QCELX vs. CGUS

Last updated Aug 1, 2026

QCELX (AQR Large Cap Multi-Style Fund) and CGUS (Capital Group Core Equity ETF) are both Large Cap Blend Equities funds. Over the past 3 years, QCELX returned 23.69%/yr vs 20.27%/yr for CGUS. Their correlation of 0.94 means they have usually moved in the same direction. QCELX charges 0.41%/yr vs 0.33%/yr for CGUS.

Performance

QCELX vs. CGUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR Large Cap Multi-Style Fund (QCELX) and Capital Group Core Equity ETF (CGUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QCELX achieves a 18.14% return, which is significantly higher than CGUS's 11.56% return.

QCELX

• 1D: 1.24%
• 1M: 1.62%
• 6M: 14.89%
• YTD: 18.14%
• 1Y: 32.89%
• 3Y*: 23.69%
• 5Y*: 15.42%
• 10Y*: 14.84%
• ALL TIME*: 12.97%

CGUS

• 1D: 1.29%
• 1M: 1.20%
• 6M: 9.60%
• YTD: 11.56%
• 1Y: 20.31%
• 3Y*: 20.27%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.53%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CGUS Capital Group Core Equity ETF	$55.53M	$48.14M	$48.07M
QCELX AQR Large Cap Multi-Style Fund	$0.00	$0.00	$0.00

QCELX vs. CGUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
QCELX AQR Large Cap Multi-Style Fund	18.14%	23.38%	22.73%	26.30%	-6.63%
CGUS Capital Group Core Equity ETF	11.56%	16.21%	24.89%	27.72%	-4.78%

Correlation

The correlation between QCELX and CGUS is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (3Y) Balances recent behavior with more history.	0.93
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022	0.94

The correlation between QCELX and CGUS has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

Return for Risk

QCELX vs. CGUS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QCELX

QCELX Risk / Return Rank: 90
QCELX Sharpe Ratio Rank: 90
QCELX Sortino Ratio Rank: 86
QCELX Omega Ratio Rank: 83
QCELX Calmar Ratio Rank: 94
QCELX Martin Ratio Rank: 96

CGUS

CGUS Risk / Return Rank: 58
CGUS Sharpe Ratio Rank: 58
CGUS Sortino Ratio Rank: 55
CGUS Omega Ratio Rank: 56
CGUS Calmar Ratio Rank: 53
CGUS Martin Ratio Rank: 70

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QCELX vs. CGUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR Large Cap Multi-Style Fund (QCELX) and Capital Group Core Equity ETF (CGUS). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	QCELX	CGUS	Difference
Sharpe ratio: Return per unit of total volatility	2.27	1.36	+0.91
Sortino ratio: Return per unit of downside risk	3.09	1.91	+1.18
Omega ratio: Gain probability vs. loss probability	1.40	1.25	+0.15
Calmar ratio: Return relative to maximum drawdown	3.84	1.90	+1.94
Martin ratio: Return relative to average drawdown	16.20	8.53	+7.68

QCELX vs. CGUS - Sharpe Ratio Comparison

The current QCELX Sharpe Ratio is 2.27, which is higher than the CGUS Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of QCELX and CGUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QCELX vs. CGUS - Drawdown Comparison

The maximum QCELX drawdown since its inception was -33.52%, which is greater than CGUS's maximum drawdown of -21.86%. Use the drawdown chart below to compare losses from any high point for QCELX and CGUS.

Drawdown Indicators

	QCELX	CGUS	Difference
Max Drawdown Largest peak-to-trough decline	-33.52%	-21.86%	-11.66%
Max Drawdown (1Y) Largest decline over 1 year	-7.92%	-9.59%	+1.67%
Max Drawdown (3Y) Largest decline over 3 years	-18.38%	-18.06%	-0.32%
Max Drawdown (5Y) Largest decline over 5 years	-28.70%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.52%	—	—
Current Drawdown Current decline from peak	-0.29%	-0.23%	-0.06%
Average Drawdown Average peak-to-trough decline	-5.60%	-4.52%	-1.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	2.14%	-0.27%

Volatility

QCELX vs. CGUS - Volatility Comparison

The current volatility for AQR Large Cap Multi-Style Fund (QCELX) is 3.02%, while Capital Group Core Equity ETF (CGUS) has a volatility of 3.67%. This indicates that QCELX experiences smaller price fluctuations and is considered to be less risky than CGUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QCELX	CGUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.02%	3.67%	-0.65%
Volatility (6M) Calculated over the trailing 6-month period	10.07%	10.56%	-0.49%
Volatility (1Y) Calculated over the trailing 1-year period	13.41%	13.39%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.99%	16.42%	+2.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.96%	16.42%	+2.54%

QCELX vs. CGUS - Expense Ratio Comparison

QCELX has a 0.41% expense ratio, which is higher than CGUS's 0.33% expense ratio.

Dividends

QCELX vs. CGUS - Dividend Comparison

QCELX's dividend yield for the trailing twelve months is around 12.19%, more than CGUS's 0.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGUS Capital Group Core Equity ETF	0.83%	0.95%	1.02%	1.22%	1.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QCELX AQR Large Cap Multi-Style Fund	12.19%	14.40%	12.89%	13.67%	11.05%	12.41%	9.94%	5.36%	7.81%	0.99%	1.28%	0.89%

Frequently Asked Questions

Can I hold both QCELX and CGUS in my portfolio?

With a correlation of 0.91, QCELX and CGUS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, QCELX or CGUS?

CGUS has higher volatility (3.67%) compared to QCELX (3.02%). In terms of maximum drawdown, QCELX dropped -33.52% vs CGUS's -21.86%.

Which has better risk-adjusted returns?

QCELX currently has the higher Sharpe Ratio (2.27 vs 1.36), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.