QLEIX vs. VWINX
Compare and contrast key facts about AQR Long-Short Equity Fund (QLEIX) and Vanguard Wellesley Income Fund Investor Shares (VWINX).
QLEIX is managed by AQR Funds. It was launched on Jul 15, 2013. VWINX is managed by Vanguard. It was launched on Jul 1, 1970.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QLEIX or VWINX.
Performance
QLEIX vs. VWINX - Performance Comparison
Returns By Period
In the year-to-date period, QLEIX achieves a 27.52% return, which is significantly higher than VWINX's 7.13% return. Over the past 10 years, QLEIX has outperformed VWINX with an annualized return of 8.99%, while VWINX has yielded a comparatively lower 3.24% annualized return.
QLEIX
27.52%
3.89%
7.48%
26.95%
15.26%
8.99%
VWINX
7.13%
-0.50%
4.64%
14.28%
2.51%
3.24%
Key characteristics
| QLEIX | VWINX | |
|---|---|---|
| Sharpe Ratio | 3.60 | 2.18 |
| Sortino Ratio | 5.07 | 3.33 |
| Omega Ratio | 1.73 | 1.45 |
| Calmar Ratio | 4.66 | 0.97 |
| Martin Ratio | 22.05 | 13.55 |
| Ulcer Index | 1.20% | 1.05% |
| Daily Std Dev | 7.35% | 6.53% |
| Max Drawdown | -42.90% | -24.01% |
| Current Drawdown | -0.18% | -2.57% |
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QLEIX vs. VWINX - Expense Ratio Comparison
QLEIX has a 1.30% expense ratio, which is higher than VWINX's 0.23% expense ratio.
Correlation
The correlation between QLEIX and VWINX is 0.42, 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. VWINX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Long-Short Equity Fund (QLEIX) and Vanguard Wellesley Income Fund Investor Shares (VWINX). 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. VWINX - Dividend Comparison
QLEIX's dividend yield for the trailing twelve months is around 16.31%, more than VWINX's 5.79% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLEIX AQR Long-Short Equity Fund | 16.31% | 20.80% | 10.30% | 0.00% | 0.00% | 0.00% | 0.37% | 4.04% | 1.86% | 4.82% | 8.00% | 6.58% |
VWINX Vanguard Wellesley Income Fund Investor Shares | 5.79% | 5.71% | 3.17% | 2.48% | 2.65% | 2.90% | 3.30% | 2.85% | 2.94% | 3.11% | 3.16% | 3.05% |
Drawdowns
QLEIX vs. VWINX - Drawdown Comparison
The maximum QLEIX drawdown since its inception was -42.90%, which is greater than VWINX's maximum drawdown of -24.01%. Use the drawdown chart below to compare losses from any high point for QLEIX and VWINX. For additional features, visit the drawdowns tool.
Volatility
QLEIX vs. VWINX - Volatility Comparison
AQR Long-Short Equity Fund (QLEIX) has a higher volatility of 2.21% compared to Vanguard Wellesley Income Fund Investor Shares (VWINX) at 1.45%. This indicates that QLEIX's price experiences larger fluctuations and is considered to be riskier than VWINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.