QTELX vs. EEM
Compare and contrast key facts about AQR Emerging Multi-Style II Fund (QTELX) and iShares MSCI Emerging Markets ETF (EEM).
QTELX is managed by AQR Funds. It was launched on Feb 10, 2015. EEM is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Index. It was launched on Apr 11, 2003.
Performance
QTELX vs. EEM - Performance Comparison
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QTELX vs. EEM - 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% |
EEM iShares MSCI Emerging Markets ETF | 3.80% | 33.98% | 6.49% | 8.95% | -20.56% | -3.63% | 17.02% | 18.22% | -15.31% | 37.26% |
Returns By Period
In the year-to-date period, QTELX achieves a 3.00% return, which is significantly lower than EEM's 3.80% return. Over the past 10 years, QTELX has outperformed EEM with an annualized return of 8.19%, while EEM has yielded a comparatively lower 7.58% 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%
EEM
- 1D
- 3.73%
- 1M
- -9.25%
- YTD
- 3.80%
- 6M
- 7.87%
- 1Y
- 33.09%
- 3Y*
- 15.72%
- 5Y*
- 3.45%
- 10Y*
- 7.58%
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QTELX vs. EEM - Expense Ratio Comparison
QTELX has a 0.70% expense ratio, which is lower than EEM's 0.72% expense ratio.
Return for Risk
QTELX vs. EEM — Risk / Return Rank
QTELX
EEM
QTELX vs. EEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Emerging Multi-Style II Fund (QTELX) and iShares MSCI Emerging Markets ETF (EEM). 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 | EEM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.85 | 1.64 | +0.21 |
Sortino ratioReturn per unit of downside risk | 2.41 | 2.23 | +0.19 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.33 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.27 | 2.43 | -0.16 |
Martin ratioReturn relative to average drawdown | 8.98 | 9.41 | -0.43 |
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
| QTELX | EEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 1.64 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.19 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.37 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.35 | +0.13 |
Correlation
The correlation between QTELX and EEM is 0.93, 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. EEM - Dividend Comparison
QTELX's dividend yield for the trailing twelve months is around 4.09%, more than EEM's 2.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
EEM iShares MSCI Emerging Markets ETF | 2.14% | 2.22% | 2.43% | 2.63% | 2.50% | 1.99% | 1.45% | 2.76% | 2.24% | 1.89% | 1.89% | 2.49% |
Drawdowns
QTELX vs. EEM - Drawdown Comparison
The maximum QTELX drawdown since its inception was -40.55%, smaller than the maximum EEM drawdown of -66.43%. Use the drawdown chart below to compare losses from any high point for QTELX and EEM.
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Drawdown Indicators
| QTELX | EEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.55% | -66.43% | +25.88% |
Max Drawdown (1Y)Largest decline over 1 year | -13.38% | -13.52% | +0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -37.60% | -37.82% | +0.22% |
Max Drawdown (10Y)Largest decline over 10 years | -40.55% | -39.82% | -0.73% |
Current DrawdownCurrent decline from peak | -13.38% | -10.30% | -3.08% |
Average DrawdownAverage peak-to-trough decline | -12.62% | -16.12% | +3.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 3.49% | -0.11% |
Volatility
QTELX vs. EEM - Volatility Comparison
The current volatility for AQR Emerging Multi-Style II Fund (QTELX) is 8.13%, while iShares MSCI Emerging Markets ETF (EEM) has a volatility of 10.70%. This indicates that QTELX experiences smaller price fluctuations and is considered to be less risky than EEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QTELX | EEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.13% | 10.70% | -2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 13.35% | 15.12% | -1.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.72% | 20.23% | -2.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.60% | 18.43% | -1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.64% | 20.32% | -2.68% |