EQLS vs. QLEIX
Compare and contrast key facts about Simplify Market Neutral Equity Long/Short ETF (EQLS) and AQR Long-Short Equity Fund (QLEIX).
EQLS is an actively managed fund by Simplify. It was launched on Jun 13, 2023. 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: EQLS or QLEIX.
Key characteristics
| EQLS | QLEIX | |
|---|---|---|
| YTD Return | -1.26% | 20.92% |
| 1Y Return | -0.84% | 24.66% |
| Sharpe Ratio | -0.04 | 3.46 |
| Daily Std Dev | 11.10% | 7.42% |
| Max Drawdown | -9.84% | -39.20% |
| Current Drawdown | -9.84% | -0.44% |
Correlation
The correlation between EQLS and QLEIX is 0.19, 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
EQLS vs. QLEIX - Performance Comparison
In the year-to-date period, EQLS achieves a -1.26% return, which is significantly lower than QLEIX's 20.92% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EQLS vs. QLEIX - Expense Ratio Comparison
EQLS has a 1.00% expense ratio, which is lower than QLEIX's 1.30% expense ratio.
Risk-Adjusted Performance
EQLS vs. QLEIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Market Neutral Equity Long/Short ETF (EQLS) 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
EQLS vs. QLEIX - Dividend Comparison
EQLS's dividend yield for the trailing twelve months is around 9.10%, less than QLEIX's 17.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQLS Simplify Market Neutral Equity Long/Short ETF | 9.10% | 8.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QLEIX AQR Long-Short Equity Fund | 17.20% | 20.79% | 14.15% | 0.00% | 1.57% | 0.00% | 6.03% | 9.11% | 3.01% | 4.98% | 0.89% | 8.81% |
Drawdowns
EQLS vs. QLEIX - Drawdown Comparison
The maximum EQLS drawdown since its inception was -9.84%, smaller than the maximum QLEIX drawdown of -39.20%. Use the drawdown chart below to compare losses from any high point for EQLS and QLEIX. For additional features, visit the drawdowns tool.
Volatility
EQLS vs. QLEIX - Volatility Comparison
Simplify Market Neutral Equity Long/Short ETF (EQLS) has a higher volatility of 1.97% compared to AQR Long-Short Equity Fund (QLEIX) at 1.62%. This indicates that EQLS'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.