IDV vs. QLEIX

Last updated Jun 9, 2026

IDV (iShares International Select Dividend ETF) and QLEIX (AQR Long-Short Equity Fund) are both funds - IDV is a Global Equities fund tracking the Dow Jones EPAC Select Dividend, while QLEIX is a Long-Short fund managed by AQR Funds. Over the past 10 years, IDV returned 10.33%/yr vs 11.88%/yr for QLEIX. At a 0.48 correlation, their price movements are largely independent. IDV charges 0.49%/yr vs 1.30%/yr for QLEIX.

Performance

IDV vs. QLEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares International Select Dividend ETF (IDV) and AQR Long-Short Equity Fund (QLEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IDV achieves a 10.84% return, which is significantly higher than QLEIX's -0.90% return. Over the past 10 years, IDV has underperformed QLEIX with an annualized return of 10.33%, while QLEIX has yielded a comparatively higher 11.88% annualized return.

IDV

• 1D: 0.23%
• 1M: -2.36%
• YTD: 10.84%
• 6M: 14.01%
• 1Y: 33.84%
• 3Y*: 24.24%
• 5Y*: 11.70%
• 10Y*: 10.33%

QLEIX

• 1D: -0.99%
• 1M: 0.96%
• YTD: -0.90%
• 6M: 2.17%
• 1Y: 14.56%
• 3Y*: 26.92%
• 5Y*: 21.52%
• 10Y*: 11.88%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IDV vs. QLEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IDV iShares International Select Dividend ETF	10.84%	52.16%	4.00%	10.32%	-6.40%	12.00%	-5.94%	23.56%	-10.37%	19.74%
QLEIX AQR Long-Short Equity Fund	-0.90%	34.43%	30.50%	23.95%	19.18%	31.10%	-13.92%	1.19%	-16.33%	15.74%

Correlation

The correlation between IDV and QLEIX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (10Y) Calculated over the trailing 10-year period	0.47
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.48

The correlation between IDV and QLEIX shifts across timeframes, from 0.32 (3 years) to 0.48 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IDV vs. QLEIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IDV

IDV Risk / Return Rank: 84
IDV Sharpe Ratio Rank: 88
IDV Sortino Ratio Rank: 84
IDV Omega Ratio Rank: 86
IDV Calmar Ratio Rank: 83
IDV Martin Ratio Rank: 82

QLEIX

QLEIX Risk / Return Rank: 48
QLEIX Sharpe Ratio Rank: 53
QLEIX Sortino Ratio Rank: 55
QLEIX Omega Ratio Rank: 51
QLEIX Calmar Ratio Rank: 46
QLEIX Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IDV vs. QLEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares International Select Dividend ETF (IDV) 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.

	IDV	QLEIX	Difference
Sharpe ratio: Return per unit of total volatility	2.63	2.06	+0.57
Sortino ratio: Return per unit of downside risk	3.42	3.02	+0.40
Omega ratio: Gain probability vs. loss probability	1.47	1.38	+0.10
Calmar ratio: Return relative to maximum drawdown	3.99	2.49	+1.50
Martin ratio: Return relative to average drawdown	15.00	7.84	+7.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IDV vs. QLEIX - Sharpe Ratio Comparison

The current IDV Sharpe Ratio is 2.63, which is comparable to the QLEIX Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of IDV and QLEIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IDV	QLEIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	2.06	+0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	2.14	-1.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	1.13	-0.55
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	1.11	-0.90

Drawdowns

IDV vs. QLEIX - Drawdown Comparison

The maximum IDV drawdown since its inception was -70.14%, which is greater than QLEIX's maximum drawdown of -38.11%. Use the drawdown chart below to compare losses from any high point for IDV and QLEIX.

Drawdown Indicators

	IDV	QLEIX	Difference
Max Drawdown Largest peak-to-trough decline	-70.14%	-38.11%	-32.03%
Max Drawdown (1Y) Largest decline over 1 year	-8.52%	-6.01%	-2.51%
Max Drawdown (3Y) Largest decline over 3 years	-11.86%	-7.07%	-4.79%
Max Drawdown (5Y) Largest decline over 5 years	-29.19%	-17.07%	-12.12%
Max Drawdown (10Y) Largest decline over 10 years	-42.50%	-38.11%	-4.39%
Current Drawdown Current decline from peak	-4.08%	-1.50%	-2.58%
Average Drawdown Average peak-to-trough decline	-15.39%	-7.73%	-7.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.26%	1.91%	+0.35%

Volatility

IDV vs. QLEIX - Volatility Comparison

iShares International Select Dividend ETF (IDV) has a higher volatility of 3.91% compared to AQR Long-Short Equity Fund (QLEIX) at 2.24%. This indicates that IDV'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.

Volatility by Period

	IDV	QLEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.91%	2.24%	+1.67%
Volatility (6M) Calculated over the trailing 6-month period	10.71%	5.65%	+5.06%
Volatility (1Y) Calculated over the trailing 1-year period	12.96%	7.27%	+5.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.56%	10.10%	+5.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.94%	10.58%	+7.36%

IDV vs. QLEIX - Expense Ratio Comparison

IDV has a 0.49% expense ratio, which is lower than QLEIX's 1.30% expense ratio.

Dividends

IDV vs. QLEIX - Dividend Comparison

IDV's dividend yield for the trailing twelve months is around 4.51%, more than QLEIX's 1.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDV iShares International Select Dividend ETF	4.51%	4.94%	6.46%	6.51%	7.33%	5.78%	5.47%	5.15%	5.93%	4.52%	4.69%	5.08%
QLEIX AQR Long-Short Equity Fund	1.77%	1.75%	7.12%	20.88%	14.15%	0.00%	1.57%	0.00%	6.03%	9.11%	3.01%	4.98%

Frequently Asked Questions

Can I hold both IDV and QLEIX in my portfolio?

IDV and QLEIX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IDV or QLEIX?

IDV has higher volatility (3.91%) compared to QLEIX (2.24%). In terms of maximum drawdown, IDV dropped -70.14% vs QLEIX's -38.11%.

Which has better risk-adjusted returns?

IDV currently has the higher Sharpe Ratio (2.63 vs 2.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.