest decline over 5 years	-22.01%	-17.07%	-4.94%
Max Drawdown (10Y) Largest decline over 10 years	-47.79%	-38.11%	-9.68%
Current Drawdown Current decline from peak	-0.59%	-0.19%	-0.40%
Average Drawdown Average peak-to-trough decline	-9.04%	-7.66%	-1.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.40%	2.10%	+1.30%

Volatility

BPSIX vs. QLEIX - Volatility Comparison

Boston Partners Small Cap Value Fund Class I (BPSIX) and AQR Long-Short Equity Fund (QLEIX) have volatilities of 3.36% and 3.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BPSIX	QLEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.36%	3.44%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	10.63%	6.70%	+3.93%
Volatility (1Y) Calculated over the trailing 1-year period	15.80%	8.12%	+7.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.56%	10.03%	+9.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.05%	10.60%	+11.45%

BPSIX vs. QLEIX - Expense Ratio Comparison

BPSIX has a 0.99% expense ratio, which is lower than QLEIX's 1.30% expense ratio.

Dividends

BPSIX vs. QLEIX - Dividend Comparison

BPSIX's dividend yield for the trailing twelve months is around 6.44%, more than QLEIX's 1.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BPSIX Boston Partners Small Cap Value Fund Class I	6.44%	7.56%	14.43%	12.77%	7.64%	7.03%	0.54%	2.42%	6.95%	4.50%	2.22%	5.29%
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

Can I hold both BPSIX and QLEIX in my portfolio?

BPSIX and QLEIX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BPSIX or QLEIX?

QLEIX has higher volatility (3.44%) compared to BPSIX (3.36%). In terms of maximum drawdown, BPSIX dropped -62.51% vs QLEIX's -38.11%.

Which has better risk-adjusted returns?

QLEIX currently has the higher Sharpe Ratio (1.96 vs 1.50), 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.