QLENX vs. COAGX

Last updated Aug 4, 2026

QLENX (AQR Long-Short Equity Fund Class N) and COAGX (Gator Capital Long/Short Fund) are both Long-Short funds. Their 0.43 correlation means their historical movements had little consistent relationship. QLENX charges 1.57%/yr vs 2.00%/yr for COAGX.

Performance

QLENX vs. COAGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR Long-Short Equity Fund Class N (QLENX) and Gator Capital Long/Short Fund (COAGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QLENX

• 1D: 0.53%
• 1M: 5.12%
• 6M: 0.78%
• YTD: 0.78%
• 1Y: 16.50%
• 3Y*: 24.26%
• 5Y*: 22.75%
• 10Y*: 11.54%
• ALL TIME*: 12.50%

COAGX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QLENX AQR Long-Short Equity Fund Class N	$0.00	$0.00	$0.00

QLENX vs. COAGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QLENX AQR Long-Short Equity Fund Class N	0.78%	34.07%	30.18%	23.67%	18.92%	30.70%	-14.18%	1.01%	-16.64%	15.48%
COAGX Gator Capital Long/Short Fund	3.61%	17.44%	35.58%	31.98%	-7.18%	27.17%	11.06%	24.20%	-15.53%	0.93%

Correlation

The correlation between QLENX and COAGX is 0.17, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.17
Correlation (3Y) Balances recent behavior with more history.	0.35
Correlation (5Y) Shows whether the relationship held over a longer period.	0.41
Correlation (10Y) Provides a long-term view across more market conditions.	0.45
Correlation (All Time) Calculated using the full available price history since Jul 16, 2013	0.43

Over the past year, the correlation between QLENX and COAGX has dropped to 0.17 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.

Return for Risk

QLENX vs. COAGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QLENX

QLENX Risk / Return Rank: 74
QLENX Sharpe Ratio Rank: 81
QLENX Sortino Ratio Rank: 83
QLENX Omega Ratio Rank: 79
QLENX Calmar Ratio Rank: 79
QLENX Martin Ratio Rank: 51

COAGX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QLENX vs. COAGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR Long-Short Equity Fund Class N (QLENX) and Gator Capital Long/Short Fund (COAGX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	QLENX	COAGX	Difference
Sharpe ratio: Return per unit of total volatility	1.99	—	—
Sortino ratio: Return per unit of downside risk	2.97	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	2.67	—	—
Martin ratio: Return relative to average drawdown	7.50	—	—

Drawdowns

Drawdown Indicators

	QLENX	COAGX	Difference
Max Drawdown Largest peak-to-trough decline	-38.50%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-6.09%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-7.09%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.19%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.50%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-7.42%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	—	—

Volatility

Volatility by Period

	QLENX	COAGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.41%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.71%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.16%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.03%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.60%	—	—

QLENX vs. COAGX - Expense Ratio Comparison

QLENX has a 1.57% expense ratio, which is lower than COAGX's 2.00% expense ratio.

Dividends

QLENX vs. COAGX - Dividend Comparison

QLENX's dividend yield for the trailing twelve months is around 1.62%, while COAGX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COAGX Gator Capital Long/Short Fund	0.00%	0.00%	0.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.81%
QLENX AQR Long-Short Equity Fund Class N	1.62%	1.64%	7.13%	21.21%	14.09%	0.00%	1.59%	0.00%	6.09%	8.91%	2.87%	4.91%

Frequently Asked Questions

Can I hold both QLENX and COAGX in my portfolio?

QLENX and COAGX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.