LEQIX vs. QLEIX
Compare and contrast key facts about LoCorr Dynamic Equity Fund (LEQIX) and AQR Long-Short Equity Fund (QLEIX).
LEQIX is managed by LoCorr Funds. It was launched on May 9, 2013. QLEIX is managed by AQR Funds. It was launched on Jul 15, 2013.
Performance
LEQIX vs. QLEIX - Performance Comparison
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LEQIX vs. QLEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LEQIX LoCorr Dynamic Equity Fund | -0.18% | 2.88% | 11.56% | 3.43% | -8.80% | 14.59% | 4.03% | 13.68% | -12.53% | 2.58% |
QLEIX AQR Long-Short Equity Fund | -2.98% | 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, LEQIX achieves a -0.18% return, which is significantly higher than QLEIX's -2.98% return. Over the past 10 years, LEQIX has underperformed QLEIX with an annualized return of 5.12%, while QLEIX has yielded a comparatively higher 11.57% annualized return.
LEQIX
- 1D
- 1.65%
- 1M
- -2.46%
- YTD
- -0.18%
- 6M
- -0.97%
- 1Y
- 8.83%
- 3Y*
- 6.13%
- 5Y*
- 2.50%
- 10Y*
- 5.12%
QLEIX
- 1D
- 0.29%
- 1M
- -1.96%
- YTD
- -2.98%
- 6M
- 4.47%
- 1Y
- 19.47%
- 3Y*
- 26.66%
- 5Y*
- 22.56%
- 10Y*
- 11.57%
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LEQIX vs. QLEIX - Expense Ratio Comparison
LEQIX has a 1.99% expense ratio, which is higher than QLEIX's 1.30% expense ratio.
Return for Risk
LEQIX vs. QLEIX — Risk / Return Rank
LEQIX
QLEIX
LEQIX vs. QLEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LoCorr Dynamic Equity Fund (LEQIX) 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.
| LEQIX | QLEIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.87 | 2.33 | -1.46 |
Sortino ratioReturn per unit of downside risk | 1.36 | 3.01 | -1.65 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.48 | -0.31 |
Calmar ratioReturn relative to maximum drawdown | 1.47 | 3.10 | -1.63 |
Martin ratioReturn relative to average drawdown | 4.46 | 12.22 | -7.76 |
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
| LEQIX | QLEIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 2.33 | -1.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 2.22 | -1.97 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 1.10 | -0.68 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 1.11 | -0.88 |
Correlation
The correlation between LEQIX and QLEIX is 0.35, 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
LEQIX vs. QLEIX - Dividend Comparison
LEQIX's dividend yield for the trailing twelve months is around 20.31%, more than QLEIX's 1.81% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LEQIX LoCorr Dynamic Equity Fund | 20.31% | 20.27% | 1.22% | 1.50% | 1.31% | 6.09% | 0.00% | 0.33% | 3.86% | 4.40% | 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
LEQIX vs. QLEIX - Drawdown Comparison
The maximum LEQIX drawdown since its inception was -32.49%, smaller than the maximum QLEIX drawdown of -38.11%. Use the drawdown chart below to compare losses from any high point for LEQIX and QLEIX.
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Drawdown Indicators
| LEQIX | QLEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.49% | -38.11% | +5.62% |
Max Drawdown (1Y)Largest decline over 1 year | -5.94% | -6.49% | +0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -17.78% | -17.07% | -0.71% |
Max Drawdown (10Y)Largest decline over 10 years | -32.49% | -38.11% | +5.62% |
Current DrawdownCurrent decline from peak | -2.98% | -3.57% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -6.84% | -7.80% | +0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 1.64% | +0.32% |
Volatility
LEQIX vs. QLEIX - Volatility Comparison
LoCorr Dynamic Equity Fund (LEQIX) has a higher volatility of 2.79% compared to AQR Long-Short Equity Fund (QLEIX) at 1.88%. This indicates that LEQIX'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
| LEQIX | QLEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 1.88% | +0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 6.39% | 4.90% | +1.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.98% | 8.61% | +1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.93% | 10.22% | -0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.20% | 10.55% | +1.65% |