QLEIX vs. FXAIX
Compare and contrast key facts about AQR Long-Short Equity Fund (QLEIX) and Fidelity 500 Index Fund (FXAIX).
QLEIX is managed by AQR Funds. It was launched on Jul 15, 2013. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QLEIX or FXAIX.
Key characteristics
| QLEIX | FXAIX | |
|---|---|---|
| YTD Return | 16.67% | 6.04% |
| 1Y Return | 37.41% | 22.72% |
| 3Y Return (Ann) | 23.03% | 8.08% |
| 5Y Return (Ann) | 14.43% | 13.44% |
| 10Y Return (Ann) | 10.09% | 12.50% |
| Sharpe Ratio | 1.38 | 1.94 |
| Daily Std Dev | 27.18% | 11.68% |
| Max Drawdown | -39.20% | -33.79% |
| Current Drawdown | -4.01% | -4.08% |
Correlation
The correlation between QLEIX and FXAIX is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
QLEIX vs. FXAIX - Performance Comparison
In the year-to-date period, QLEIX achieves a 16.67% return, which is significantly higher than FXAIX's 6.04% return. Over the past 10 years, QLEIX has underperformed FXAIX with an annualized return of 10.09%, while FXAIX has yielded a comparatively higher 12.50% annualized 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. FXAIX - Expense Ratio Comparison
QLEIX has a 1.30% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
QLEIX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Long-Short Equity Fund (QLEIX) and Fidelity 500 Index Fund (FXAIX). 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. FXAIX - Dividend Comparison
QLEIX's dividend yield for the trailing twelve months is around 17.89%, more than FXAIX's 1.38% yield.
| 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% |
FXAIX Fidelity 500 Index Fund | 1.38% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
Drawdowns
QLEIX vs. FXAIX - Drawdown Comparison
The maximum QLEIX drawdown since its inception was -39.20%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for QLEIX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
QLEIX vs. FXAIX - Volatility Comparison
The current volatility for AQR Long-Short Equity Fund (QLEIX) is 2.44%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.88%. This indicates that QLEIX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.