DIAMX vs. QLEIX
Compare and contrast key facts about Diamond Hill Long-Short Fund (DIAMX) and AQR Long-Short Equity Fund (QLEIX).
DIAMX is managed by Diamond Hill. It was launched on Jun 29, 2000. QLEIX is managed by AQR Funds. It was launched on Jul 15, 2013.
Performance
DIAMX vs. QLEIX - Performance Comparison
Loading graphics...
DIAMX vs. QLEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DIAMX Diamond Hill Long-Short Fund | -4.94% | 18.76% | 9.93% | 12.14% | -8.75% | 19.04% | -0.56% | 22.80% | -7.32% | 5.65% |
QLEIX AQR Long-Short Equity Fund | -2.98% | 34.43% | 30.50% | 23.95% | 19.18% | 31.10% | -13.92% | 1.19% | -16.33% | 15.74% |
Returns By Period
In the year-to-date period, DIAMX achieves a -4.94% return, which is significantly lower than QLEIX's -2.98% return. Over the past 10 years, DIAMX has underperformed QLEIX with an annualized return of 7.05%, while QLEIX has yielded a comparatively higher 11.57% annualized return.
DIAMX
- 1D
- 1.29%
- 1M
- -4.00%
- YTD
- -4.94%
- 6M
- -0.22%
- 1Y
- 9.70%
- 3Y*
- 11.45%
- 5Y*
- 6.67%
- 10Y*
- 7.05%
QLEIX
- 1D
- 0.29%
- 1M
- -1.96%
- YTD
- -2.98%
- 6M
- 4.47%
- 1Y
- 19.47%
- 3Y*
- 26.66%
- 5Y*
- 22.56%
- 10Y*
- 11.57%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
DIAMX vs. QLEIX - Expense Ratio Comparison
DIAMX has a 1.36% expense ratio, which is higher than QLEIX's 1.30% expense ratio.
Return for Risk
DIAMX vs. QLEIX — Risk / Return Rank
DIAMX
QLEIX
DIAMX vs. QLEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamond Hill Long-Short Fund (DIAMX) 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.
| DIAMX | QLEIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 2.33 | -1.35 |
Sortino ratioReturn per unit of downside risk | 1.46 | 3.01 | -1.55 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.48 | -0.26 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 3.10 | -1.57 |
Martin ratioReturn relative to average drawdown | 5.57 | 12.22 | -6.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| DIAMX | QLEIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 2.33 | -1.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 2.22 | -1.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 1.10 | -0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 1.11 | -0.64 |
Correlation
The correlation between DIAMX and QLEIX is 0.48, 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
DIAMX vs. QLEIX - Dividend Comparison
DIAMX's dividend yield for the trailing twelve months is around 1.47%, less than QLEIX's 1.81% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIAMX Diamond Hill Long-Short Fund | 1.47% | 1.39% | 9.52% | 4.03% | 5.07% | 10.81% | 0.97% | 6.32% | 4.94% | 2.15% | 3.42% | 0.48% |
QLEIX AQR Long-Short Equity Fund | 1.81% | 1.75% | 7.12% | 20.88% | 14.15% | 0.00% | 1.57% | 0.00% | 6.03% | 9.11% | 3.01% | 4.98% |
Drawdowns
DIAMX vs. QLEIX - Drawdown Comparison
The maximum DIAMX drawdown since its inception was -40.92%, which is greater than QLEIX's maximum drawdown of -38.11%. Use the drawdown chart below to compare losses from any high point for DIAMX and QLEIX.
Loading graphics...
Drawdown Indicators
| DIAMX | QLEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.92% | -38.11% | -2.81% |
Max Drawdown (1Y)Largest decline over 1 year | -7.02% | -6.49% | -0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -16.96% | -17.07% | +0.11% |
Max Drawdown (10Y)Largest decline over 10 years | -31.57% | -38.11% | +6.54% |
Current DrawdownCurrent decline from peak | -5.59% | -3.57% | -2.02% |
Average DrawdownAverage peak-to-trough decline | -6.86% | -7.80% | +0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 1.64% | +0.28% |
Volatility
DIAMX vs. QLEIX - Volatility Comparison
Diamond Hill Long-Short Fund (DIAMX) has a higher volatility of 2.70% compared to AQR Long-Short Equity Fund (QLEIX) at 1.88%. This indicates that DIAMX'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.
Loading graphics...
Volatility by Period
| DIAMX | QLEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 1.88% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 5.02% | 4.90% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.26% | 8.61% | +1.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.55% | 10.22% | +0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.94% | 10.55% | +2.39% |