QTELX vs. DRESX
Compare and contrast key facts about AQR Emerging Multi-Style II Fund (QTELX) and Driehaus Emerging Markets Small Cap Growth Fund (DRESX).
QTELX is managed by AQR Funds. It was launched on Feb 10, 2015. DRESX is managed by Driehaus. It was launched on Aug 21, 2011.
Performance
QTELX vs. DRESX - Performance Comparison
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QTELX vs. DRESX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QTELX AQR Emerging Multi-Style II Fund | 3.00% | 32.89% | 11.82% | 12.66% | -21.29% | 0.92% | 16.90% | 14.27% | -16.22% | 37.15% |
DRESX Driehaus Emerging Markets Small Cap Growth Fund | 4.87% | 24.08% | 14.86% | 10.30% | -21.17% | 15.93% | 33.56% | 33.70% | -24.00% | 33.30% |
Returns By Period
In the year-to-date period, QTELX achieves a 3.00% return, which is significantly lower than DRESX's 4.87% return. Over the past 10 years, QTELX has underperformed DRESX with an annualized return of 8.19%, while DRESX has yielded a comparatively higher 9.96% annualized return.
QTELX
- 1D
- -0.89%
- 1M
- -12.25%
- YTD
- 3.00%
- 6M
- 9.03%
- 1Y
- 32.97%
- 3Y*
- 18.36%
- 5Y*
- 5.36%
- 10Y*
- 8.19%
DRESX
- 1D
- -0.83%
- 1M
- -9.63%
- YTD
- 4.87%
- 6M
- 9.22%
- 1Y
- 36.60%
- 3Y*
- 16.63%
- 5Y*
- 8.16%
- 10Y*
- 9.96%
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QTELX vs. DRESX - Expense Ratio Comparison
QTELX has a 0.70% expense ratio, which is lower than DRESX's 1.24% expense ratio.
Return for Risk
QTELX vs. DRESX — Risk / Return Rank
QTELX
DRESX
QTELX vs. DRESX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Emerging Multi-Style II Fund (QTELX) and Driehaus Emerging Markets Small Cap Growth Fund (DRESX). 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.
| QTELX | DRESX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.85 | 2.39 | -0.53 |
Sortino ratioReturn per unit of downside risk | 2.41 | 3.15 | -0.74 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.44 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.27 | 3.42 | -1.15 |
Martin ratioReturn relative to average drawdown | 8.98 | 12.23 | -3.25 |
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
| QTELX | DRESX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 2.39 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.57 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.64 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.53 | -0.05 |
Correlation
The correlation between QTELX and DRESX is 0.76, 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.
Dividends
QTELX vs. DRESX - Dividend Comparison
QTELX's dividend yield for the trailing twelve months is around 4.09%, more than DRESX's 2.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
QTELX AQR Emerging Multi-Style II Fund | 4.09% | 4.21% | 4.84% | 5.65% | 4.60% | 2.42% | 1.53% | 2.32% | 2.32% | 1.55% | 2.51% |
DRESX Driehaus Emerging Markets Small Cap Growth Fund | 2.14% | 2.25% | 0.68% | 1.09% | 0.00% | 0.04% | 0.65% | 0.41% | 0.00% | 0.00% | 0.00% |
Drawdowns
QTELX vs. DRESX - Drawdown Comparison
The maximum QTELX drawdown since its inception was -40.55%, which is greater than DRESX's maximum drawdown of -33.38%. Use the drawdown chart below to compare losses from any high point for QTELX and DRESX.
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Drawdown Indicators
| QTELX | DRESX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.55% | -33.38% | -7.17% |
Max Drawdown (1Y)Largest decline over 1 year | -13.38% | -10.16% | -3.22% |
Max Drawdown (5Y)Largest decline over 5 years | -37.60% | -25.88% | -11.72% |
Max Drawdown (10Y)Largest decline over 10 years | -40.55% | -33.38% | -7.17% |
Current DrawdownCurrent decline from peak | -13.38% | -10.16% | -3.22% |
Average DrawdownAverage peak-to-trough decline | -12.62% | -9.99% | -2.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 2.84% | +0.54% |
Volatility
QTELX vs. DRESX - Volatility Comparison
AQR Emerging Multi-Style II Fund (QTELX) has a higher volatility of 8.13% compared to Driehaus Emerging Markets Small Cap Growth Fund (DRESX) at 6.63%. This indicates that QTELX's price experiences larger fluctuations and is considered to be riskier than DRESX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QTELX | DRESX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.13% | 6.63% | +1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 13.35% | 11.15% | +2.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.72% | 15.26% | +2.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.60% | 14.42% | +2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.64% | 15.67% | +1.97% |