QLENX vs. SPY
Compare and contrast key facts about AQR Long-Short Equity N (QLENX) and SPDR S&P 500 ETF (SPY).
QLENX is an actively managed fund by AQR Funds. It was launched on Jul 16, 2013. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QLENX or SPY.
Correlation
The correlation between QLENX and SPY 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.
Performance
QLENX vs. SPY - Performance Comparison
Key characteristics
QLENX:
2.34
SPY:
0.54
QLENX:
2.94
SPY:
0.90
QLENX:
1.46
SPY:
1.13
QLENX:
3.14
SPY:
0.57
QLENX:
14.07
SPY:
2.24
QLENX:
1.58%
SPY:
4.82%
QLENX:
9.64%
SPY:
20.02%
QLENX:
-39.59%
SPY:
-55.19%
QLENX:
-0.06%
SPY:
-7.53%
Returns By Period
In the year-to-date period, QLENX achieves a 11.10% return, which is significantly higher than SPY's -3.30% return. Over the past 10 years, QLENX has underperformed SPY with an annualized return of 11.16%, while SPY has yielded a comparatively higher 12.33% annualized return.
QLENX
11.10%
7.51%
14.52%
22.38%
23.51%
11.16%
SPY
-3.30%
13.81%
-4.52%
10.65%
15.81%
12.33%
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QLENX vs. SPY - Expense Ratio Comparison
QLENX has a 5.18% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
QLENX vs. SPY — Risk-Adjusted Performance Rank
QLENX
SPY
QLENX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Long-Short Equity N (QLENX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
QLENX's dividend yield for the trailing twelve months is around 6.42%, more than SPY's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLENX AQR Long-Short Equity N | 6.42% | 7.13% | 21.14% | 14.09% | 0.00% | 1.59% | 0.00% | 6.09% | 8.91% | 2.87% | 4.91% | 7.97% |
SPY SPDR S&P 500 ETF | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
QLENX vs. SPY - Drawdown Comparison
The maximum QLENX drawdown since its inception was -39.59%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for QLENX and SPY. For additional features, visit the drawdowns tool.
Volatility
QLENX vs. SPY - Volatility Comparison
The current volatility for AQR Long-Short Equity N (QLENX) is 3.22%, while SPDR S&P 500 ETF (SPY) has a volatility of 12.36%. This indicates that QLENX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.