QLENX vs. CPER
Compare and contrast key facts about AQR Long-Short Equity N (QLENX) and United States Copper Index Fund (CPER).
QLENX is an actively managed fund by AQR Funds. It was launched on Jul 16, 2013. CPER is a passively managed fund by Concierge Technologies that tracks the performance of the SummerHaven Copper Index Total Return. It was launched on Nov 15, 2011.
Performance
QLENX vs. CPER - Performance Comparison
Loading graphics...
QLENX vs. CPER - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QLENX AQR Long-Short Equity N | -3.31% | 34.07% | 30.18% | 23.67% | 18.92% | 30.70% | -14.18% | 1.01% | -16.64% | 15.48% |
CPER United States Copper Index Fund | -1.52% | 38.95% | 4.23% | 4.55% | -15.14% | 25.21% | 23.90% | 6.66% | -21.91% | 28.80% |
Returns By Period
In the year-to-date period, QLENX achieves a -3.31% return, which is significantly lower than CPER's -1.52% return. Over the past 10 years, QLENX has outperformed CPER with an annualized return of 11.26%, while CPER has yielded a comparatively lower 9.10% annualized return.
QLENX
- 1D
- 0.56%
- 1M
- -2.74%
- YTD
- -3.31%
- 6M
- 4.39%
- 1Y
- 19.30%
- 3Y*
- 26.24%
- 5Y*
- 22.20%
- 10Y*
- 11.26%
CPER
- 1D
- 2.50%
- 1M
- -6.64%
- YTD
- -1.52%
- 6M
- 14.77%
- 1Y
- 8.96%
- 3Y*
- 11.35%
- 5Y*
- 6.82%
- 10Y*
- 9.10%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
QLENX vs. CPER - Expense Ratio Comparison
QLENX has a 5.18% expense ratio, which is higher than CPER's 0.80% expense ratio.
Return for Risk
QLENX vs. CPER — Risk / Return Rank
QLENX
CPER
QLENX vs. CPER - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Long-Short Equity N (QLENX) and United States Copper Index Fund (CPER). 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.
| QLENX | CPER | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.26 | 0.24 | +2.02 |
Sortino ratioReturn per unit of downside risk | 2.93 | 0.54 | +2.39 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.09 | +0.37 |
Calmar ratioReturn relative to maximum drawdown | 2.83 | 0.31 | +2.52 |
Martin ratioReturn relative to average drawdown | 11.16 | 0.64 | +10.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| QLENX | CPER | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.26 | 0.24 | +2.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.19 | 0.26 | +1.93 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.07 | 0.38 | +0.69 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.21 | 0.09 | +1.11 |
Correlation
The correlation between QLENX and CPER is 0.19, 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.
Dividends
QLENX vs. CPER - Dividend Comparison
QLENX's dividend yield for the trailing twelve months is around 1.69%, while CPER has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLENX AQR Long-Short Equity N | 1.69% | 1.64% | 7.13% | 21.21% | 14.09% | 0.00% | 1.59% | 0.00% | 6.09% | 8.91% | 2.87% | 4.91% |
CPER United States Copper Index Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QLENX vs. CPER - Drawdown Comparison
The maximum QLENX drawdown since its inception was -38.50%, smaller than the maximum CPER drawdown of -54.04%. Use the drawdown chart below to compare losses from any high point for QLENX and CPER.
Loading graphics...
Drawdown Indicators
| QLENX | CPER | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.50% | -54.04% | +15.54% |
Max Drawdown (1Y)Largest decline over 1 year | -6.50% | -24.77% | +18.27% |
Max Drawdown (5Y)Largest decline over 5 years | -17.19% | -34.75% | +17.56% |
Max Drawdown (10Y)Largest decline over 10 years | -38.50% | -38.42% | -0.08% |
Current DrawdownCurrent decline from peak | -3.91% | -11.06% | +7.15% |
Average DrawdownAverage peak-to-trough decline | -7.55% | -25.65% | +18.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 12.19% | -10.54% |
Volatility
QLENX vs. CPER - Volatility Comparison
The current volatility for AQR Long-Short Equity N (QLENX) is 1.92%, while United States Copper Index Fund (CPER) has a volatility of 9.29%. This indicates that QLENX experiences smaller price fluctuations and is considered to be less risky than CPER based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| QLENX | CPER | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.92% | 9.29% | -7.37% |
Volatility (6M)Calculated over the trailing 6-month period | 4.92% | 21.96% | -17.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.66% | 36.84% | -28.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.22% | 26.85% | -16.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.55% | 23.87% | -13.32% |