WAYEX vs. QLEIX
Compare and contrast key facts about Waycross Long/Short Equity Fund (WAYEX) and AQR Long-Short Equity Fund (QLEIX).
WAYEX is managed by Waycross. It was launched on Apr 28, 2015. 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: WAYEX or QLEIX.
Correlation
The correlation between WAYEX and QLEIX is 0.42, 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
WAYEX vs. QLEIX - Performance Comparison
Key characteristics
WAYEX:
0.73
QLEIX:
4.20
WAYEX:
0.97
QLEIX:
5.80
WAYEX:
1.15
QLEIX:
1.85
WAYEX:
1.03
QLEIX:
5.55
WAYEX:
2.85
QLEIX:
27.19
WAYEX:
2.41%
QLEIX:
1.16%
WAYEX:
9.43%
QLEIX:
7.53%
WAYEX:
-21.47%
QLEIX:
-42.90%
WAYEX:
-3.25%
QLEIX:
0.00%
Returns By Period
In the year-to-date period, WAYEX achieves a 3.42% return, which is significantly lower than QLEIX's 7.62% return.
WAYEX
3.42%
2.43%
2.40%
6.31%
7.64%
N/A
QLEIX
7.62%
4.80%
16.65%
31.81%
17.24%
9.36%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
WAYEX vs. QLEIX - Expense Ratio Comparison
WAYEX has a 2.27% expense ratio, which is higher than QLEIX's 1.30% expense ratio.
Risk-Adjusted Performance
WAYEX vs. QLEIX — Risk-Adjusted Performance Rank
WAYEX
QLEIX
WAYEX vs. QLEIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Waycross Long/Short Equity Fund (WAYEX) 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
WAYEX vs. QLEIX - Dividend Comparison
WAYEX's dividend yield for the trailing twelve months is around 1.72%, less than QLEIX's 6.62% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WAYEX Waycross Long/Short Equity Fund | 1.72% | 1.78% | 0.80% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QLEIX AQR Long-Short Equity Fund | 6.62% | 7.12% | 20.80% | 10.30% | 0.00% | 0.00% | 0.00% | 0.37% | 4.04% | 1.86% | 4.82% | 8.00% |
Drawdowns
WAYEX vs. QLEIX - Drawdown Comparison
The maximum WAYEX drawdown since its inception was -21.47%, smaller than the maximum QLEIX drawdown of -42.90%. Use the drawdown chart below to compare losses from any high point for WAYEX and QLEIX. For additional features, visit the drawdowns tool.
Volatility
WAYEX vs. QLEIX - Volatility Comparison
Waycross Long/Short Equity Fund (WAYEX) has a higher volatility of 2.10% compared to AQR Long-Short Equity Fund (QLEIX) at 1.60%. This indicates that WAYEX'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.