QLEIX vs. QQQ
Compare and contrast key facts about AQR Long-Short Equity Fund (QLEIX) and Invesco QQQ (QQQ).
QLEIX is managed by AQR Funds. It was launched on Jul 15, 2013. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QLEIX or QQQ.
Correlation
The correlation between QLEIX and QQQ is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
QLEIX vs. QQQ - Performance Comparison
Key characteristics
QLEIX:
4.20
QQQ:
1.44
QLEIX:
5.80
QQQ:
1.95
QLEIX:
1.85
QQQ:
1.26
QLEIX:
5.55
QQQ:
1.94
QLEIX:
27.19
QQQ:
6.71
QLEIX:
1.16%
QQQ:
3.92%
QLEIX:
7.53%
QQQ:
18.27%
QLEIX:
-42.90%
QQQ:
-82.98%
QLEIX:
0.00%
QQQ:
0.00%
Returns By Period
In the year-to-date period, QLEIX achieves a 7.62% return, which is significantly higher than QQQ's 5.27% return. Over the past 10 years, QLEIX has underperformed QQQ with an annualized return of 9.36%, while QQQ has yielded a comparatively higher 18.50% annualized return.
QLEIX
7.62%
4.80%
16.65%
31.81%
17.24%
9.36%
QQQ
5.27%
4.15%
13.63%
24.59%
18.87%
18.50%
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QLEIX vs. QQQ - Expense Ratio Comparison
QLEIX has a 1.30% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
QLEIX vs. QQQ — Risk-Adjusted Performance Rank
QLEIX
QQQ
QLEIX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Long-Short Equity Fund (QLEIX) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
QLEIX's dividend yield for the trailing twelve months is around 6.62%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLEIX AQR Long-Short Equity Fund | 6.62% | 7.12% | 20.80% | 10.30% | 0.00% | 0.00% | 0.00% | 0.37% | 4.04% | 1.86% | 4.82% | 8.00% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
QLEIX vs. QQQ - Drawdown Comparison
The maximum QLEIX drawdown since its inception was -42.90%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for QLEIX and QQQ. For additional features, visit the drawdowns tool.
Volatility
QLEIX vs. QQQ - Volatility Comparison
The current volatility for AQR Long-Short Equity Fund (QLEIX) is 1.60%, while Invesco QQQ (QQQ) has a volatility of 5.01%. This indicates that QLEIX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.