Correlation
The correlation between QCELX and SPY is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
QCELX vs. SPY
Compare and contrast key facts about AQR Large Cap Multi-Style Fund (QCELX) and SPDR S&P 500 ETF (SPY).
QCELX is managed by AQR Funds. It was launched on Mar 26, 2013. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QCELX or SPY.
Performance
QCELX vs. SPY - Performance Comparison
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Key characteristics
QCELX:
0.12
SPY:
0.70
QCELX:
0.24
SPY:
1.02
QCELX:
1.04
SPY:
1.15
QCELX:
0.06
SPY:
0.68
QCELX:
0.16
SPY:
2.57
QCELX:
10.31%
SPY:
4.93%
QCELX:
23.27%
SPY:
20.42%
QCELX:
-36.96%
SPY:
-55.19%
QCELX:
-10.79%
SPY:
-3.55%
Returns By Period
In the year-to-date period, QCELX achieves a 4.07% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, QCELX has underperformed SPY with an annualized return of 4.43%, while SPY has yielded a comparatively higher 12.73% annualized return.
QCELX
4.07%
7.64%
-9.80%
2.68%
2.90%
5.49%
4.43%
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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QCELX vs. SPY - Expense Ratio Comparison
QCELX has a 0.41% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
QCELX vs. SPY — Risk-Adjusted Performance Rank
QCELX
SPY
QCELX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Large Cap Multi-Style Fund (QCELX) and SPDR S&P 500 ETF (SPY). 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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Dividends
QCELX vs. SPY - Dividend Comparison
QCELX's dividend yield for the trailing twelve months is around 12.39%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QCELX AQR Large Cap Multi-Style Fund | 12.39% | 12.89% | 13.67% | 11.04% | 12.41% | 9.94% | 5.36% | 7.81% | 2.25% | 1.28% | 0.90% | 0.86% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
QCELX vs. SPY - Drawdown Comparison
The maximum QCELX drawdown since its inception was -36.96%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for QCELX and SPY.
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Volatility
QCELX vs. SPY - Volatility Comparison
AQR Large Cap Multi-Style Fund (QCELX) and SPDR S&P 500 ETF (SPY) have volatilities of 4.82% and 4.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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