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.
Correlation
The correlation between QLEIX and EQLS is 0.24, 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.
Performance
QLEIX vs. EQLS - Performance Comparison
Key characteristics
QLEIX:
1.86
EQLS:
-0.57
QLEIX:
2.12
EQLS:
-0.71
QLEIX:
1.46
EQLS:
0.92
QLEIX:
2.36
EQLS:
-0.46
QLEIX:
9.46
EQLS:
-0.82
QLEIX:
2.06%
EQLS:
7.45%
QLEIX:
10.45%
EQLS:
10.85%
QLEIX:
-42.90%
EQLS:
-13.33%
QLEIX:
-6.69%
EQLS:
-12.92%
Returns By Period
In the year-to-date period, QLEIX achieves a 1.06% return, which is significantly higher than EQLS's 0.19% return.
QLEIX
1.06%
-6.42%
1.95%
18.78%
14.14%
8.18%
EQLS
0.19%
-1.14%
-10.22%
-5.77%
N/A
N/A
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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.
Risk-Adjusted Performance
QLEIX vs. EQLS — Risk-Adjusted Performance Rank
QLEIX
EQLS
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 has not paid dividends to shareholders, while EQLS's dividend yield for the trailing twelve months is around 0.95%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLEIX AQR Long-Short Equity Fund | 0.00% | 0.00% | 20.80% | 10.30% | 0.00% | 0.00% | 0.00% | 0.37% | 4.04% | 1.86% | 4.82% | 8.00% |
EQLS Simplify Market Neutral Equity Long/Short ETF | 0.95% | 0.95% | 8.50% | 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
AQR Long-Short Equity Fund (QLEIX) has a higher volatility of 7.87% compared to Simplify Market Neutral Equity Long/Short ETF (EQLS) at 3.48%. This indicates that QLEIX's price experiences larger fluctuations and is considered to be riskier than EQLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.