NLSIX vs. QLEIX
Compare and contrast key facts about Neuberger Berman Long Short Fund (NLSIX) and AQR Long-Short Equity Fund (QLEIX).
NLSIX is managed by Neuberger Berman. It was launched on Dec 28, 2011. 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: NLSIX or QLEIX.
Correlation
The correlation between NLSIX and QLEIX is 0.38, 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.
Performance
NLSIX vs. QLEIX - Performance Comparison
Key characteristics
NLSIX:
1.72
QLEIX:
4.07
NLSIX:
2.35
QLEIX:
5.61
NLSIX:
1.32
QLEIX:
1.81
NLSIX:
3.87
QLEIX:
5.42
NLSIX:
13.79
QLEIX:
26.50
NLSIX:
0.62%
QLEIX:
1.16%
NLSIX:
4.97%
QLEIX:
7.57%
NLSIX:
-17.89%
QLEIX:
-42.90%
NLSIX:
-1.08%
QLEIX:
-1.45%
Returns By Period
In the year-to-date period, NLSIX achieves a 2.51% return, which is significantly lower than QLEIX's 6.24% return. Over the past 10 years, NLSIX has underperformed QLEIX with an annualized return of 4.05%, while QLEIX has yielded a comparatively higher 9.05% annualized return.
NLSIX
2.51%
0.58%
4.99%
7.88%
5.01%
4.05%
QLEIX
6.24%
2.65%
14.80%
29.30%
17.39%
9.05%
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NLSIX vs. QLEIX - Expense Ratio Comparison
NLSIX has a 1.28% expense ratio, which is lower than QLEIX's 1.30% expense ratio.
Risk-Adjusted Performance
NLSIX vs. QLEIX — Risk-Adjusted Performance Rank
NLSIX
QLEIX
NLSIX vs. QLEIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Long Short Fund (NLSIX) 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
NLSIX vs. QLEIX - Dividend Comparison
NLSIX's dividend yield for the trailing twelve months is around 0.02%, less than QLEIX's 6.70% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NLSIX Neuberger Berman Long Short Fund | 0.02% | 0.02% | 0.65% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.20% |
QLEIX AQR Long-Short Equity Fund | 6.70% | 7.12% | 20.80% | 10.30% | 0.00% | 0.00% | 0.00% | 0.37% | 4.04% | 1.86% | 4.82% | 8.00% |
Drawdowns
NLSIX vs. QLEIX - Drawdown Comparison
The maximum NLSIX drawdown since its inception was -17.89%, smaller than the maximum QLEIX drawdown of -42.90%. Use the drawdown chart below to compare losses from any high point for NLSIX and QLEIX. For additional features, visit the drawdowns tool.
Volatility
NLSIX vs. QLEIX - Volatility Comparison
The current volatility for Neuberger Berman Long Short Fund (NLSIX) is 1.18%, while AQR Long-Short Equity Fund (QLEIX) has a volatility of 1.92%. This indicates that NLSIX 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.