PRPFX vs. QLEIX
Compare and contrast key facts about Permanent Portfolio Permanent Portfolio (PRPFX) and AQR Long-Short Equity Fund (QLEIX).
PRPFX is managed by Permanent Portfolio. It was launched on Nov 30, 1982. 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: PRPFX or QLEIX.
Performance
PRPFX vs. QLEIX - Performance Comparison
Returns By Period
In the year-to-date period, PRPFX achieves a 25.73% return, which is significantly lower than QLEIX's 28.13% return. Over the past 10 years, PRPFX has underperformed QLEIX with an annualized return of 8.09%, while QLEIX has yielded a comparatively higher 8.97% annualized return.
PRPFX
25.73%
3.90%
15.80%
31.10%
12.54%
8.09%
QLEIX
28.13%
5.10%
7.03%
27.55%
15.35%
8.97%
Key characteristics
| PRPFX | QLEIX | |
|---|---|---|
| Sharpe Ratio | 3.38 | 3.75 |
| Sortino Ratio | 4.66 | 5.27 |
| Omega Ratio | 1.63 | 1.77 |
| Calmar Ratio | 7.16 | 4.85 |
| Martin Ratio | 24.61 | 22.95 |
| Ulcer Index | 1.26% | 1.20% |
| Daily Std Dev | 9.19% | 7.34% |
| Max Drawdown | -27.16% | -42.90% |
| Current Drawdown | 0.00% | 0.00% |
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PRPFX vs. QLEIX - Expense Ratio Comparison
PRPFX has a 0.81% expense ratio, which is lower than QLEIX's 1.30% expense ratio.
Correlation
The correlation between PRPFX and QLEIX is 0.32, 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.
Risk-Adjusted Performance
PRPFX vs. QLEIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Permanent Portfolio Permanent Portfolio (PRPFX) 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
PRPFX vs. QLEIX - Dividend Comparison
PRPFX's dividend yield for the trailing twelve months is around 0.52%, less than QLEIX's 16.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRPFX Permanent Portfolio Permanent Portfolio | 0.52% | 0.65% | 0.31% | 0.36% | 0.93% | 0.97% | 0.88% | 0.82% | 0.82% | 1.19% | 0.68% | 0.58% |
QLEIX AQR Long-Short Equity Fund | 16.23% | 20.80% | 10.30% | 0.00% | 0.00% | 0.00% | 0.37% | 4.04% | 1.86% | 4.82% | 8.00% | 6.58% |
Drawdowns
PRPFX vs. QLEIX - Drawdown Comparison
The maximum PRPFX drawdown since its inception was -27.16%, smaller than the maximum QLEIX drawdown of -42.90%. Use the drawdown chart below to compare losses from any high point for PRPFX and QLEIX. For additional features, visit the drawdowns tool.
Volatility
PRPFX vs. QLEIX - Volatility Comparison
Permanent Portfolio Permanent Portfolio (PRPFX) has a higher volatility of 2.69% compared to AQR Long-Short Equity Fund (QLEIX) at 2.10%. This indicates that PRPFX'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.