QLEIX vs. SPY
Compare and contrast key facts about AQR Long-Short Equity Fund (QLEIX) and SPDR S&P 500 ETF (SPY).
QLEIX is managed by AQR Funds. It was launched on Jul 15, 2013. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QLEIX or SPY.
Correlation
The correlation between QLEIX and SPY is 0.50, 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. SPY - Performance Comparison
Key characteristics
QLEIX:
1.86
SPY:
2.17
QLEIX:
2.12
SPY:
2.88
QLEIX:
1.46
SPY:
1.40
QLEIX:
2.36
SPY:
3.26
QLEIX:
9.46
SPY:
14.09
QLEIX:
2.06%
SPY:
1.95%
QLEIX:
10.45%
SPY:
12.64%
QLEIX:
-42.90%
SPY:
-55.19%
QLEIX:
-6.69%
SPY:
-2.83%
Returns By Period
In the year-to-date period, QLEIX achieves a 1.06% return, which is significantly higher than SPY's 0.44% return. Over the past 10 years, QLEIX has underperformed SPY with an annualized return of 8.18%, while SPY has yielded a comparatively higher 13.15% annualized return.
QLEIX
1.06%
-6.42%
1.95%
18.78%
14.14%
8.18%
SPY
0.44%
-2.83%
6.59%
25.62%
14.26%
13.15%
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QLEIX vs. SPY - Expense Ratio Comparison
QLEIX has a 1.30% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
QLEIX vs. SPY — Risk-Adjusted Performance Rank
QLEIX
SPY
QLEIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Long-Short Equity Fund (QLEIX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
QLEIX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.20%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLEIX AQR Long-Short Equity Fund | 0.00% | 0.00% | 20.80% | 10.30% | 0.00% | 0.00% | 0.00% | 0.37% | 4.04% | 1.86% | 4.82% | 8.00% |
SPY SPDR S&P 500 ETF | 1.20% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
QLEIX vs. SPY - Drawdown Comparison
The maximum QLEIX drawdown since its inception was -42.90%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for QLEIX and SPY. For additional features, visit the drawdowns tool.
Volatility
QLEIX vs. SPY - Volatility Comparison
AQR Long-Short Equity Fund (QLEIX) has a higher volatility of 7.87% compared to SPDR S&P 500 ETF (SPY) at 4.49%. This indicates that QLEIX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.