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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HICOX or QLEIX.
Correlation
The correlation between HICOX and QLEIX is -0.08. 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.
Performance
HICOX vs. QLEIX - Performance Comparison
Key characteristics
HICOX:
2.26
QLEIX:
3.75
HICOX:
3.34
QLEIX:
5.23
HICOX:
1.52
QLEIX:
1.75
HICOX:
3.83
QLEIX:
5.04
HICOX:
12.92
QLEIX:
24.53
HICOX:
0.52%
QLEIX:
1.17%
HICOX:
2.98%
QLEIX:
7.65%
HICOX:
-8.07%
QLEIX:
-42.90%
HICOX:
-1.20%
QLEIX:
-0.12%
Returns By Period
In the year-to-date period, HICOX achieves a -0.41% return, which is significantly lower than QLEIX's 2.56% return. Over the past 10 years, HICOX has underperformed QLEIX with an annualized return of 4.25%, while QLEIX has yielded a comparatively higher 8.95% annualized return.
HICOX
-0.41%
-0.19%
2.54%
7.26%
3.78%
4.25%
QLEIX
2.56%
3.20%
11.10%
28.09%
15.72%
8.95%
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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.
Risk-Adjusted Performance
HICOX vs. QLEIX — Risk-Adjusted Performance Rank
HICOX
QLEIX
HICOX vs. QLEIX - Risk-Adjusted Performance 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.
Dividends
HICOX vs. QLEIX - Dividend Comparison
HICOX's dividend yield for the trailing twelve months is around 4.99%, less than QLEIX's 6.94% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HICOX Colorado Bond Shares A Tax Exempt Fund | 4.99% | 5.44% | 4.97% | 4.43% | 3.84% | 4.00% | 4.07% | 4.03% | 4.69% | 4.73% | 4.13% | 4.79% |
QLEIX AQR Long-Short Equity Fund | 6.94% | 7.12% | 20.80% | 10.30% | 0.00% | 0.00% | 0.00% | 0.37% | 4.04% | 1.86% | 4.82% | 7.12% |
Drawdowns
HICOX vs. QLEIX - Drawdown Comparison
The maximum HICOX drawdown since its inception was -8.07%, smaller than the maximum QLEIX drawdown of -42.90%. Use the drawdown chart below to compare losses from any high point for HICOX and QLEIX. For additional features, visit the drawdowns tool.
Volatility
HICOX vs. QLEIX - Volatility Comparison
The current volatility for Colorado Bond Shares A Tax Exempt Fund (HICOX) is 0.96%, while AQR Long-Short Equity Fund (QLEIX) has a volatility of 2.50%. 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.