QLEIX vs. IDV
QLEIX (AQR Long-Short Equity Fund) and IDV (iShares International Select Dividend ETF) are both funds - QLEIX is a Long-Short fund managed by AQR Funds, while IDV is a Global Equities fund tracking the Dow Jones EPAC Select Dividend. Over the past 10 years, QLEIX returned 11.88%/yr vs 10.33%/yr for IDV. At a 0.48 correlation, their price movements are largely independent. QLEIX charges 1.30%/yr vs 0.49%/yr for IDV.
Performance
QLEIX vs. IDV - Performance Comparison
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Returns By Period
In the year-to-date period, QLEIX achieves a -0.90% return, which is significantly lower than IDV's 10.84% return. Over the past 10 years, QLEIX has outperformed IDV with an annualized return of 11.88%, while IDV has yielded a comparatively lower 10.33% annualized return.
QLEIX
- 1D
- -0.99%
- 1M
- 0.96%
- YTD
- -0.90%
- 6M
- 2.17%
- 1Y
- 14.56%
- 3Y*
- 26.92%
- 5Y*
- 21.52%
- 10Y*
- 11.88%
IDV
- 1D
- 0.23%
- 1M
- -2.36%
- YTD
- 10.84%
- 6M
- 14.01%
- 1Y
- 33.84%
- 3Y*
- 24.24%
- 5Y*
- 11.70%
- 10Y*
- 10.33%
QLEIX vs. IDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QLEIX AQR Long-Short Equity Fund | -0.90% | 34.43% | 30.50% | 23.95% | 19.18% | 31.10% | -13.92% | 1.19% | -16.33% | 15.74% |
IDV iShares International Select Dividend ETF | 10.84% | 52.16% | 4.00% | 10.32% | -6.40% | 12.00% | -5.94% | 23.56% | -10.37% | 19.74% |
Correlation
The correlation between QLEIX and IDV is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.48 |
The correlation between QLEIX and IDV shifts across timeframes, from 0.32 (3 years) to 0.48 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QLEIX vs. IDV — Risk / Return Rank
QLEIX
IDV
QLEIX vs. IDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Long-Short Equity Fund (QLEIX) and iShares International Select Dividend ETF (IDV). 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 | IDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.47 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 3.99 | -1.50 |
| Martin ratioReturn relative to average drawdown | 7.84 | 15.00 | -7.16 |
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 | IDV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 2.63 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.14 | 0.76 | +1.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.13 | 0.58 | +0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 0.21 | +0.90 |
Drawdowns
QLEIX vs. IDV - Drawdown Comparison
The maximum QLEIX drawdown since its inception was -38.11%, smaller than the maximum IDV drawdown of -70.14%. Use the drawdown chart below to compare losses from any high point for QLEIX and IDV.
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Drawdown Indicators
| QLEIX | IDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.11% | -70.14% | +32.03% |
Max Drawdown (1Y)Largest decline over 1 year | -6.01% | -8.52% | +2.51% |
Max Drawdown (3Y)Largest decline over 3 years | -7.07% | -11.86% | +4.79% |
Max Drawdown (5Y)Largest decline over 5 years | -17.07% | -29.19% | +12.12% |
Max Drawdown (10Y)Largest decline over 10 years | -38.11% | -42.50% | +4.39% |
Current DrawdownCurrent decline from peak | -1.50% | -4.08% | +2.58% |
Average DrawdownAverage peak-to-trough decline | -7.73% | -15.39% | +7.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 2.26% | -0.35% |
Volatility
QLEIX vs. IDV - Volatility Comparison
The current volatility for AQR Long-Short Equity Fund (QLEIX) is 2.24%, while iShares International Select Dividend ETF (IDV) has a volatility of 3.91%. This indicates that QLEIX experiences smaller price fluctuations and is considered to be less risky than IDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QLEIX | IDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.24% | 3.91% | -1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 5.65% | 10.71% | -5.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.27% | 12.96% | -5.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.10% | 15.56% | -5.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.58% | 17.94% | -7.36% |
QLEIX vs. IDV - Expense Ratio Comparison
QLEIX has a 1.30% expense ratio, which is higher than IDV's 0.49% expense ratio.
Dividends
QLEIX vs. IDV - Dividend Comparison
QLEIX's dividend yield for the trailing twelve months is around 1.77%, less than IDV's 4.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDV iShares International Select Dividend ETF | 4.51% | 4.94% | 6.46% | 6.51% | 7.33% | 5.78% | 5.47% | 5.15% | 5.93% | 4.52% | 4.69% | 5.08% |
QLEIX AQR Long-Short Equity Fund | 1.77% | 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 IDV have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDV has higher volatility (3.91%) compared to QLEIX (2.24%). In terms of maximum drawdown, QLEIX dropped -38.11% vs IDV's -70.14%.
IDV currently has the higher Sharpe Ratio (2.63 vs 2.06), 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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