OPPX vs. QLEIX
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.
Correlation
The correlation between OPPX and QLEIX is 0.16, 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
OPPX vs. QLEIX - Performance Comparison
Key characteristics
Returns By Period
OPPX
N/A
N/A
N/A
N/A
N/A
N/A
QLEIX
7.80%
5.11%
17.15%
32.80%
17.70%
9.32%
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OPPX vs. QLEIX - Expense Ratio Comparison
OPPX has a 0.75% expense ratio, which is lower than QLEIX's 1.30% expense ratio.
Risk-Adjusted Performance
OPPX vs. QLEIX — Risk-Adjusted Performance Rank
OPPX
QLEIX
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.
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 6.61%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 6.61% | 7.12% | 20.80% | 10.30% | 0.00% | 0.00% | 0.00% | 0.37% | 4.04% | 1.86% | 4.82% | 8.00% |
Drawdowns
OPPX vs. QLEIX - Drawdown Comparison
Volatility
OPPX vs. QLEIX - Volatility Comparison
The current volatility for Corbett Road Tactical Opportunity ETF (OPPX) is 0.00%, while AQR Long-Short Equity Fund (QLEIX) has a volatility of 1.48%. This indicates that OPPX 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.