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QLENX vs. QLEIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between QLENX and QLEIX is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.0
Correlation: 0.5

Performance

QLENX vs. QLEIX - Performance Comparison

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

220.00%240.00%260.00%280.00%300.00%NovemberDecember2025FebruaryMarchApril
275.04%
286.76%
QLENX
QLEIX

Key characteristics

Sharpe Ratio

QLENX:

2.27

QLEIX:

2.30

Sortino Ratio

QLENX:

2.90

QLEIX:

2.93

Omega Ratio

QLENX:

1.45

QLEIX:

1.46

Calmar Ratio

QLENX:

3.10

QLEIX:

3.15

Martin Ratio

QLENX:

13.86

QLEIX:

14.15

Ulcer Index

QLENX:

1.58%

QLEIX:

1.57%

Daily Std Dev

QLENX:

9.67%

QLEIX:

9.68%

Max Drawdown

QLENX:

-39.59%

QLEIX:

-39.20%

Current Drawdown

QLENX:

-1.10%

QLEIX:

-1.02%

Returns By Period

The year-to-date returns for both investments are quite close, with QLENX having a 9.11% return and QLEIX slightly higher at 9.24%. Both investments have delivered pretty close results over the past 10 years, with QLENX having a 11.23% annualized return and QLEIX not far ahead at 11.53%.


QLENX

YTD

9.11%

1M

0.53%

6M

16.65%

1Y

21.80%

5Y*

22.44%

10Y*

11.23%

QLEIX

YTD

9.24%

1M

0.57%

6M

16.85%

1Y

22.11%

5Y*

22.74%

10Y*

11.53%

*Annualized

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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.


Expense ratio chart for QLENX: current value is 5.18%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
QLENX: 5.18%
Expense ratio chart for QLEIX: current value is 1.30%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
QLEIX: 1.30%

Risk-Adjusted Performance

QLENX vs. QLEIX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QLENX
The Risk-Adjusted Performance Rank of QLENX is 9494
Overall Rank
The Sharpe Ratio Rank of QLENX is 9494
Sharpe Ratio Rank
The Sortino Ratio Rank of QLENX is 9292
Sortino Ratio Rank
The Omega Ratio Rank of QLENX is 9292
Omega Ratio Rank
The Calmar Ratio Rank of QLENX is 9595
Calmar Ratio Rank
The Martin Ratio Rank of QLENX is 9696
Martin Ratio Rank

QLEIX
The Risk-Adjusted Performance Rank of QLEIX is 9494
Overall Rank
The Sharpe Ratio Rank of QLEIX is 9494
Sharpe Ratio Rank
The Sortino Ratio Rank of QLEIX is 9292
Sortino Ratio Rank
The Omega Ratio Rank of QLEIX is 9292
Omega Ratio Rank
The Calmar Ratio Rank of QLEIX is 9696
Calmar Ratio Rank
The Martin Ratio Rank of QLEIX is 9696
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for QLENX, currently valued at 2.27, compared to the broader market-1.000.001.002.003.00
QLENX: 2.27
QLEIX: 2.30
The chart of Sortino ratio for QLENX, currently valued at 2.90, compared to the broader market-2.000.002.004.006.008.00
QLENX: 2.90
QLEIX: 2.93
The chart of Omega ratio for QLENX, currently valued at 1.45, compared to the broader market0.501.001.502.002.503.00
QLENX: 1.45
QLEIX: 1.46
The chart of Calmar ratio for QLENX, currently valued at 3.10, compared to the broader market0.002.004.006.008.0010.00
QLENX: 3.10
QLEIX: 3.15
The chart of Martin ratio for QLENX, currently valued at 13.86, compared to the broader market0.0010.0020.0030.0040.00
QLENX: 13.86
QLEIX: 14.15

The current QLENX Sharpe Ratio is 2.27, which is comparable to the QLEIX Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of QLENX and QLEIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio2.002.503.003.504.00NovemberDecember2025FebruaryMarchApril
2.27
2.30
QLENX
QLEIX

Dividends

QLENX vs. QLEIX - Dividend Comparison

QLENX's dividend yield for the trailing twelve months is around 6.54%, which matches QLEIX's 6.52% yield.


TTM20242023202220212020201920182017201620152014
QLENX
AQR Long-Short Equity N
6.54%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
6.52%7.12%20.79%14.15%0.00%1.57%0.00%6.03%9.11%3.01%4.98%8.00%

Drawdowns

QLENX vs. QLEIX - Drawdown Comparison

The maximum QLENX drawdown since its inception was -39.59%, roughly equal to the maximum QLEIX drawdown of -39.20%. Use the drawdown chart below to compare losses from any high point for QLENX and QLEIX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%NovemberDecember2025FebruaryMarchApril
-1.10%
-1.02%
QLENX
QLEIX

Volatility

QLENX vs. QLEIX - Volatility Comparison

AQR Long-Short Equity N (QLENX) and AQR Long-Short Equity Fund (QLEIX) have volatilities of 6.03% and 6.04%, 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.


1.00%2.00%3.00%4.00%5.00%6.00%NovemberDecember2025FebruaryMarchApril
6.03%
6.04%
QLENX
QLEIX