QTELX vs. QDSIX
QTELX (AQR Emerging Multi-Style II Fund) and QDSIX (AQR Diversifying Strategies Fund - Class I) are both mutual funds - QTELX is a Emerging Markets Equities fund managed by AQR, while QDSIX is a Multistrategy fund managed by AQR. Over the past 5 years, QTELX returned 8.36%/yr vs 11.24%/yr for QDSIX. Their 0.23 correlation means their historical movements had little consistent relationship. QTELX charges 0.70%/yr vs 1.23%/yr for QDSIX.
Performance
QTELX vs. QDSIX - Performance Comparison
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Returns By Period
In the year-to-date period, QTELX achieves a 16.53% return, which is significantly higher than QDSIX's 5.50% return.
QTELX
- 1D
- 4.19%
- 1M
- -3.99%
- 6M
- 6.24%
- YTD
- 16.53%
- 1Y
- 34.92%
- 3Y*
- 20.24%
- 5Y*
- 8.36%
- 10Y*
- 8.81%
- ALL TIME*
- 9.52%
QDSIX
- 1D
- 0.61%
- 1M
- 2.21%
- 6M
- 3.50%
- YTD
- 5.50%
- 1Y
- 13.88%
- 3Y*
- 12.16%
- 5Y*
- 11.24%
- 10Y*
- —
- ALL TIME*
- 11.62%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
QTELX vs. QDSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
QTELX AQR Emerging Multi-Style II Fund | 16.53% | 32.89% | 11.82% | 12.66% | -21.29% | 0.92% | 27.16% |
QDSIX AQR Diversifying Strategies Fund - Class I | 5.50% | 16.36% | 9.71% | 8.88% | 14.69% | 10.64% | 5.50% |
Correlation
The correlation between QTELX and QDSIX is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.51 |
Correlation (3Y) Balances recent behavior with more history. | 0.32 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2020 | 0.24 |
Over the past year, QTELX and QDSIX have become more correlated (0.51) than their long-term average of 0.23, meaning their price movements have been converging.
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Return for Risk
QTELX vs. QDSIX — Risk / Return Rank
QTELX
QDSIX
QTELX vs. QDSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Emerging Multi-Style II Fund (QTELX) and AQR Diversifying Strategies Fund - Class I (QDSIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QTELX | QDSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.45 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 4.21 | -2.04 |
| Martin ratioReturn relative to average drawdown | 7.15 | 13.94 | -6.79 |
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Drawdowns
QTELX vs. QDSIX - Drawdown Comparison
The maximum QTELX drawdown since its inception was -40.55%, which is greater than QDSIX's maximum drawdown of -7.06%. Use the drawdown chart below to compare losses from any high point for QTELX and QDSIX.
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Drawdown Indicators
| QTELX | QDSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.55% | -7.06% | -33.49% |
Max Drawdown (1Y)Largest decline over 1 year | -14.71% | -3.08% | -11.63% |
Max Drawdown (3Y)Largest decline over 3 years | -16.94% | -6.90% | -10.04% |
Max Drawdown (5Y)Largest decline over 5 years | -34.86% | -7.06% | -27.80% |
Max Drawdown (10Y)Largest decline over 10 years | -40.55% | — | — |
Current DrawdownCurrent decline from peak | -11.14% | -0.94% | -10.20% |
Average DrawdownAverage peak-to-trough decline | -12.35% | -1.44% | -10.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.47% | 0.93% | +3.54% |
Volatility
QTELX vs. QDSIX - Volatility Comparison
AQR Emerging Multi-Style II Fund (QTELX) has a higher volatility of 10.16% compared to AQR Diversifying Strategies Fund - Class I (QDSIX) at 1.81%. This indicates that QTELX's price experiences larger fluctuations and is considered to be riskier than QDSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QTELX | QDSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.16% | 1.81% | +8.35% |
Volatility (6M)Calculated over the trailing 6-month period | 21.02% | 3.94% | +17.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.02% | 5.36% | +17.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.16% | 7.63% | +10.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.31% | 7.30% | +11.01% |
QTELX vs. QDSIX - Expense Ratio Comparison
QTELX has a 0.70% expense ratio, which is lower than QDSIX's 1.23% expense ratio.
Dividends
QTELX vs. QDSIX - Dividend Comparison
QTELX's dividend yield for the trailing twelve months is around 3.62%, more than QDSIX's 2.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
QDSIX AQR Diversifying Strategies Fund - Class I | 2.12% | 2.23% | 0.00% | 11.35% | 8.22% | 6.07% | 1.93% | 0.00% | 0.00% | 0.00% | 0.00% |
QTELX AQR Emerging Multi-Style II Fund | 3.62% | 4.21% | 4.84% | 5.65% | 4.60% | 2.42% | 1.53% | 2.32% | 2.32% | 1.55% | 2.51% |
Frequently Asked Questions
QTELX and QDSIX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QTELX has higher volatility (10.16%) compared to QDSIX (1.81%). In terms of maximum drawdown, QTELX dropped -40.55% vs QDSIX's -7.06%.
QDSIX currently has the higher Sharpe Ratio (2.43 vs 1.39), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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