QLENX vs. QLEIX
Compare and contrast key facts about AQR Long-Short Equity N (QLENX) and AQR Long-Short Equity Fund (QLEIX).
QLENX is an actively managed fund by AQR Funds. It was launched on Jul 16, 2013. QLEIX is managed by AQR Funds. It was launched on Jul 15, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QLENX or QLEIX.
Correlation
The correlation between QLENX and QLEIX is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
QLENX vs. QLEIX - Performance Comparison
Key characteristics
QLENX:
1.63
QLEIX:
1.66
QLENX:
2.06
QLEIX:
2.09
QLENX:
1.32
QLEIX:
1.33
QLENX:
2.13
QLEIX:
2.18
QLENX:
10.94
QLEIX:
11.20
QLENX:
1.38%
QLEIX:
1.37%
QLENX:
9.26%
QLEIX:
9.26%
QLENX:
-39.59%
QLEIX:
-42.90%
QLENX:
-7.09%
QLEIX:
-7.07%
Returns By Period
The year-to-date returns for both investments are quite close, with QLENX having a 2.50% return and QLEIX slightly higher at 2.56%. Over the past 10 years, QLENX has outperformed QLEIX with an annualized return of 10.37%, while QLEIX has yielded a comparatively lower 8.77% annualized return.
QLENX
2.50%
-4.48%
10.15%
14.43%
20.89%
10.37%
QLEIX
2.56%
-4.48%
10.26%
14.72%
19.88%
8.77%
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QLENX vs. QLEIX - Expense Ratio Comparison
QLENX has a 5.18% expense ratio, which is higher than QLEIX's 1.30% expense ratio.
Risk-Adjusted Performance
QLENX vs. QLEIX — Risk-Adjusted Performance Rank
QLENX
QLEIX
QLENX vs. QLEIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Long-Short Equity N (QLENX) and AQR Long-Short Equity Fund (QLEIX). 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. QLEIX - Dividend Comparison
QLENX's dividend yield for the trailing twelve months is around 6.96%, which matches QLEIX's 6.94% yield.
| 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% |
QLEIX AQR Long-Short Equity Fund | 6.94% | 7.12% | 20.80% | 10.30% | 0.00% | 0.00% | 0.00% | 0.37% | 4.04% | 1.86% | 4.82% | 8.00% |
Drawdowns
QLENX vs. QLEIX - Drawdown Comparison
The maximum QLENX drawdown since its inception was -39.59%, smaller than the maximum QLEIX drawdown of -42.90%. Use the drawdown chart below to compare losses from any high point for QLENX and QLEIX. For additional features, visit the drawdowns tool.
Volatility
QLENX vs. QLEIX - Volatility Comparison
AQR Long-Short Equity N (QLENX) and AQR Long-Short Equity Fund (QLEIX) have volatilities of 5.59% and 5.57%, 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.