CLIX vs. QLENX
Compare and contrast key facts about ProShares Long Online/Short Stores ETF (CLIX) and AQR Long-Short Equity N (QLENX).
CLIX is a passively managed fund by ProShares that tracks the performance of the ProShares Long Online/Short Stores Index. It was launched on Nov 14, 2017. QLENX is an actively managed fund by AQR Funds. It was launched on Jul 16, 2013.
Performance
CLIX vs. QLENX - Performance Comparison
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CLIX vs. QLENX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CLIX ProShares Long Online/Short Stores ETF | -11.38% | 32.81% | 20.73% | 28.97% | -46.73% | -39.96% | 90.91% | 17.32% | 6.34% | -2.09% |
QLENX AQR Long-Short Equity N | -3.02% | 34.07% | 30.18% | 23.67% | 18.92% | 30.70% | -14.18% | 1.01% | -16.64% | 0.48% |
Returns By Period
In the year-to-date period, CLIX achieves a -11.38% return, which is significantly lower than QLENX's -3.02% return.
CLIX
- 1D
- 0.09%
- 1M
- -0.66%
- YTD
- -11.38%
- 6M
- -10.90%
- 1Y
- 16.33%
- 3Y*
- 17.97%
- 5Y*
- -8.57%
- 10Y*
- —
QLENX
- 1D
- 0.30%
- 1M
- -1.97%
- YTD
- -3.02%
- 6M
- 4.33%
- 1Y
- 19.17%
- 3Y*
- 26.36%
- 5Y*
- 22.25%
- 10Y*
- 11.29%
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CLIX vs. QLENX - Expense Ratio Comparison
CLIX has a 0.65% expense ratio, which is lower than QLENX's 5.18% expense ratio.
Return for Risk
CLIX vs. QLENX — Risk / Return Rank
CLIX
QLENX
CLIX vs. QLENX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Long Online/Short Stores ETF (CLIX) 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.
| CLIX | QLENX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | 2.28 | -1.57 |
Sortino ratioReturn per unit of downside risk | 1.09 | 2.96 | -1.87 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.47 | -0.32 |
Calmar ratioReturn relative to maximum drawdown | 0.85 | 3.05 | -2.20 |
Martin ratioReturn relative to average drawdown | 2.45 | 11.90 | -9.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CLIX | QLENX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 2.28 | -1.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.32 | 2.19 | -2.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 1.21 | -1.06 |
Correlation
The correlation between CLIX and QLENX is 0.08, 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
CLIX vs. QLENX - Dividend Comparison
CLIX's dividend yield for the trailing twelve months is around 0.60%, less than QLENX's 1.69% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLIX ProShares Long Online/Short Stores ETF | 0.60% | 0.46% | 0.46% | 0.00% | 0.00% | 0.00% | 1.33% | 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
CLIX vs. QLENX - Drawdown Comparison
The maximum CLIX drawdown since its inception was -73.21%, which is greater than QLENX's maximum drawdown of -38.50%. Use the drawdown chart below to compare losses from any high point for CLIX and QLENX.
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Drawdown Indicators
| CLIX | QLENX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.21% | -38.50% | -34.71% |
Max Drawdown (1Y)Largest decline over 1 year | -19.57% | -6.50% | -13.07% |
Max Drawdown (5Y)Largest decline over 5 years | -68.22% | -17.19% | -51.03% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.50% | — |
Current DrawdownCurrent decline from peak | -47.65% | -3.62% | -44.03% |
Average DrawdownAverage peak-to-trough decline | -34.54% | -7.54% | -27.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.76% | 1.66% | +5.10% |
Volatility
CLIX vs. QLENX - Volatility Comparison
ProShares Long Online/Short Stores ETF (CLIX) has a higher volatility of 7.71% compared to AQR Long-Short Equity N (QLENX) at 1.93%. This indicates that CLIX's price experiences larger fluctuations and is considered to be riskier than QLENX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLIX | QLENX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.71% | 1.93% | +5.78% |
Volatility (6M)Calculated over the trailing 6-month period | 16.27% | 4.92% | +11.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.90% | 8.65% | +14.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.03% | 10.21% | +16.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.03% | 10.55% | +15.48% |