QLEIX vs. GLEIX
QLEIX (AQR Long-Short Equity Fund) and GLEIX (Goldman Sachs Energy Infrastructure Fund) are both mutual funds - QLEIX is a Long-Short fund actively managed by AQR Funds, while GLEIX is a Energy Equities fund managed by Goldman Sachs. Over the past 5 years, QLEIX returned 22.70%/yr vs 23.61%/yr for GLEIX. At a 0.35 correlation, their price movements are largely independent. QLEIX charges 1.30%/yr vs 1.23%/yr for GLEIX.
Performance
QLEIX vs. GLEIX - Performance Comparison
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Returns By Period
In the year-to-date period, QLEIX achieves a -1.65% return, which is significantly lower than GLEIX's 24.97% return.
QLEIX
- 1D
- -0.14%
- 1M
- -0.81%
- 6M
- -0.72%
- YTD
- -1.65%
- 1Y
- 14.30%
- 3Y*
- 24.66%
- 5Y*
- 22.70%
- 10Y*
- 11.71%
GLEIX
- 1D
- -0.68%
- 1M
- 0.35%
- 6M
- 26.23%
- YTD
- 24.97%
- 1Y
- 29.14%
- 3Y*
- 31.40%
- 5Y*
- 23.61%
- 10Y*
- —
QLEIX vs. GLEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QLEIX AQR Long-Short Equity Fund | -1.65% | 34.43% | 30.50% | 23.95% | 19.18% | 31.10% | -13.92% | 1.19% | -16.33% | 1.12% |
GLEIX Goldman Sachs Energy Infrastructure Fund | 24.97% | 5.30% | 58.18% | 15.08% | 18.96% | 38.31% | -17.46% | 16.95% | -15.17% | 6.98% |
Correlation
The correlation between QLEIX and GLEIX is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2017 | 0.35 |
The correlation between QLEIX and GLEIX shifts across timeframes, from -0.05 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QLEIX vs. GLEIX — Risk / Return Rank
QLEIX
GLEIX
QLEIX vs. GLEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Long-Short Equity Fund (QLEIX) and Goldman Sachs Energy Infrastructure Fund (GLEIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QLEIX | GLEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.34 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 4.10 | -1.75 |
| Martin ratioReturn relative to average drawdown | 6.82 | 9.46 | -2.64 |
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Drawdowns
QLEIX vs. GLEIX - Drawdown Comparison
The maximum QLEIX drawdown since its inception was -38.11%, smaller than the maximum GLEIX drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for QLEIX and GLEIX.
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Drawdown Indicators
| QLEIX | GLEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.11% | -59.27% | +21.16% |
Max Drawdown (1Y)Largest decline over 1 year | -6.01% | -7.29% | +1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -7.07% | -17.07% | +10.00% |
Max Drawdown (5Y)Largest decline over 5 years | -17.07% | -21.89% | +4.82% |
Max Drawdown (10Y)Largest decline over 10 years | -38.11% | — | — |
Current DrawdownCurrent decline from peak | -2.25% | -3.64% | +1.39% |
Average DrawdownAverage peak-to-trough decline | -7.69% | -8.49% | +0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 3.15% | -1.08% |
Volatility
QLEIX vs. GLEIX - Volatility Comparison
The current volatility for AQR Long-Short Equity Fund (QLEIX) is 3.29%, while Goldman Sachs Energy Infrastructure Fund (GLEIX) has a volatility of 5.36%. This indicates that QLEIX experiences smaller price fluctuations and is considered to be less risky than GLEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QLEIX | GLEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.29% | 5.36% | -2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 6.23% | 11.55% | -5.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.72% | 14.90% | -7.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.03% | 20.59% | -10.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.56% | 25.38% | -14.82% |
QLEIX vs. GLEIX - Expense Ratio Comparison
QLEIX has a 1.30% expense ratio, which is higher than GLEIX's 1.23% expense ratio.
Dividends
QLEIX vs. GLEIX - Dividend Comparison
QLEIX's dividend yield for the trailing twelve months is around 1.78%, less than GLEIX's 8.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLEIX Goldman Sachs Energy Infrastructure Fund | 8.28% | 10.00% | 25.43% | 10.22% | 4.70% | 8.41% | 4.17% | 4.83% | 3.54% | 0.68% | 0.00% | 0.00% |
QLEIX AQR Long-Short Equity Fund | 1.78% | 1.75% | 7.12% | 20.88% | 14.15% | 0.00% | 1.57% | 0.00% | 6.03% | 9.11% | 3.01% | 4.98% |
Frequently Asked Questions
QLEIX and GLEIX have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLEIX has higher volatility (5.36%) compared to QLEIX (3.29%). In terms of maximum drawdown, QLEIX dropped -38.11% vs GLEIX's -59.27%.
GLEIX currently has the higher Sharpe Ratio (2.01 vs 1.84), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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