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CBLS vs. QLEIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between CBLS and QLEIX is 0.40, 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.


Performance

CBLS vs. QLEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Changebridge Capital Long/Short Equity ETF (CBLS) and AQR Long-Short Equity Fund (QLEIX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Daily Std Dev

CBLS:

3.54%

QLEIX:

2.57%

Max Drawdown

CBLS:

-0.07%

QLEIX:

-0.22%

Current Drawdown

CBLS:

0.00%

QLEIX:

-0.11%

Returns By Period


CBLS

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

QLEIX

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

*Annualized

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CBLS vs. QLEIX - Expense Ratio Comparison

CBLS has a 1.95% expense ratio, which is higher than QLEIX's 1.30% expense ratio.


Risk-Adjusted Performance

CBLS vs. QLEIX — Risk-Adjusted Performance Rank

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

CBLS
The Risk-Adjusted Performance Rank of CBLS is 7676
Overall Rank
The Sharpe Ratio Rank of CBLS is 7474
Sharpe Ratio Rank
The Sortino Ratio Rank of CBLS is 7575
Sortino Ratio Rank
The Omega Ratio Rank of CBLS is 7979
Omega Ratio Rank
The Calmar Ratio Rank of CBLS is 8282
Calmar Ratio Rank
The Martin Ratio Rank of CBLS is 7272
Martin Ratio Rank

QLEIX
The Risk-Adjusted Performance Rank of QLEIX is 9595
Overall Rank
The Sharpe Ratio Rank of QLEIX is 9595
Sharpe Ratio Rank
The Sortino Ratio Rank of QLEIX is 9393
Sortino Ratio Rank
The Omega Ratio Rank of QLEIX is 9393
Omega Ratio Rank
The Calmar Ratio Rank of QLEIX is 9696
Calmar Ratio Rank
The Martin Ratio Rank of QLEIX is 9696
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

CBLS vs. QLEIX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Changebridge Capital Long/Short Equity ETF (CBLS) 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.



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Dividends

CBLS vs. QLEIX - Dividend Comparison

Neither CBLS nor QLEIX has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

CBLS vs. QLEIX - Drawdown Comparison

The maximum CBLS drawdown since its inception was -0.07%, smaller than the maximum QLEIX drawdown of -0.22%. Use the drawdown chart below to compare losses from any high point for CBLS and QLEIX. For additional features, visit the drawdowns tool.


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Volatility

CBLS vs. QLEIX - Volatility Comparison


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