QLEIX vs. VOO
Compare and contrast key facts about AQR Long-Short Equity Fund (QLEIX) and Vanguard S&P 500 ETF (VOO).
QLEIX is managed by AQR Funds. It was launched on Jul 15, 2013. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QLEIX or VOO.
Performance
QLEIX vs. VOO - Performance Comparison
Returns By Period
In the year-to-date period, QLEIX achieves a 28.13% return, which is significantly higher than VOO's 26.58% return. Over the past 10 years, QLEIX has underperformed VOO with an annualized return of 8.97%, while VOO has yielded a comparatively higher 13.22% annualized return.
QLEIX
28.13%
5.10%
7.03%
27.55%
15.35%
8.97%
VOO
26.58%
3.05%
13.23%
32.77%
15.74%
13.22%
Key characteristics
| QLEIX | VOO | |
|---|---|---|
| Sharpe Ratio | 3.75 | 2.69 |
| Sortino Ratio | 5.27 | 3.59 |
| Omega Ratio | 1.77 | 1.50 |
| Calmar Ratio | 4.85 | 3.88 |
| Martin Ratio | 22.95 | 17.58 |
| Ulcer Index | 1.20% | 1.86% |
| Daily Std Dev | 7.34% | 12.19% |
| Max Drawdown | -42.90% | -33.99% |
| Current Drawdown | 0.00% | -0.53% |
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QLEIX vs. VOO - Expense Ratio Comparison
QLEIX has a 1.30% expense ratio, which is higher than VOO's 0.03% expense ratio.
Correlation
The correlation between QLEIX and VOO 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.
Risk-Adjusted Performance
QLEIX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Long-Short Equity Fund (QLEIX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
QLEIX's dividend yield for the trailing twelve months is around 16.23%, more than VOO's 1.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLEIX AQR Long-Short Equity Fund | 16.23% | 20.80% | 10.30% | 0.00% | 0.00% | 0.00% | 0.37% | 4.04% | 1.86% | 4.82% | 8.00% | 6.58% |
VOO Vanguard S&P 500 ETF | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
QLEIX vs. VOO - Drawdown Comparison
The maximum QLEIX drawdown since its inception was -42.90%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for QLEIX and VOO. For additional features, visit the drawdowns tool.
Volatility
QLEIX vs. VOO - Volatility Comparison
The current volatility for AQR Long-Short Equity Fund (QLEIX) is 2.10%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.99%. This indicates that QLEIX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.