PMM.TO vs. QLEIX
Compare and contrast key facts about Purpose Multi-Strategy Market Neutral Fund (PMM.TO) and AQR Long-Short Equity Fund (QLEIX).
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: PMM.TO or QLEIX.
Correlation
The correlation between PMM.TO and QLEIX is 0.28, 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
PMM.TO vs. QLEIX - Performance Comparison
Key characteristics
PMM.TO:
1.49
QLEIX:
4.25
PMM.TO:
2.05
QLEIX:
5.85
PMM.TO:
1.27
QLEIX:
1.86
PMM.TO:
1.54
QLEIX:
5.61
PMM.TO:
8.61
QLEIX:
27.53
PMM.TO:
1.59%
QLEIX:
1.16%
PMM.TO:
9.20%
QLEIX:
7.52%
PMM.TO:
-23.50%
QLEIX:
-42.90%
PMM.TO:
-2.52%
QLEIX:
-0.69%
Returns By Period
In the year-to-date period, PMM.TO achieves a -1.89% return, which is significantly lower than QLEIX's 7.05% return. Over the past 10 years, PMM.TO has underperformed QLEIX with an annualized return of 1.71%, while QLEIX has yielded a comparatively higher 9.16% annualized return.
PMM.TO
-1.89%
-0.81%
6.60%
13.86%
1.68%
1.71%
QLEIX
7.05%
3.94%
16.55%
31.69%
17.58%
9.16%
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PMM.TO vs. QLEIX - Expense Ratio Comparison
Risk-Adjusted Performance
PMM.TO vs. QLEIX — Risk-Adjusted Performance Rank
PMM.TO
QLEIX
PMM.TO vs. QLEIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Multi-Strategy Market Neutral Fund (PMM.TO) 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
PMM.TO vs. QLEIX - Dividend Comparison
PMM.TO has not paid dividends to shareholders, while QLEIX's dividend yield for the trailing twelve months is around 6.65%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMM.TO Purpose Multi-Strategy Market Neutral Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.92% | 2.44% | 0.00% | 0.00% | 0.00% |
QLEIX AQR Long-Short Equity Fund | 6.65% | 7.12% | 20.80% | 10.30% | 0.00% | 0.00% | 0.00% | 0.37% | 4.04% | 1.86% | 4.82% | 8.00% |
Drawdowns
PMM.TO vs. QLEIX - Drawdown Comparison
The maximum PMM.TO drawdown since its inception was -23.50%, smaller than the maximum QLEIX drawdown of -42.90%. Use the drawdown chart below to compare losses from any high point for PMM.TO and QLEIX. For additional features, visit the drawdowns tool.
Volatility
PMM.TO vs. QLEIX - Volatility Comparison
Purpose Multi-Strategy Market Neutral Fund (PMM.TO) has a higher volatility of 2.61% compared to AQR Long-Short Equity Fund (QLEIX) at 1.71%. This indicates that PMM.TO'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.