QLEIX vs. HICOX
Compare and contrast key facts about AQR Long-Short Equity Fund (QLEIX) and Colorado Bond Shares A Tax Exempt Fund (HICOX).
QLEIX is managed by AQR Funds. It was launched on Jul 15, 2013. HICOX is managed by Freedom Funds. It was launched on Jun 3, 1987.
Performance
QLEIX vs. HICOX - Performance Comparison
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QLEIX vs. HICOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QLEIX AQR Long-Short Equity Fund | -2.98% | 34.43% | 30.50% | 23.95% | 19.18% | 31.10% | -13.92% | 1.19% | -16.33% | 15.74% |
HICOX Colorado Bond Shares A Tax Exempt Fund | 0.72% | 4.36% | 8.64% | 5.10% | -6.14% | 4.44% | 4.69% | 6.42% | 4.64% | 5.63% |
Returns By Period
In the year-to-date period, QLEIX achieves a -2.98% return, which is significantly lower than HICOX's 0.72% return. Over the past 10 years, QLEIX has outperformed HICOX with an annualized return of 11.57%, while HICOX has yielded a comparatively lower 4.03% annualized return.
QLEIX
- 1D
- 0.29%
- 1M
- -1.96%
- YTD
- -2.98%
- 6M
- 4.47%
- 1Y
- 19.47%
- 3Y*
- 26.66%
- 5Y*
- 22.56%
- 10Y*
- 11.57%
HICOX
- 1D
- 0.34%
- 1M
- -0.76%
- YTD
- 0.72%
- 6M
- 2.56%
- 1Y
- 5.36%
- 3Y*
- 5.71%
- 5Y*
- 2.94%
- 10Y*
- 4.03%
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QLEIX vs. HICOX - Expense Ratio Comparison
QLEIX has a 1.30% expense ratio, which is higher than HICOX's 0.55% expense ratio.
Return for Risk
QLEIX vs. HICOX — Risk / Return Rank
QLEIX
HICOX
QLEIX vs. HICOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Long-Short Equity Fund (QLEIX) and Colorado Bond Shares A Tax Exempt Fund (HICOX). 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.
| QLEIX | HICOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.33 | 1.38 | +0.94 |
Sortino ratioReturn per unit of downside risk | 3.01 | 1.78 | +1.23 |
Omega ratioGain probability vs. loss probability | 1.48 | 1.48 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 3.10 | 1.39 | +1.70 |
Martin ratioReturn relative to average drawdown | 12.22 | 6.74 | +5.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QLEIX | HICOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.33 | 1.38 | +0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.22 | 0.84 | +1.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.10 | 1.31 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 1.61 | -0.50 |
Correlation
The correlation between QLEIX and HICOX is -0.07. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
QLEIX vs. HICOX - Dividend Comparison
QLEIX's dividend yield for the trailing twelve months is around 1.81%, less than HICOX's 5.17% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLEIX AQR Long-Short Equity Fund | 1.81% | 1.75% | 7.12% | 20.88% | 14.15% | 0.00% | 1.57% | 0.00% | 6.03% | 9.11% | 3.01% | 4.98% |
HICOX Colorado Bond Shares A Tax Exempt Fund | 5.17% | 3.98% | 6.34% | 2.53% | 2.85% | 3.60% | 3.64% | 4.11% | 4.54% | 4.56% | 5.49% | 4.32% |
Drawdowns
QLEIX vs. HICOX - Drawdown Comparison
The maximum QLEIX drawdown since its inception was -38.11%, which is greater than HICOX's maximum drawdown of -11.00%. Use the drawdown chart below to compare losses from any high point for QLEIX and HICOX.
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Drawdown Indicators
| QLEIX | HICOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.11% | -11.00% | -27.11% |
Max Drawdown (1Y)Largest decline over 1 year | -6.49% | -3.67% | -2.82% |
Max Drawdown (5Y)Largest decline over 5 years | -17.07% | -9.66% | -7.41% |
Max Drawdown (10Y)Largest decline over 10 years | -38.11% | -9.66% | -28.45% |
Current DrawdownCurrent decline from peak | -3.57% | -0.76% | -2.81% |
Average DrawdownAverage peak-to-trough decline | -7.80% | -2.57% | -5.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 0.76% | +0.88% |
Volatility
QLEIX vs. HICOX - Volatility Comparison
AQR Long-Short Equity Fund (QLEIX) has a higher volatility of 1.88% compared to Colorado Bond Shares A Tax Exempt Fund (HICOX) at 0.93%. This indicates that QLEIX's price experiences larger fluctuations and is considered to be riskier than HICOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QLEIX | HICOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.88% | 0.93% | +0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 4.90% | 1.56% | +3.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.61% | 4.33% | +4.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.22% | 3.53% | +6.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.55% | 3.09% | +7.46% |