QNZIX vs. QAI

In the year-to-date period, QNZIX achieves a 3.87% return, which is significantly higher than QAI's 1.34% return.

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QNZIX has a 1.31% expense ratio, which is higher than QAI's 0.79% expense ratio.

This table presents a comparison of risk-adjusted performance metrics for AQR Sustainable Long-Short Equity Carbon Aware Fund (QNZIX) and IQ Hedge Multi-Strategy Tracker ETF (QAI). 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 current QNZIX Sharpe Ratio is 1.04, which is higher than the QAI Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of QNZIX and QAI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

QNZIX's dividend yield for the trailing twelve months is around 16.19%, more than QAI's 2.20% yield.

The maximum QNZIX drawdown since its inception was -18.35%, which is greater than QAI's maximum drawdown of -14.95%. Use the drawdown chart below to compare losses from any high point for QNZIX and QAI.

AQR Sustainable Long-Short Equity Carbon Aware Fund (QNZIX) has a higher volatility of 2.46% compared to IQ Hedge Multi-Strategy Tracker ETF (QAI) at 1.68%. This indicates that QNZIX's price experiences larger fluctuations and is considered to be riskier than QAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.