QSMLX vs. QLENX
Compare and contrast key facts about AQR Small Cap Multi-Style Fund (QSMLX) and AQR Long-Short Equity N (QLENX).
QSMLX is managed by AQR Funds. It was launched on Mar 26, 2013. QLENX is an actively managed fund by AQR Funds. It was launched on Jul 16, 2013.
Performance
QSMLX vs. QLENX - Performance Comparison
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QSMLX vs. QLENX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QSMLX AQR Small Cap Multi-Style Fund | -0.44% | 17.41% | 11.02% | 24.01% | -18.31% | 26.54% | 17.99% | 20.42% | -14.26% | 9.33% |
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% |
Returns By Period
In the year-to-date period, QSMLX achieves a -0.44% return, which is significantly higher than QLENX's -3.31% return. Over the past 10 years, QSMLX has underperformed QLENX with an annualized return of 10.41%, while QLENX has yielded a comparatively higher 11.26% annualized return.
QSMLX
- 1D
- -1.53%
- 1M
- -7.52%
- YTD
- -0.44%
- 6M
- 0.79%
- 1Y
- 25.04%
- 3Y*
- 16.69%
- 5Y*
- 7.23%
- 10Y*
- 10.41%
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%
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QSMLX vs. QLENX - Expense Ratio Comparison
QSMLX has a 0.72% expense ratio, which is lower than QLENX's 5.18% expense ratio.
Return for Risk
QSMLX vs. QLENX — Risk / Return Rank
QSMLX
QLENX
QSMLX vs. QLENX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Small Cap Multi-Style Fund (QSMLX) and AQR Long-Short Equity N (QLENX). 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.
| QSMLX | QLENX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 2.26 | -1.11 |
Sortino ratioReturn per unit of downside risk | 1.69 | 2.93 | -1.24 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.46 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 2.83 | -0.92 |
Martin ratioReturn relative to average drawdown | 7.14 | 11.16 | -4.02 |
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
| QSMLX | QLENX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 2.26 | -1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 2.19 | -1.86 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 1.07 | -0.62 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 1.21 | -0.82 |
Correlation
The correlation between QSMLX and QLENX is 0.43, 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
QSMLX vs. QLENX - Dividend Comparison
QSMLX's dividend yield for the trailing twelve months is around 10.36%, more than QLENX's 1.69% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QSMLX AQR Small Cap Multi-Style Fund | 10.36% | 10.31% | 13.88% | 6.74% | 0.87% | 6.13% | 1.77% | 0.97% | 13.57% | 10.71% | 2.53% | 0.22% |
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% |
Drawdowns
QSMLX vs. QLENX - Drawdown Comparison
The maximum QSMLX drawdown since its inception was -44.38%, which is greater than QLENX's maximum drawdown of -38.50%. Use the drawdown chart below to compare losses from any high point for QSMLX and QLENX.
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Drawdown Indicators
| QSMLX | QLENX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.38% | -38.50% | -5.88% |
Max Drawdown (1Y)Largest decline over 1 year | -12.18% | -6.50% | -5.68% |
Max Drawdown (5Y)Largest decline over 5 years | -30.21% | -17.19% | -13.02% |
Max Drawdown (10Y)Largest decline over 10 years | -44.38% | -38.50% | -5.88% |
Current DrawdownCurrent decline from peak | -9.33% | -3.91% | -5.42% |
Average DrawdownAverage peak-to-trough decline | -8.28% | -7.55% | -0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 1.65% | +1.62% |
Volatility
QSMLX vs. QLENX - Volatility Comparison
AQR Small Cap Multi-Style Fund (QSMLX) has a higher volatility of 6.75% compared to AQR Long-Short Equity N (QLENX) at 1.92%. This indicates that QSMLX's price experiences larger fluctuations and is considered to be riskier than QLENX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QSMLX | QLENX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.75% | 1.92% | +4.83% |
Volatility (6M)Calculated over the trailing 6-month period | 14.50% | 4.92% | +9.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.62% | 8.66% | +13.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.50% | 10.22% | +12.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.14% | 10.55% | +12.59% |