QTELX vs. SCHE
Compare and contrast key facts about AQR Emerging Multi-Style II Fund (QTELX) and Schwab Emerging Markets Equity ETF (SCHE).
QTELX is managed by AQR Funds. It was launched on Feb 10, 2015. SCHE is a passively managed fund by Charles Schwab that tracks the performance of the FTSE All-World Emerging. It was launched on Jan 14, 2010.
Performance
QTELX vs. SCHE - Performance Comparison
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QTELX vs. SCHE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QTELX AQR Emerging Multi-Style II Fund | 5.84% | 32.89% | 11.82% | 12.66% | -21.29% | 0.92% | 16.90% | 14.27% | -16.22% | 37.15% |
SCHE Schwab Emerging Markets Equity ETF | 0.89% | 26.54% | 10.60% | 8.93% | -17.84% | -0.65% | 14.49% | 20.31% | -13.57% | 32.70% |
Returns By Period
In the year-to-date period, QTELX achieves a 5.84% return, which is significantly higher than SCHE's 0.89% return. Over the past 10 years, QTELX has outperformed SCHE with an annualized return of 8.48%, while SCHE has yielded a comparatively lower 7.71% annualized return.
QTELX
- 1D
- 2.76%
- 1M
- -8.99%
- YTD
- 5.84%
- 6M
- 11.26%
- 1Y
- 35.74%
- 3Y*
- 19.44%
- 5Y*
- 5.62%
- 10Y*
- 8.48%
SCHE
- 1D
- 0.27%
- 1M
- -5.17%
- YTD
- 0.89%
- 6M
- 1.12%
- 1Y
- 22.64%
- 3Y*
- 14.08%
- 5Y*
- 3.73%
- 10Y*
- 7.71%
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QTELX vs. SCHE - Expense Ratio Comparison
QTELX has a 0.70% expense ratio, which is higher than SCHE's 0.11% expense ratio.
Return for Risk
QTELX vs. SCHE — Risk / Return Rank
QTELX
SCHE
QTELX vs. SCHE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Emerging Multi-Style II Fund (QTELX) and Schwab Emerging Markets Equity ETF (SCHE). 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 | SCHE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.06 | 1.25 | +0.81 |
Sortino ratioReturn per unit of downside risk | 2.66 | 1.78 | +0.88 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.26 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 2.71 | 1.92 | +0.79 |
Martin ratioReturn relative to average drawdown | 10.50 | 7.21 | +3.29 |
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 | SCHE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 1.25 | +0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.21 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.40 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.22 | +0.28 |
Correlation
The correlation between QTELX and SCHE is 0.92, 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. SCHE - Dividend Comparison
QTELX's dividend yield for the trailing twelve months is around 3.98%, more than SCHE's 2.85% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QTELX AQR Emerging Multi-Style II Fund | 3.98% | 4.21% | 4.84% | 5.65% | 4.60% | 2.42% | 1.53% | 2.32% | 2.32% | 1.55% | 2.51% | 0.00% |
SCHE Schwab Emerging Markets Equity ETF | 2.85% | 2.88% | 3.03% | 3.83% | 2.88% | 2.86% | 2.09% | 3.27% | 2.64% | 2.31% | 2.27% | 2.50% |
Drawdowns
QTELX vs. SCHE - Drawdown Comparison
The maximum QTELX drawdown since its inception was -40.55%, which is greater than SCHE's maximum drawdown of -36.20%. Use the drawdown chart below to compare losses from any high point for QTELX and SCHE.
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Drawdown Indicators
| QTELX | SCHE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.55% | -36.20% | -4.35% |
Max Drawdown (1Y)Largest decline over 1 year | -13.38% | -12.14% | -1.24% |
Max Drawdown (5Y)Largest decline over 5 years | -37.60% | -33.77% | -3.83% |
Max Drawdown (10Y)Largest decline over 10 years | -40.55% | -36.20% | -4.35% |
Current DrawdownCurrent decline from peak | -10.99% | -8.15% | -2.84% |
Average DrawdownAverage peak-to-trough decline | -12.62% | -12.71% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | 3.23% | +0.22% |
Volatility
QTELX vs. SCHE - Volatility Comparison
AQR Emerging Multi-Style II Fund (QTELX) has a higher volatility of 8.78% compared to Schwab Emerging Markets Equity ETF (SCHE) at 7.69%. This indicates that QTELX's price experiences larger fluctuations and is considered to be riskier than SCHE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QTELX | SCHE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.78% | 7.69% | +1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 13.58% | 12.64% | +0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.88% | 18.23% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.64% | 17.51% | -0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.66% | 19.42% | -1.76% |