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 moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
QLEIX vs. QQQ - Performance Comparison
Key characteristics
QLEIX:
2.18
QQQ:
0.21
QLEIX:
2.77
QQQ:
0.47
QLEIX:
1.44
QQQ:
1.06
QLEIX:
2.96
QQQ:
0.23
QLEIX:
13.85
QQQ:
0.85
QLEIX:
1.51%
QQQ:
6.06%
QLEIX:
9.62%
QQQ:
24.75%
QLEIX:
-42.90%
QQQ:
-82.98%
QLEIX:
-2.49%
QQQ:
-14.99%
Returns By Period
In the year-to-date period, QLEIX achieves a 7.62% return, which is significantly higher than QQQ's -10.28% return. Over the past 10 years, QLEIX has underperformed QQQ with an annualized return of 9.38%, while QQQ has yielded a comparatively higher 16.71% annualized return.
QLEIX
7.62%
0.17%
13.70%
21.25%
21.20%
9.38%
QQQ
-10.28%
-4.38%
-6.40%
6.90%
17.31%
16.71%
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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 0.65% 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 | 0.65% | 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 5.88%, while Invesco QQQ (QQQ) has a volatility of 16.10%. 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.