QLENX vs. VIG
Compare and contrast key facts about AQR Long-Short Equity N (QLENX) and Vanguard Dividend Appreciation ETF (VIG).
QLENX is an actively managed fund by AQR Funds. It was launched on Jul 16, 2013. VIG is a passively managed fund by Vanguard that tracks the performance of the NASDAQ US Dividend Achievers Select Index. It was launched on Apr 21, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QLENX or VIG.
Correlation
The correlation between QLENX and VIG is 0.52, 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. VIG - Performance Comparison
Key characteristics
QLENX:
1.63
VIG:
0.04
QLENX:
2.06
VIG:
0.13
QLENX:
1.32
VIG:
1.02
QLENX:
2.13
VIG:
0.03
QLENX:
10.94
VIG:
0.19
QLENX:
1.38%
VIG:
2.60%
QLENX:
9.26%
VIG:
13.07%
QLENX:
-39.59%
VIG:
-46.81%
QLENX:
-7.09%
VIG:
-13.99%
Returns By Period
In the year-to-date period, QLENX achieves a 2.50% return, which is significantly higher than VIG's -9.86% return. Both investments have delivered pretty close results over the past 10 years, with QLENX having a 10.37% annualized return and VIG not far behind at 10.14%.
QLENX
2.50%
-4.48%
10.15%
14.43%
20.89%
10.37%
VIG
-9.86%
-11.56%
-9.30%
-0.25%
11.98%
10.14%
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QLENX vs. VIG - Expense Ratio Comparison
QLENX has a 5.18% expense ratio, which is higher than VIG's 0.06% expense ratio.
Risk-Adjusted Performance
QLENX vs. VIG — Risk-Adjusted Performance Rank
QLENX
VIG
QLENX vs. VIG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Long-Short Equity N (QLENX) and Vanguard Dividend Appreciation ETF (VIG). 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. VIG - Dividend Comparison
QLENX's dividend yield for the trailing twelve months is around 6.96%, more than VIG's 2.02% 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% |
VIG Vanguard Dividend Appreciation ETF | 2.02% | 1.73% | 1.88% | 1.96% | 1.55% | 1.63% | 1.71% | 2.08% | 1.88% | 2.14% | 2.34% | 1.95% |
Drawdowns
QLENX vs. VIG - Drawdown Comparison
The maximum QLENX drawdown since its inception was -39.59%, smaller than the maximum VIG drawdown of -46.81%. Use the drawdown chart below to compare losses from any high point for QLENX and VIG. For additional features, visit the drawdowns tool.
Volatility
QLENX vs. VIG - Volatility Comparison
The current volatility for AQR Long-Short Equity N (QLENX) is 5.59%, while Vanguard Dividend Appreciation ETF (VIG) has a volatility of 7.73%. This indicates that QLENX experiences smaller price fluctuations and is considered to be less risky than VIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.