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.
Performance
ETLQ.DE vs. QLEIX - Performance Comparison
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ETLQ.DE vs. QLEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ETLQ.DE L&G Global Equity UCITS ETF | -1.44% | 8.14% | 26.10% | 20.83% | -13.64% | 32.63% | 5.63% | 24.59% |
QLEIX AQR Long-Short Equity Fund | -1.38% | 18.48% | 39.11% | 20.23% | 26.56% | 40.90% | -21.02% | 2.52% |
Different Trading Currencies
ETLQ.DE is traded in EUR, while QLEIX is traded in USD. To make them comparable, the QLEIX values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with ETLQ.DE having a -1.44% return and QLEIX slightly higher at -1.38%.
ETLQ.DE
- 1D
- 2.00%
- 1M
- -3.20%
- YTD
- -1.44%
- 6M
- 1.90%
- 1Y
- 12.38%
- 3Y*
- 15.33%
- 5Y*
- 10.99%
- 10Y*
- —
QLEIX
- 1D
- -0.52%
- 1M
- -0.82%
- YTD
- -1.38%
- 6M
- 6.07%
- 1Y
- 11.59%
- 3Y*
- 24.00%
- 5Y*
- 23.03%
- 10Y*
- 11.42%
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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.
Return for Risk
ETLQ.DE vs. QLEIX — Risk / Return Rank
ETLQ.DE
QLEIX
ETLQ.DE vs. QLEIX - Risk-Adjusted Trends 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.
| ETLQ.DE | QLEIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.77 | 1.06 | -0.29 |
Sortino ratioReturn per unit of downside risk | 1.12 | 1.44 | -0.32 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.21 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.47 | 1.41 | +0.07 |
Martin ratioReturn relative to average drawdown | 6.37 | 5.16 | +1.21 |
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
| ETLQ.DE | QLEIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 1.06 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 1.93 | -1.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.94 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 1.04 | -0.21 |
Correlation
The correlation between ETLQ.DE and QLEIX is 0.28, 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
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 1.81%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 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
ETLQ.DE vs. QLEIX - Drawdown Comparison
The maximum ETLQ.DE drawdown since its inception was -33.38%, roughly equal to the maximum QLEIX drawdown of -32.20%. Use the drawdown chart below to compare losses from any high point for ETLQ.DE and QLEIX.
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Drawdown Indicators
| ETLQ.DE | QLEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.38% | -38.11% | +4.73% |
Max Drawdown (1Y)Largest decline over 1 year | -12.97% | -6.49% | -6.48% |
Max Drawdown (5Y)Largest decline over 5 years | -21.58% | -17.07% | -4.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.11% | — |
Current DrawdownCurrent decline from peak | -4.11% | -3.57% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -4.42% | -7.80% | +3.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 1.64% | +0.33% |
Volatility
ETLQ.DE vs. QLEIX - Volatility Comparison
L&G Global Equity UCITS ETF (ETLQ.DE) has a higher volatility of 4.31% compared to AQR Long-Short Equity Fund (QLEIX) at 2.20%. 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.
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Volatility by Period
| ETLQ.DE | QLEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.31% | 2.20% | +2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 8.38% | 6.23% | +2.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.08% | 11.62% | +4.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.07% | 12.03% | +2.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.84% | 12.21% | +3.63% |