HICOX vs. QLEIX
Compare and contrast key facts about Colorado Bond Shares A Tax Exempt Fund (HICOX) and AQR Long-Short Equity Fund (QLEIX).
HICOX is managed by Freedom Funds. It was launched on Jun 3, 1987. QLEIX is managed by AQR Funds. It was launched on Jul 15, 2013.
Performance
HICOX vs. QLEIX - Performance Comparison
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HICOX vs. QLEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HICOX Colorado Bond Shares A Tax Exempt Fund | 0.39% | 4.36% | 8.64% | 5.10% | -6.14% | 4.44% | 4.69% | 6.42% | 4.64% | 5.63% |
QLEIX AQR Long-Short Equity Fund | -3.26% | 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, HICOX achieves a 0.39% return, which is significantly higher than QLEIX's -3.26% return. Over the past 10 years, HICOX has underperformed QLEIX with an annualized return of 4.00%, while QLEIX has yielded a comparatively higher 11.54% annualized return.
HICOX
- 1D
- 0.00%
- 1M
- -1.10%
- YTD
- 0.39%
- 6M
- 2.33%
- 1Y
- 5.47%
- 3Y*
- 5.59%
- 5Y*
- 2.89%
- 10Y*
- 4.00%
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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HICOX vs. QLEIX - Expense Ratio Comparison
HICOX has a 0.55% expense ratio, which is lower than QLEIX's 1.30% expense ratio.
Return for Risk
HICOX vs. QLEIX — Risk / Return Rank
HICOX
QLEIX
HICOX vs. QLEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Colorado Bond Shares A Tax Exempt Fund (HICOX) 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.
| HICOX | QLEIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.30 | 2.30 | -1.00 |
Sortino ratioReturn per unit of downside risk | 1.67 | 2.98 | -1.30 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.47 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.30 | 2.88 | -1.59 |
Martin ratioReturn relative to average drawdown | 6.29 | 11.49 | -5.20 |
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
| HICOX | QLEIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 2.30 | -1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 2.21 | -1.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.30 | 1.10 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.60 | 1.11 | +0.49 |
Correlation
The correlation between HICOX and QLEIX is -0.07. 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
HICOX vs. QLEIX - Dividend Comparison
HICOX's dividend yield for the trailing twelve months is around 5.19%, more than QLEIX's 1.81% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HICOX Colorado Bond Shares A Tax Exempt Fund | 5.19% | 3.98% | 6.34% | 2.53% | 2.85% | 3.60% | 3.64% | 4.11% | 4.54% | 4.56% | 5.49% | 4.32% |
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
HICOX vs. QLEIX - Drawdown Comparison
The maximum HICOX drawdown since its inception was -11.00%, smaller than the maximum QLEIX drawdown of -38.11%. Use the drawdown chart below to compare losses from any high point for HICOX and QLEIX.
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Drawdown Indicators
| HICOX | QLEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.00% | -38.11% | +27.11% |
Max Drawdown (1Y)Largest decline over 1 year | -3.67% | -6.49% | +2.82% |
Max Drawdown (5Y)Largest decline over 5 years | -9.66% | -17.07% | +7.41% |
Max Drawdown (10Y)Largest decline over 10 years | -9.66% | -38.11% | +28.45% |
Current DrawdownCurrent decline from peak | -1.10% | -3.85% | +2.75% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -7.80% | +5.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 1.63% | -0.87% |
Volatility
HICOX vs. QLEIX - Volatility Comparison
The current volatility for Colorado Bond Shares A Tax Exempt Fund (HICOX) is 0.84%, while AQR Long-Short Equity Fund (QLEIX) has a volatility of 1.87%. This indicates that HICOX experiences smaller price fluctuations and is considered to be less risky 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
| HICOX | QLEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 1.87% | -1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.54% | 4.89% | -3.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.32% | 8.63% | -4.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.52% | 10.23% | -6.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.09% | 10.55% | -7.46% |