QLEIX vs. ETLQ.DE
Compare and contrast key facts about AQR Long-Short Equity Fund (QLEIX) and L&G Global Equity UCITS ETF (ETLQ.DE).
QLEIX is managed by AQR Funds. It was launched on Jul 15, 2013. ETLQ.DE is a passively managed fund by Legal & General that tracks the performance of the Solactive Core Developed Markets Large & Mid Cap. It was launched on Nov 13, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QLEIX or ETLQ.DE.
Key characteristics
| QLEIX | ETLQ.DE | |
|---|---|---|
| YTD Return | 16.67% | 8.81% |
| 1Y Return | 37.41% | 23.83% |
| Sharpe Ratio | 1.38 | 2.47 |
| Daily Std Dev | 27.18% | 9.71% |
| Max Drawdown | -39.20% | -12.37% |
| Current Drawdown | -4.01% | -2.05% |
Correlation
The correlation between QLEIX and ETLQ.DE is 0.21, 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. ETLQ.DE - Performance Comparison
In the year-to-date period, QLEIX achieves a 16.67% return, which is significantly higher than ETLQ.DE's 8.81% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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QLEIX vs. ETLQ.DE - Expense Ratio Comparison
QLEIX has a 1.30% expense ratio, which is higher than ETLQ.DE's 0.10% expense ratio.
Risk-Adjusted Performance
QLEIX vs. ETLQ.DE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Long-Short Equity Fund (QLEIX) and L&G Global Equity UCITS ETF (ETLQ.DE). 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. ETLQ.DE - Dividend Comparison
QLEIX's dividend yield for the trailing twelve months is around 17.89%, while ETLQ.DE has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLEIX AQR Long-Short Equity Fund | 17.89% | 20.87% | 14.15% | 0.00% | 1.57% | 0.00% | 6.03% | 9.11% | 3.01% | 4.98% | 0.89% | 8.81% |
ETLQ.DE L&G Global Equity UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QLEIX vs. ETLQ.DE - Drawdown Comparison
The maximum QLEIX drawdown since its inception was -39.20%, which is greater than ETLQ.DE's maximum drawdown of -12.37%. Use the drawdown chart below to compare losses from any high point for QLEIX and ETLQ.DE. For additional features, visit the drawdowns tool.
Volatility
QLEIX vs. ETLQ.DE - Volatility Comparison
The current volatility for AQR Long-Short Equity Fund (QLEIX) is 2.44%, while L&G Global Equity UCITS ETF (ETLQ.DE) has a volatility of 3.54%. This indicates that QLEIX experiences smaller price fluctuations and is considered to be less risky than ETLQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.