QLENX vs. MOWIX
QLENX (AQR Long-Short Equity Fund Class N) and MOWIX (Moerus Worldwide Value Fund) are both mutual funds - QLENX is a Long-Short fund actively managed by AQR, while MOWIX is a Foreign Small & Mid Cap Equities fund managed by Moerus. Over the past 5 years, QLENX returned 22.75%/yr vs 19.52%/yr for MOWIX. Their 0.38 correlation means their historical movements had little consistent relationship. QLENX charges 1.57%/yr vs 1.40%/yr for MOWIX.
Performance
QLENX vs. MOWIX - Performance Comparison
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Returns By Period
In the year-to-date period, QLENX achieves a 0.78% return, which is significantly lower than MOWIX's 7.79% return.
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%
MOWIX
- 1D
- 0.00%
- 1M
- 1.64%
- 6M
- -1.29%
- YTD
- 7.79%
- 1Y
- 27.24%
- 3Y*
- 22.34%
- 5Y*
- 19.52%
- 10Y*
- —
- ALL TIME*
- 11.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
QLENX vs. MOWIX - 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% |
MOWIX Moerus Worldwide Value Fund | 7.79% | 40.23% | 15.96% | 24.97% | 6.40% | 18.28% | -10.06% | 15.29% | -19.47% | 18.59% |
Correlation
The correlation between QLENX and MOWIX is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.38 |
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Return for Risk
QLENX vs. MOWIX — Risk / Return Rank
QLENX
MOWIX
QLENX vs. MOWIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Long-Short Equity Fund Class N (QLENX) and Moerus Worldwide Value Fund (MOWIX). 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 | MOWIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.28 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 2.38 | +0.29 |
| Martin ratioReturn relative to average drawdown | 7.50 | 5.73 | +1.77 |
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Drawdowns
QLENX vs. MOWIX - Drawdown Comparison
The maximum QLENX drawdown since its inception was -38.50%, smaller than the maximum MOWIX drawdown of -53.13%. Use the drawdown chart below to compare losses from any high point for QLENX and MOWIX.
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Drawdown Indicators
| QLENX | MOWIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.50% | -53.13% | +14.63% |
Max Drawdown (1Y)Largest decline over 1 year | -6.09% | -10.71% | +4.62% |
Max Drawdown (3Y)Largest decline over 3 years | -7.09% | -14.54% | +7.45% |
Max Drawdown (5Y)Largest decline over 5 years | -17.19% | -22.11% | +4.92% |
Max Drawdown (10Y)Largest decline over 10 years | -38.50% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -6.47% | +6.47% |
Average DrawdownAverage peak-to-trough decline | -7.42% | -10.35% | +2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 4.44% | -2.28% |
Volatility
QLENX vs. MOWIX - Volatility Comparison
AQR Long-Short Equity Fund Class N (QLENX) and Moerus Worldwide Value Fund (MOWIX) have volatilities of 3.41% and 3.56%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QLENX | MOWIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 3.56% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 6.71% | 12.56% | -5.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.16% | 15.76% | -7.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.03% | 16.55% | -6.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.60% | 17.12% | -6.52% |
QLENX vs. MOWIX - Expense Ratio Comparison
QLENX has a 1.57% expense ratio, which is higher than MOWIX's 1.40% expense ratio.
Dividends
QLENX vs. MOWIX - Dividend Comparison
QLENX's dividend yield for the trailing twelve months is around 1.62%, less than MOWIX's 9.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MOWIX Moerus Worldwide Value Fund | 9.67% | 10.42% | 4.65% | 4.98% | 0.55% | 5.32% | 0.72% | 1.32% | 1.93% | 0.86% | 0.00% | 0.00% |
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
QLENX and MOWIX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MOWIX has higher volatility (3.56%) compared to QLENX (3.41%). In terms of maximum drawdown, QLENX dropped -38.50% vs MOWIX's -53.13%.
QLENX currently has the higher Sharpe Ratio (1.99 vs 1.62), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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