- ISIN
- US45409B5600
- CUSIP
- 45409B560
- Issuer
- New York Life
- Inception Date
- Jul 22, 2015
- Region
- Developed Markets (Broad)
- Category
- Foreign Large Cap Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- FTSE Developed ex North America 50% Hedged to USD Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $2B
Highlights
- Avg. Volume (1M)
- 336K
- Avg. Volume Value (1M)
- $12.55M
Share Price Chart
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Performance
HFXI Performance Chart
IQ 50 Percent Hedged FTSE International ETF (HFXI) is up 16.2% since the beginning of the year. HFXI is currently trading at $37 per share. Investors who bought $1,000 worth of HFXI shares 5 years ago would now be looking at an investment worth $1,774.
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Returns By Period
IQ 50 Percent Hedged FTSE International ETF (HFXI) has returned 16.19% so far this year and 32.93% over the past 12 months. Over the last ten years, HFXI has returned 11.29% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
IQ 50 Percent Hedged FTSE International ETF
- 1D
- -0.37%
- 1M
- -0.69%
- 6M
- 9.89%
- YTD
- 16.19%
- 1Y
- 32.93%
- 3Y*
- 19.02%
- 5Y*
- 12.15%
- 10Y*
- 11.29%
- ALL TIME*
- 9.31%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
HFXI Monthly Returns History
Based on dividend-adjusted daily data since Jul 22, 2015, HFXI's average daily return is +0.04%, while the average monthly return is +0.82%. At this rate, an investment would double in approximately 7.1 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +13.9%, while the worst month was Mar 2020 at -13.8%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 3 months.
On a daily basis, HFXI closed higher 53% of trading days. The best single day was Mar 13, 2020 with a return of +7.4%, while the worst single day was Mar 12, 2020 at -11.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.73% | 6.62% | -7.94% | 6.73% | 5.30% | 1.53% | -1.89% | 16.19% | |||||
| 2025 | 4.45% | 2.20% | -1.08% | 1.67% | 4.32% | 2.49% | -0.07% | 3.33% | 2.56% | 3.26% | 0.67% | 2.95% | 30.10% |
| 2024 | 0.76% | 3.59% | 3.48% | -2.16% | 3.73% | -0.72% | 1.61% | 1.84% | 0.30% | -3.40% | -0.24% | -1.18% | 7.58% |
| 2023 | 8.47% | -1.59% | 1.86% | 2.64% | -2.11% | 4.13% | 2.25% | -2.86% | -2.32% | -2.59% | 6.74% | 4.18% | 19.56% |
| 2022 | -3.55% | -3.13% | 1.10% | -4.24% | 1.49% | -7.50% | 5.41% | -4.54% | -7.78% | 5.84% | 10.38% | -2.99% | -10.71% |
| 2021 | -0.41% | 2.60% | 3.58% | 1.80% | 3.08% | 0.03% | 0.36% | 1.92% | -3.10% | 2.33% | -3.33% | 4.62% | 13.96% |
Benchmark Metrics
IQ 50 Percent Hedged FTSE International ETF has an annualized alpha of 0.15%, beta of 0.78, and R2 of 0.69 versus S&P 500 Index. Calculated based on daily prices since July 22, 2015.
- This ETF participated in 81.27% of S&P 500 Index downside but only 74.01% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 0.15%
- Beta
- 0.78
- R²
- 0.69
- Upside Capture
- 74.01%
- Downside Capture
- 81.27%
Expense Ratio
HFXI has an expense ratio of 0.20%, which is considered low.
Return for Risk
Risk / Return Rank
HFXI ranks 81 for risk / return — above 81% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for IQ 50 Percent Hedged FTSE International ETF (HFXI) and compare them to S&P 500 Index.
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.
| HFXI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.25 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 2.00 | +0.94 |
| Martin ratioReturn relative to average drawdown | 10.78 | 8.49 | +2.29 |
Dividends
Dividend History
IQ 50 Percent Hedged FTSE International ETF provided a 3.33% dividend yield over the last twelve months, with an annual payout of $1.25 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.25 | $1.36 | $0.70 | $0.62 | $0.99 | $0.78 | $0.45 | $0.69 | $0.79 | $0.55 | $0.49 | $0.14 |
Dividend yield | 3.33% | 4.19% | 2.68% | 2.49% | 4.65% | 3.10% | 2.00% | 3.19% | 4.33% | 2.56% | 2.71% | 0.78% |
Monthly Dividends
The table displays the monthly dividend distributions for IQ 50 Percent Hedged FTSE International ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.23 | $0.00 | $0.32 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.72 | $1.36 |
| 2024 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.26 | $0.70 |
| 2023 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.19 | $0.62 |
| 2022 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.49 | $0.99 |
| 2021 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.22 | $0.78 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the IQ 50 Percent Hedged FTSE International ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the IQ 50 Percent Hedged FTSE International ETF was 32.42%, occurring on Mar 16, 2020. Recovery took 175 trading sessions.
The current IQ 50 Percent Hedged FTSE International ETF drawdown is 3.31%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-32.42%Mar 2020 | 1mo 25d | 8mo 9d | 10mo 4dJan 2020 - Nov 2020 | COVID crash2020 |
-22.35%Sep 2022 | 1y 19d | 8mo 19d | 1y 9moSep 2021 - Jun 2023 | Bear market2022 |
-20.75%Feb 2016 | 6mo 4d | 1y 1mo | 1y 7moAug 2015 - Mar 2017 | — |
-19.71%Dec 2018 | 10mo 29d | 10mo 16d | 1y 9moJan 2018 - Nov 2019 | Rate-hike selloffLate 2018 |
-13.52%Apr 2025 | 19d | 24d | 1mo 13dMar 2025 - May 2025 | 2025 selloff2025 |
Drawdown Indicators
| HFXI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.42% | -56.78% | +24.36% |
Max Drawdown (1Y)Largest decline over 1 year | -10.84% | -9.10% | -1.74% |
Max Drawdown (3Y)Largest decline over 3 years | -13.52% | -18.90% | +5.38% |
Max Drawdown (5Y)Largest decline over 5 years | -22.35% | -25.43% | +3.08% |
Max Drawdown (10Y)Largest decline over 10 years | -32.42% | -33.92% | +1.50% |
Current DrawdownCurrent decline from peak | -3.31% | -1.58% | -1.73% |
Average DrawdownAverage peak-to-trough decline | -5.42% | -10.70% | +5.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 2.14% | +0.81% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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