CBLS vs. QLEIX
Compare and contrast key facts about Changebridge Capital Long/Short Equity ETF (CBLS) and AQR Long-Short Equity Fund (QLEIX).
CBLS is an actively managed fund by Changebridge Capital LLC. It was launched on Nov 13, 2020. QLEIX is managed by AQR Funds. It was launched on Jul 15, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CBLS or QLEIX.
Correlation
The correlation between CBLS and QLEIX is 0.24, 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
Key characteristics
CBLS:
1.89
QLEIX:
3.95
CBLS:
2.34
QLEIX:
5.46
CBLS:
1.36
QLEIX:
1.79
CBLS:
1.23
QLEIX:
5.25
CBLS:
7.58
QLEIX:
25.55
CBLS:
3.71%
QLEIX:
1.17%
CBLS:
14.90%
QLEIX:
7.56%
CBLS:
-32.78%
QLEIX:
-42.90%
CBLS:
-5.24%
QLEIX:
0.00%
Returns By Period
In the year-to-date period, CBLS achieves a 3.98% return, which is significantly lower than QLEIX's 6.30% return.
CBLS
3.98%
0.27%
10.13%
28.41%
N/A
N/A
QLEIX
6.30%
4.48%
18.14%
30.30%
16.91%
9.32%
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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
CBLS
QLEIX
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.
Dividends
CBLS vs. QLEIX - Dividend Comparison
CBLS's dividend yield for the trailing twelve months is around 0.70%, less than QLEIX's 6.70% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBLS Changebridge Capital Long/Short Equity ETF | 0.70% | 0.73% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QLEIX AQR Long-Short Equity Fund | 6.70% | 7.12% | 20.80% | 10.30% | 0.00% | 0.00% | 0.00% | 0.37% | 4.04% | 1.86% | 4.82% | 7.12% |
Drawdowns
CBLS vs. QLEIX - Drawdown Comparison
The maximum CBLS drawdown since its inception was -32.78%, smaller than the maximum QLEIX drawdown of -42.90%. Use the drawdown chart below to compare losses from any high point for CBLS and QLEIX. For additional features, visit the drawdowns tool.
Volatility
CBLS vs. QLEIX - Volatility Comparison
Changebridge Capital Long/Short Equity ETF (CBLS) has a higher volatility of 8.75% compared to AQR Long-Short Equity Fund (QLEIX) at 2.15%. This indicates that CBLS's price experiences larger fluctuations and is considered to be riskier than QLEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.