QSMLX vs. XSHQ
Compare and contrast key facts about AQR Small Cap Multi-Style Fund (QSMLX) and Invesco S&P SmallCap Quality ETF (XSHQ).
QSMLX is managed by AQR Funds. It was launched on Mar 26, 2013. XSHQ is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Quality Index. It was launched on Apr 6, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QSMLX or XSHQ.
Key characteristics
| QSMLX | XSHQ | |
|---|---|---|
| YTD Return | -1.90% | -1.76% |
| 1Y Return | 24.99% | 22.87% |
| 3Y Return (Ann) | 1.78% | 3.71% |
| 5Y Return (Ann) | 8.88% | 7.95% |
| Sharpe Ratio | 1.00 | 1.13 |
| Daily Std Dev | 22.80% | 18.73% |
| Max Drawdown | -44.59% | -38.33% |
| Current Drawdown | -7.25% | -5.15% |
Correlation
The correlation between QSMLX and XSHQ is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
QSMLX vs. XSHQ - Performance Comparison
In the year-to-date period, QSMLX achieves a -1.90% return, which is significantly lower than XSHQ's -1.76% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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QSMLX vs. XSHQ - Expense Ratio Comparison
QSMLX has a 0.72% expense ratio, which is higher than XSHQ's 0.29% expense ratio.
Risk-Adjusted Performance
QSMLX vs. XSHQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Small Cap Multi-Style Fund (QSMLX) and Invesco S&P SmallCap Quality ETF (XSHQ). 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
QSMLX vs. XSHQ - Dividend Comparison
QSMLX's dividend yield for the trailing twelve months is around 6.86%, more than XSHQ's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QSMLX AQR Small Cap Multi-Style Fund | 6.86% | 6.73% | 0.87% | 6.13% | 1.77% | 0.97% | 13.57% | 10.71% | 2.53% | 0.22% | 1.33% | 1.19% |
XSHQ Invesco S&P SmallCap Quality ETF | 1.18% | 1.15% | 2.02% | 1.25% | 1.24% | 1.11% | 1.16% | 0.78% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QSMLX vs. XSHQ - Drawdown Comparison
The maximum QSMLX drawdown since its inception was -44.59%, which is greater than XSHQ's maximum drawdown of -38.33%. Use the drawdown chart below to compare losses from any high point for QSMLX and XSHQ. For additional features, visit the drawdowns tool.
Volatility
QSMLX vs. XSHQ - Volatility Comparison
AQR Small Cap Multi-Style Fund (QSMLX) has a higher volatility of 5.34% compared to Invesco S&P SmallCap Quality ETF (XSHQ) at 4.93%. This indicates that QSMLX's price experiences larger fluctuations and is considered to be riskier than XSHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.