GOLY vs. QLEIX
Compare and contrast key facts about Strategy Shares Gold-Hedged Bond ETF (GOLY) and AQR Long-Short Equity Fund (QLEIX).
GOLY is a passively managed fund by Strategy Shares that tracks the performance of the Solactive Gold-Backed Bond Index. It was launched on May 17, 2021. QLEIX is managed by AQR Funds. It was launched on Jul 15, 2013.
Performance
GOLY vs. QLEIX - Performance Comparison
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GOLY vs. QLEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GOLY Strategy Shares Gold-Hedged Bond ETF | -14.67% | 57.98% | 19.82% | 12.74% | -19.96% | -1.30% |
QLEIX AQR Long-Short Equity Fund | -3.26% | 34.43% | 30.50% | 23.95% | 19.18% | 0.49% |
Returns By Period
In the year-to-date period, GOLY achieves a -14.67% return, which is significantly lower than QLEIX's -3.26% return.
GOLY
- 1D
- 1.45%
- 1M
- -26.37%
- YTD
- -14.67%
- 6M
- -7.13%
- 1Y
- 14.96%
- 3Y*
- 18.13%
- 5Y*
- —
- 10Y*
- —
QLEIX
- 1D
- 0.54%
- 1M
- -2.71%
- YTD
- -3.26%
- 6M
- 4.53%
- 1Y
- 19.60%
- 3Y*
- 26.54%
- 5Y*
- 22.51%
- 10Y*
- 11.54%
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GOLY vs. QLEIX - Expense Ratio Comparison
GOLY has a 0.79% expense ratio, which is lower than QLEIX's 1.30% expense ratio.
Return for Risk
GOLY vs. QLEIX — Risk / Return Rank
GOLY
QLEIX
GOLY vs. QLEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Gold-Hedged Bond ETF (GOLY) 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.
| GOLY | QLEIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.45 | 2.30 | -1.85 |
Sortino ratioReturn per unit of downside risk | 0.77 | 2.98 | -2.20 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.47 | -0.36 |
Calmar ratioReturn relative to maximum drawdown | 0.61 | 2.88 | -2.28 |
Martin ratioReturn relative to average drawdown | 2.44 | 11.49 | -9.05 |
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
| GOLY | QLEIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 2.30 | -1.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 2.21 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 1.11 | -0.75 |
Correlation
The correlation between GOLY and QLEIX is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
GOLY vs. QLEIX - Dividend Comparison
GOLY's dividend yield for the trailing twelve months is around 9.09%, more than QLEIX's 1.81% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOLY Strategy Shares Gold-Hedged Bond ETF | 9.09% | 7.22% | 3.85% | 2.94% | 2.57% | 1.11% | 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
GOLY vs. QLEIX - Drawdown Comparison
The maximum GOLY drawdown since its inception was -35.99%, smaller than the maximum QLEIX drawdown of -38.11%. Use the drawdown chart below to compare losses from any high point for GOLY and QLEIX.
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Drawdown Indicators
| GOLY | QLEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.99% | -38.11% | +2.12% |
Max Drawdown (1Y)Largest decline over 1 year | -27.42% | -6.49% | -20.93% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.07% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.11% | — |
Current DrawdownCurrent decline from peak | -26.37% | -3.85% | -22.52% |
Average DrawdownAverage peak-to-trough decline | -11.32% | -7.80% | -3.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.80% | 1.63% | +5.17% |
Volatility
GOLY vs. QLEIX - Volatility Comparison
Strategy Shares Gold-Hedged Bond ETF (GOLY) has a higher volatility of 13.19% compared to AQR Long-Short Equity Fund (QLEIX) at 1.87%. This indicates that GOLY'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
| GOLY | QLEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.19% | 1.87% | +11.32% |
Volatility (6M)Calculated over the trailing 6-month period | 29.34% | 4.89% | +24.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.41% | 8.63% | +24.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.90% | 10.23% | +11.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.90% | 10.55% | +11.35% |