SAOAX vs. QLEIX
Compare and contrast key facts about Guggenheim Alpha Opportunity Fund (SAOAX) and AQR Long-Short Equity Fund (QLEIX).
SAOAX is managed by Guggenheim. It was launched on Jul 6, 2003. QLEIX is managed by AQR Funds. It was launched on Jul 15, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SAOAX or QLEIX.
Correlation
The correlation between SAOAX and QLEIX is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SAOAX vs. QLEIX - Performance Comparison
Key characteristics
SAOAX:
0.55
QLEIX:
4.23
SAOAX:
0.85
QLEIX:
5.83
SAOAX:
1.10
QLEIX:
1.85
SAOAX:
0.64
QLEIX:
5.59
SAOAX:
1.95
QLEIX:
27.42
SAOAX:
2.76%
QLEIX:
1.16%
SAOAX:
9.82%
QLEIX:
7.50%
SAOAX:
-30.86%
QLEIX:
-42.90%
SAOAX:
-4.43%
QLEIX:
0.00%
Returns By Period
In the year-to-date period, SAOAX achieves a 1.61% return, which is significantly lower than QLEIX's 7.80% return. Over the past 10 years, SAOAX has underperformed QLEIX with an annualized return of 1.76%, while QLEIX has yielded a comparatively higher 9.32% annualized return.
SAOAX
1.61%
-0.60%
0.87%
6.16%
6.23%
1.76%
QLEIX
7.80%
5.11%
17.15%
32.80%
17.70%
9.32%
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SAOAX vs. QLEIX - Expense Ratio Comparison
SAOAX has a 1.76% expense ratio, which is higher than QLEIX's 1.30% expense ratio.
Risk-Adjusted Performance
SAOAX vs. QLEIX — Risk-Adjusted Performance Rank
SAOAX
QLEIX
SAOAX vs. QLEIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim Alpha Opportunity Fund (SAOAX) and AQR Long-Short Equity Fund (QLEIX). 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
SAOAX vs. QLEIX - Dividend Comparison
SAOAX's dividend yield for the trailing twelve months is around 1.05%, less than QLEIX's 6.61% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SAOAX Guggenheim Alpha Opportunity Fund | 1.05% | 1.06% | 0.62% | 0.72% | 0.82% | 1.22% | 0.93% | 1.17% | 0.00% | 0.00% | 0.00% | 0.03% |
QLEIX AQR Long-Short Equity Fund | 6.61% | 7.12% | 20.80% | 10.30% | 0.00% | 0.00% | 0.00% | 0.37% | 4.04% | 1.86% | 4.82% | 8.00% |
Drawdowns
SAOAX vs. QLEIX - Drawdown Comparison
The maximum SAOAX drawdown since its inception was -30.86%, smaller than the maximum QLEIX drawdown of -42.90%. Use the drawdown chart below to compare losses from any high point for SAOAX and QLEIX. For additional features, visit the drawdowns tool.
Volatility
SAOAX vs. QLEIX - Volatility Comparison
Guggenheim Alpha Opportunity Fund (SAOAX) has a higher volatility of 2.37% compared to AQR Long-Short Equity Fund (QLEIX) at 1.48%. This indicates that SAOAX's price experiences larger fluctuations and is considered to be riskier than QLEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.