QLEIX vs. QLENX
Compare and contrast key facts about AQR Long-Short Equity Fund (QLEIX) and AQR Long-Short Equity N (QLENX).
QLEIX is managed by AQR Funds. It was launched on Jul 15, 2013. QLENX is an actively managed fund by AQR Funds. It was launched on Jul 16, 2013.
Performance
QLEIX vs. QLENX - Performance Comparison
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QLEIX vs. QLENX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QLEIX AQR Long-Short Equity Fund | -3.26% | 34.43% | 30.50% | 23.95% | 19.18% | 31.10% | -13.92% | 1.19% | -16.33% | 15.74% |
QLENX AQR Long-Short Equity N | -3.31% | 34.07% | 30.18% | 23.67% | 18.92% | 30.70% | -14.18% | 1.01% | -16.64% | 15.48% |
Returns By Period
The year-to-date returns for both stocks are quite close, with QLEIX having a -3.26% return and QLENX slightly lower at -3.31%. Both investments have delivered pretty close results over the past 10 years, with QLEIX having a 11.54% annualized return and QLENX not far behind at 11.26%.
QLEIX
- 1D
- 0.54%
- 1M
- -2.71%
- YTD
- -3.26%
- 6M
- 4.53%
- 1Y
- 19.60%
- 3Y*
- 26.54%
- 5Y*
- 22.51%
- 10Y*
- 11.54%
QLENX
- 1D
- 0.56%
- 1M
- -2.74%
- YTD
- -3.31%
- 6M
- 4.39%
- 1Y
- 19.30%
- 3Y*
- 26.24%
- 5Y*
- 22.20%
- 10Y*
- 11.26%
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QLEIX vs. QLENX - Expense Ratio Comparison
QLEIX has a 1.30% expense ratio, which is lower than QLENX's 5.18% expense ratio.
Return for Risk
QLEIX vs. QLENX — Risk / Return Rank
QLEIX
QLENX
QLEIX vs. QLENX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Long-Short Equity Fund (QLEIX) and AQR Long-Short Equity N (QLENX). 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 | QLENX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.30 | 2.26 | +0.04 |
Sortino ratioReturn per unit of downside risk | 2.98 | 2.93 | +0.05 |
Omega ratioGain probability vs. loss probability | 1.47 | 1.46 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.88 | 2.83 | +0.05 |
Martin ratioReturn relative to average drawdown | 11.49 | 11.16 | +0.33 |
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 | QLENX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 2.26 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.21 | 2.19 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.10 | 1.07 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 1.21 | -0.10 |
Correlation
The correlation between QLEIX and QLENX is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
QLEIX vs. QLENX - Dividend Comparison
QLEIX's dividend yield for the trailing twelve months is around 1.81%, more than QLENX's 1.69% 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% |
QLENX AQR Long-Short Equity N | 1.69% | 1.64% | 7.13% | 21.21% | 14.09% | 0.00% | 1.59% | 0.00% | 6.09% | 8.91% | 2.87% | 4.91% |
Drawdowns
QLEIX vs. QLENX - Drawdown Comparison
The maximum QLEIX drawdown since its inception was -38.11%, roughly equal to the maximum QLENX drawdown of -38.50%. Use the drawdown chart below to compare losses from any high point for QLEIX and QLENX.
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Drawdown Indicators
| QLEIX | QLENX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.11% | -38.50% | +0.39% |
Max Drawdown (1Y)Largest decline over 1 year | -6.49% | -6.50% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -17.07% | -17.19% | +0.12% |
Max Drawdown (10Y)Largest decline over 10 years | -38.11% | -38.50% | +0.39% |
Current DrawdownCurrent decline from peak | -3.85% | -3.91% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -7.80% | -7.55% | -0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.65% | -0.02% |
Volatility
QLEIX vs. QLENX - Volatility Comparison
AQR Long-Short Equity Fund (QLEIX) and AQR Long-Short Equity N (QLENX) have volatilities of 1.87% and 1.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QLEIX | QLENX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.87% | 1.92% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 4.89% | 4.92% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.63% | 8.66% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.23% | 10.22% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.55% | 10.55% | 0.00% |