QLENX vs. CLOI
Compare and contrast key facts about AQR Long-Short Equity N (QLENX) and VanEck CLO ETF (CLOI).
QLENX is an actively managed fund by AQR Funds. It was launched on Jul 16, 2013. CLOI is an actively managed fund by VanEck. It was launched on Jun 21, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QLENX or CLOI.
Correlation
The correlation between QLENX and CLOI is 0.01, 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
QLENX vs. CLOI - Performance Comparison
Key characteristics
QLENX:
1.69
CLOI:
1.19
QLENX:
2.12
CLOI:
1.28
QLENX:
1.33
CLOI:
1.53
QLENX:
2.38
CLOI:
1.16
QLENX:
11.94
CLOI:
16.95
QLENX:
1.31%
CLOI:
0.22%
QLENX:
9.24%
CLOI:
3.18%
QLENX:
-39.59%
CLOI:
-3.25%
QLENX:
-6.57%
CLOI:
-3.25%
Returns By Period
In the year-to-date period, QLENX achieves a 3.08% return, which is significantly higher than CLOI's -1.69% return.
QLENX
3.08%
-3.95%
10.56%
15.07%
21.05%
10.45%
CLOI
-1.69%
-2.81%
-0.05%
3.67%
N/A
N/A
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QLENX vs. CLOI - Expense Ratio Comparison
QLENX has a 5.18% expense ratio, which is higher than CLOI's 0.40% expense ratio.
Risk-Adjusted Performance
QLENX vs. CLOI — Risk-Adjusted Performance Rank
QLENX
CLOI
QLENX vs. CLOI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Long-Short Equity N (QLENX) and VanEck CLO ETF (CLOI). 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
QLENX vs. CLOI - Dividend Comparison
QLENX's dividend yield for the trailing twelve months is around 6.92%, more than CLOI's 6.62% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLENX AQR Long-Short Equity N | 6.92% | 7.13% | 21.14% | 14.09% | 0.00% | 1.59% | 0.00% | 6.09% | 8.91% | 2.87% | 4.91% | 7.97% |
CLOI VanEck CLO ETF | 6.62% | 6.71% | 5.62% | 2.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QLENX vs. CLOI - Drawdown Comparison
The maximum QLENX drawdown since its inception was -39.59%, which is greater than CLOI's maximum drawdown of -3.25%. Use the drawdown chart below to compare losses from any high point for QLENX and CLOI. For additional features, visit the drawdowns tool.
Volatility
QLENX vs. CLOI - Volatility Comparison
AQR Long-Short Equity N (QLENX) has a higher volatility of 5.59% compared to VanEck CLO ETF (CLOI) at 2.99%. This indicates that QLENX's price experiences larger fluctuations and is considered to be riskier than CLOI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.