ETLQ.DE vs. QLEIX
Compare and contrast key facts about L&G Global Equity UCITS ETF (ETLQ.DE) and AQR Long-Short Equity Fund (QLEIX).
ETLQ.DE is a passively managed fund by Legal & General that tracks the performance of the Solactive Core Developed Markets Large & Mid Cap. It was launched on Nov 13, 2018. 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: ETLQ.DE or QLEIX.
Key characteristics
| ETLQ.DE | QLEIX | |
|---|---|---|
| YTD Return | 15.31% | 20.92% |
| 1Y Return | 21.00% | 24.66% |
| 3Y Return (Ann) | 9.22% | 25.71% |
| 5Y Return (Ann) | 12.23% | 15.91% |
| Sharpe Ratio | 2.14 | 3.46 |
| Daily Std Dev | 10.61% | 7.42% |
| Max Drawdown | -33.38% | -39.20% |
| Current Drawdown | -1.81% | -0.44% |
Correlation
The correlation between ETLQ.DE and QLEIX is 0.30, 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
ETLQ.DE vs. QLEIX - Performance Comparison
In the year-to-date period, ETLQ.DE achieves a 15.31% 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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ETLQ.DE vs. QLEIX - Expense Ratio Comparison
ETLQ.DE has a 0.10% expense ratio, which is lower than QLEIX's 1.30% expense ratio.
Risk-Adjusted Performance
ETLQ.DE vs. QLEIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Global Equity UCITS ETF (ETLQ.DE) 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
ETLQ.DE vs. QLEIX - Dividend Comparison
ETLQ.DE has not paid dividends to shareholders, while QLEIX's dividend yield for the trailing twelve months is around 17.20%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETLQ.DE L&G Global Equity UCITS ETF | 0.00% | 0.00% | 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
ETLQ.DE vs. QLEIX - Drawdown Comparison
The maximum ETLQ.DE drawdown since its inception was -33.38%, smaller than the maximum QLEIX drawdown of -39.20%. Use the drawdown chart below to compare losses from any high point for ETLQ.DE and QLEIX. For additional features, visit the drawdowns tool.
Volatility
ETLQ.DE vs. QLEIX - Volatility Comparison
L&G Global Equity UCITS ETF (ETLQ.DE) has a higher volatility of 3.97% compared to AQR Long-Short Equity Fund (QLEIX) at 1.52%. This indicates that ETLQ.DE'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.