COAGX vs. QLENX

Last updated Apr 2, 2026

Compare and contrast key facts about Caldwell & Orkin - Gator Capital Long/Short Fund (COAGX) and AQR Long-Short Equity N (QLENX).

COAGX is managed by Caldwell & Orkin. It was launched on Aug 23, 1992. QLENX is an actively managed fund by AQR Funds. It was launched on Jul 16, 2013.

Performance

COAGX vs. QLENX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Caldwell & Orkin - Gator Capital Long/Short Fund (COAGX) and AQR Long-Short Equity N (QLENX). The values are adjusted to include any dividend payments, if applicable.

COAGX vs. QLENX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
COAGX Caldwell & Orkin - Gator Capital Long/Short Fund	3.61%	17.44%	35.58%	31.98%	-7.18%	27.17%	11.06%	24.20%	-15.53%	0.93%
QLENX AQR Long-Short Equity N	-3.02%	34.07%	30.18%	23.67%	18.92%	30.70%	-14.18%	1.01%	-16.64%	15.48%

Returns By Period

COAGX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 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%

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

COAGX vs. QLENX - Expense Ratio Comparison

COAGX has a 2.00% expense ratio, which is lower than QLENX's 5.18% expense ratio.

QLENX

AQR Long-Short Equity N

COAGX

Caldwell & Orkin - Gator Capital Long/Short Fund

Return for Risk

COAGX vs. QLENX — Risk / Return Rank

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

QLENX

QLENX Risk / Return Rank: 94
QLENX Sharpe Ratio Rank: 95
QLENX Sortino Ratio Rank: 93
QLENX Omega Ratio Rank: 93
QLENX Calmar Ratio Rank: 94
QLENX Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

COAGX vs. QLENX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Caldwell & Orkin - Gator Capital Long/Short Fund (COAGX) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	COAGX	QLENX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.28	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	2.19	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.07	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.21	—

Correlation

The correlation between COAGX and QLENX is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

COAGX vs. QLENX - Dividend Comparison

COAGX has not paid dividends to shareholders, while QLENX's dividend yield for the trailing twelve months is around 1.69%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COAGX Caldwell & Orkin - Gator Capital Long/Short Fund	0.00%	0.00%	0.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.81%
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

Drawdown Indicators

	COAGX	QLENX	Difference
Max Drawdown Largest peak-to-trough decline	—	-38.50%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-6.50%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.19%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.50%	—
Current Drawdown Current decline from peak	—	-3.62%	—
Average Drawdown Average peak-to-trough decline	—	-7.54%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.66%	—

Volatility

Volatility by Period

	COAGX	QLENX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.93%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.92%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	8.65%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	10.21%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	10.55%	—