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 Dec 19, 2013.
Performance
QLENX vs. VIG - Performance Comparison
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QLENX vs. VIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QLENX AQR Long-Short Equity N | -3.31% | 34.07% | 30.18% | 23.67% | 18.92% | 30.70% | -14.18% | 1.01% | -16.64% | 15.48% |
VIG Vanguard Dividend Appreciation ETF | -1.77% | 14.17% | 16.99% | 14.51% | -9.80% | 23.76% | 15.43% | 29.62% | -2.08% | 22.22% |
Returns By Period
In the year-to-date period, QLENX achieves a -3.31% return, which is significantly lower than VIG's -1.77% return. Over the past 10 years, QLENX has underperformed VIG with an annualized return of 11.26%, while VIG has yielded a comparatively higher 12.25% annualized return.
QLENX
- 1D
- 0.56%
- 1M
- -2.74%
- YTD
- -3.31%
- 6M
- 4.39%
- 1Y
- 19.30%
- 3Y*
- 26.24%
- 5Y*
- 22.20%
- 10Y*
- 11.26%
VIG
- 1D
- 2.07%
- 1M
- -5.18%
- YTD
- -1.77%
- 6M
- 0.45%
- 1Y
- 12.67%
- 3Y*
- 13.80%
- 5Y*
- 9.76%
- 10Y*
- 12.25%
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QLENX vs. VIG - Expense Ratio Comparison
QLENX has a 5.18% expense ratio, which is higher than VIG's 0.04% expense ratio.
Return for Risk
QLENX vs. VIG — Risk / Return Rank
QLENX
VIG
QLENX vs. VIG - Risk-Adjusted Trends 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.
| QLENX | VIG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.26 | 0.83 | +1.43 |
Sortino ratioReturn per unit of downside risk | 2.93 | 1.28 | +1.65 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.18 | +0.28 |
Calmar ratioReturn relative to maximum drawdown | 2.83 | 1.28 | +1.55 |
Martin ratioReturn relative to average drawdown | 11.16 | 5.73 | +5.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QLENX | VIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.26 | 0.83 | +1.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.19 | 0.69 | +1.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.07 | 0.77 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.21 | 0.57 | +0.63 |
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.
Dividends
QLENX vs. VIG - Dividend Comparison
QLENX's dividend yield for the trailing twelve months is around 1.69%, more than VIG's 1.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLENX AQR Long-Short Equity N | 1.69% | 1.64% | 7.13% | 21.21% | 14.09% | 0.00% | 1.59% | 0.00% | 6.09% | 8.91% | 2.87% | 4.91% |
VIG Vanguard Dividend Appreciation ETF | 1.61% | 1.62% | 1.73% | 1.88% | 1.96% | 1.55% | 1.63% | 1.71% | 2.08% | 1.88% | 2.14% | 2.34% |
Drawdowns
QLENX vs. VIG - Drawdown Comparison
The maximum QLENX drawdown since its inception was -38.50%, 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.
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Drawdown Indicators
| QLENX | VIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.50% | -46.81% | +8.31% |
Max Drawdown (1Y)Largest decline over 1 year | -6.50% | -10.83% | +4.33% |
Max Drawdown (5Y)Largest decline over 5 years | -17.19% | -20.39% | +3.20% |
Max Drawdown (10Y)Largest decline over 10 years | -38.50% | -31.72% | -6.78% |
Current DrawdownCurrent decline from peak | -3.91% | -6.00% | +2.09% |
Average DrawdownAverage peak-to-trough decline | -7.55% | -5.55% | -2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 2.42% | -0.77% |
Volatility
QLENX vs. VIG - Volatility Comparison
The current volatility for AQR Long-Short Equity N (QLENX) is 1.92%, while Vanguard Dividend Appreciation ETF (VIG) has a volatility of 4.07%. 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.
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Volatility by Period
| QLENX | VIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.92% | 4.07% | -2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 4.92% | 7.84% | -2.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.66% | 15.31% | -6.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.22% | 14.26% | -4.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.55% | 16.05% | -5.50% |