QLEIX vs. BDMIX
Compare and contrast key facts about AQR Long-Short Equity Fund (QLEIX) and BlackRock Global Long/Short Equity Fund Class I (BDMIX).
QLEIX is managed by AQR Funds. It was launched on Jul 15, 2013. BDMIX is managed by BlackRock. It was launched on Dec 20, 2012.
Performance
QLEIX vs. BDMIX - Performance Comparison
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QLEIX vs. BDMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QLEIX AQR Long-Short Equity Fund | -2.98% | 34.43% | 30.50% | 23.95% | 19.18% | 31.10% | -13.92% | 1.19% | -16.33% | 15.74% |
BDMIX BlackRock Global Long/Short Equity Fund Class I | 4.32% | 18.30% | 21.39% | 14.55% | 1.80% | 3.34% | 0.29% | -0.85% | 2.20% | 12.85% |
Returns By Period
In the year-to-date period, QLEIX achieves a -2.98% return, which is significantly lower than BDMIX's 4.32% return. Over the past 10 years, QLEIX has outperformed BDMIX with an annualized return of 11.57%, while BDMIX has yielded a comparatively lower 7.29% annualized return.
QLEIX
- 1D
- 0.29%
- 1M
- -1.96%
- YTD
- -2.98%
- 6M
- 4.47%
- 1Y
- 19.47%
- 3Y*
- 26.66%
- 5Y*
- 22.56%
- 10Y*
- 11.57%
BDMIX
- 1D
- 0.73%
- 1M
- 1.60%
- YTD
- 4.32%
- 6M
- 8.75%
- 1Y
- 17.17%
- 3Y*
- 18.86%
- 5Y*
- 11.38%
- 10Y*
- 7.29%
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QLEIX vs. BDMIX - Expense Ratio Comparison
QLEIX has a 1.30% expense ratio, which is lower than BDMIX's 1.57% expense ratio.
Return for Risk
QLEIX vs. BDMIX — Risk / Return Rank
QLEIX
BDMIX
QLEIX vs. BDMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Long-Short Equity Fund (QLEIX) and BlackRock Global Long/Short Equity Fund Class I (BDMIX). 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.
| QLEIX | BDMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.33 | 2.55 | -0.23 |
Sortino ratioReturn per unit of downside risk | 3.01 | 3.73 | -0.73 |
Omega ratioGain probability vs. loss probability | 1.48 | 1.48 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 3.10 | 5.14 | -2.04 |
Martin ratioReturn relative to average drawdown | 12.22 | 14.25 | -2.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QLEIX | BDMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.33 | 2.55 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.22 | 1.76 | +0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.10 | 1.27 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 1.15 | -0.04 |
Correlation
The correlation between QLEIX and BDMIX is 0.26, 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.
Dividends
QLEIX vs. BDMIX - Dividend Comparison
QLEIX's dividend yield for the trailing twelve months is around 1.81%, less than BDMIX's 8.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLEIX AQR Long-Short Equity Fund | 1.81% | 1.75% | 7.12% | 20.88% | 14.15% | 0.00% | 1.57% | 0.00% | 6.03% | 9.11% | 3.01% | 4.98% |
BDMIX BlackRock Global Long/Short Equity Fund Class I | 8.56% | 8.94% | 13.26% | 7.42% | 0.00% | 1.23% | 0.30% | 6.78% | 0.94% | 0.00% | 0.00% | 1.86% |
Drawdowns
QLEIX vs. BDMIX - Drawdown Comparison
The maximum QLEIX drawdown since its inception was -38.11%, which is greater than BDMIX's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for QLEIX and BDMIX.
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Drawdown Indicators
| QLEIX | BDMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.11% | -11.89% | -26.22% |
Max Drawdown (1Y)Largest decline over 1 year | -6.49% | -3.60% | -2.89% |
Max Drawdown (5Y)Largest decline over 5 years | -17.07% | -7.45% | -9.62% |
Max Drawdown (10Y)Largest decline over 10 years | -38.11% | -9.44% | -28.67% |
Current DrawdownCurrent decline from peak | -3.57% | -0.13% | -3.44% |
Average DrawdownAverage peak-to-trough decline | -7.80% | -2.71% | -5.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 1.30% | +0.34% |
Volatility
QLEIX vs. BDMIX - Volatility Comparison
AQR Long-Short Equity Fund (QLEIX) has a higher volatility of 1.88% compared to BlackRock Global Long/Short Equity Fund Class I (BDMIX) at 1.72%. This indicates that QLEIX's price experiences larger fluctuations and is considered to be riskier than BDMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QLEIX | BDMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.88% | 1.72% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 4.90% | 4.78% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.61% | 6.93% | +1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.22% | 6.51% | +3.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.55% | 5.77% | +4.78% |