QLENX

AICHEngineer

This may be a chat to have with your FA. Complexity and tracking error may just not be right for you, even if on a pure math basis you would end up richer with AQR. In the world of quantitative investing, AQR is very legit. Some of their funds are the absolute best means of accessing factor tilts, trend, multi-asset diversification (QLEIX, QLENX, QHFNX, QSPIX, etc), and theyve been doing financial science stuff to make their strategies much more tax aware. They have way more tools to offer you than just tax-loss-harvesting long-only funds. They also have long/short factor tilt funds, trend algos, US beta + l/s, but yeah their fees are very high. You have to really believe in the factor premia and trend to buy the style products. But, results do speak for themselves like QLEIX (total world stock market long/short value/profitability/momentum factor tilt fund) vs VT (MCW total world). QLEIX has crushed VT on returns and with way lower volatility and drawdowns.

hymie-the-robot

I'm over my head here, as I am more of a generalist. but here's what I found. I ran a 10-year backtest, assuming assets of VT, VGLT, AQMNX, QLENX, in descending order of percentages. I came up with roughly 9% return, 10% standard deviation. I'm not sure if I captured your intent, or if some assets should be represented by different tickers. Sharpe & Sortino ratios were less than those of SPY. it returned a lot less than SPY, with much smaller standard deviation.

dvdmovie1

There are long-short funds but very very few of them are any good and great performance doesn't guarantee continued future greatness. Expense ratios are also generally higher given costs w/shorting. Best l/s fund available to retail investors is probably QLENX. Even that had some issues around 2018-2020 before having great years every year since (including 2022)

bejammin075

QLENX and QQMNX, along with a little gold an a pinch of bitcoin are going to be my "bonds". A 3rd runner up is QMNNX, but I'm not going to use it. The first two I listed above have a very low correlation with growth stocks, value stocks, and REITs, and they also don't correlate at all with each other, nor gold.

yoshiatsu

Since 2013 (when it was created?), QLENX up 71.27%. Meanwhile the S&P500 over the same timeframe is up 238.86%. Does it really matter when the fees are collected?

Spiritual-Profile419

Let explain expenses ratios because you obviously don’t get it. 1. investment results have to be quoted AFTER expenses. 2. expenses only matter while similar outcomes are likely such as an index fund. Then you pick the lowest expense ratio to gain the highest return. 3. For any proprietary strategy like QLENX all the matters is the return.

Spiritual-Profile419

I use a long- short fund to do the work for me. QLENX, up 10.5% YTD. 23.5% 1 year returns.

EmergencyRace7158

Keep it simple. GLD is a hedge against currency wars given central bank buying. BNDX invests in non US fixed income which should keep things fairly stable outside of the embedded USD short and foreign yield curve exposure. I'd also recommend moving into non US equity markets because they're reasonably valued and look set to outperform US markets going forward as foreign capital flows into US stocks reverse. VEU is Vanguards monster ex US etf and there are country specific funds as well (EW\*, EP\*) if you're more advanced. At the exotic end you have long/short funds with material global exposure like QLENX and BDMAX which offer a beta neutral actively managed way to get global exposure.