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OPPX vs. QLEIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between OPPX and QLEIX is 0.30, 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.

OPPX vs. QLEIX

Last updated Jun 3, 2025

Compare and contrast key facts about Corbett Road Tactical Opportunity ETF (OPPX) and AQR Long-Short Equity Fund (QLEIX).

OPPX is an actively managed fund by Exchange Traded Concepts. It was launched on Feb 25, 2021. 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: OPPX or QLEIX.

Performance

OPPX vs. QLEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Corbett Road Tactical Opportunity ETF (OPPX) and AQR Long-Short Equity Fund (QLEIX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Returns By Period

OPPX

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

3Y*

N/A

5Y*

N/A

10Y*

N/A

QLEIX

YTD

16.17%

1M

4.67%

6M

17.80%

1Y

24.34%

3Y*

22.11%

5Y*

24.58%

10Y*

11.93%

*Annualized

Compare stocks, funds, or ETFs

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Corbett Road Tactical Opportunity ETF

AQR Long-Short Equity Fund

OPPX vs. QLEIX - Expense Ratio Comparison

OPPX has a 0.75% expense ratio, which is lower than QLEIX's 1.30% expense ratio.

QLEIX
AQR Long-Short Equity Fund
OPPX
Corbett Road Tactical Opportunity ETF
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

OPPX vs. QLEIX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
OPPX
QLEIX
The Risk-Adjusted Performance Rank of QLEIX is 9494
Overall Rank
The Sharpe Ratio Rank of QLEIX is 9595
Sharpe Ratio Rank
The Sortino Ratio Rank of QLEIX is 9393
Sortino Ratio Rank
The Omega Ratio Rank of QLEIX is 9393
Omega Ratio Rank
The Calmar Ratio Rank of QLEIX is 9595
Calmar Ratio Rank
The Martin Ratio Rank of QLEIX is 9696
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

OPPX vs. QLEIX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Corbett Road Tactical Opportunity ETF (OPPX) 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.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

OPPX vs. QLEIX - Dividend Comparison

OPPX has not paid dividends to shareholders, while QLEIX's dividend yield for the trailing twelve months is around 6.13%.

TTM20242023202220212020201920182017201620152014
OPPX
Corbett Road Tactical Opportunity ETF		0.00%0.00%10.93%0.62%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
QLEIX
AQR Long-Short Equity Fund		6.13%7.12%20.80%14.15%0.00%1.57%0.00%6.03%9.12%3.01%4.98%8.00%

Drawdowns

OPPX vs. QLEIX - Drawdown Comparison

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

OPPX vs. QLEIX - Volatility Comparison

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