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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QLENX or CPER.
Correlation
The correlation between QLENX and CPER is 0.20, 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. CPER - Performance Comparison
Key characteristics
QLENX:
1.63
CPER:
0.06
QLENX:
2.06
CPER:
0.26
QLENX:
1.32
CPER:
1.03
QLENX:
2.13
CPER:
0.08
QLENX:
10.94
CPER:
0.13
QLENX:
1.38%
CPER:
12.65%
QLENX:
9.26%
CPER:
26.04%
QLENX:
-39.59%
CPER:
-54.04%
QLENX:
-7.09%
CPER:
-18.53%
Returns By Period
In the year-to-date period, QLENX achieves a 2.50% return, which is significantly lower than CPER's 6.04% return. Over the past 10 years, QLENX has outperformed CPER with an annualized return of 10.37%, while CPER has yielded a comparatively lower 3.86% annualized return.
QLENX
2.50%
-4.48%
10.15%
14.43%
20.89%
10.37%
CPER
6.04%
-9.50%
-6.45%
0.53%
13.42%
3.86%
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QLENX vs. CPER - Expense Ratio Comparison
QLENX has a 5.18% expense ratio, which is higher than CPER's 0.80% expense ratio.
Risk-Adjusted Performance
QLENX vs. CPER — Risk-Adjusted Performance Rank
QLENX
CPER
QLENX vs. CPER - Risk-Adjusted Performance 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.
Dividends
QLENX vs. CPER - Dividend Comparison
QLENX's dividend yield for the trailing twelve months is around 6.96%, while CPER has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLENX AQR Long-Short Equity N | 6.96% | 7.13% | 21.14% | 14.09% | 0.00% | 1.59% | 0.00% | 6.09% | 8.91% | 2.87% | 4.91% | 7.97% |
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 -39.59%, 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. For additional features, visit the drawdowns tool.
Volatility
QLENX vs. CPER - Volatility Comparison
The current volatility for AQR Long-Short Equity N (QLENX) is 5.59%, while United States Copper Index Fund (CPER) has a volatility of 12.32%. 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.