QLEIX vs. EQLS
Compare and contrast key facts about AQR Long-Short Equity Fund (QLEIX) and Simplify Market Neutral Equity Long/Short ETF (EQLS).
QLEIX is managed by AQR Funds. It was launched on Jul 15, 2013. EQLS is an actively managed fund by Simplify. It was launched on Jun 13, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QLEIX or EQLS.
Performance
QLEIX vs. EQLS - Performance Comparison
Returns By Period
In the year-to-date period, QLEIX achieves a 28.13% return, which is significantly higher than EQLS's -4.48% return.
QLEIX
28.13%
4.51%
7.78%
27.55%
15.36%
8.98%
EQLS
-4.48%
-3.49%
-7.92%
-6.84%
N/A
N/A
Key characteristics
| QLEIX | EQLS | |
|---|---|---|
| Sharpe Ratio | 3.75 | -0.66 |
| Sortino Ratio | 5.27 | -0.84 |
| Omega Ratio | 1.77 | 0.90 |
| Calmar Ratio | 4.85 | -0.53 |
| Martin Ratio | 22.95 | -1.14 |
| Ulcer Index | 1.20% | 6.18% |
| Daily Std Dev | 7.34% | 10.72% |
| Max Drawdown | -42.90% | -13.33% |
| Current Drawdown | 0.00% | -12.78% |
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QLEIX vs. EQLS - Expense Ratio Comparison
QLEIX has a 1.30% expense ratio, which is higher than EQLS's 1.00% expense ratio.
Correlation
The correlation between QLEIX and EQLS is 0.22, 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
QLEIX vs. EQLS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Long-Short Equity Fund (QLEIX) and Simplify Market Neutral Equity Long/Short ETF (EQLS). 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
QLEIX vs. EQLS - Dividend Comparison
QLEIX's dividend yield for the trailing twelve months is around 16.23%, more than EQLS's 9.92% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
EQLS Simplify Market Neutral Equity Long/Short ETF | 9.92% | 8.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QLEIX vs. EQLS - Drawdown Comparison
The maximum QLEIX drawdown since its inception was -42.90%, which is greater than EQLS's maximum drawdown of -13.33%. Use the drawdown chart below to compare losses from any high point for QLEIX and EQLS. For additional features, visit the drawdowns tool.
Volatility
QLEIX vs. EQLS - Volatility Comparison
The current volatility for AQR Long-Short Equity Fund (QLEIX) is 2.09%, while Simplify Market Neutral Equity Long/Short ETF (EQLS) has a volatility of 3.51%. This indicates that QLEIX experiences smaller price fluctuations and is considered to be less risky than EQLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.