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ISIN
US45409F7362
Issuer
IndexIQ
Inception Date
Oct 24, 2022
Leveraged
1x (No leverage)
Index Tracked
No Index (Active)
Distribution Policy
Distributing
Asset Class
Bond
Assets Under Management
$113M

Share Price Chart


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Performance

IQHI Performance Chart

IQ MacKay ESG High Income ETF (IQHI) is up 2.0% since the beginning of the year. IQHI is currently trading at $26 per share.


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S&P 500 Index

Returns By Period

IQ MacKay ESG High Income ETF (IQHI) has returned 2.00% so far this year and 7.08% over the past 12 months.


IQ MacKay ESG High Income ETF

1D
-0.10%
1M
0.55%
YTD
2.00%
6M
2.32%
1Y
7.08%
3Y*
8.57%
5Y*
10Y*

Benchmark (S&P 500 Index)

1D
-0.37%
1M
-0.01%
YTD
9.16%
6M
8.64%
1Y
25.22%
3Y*
19.78%
5Y*
11.99%
10Y*
13.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IQHI Monthly Returns History

Based on dividend-adjusted daily data since Oct 25, 2022, IQHI's average daily return is +0.03%, while the average monthly return is +0.71%. At this rate, an investment would double in approximately 8.2 years.

Historically, 76% of months were positive and 24% were negative. The best month was Nov 2023 with a return of +4.4%, while the worst month was Feb 2023 at -1.6%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 2 months.

On a daily basis, IQHI closed higher 54% of trading days. The best single day was Nov 10, 2022 with a return of +1.9%, while the worst single day was May 15, 2026 at -1.2%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.65%0.27%-1.20%1.51%0.74%0.04%2.00%
20251.48%0.85%-1.09%-0.30%1.85%1.66%0.52%1.41%0.67%0.05%0.64%0.58%8.59%
20240.06%0.02%1.04%-1.15%1.06%1.03%1.44%1.99%1.63%-0.85%1.26%-0.71%6.98%
20233.56%-1.61%2.15%0.45%-1.17%1.56%1.22%0.35%-1.43%-1.12%4.36%3.67%12.40%
20220.82%2.57%-0.61%2.78%

Benchmark Metrics

IQ MacKay ESG High Income ETF has an annualized alpha of 5.35%, beta of 0.18, and R2 of 0.32 versus S&P 500 Index. Calculated based on daily prices since October 25, 2022.

  • This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (31.30%) than losses (22.16%) - typical of diversified or defensive assets.
  • Beta of 0.18 may look defensive, but with R2 of 0.32 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
  • R2 of 0.32 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.

Alpha
5.35%
Beta
0.18
0.32
Upside Capture
31.30%
Downside Capture
22.16%

Expense Ratio

IQHI has an expense ratio of 0.40%, placing it in the medium range.


Return for Risk

Risk / Return Rank

IQHI ranks 63 for risk / return — better than 63% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.


IQHI Risk / Return Rank: 6363
Overall Rank
IQHI Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
IQHI Sortino Ratio Rank: 6363
Sortino Ratio Rank
IQHI Omega Ratio Rank: 6363
Omega Ratio Rank
IQHI Calmar Ratio Rank: 6060
Calmar Ratio Rank
IQHI Martin Ratio Rank: 6969
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for IQ MacKay ESG High Income ETF (IQHI) 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.


IQHIBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

-0.13

Sortino ratioReturn per unit of downside risk

+0.08

Omega ratioGain probability vs. loss probability

1.37

1.37

0.00

Calmar ratioReturn relative to maximum drawdown

2.89

2.78

+0.11

Martin ratioReturn relative to average drawdown

12.34

12.44

-0.09

Dividends

Dividend History

IQ MacKay ESG High Income ETF provided a 7.56% dividend yield over the last twelve months, with an annual payout of $1.96 per share.


2.00%4.00%6.00%8.00%$0.00$0.50$1.00$1.50$2.002022202320242025
Dividends
Dividend Yield
PeriodTTM2025202420232022
Dividend$1.96$2.06$2.30$1.84$0.33

Dividend yield

7.56%7.88%8.83%6.92%1.29%

Monthly Dividends

The table displays the monthly dividend distributions for IQ MacKay ESG High Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.13$0.14$0.15$0.15$0.15$0.00$0.71
2025$0.00$0.16$0.15$0.31$0.00$0.18$0.16$0.16$0.14$0.15$0.15$0.49$2.06
2024$0.00$0.16$0.15$0.16$0.16$0.19$0.16$0.16$0.16$0.16$0.16$0.68$2.30
2023$0.00$0.15$0.14$0.16$0.15$0.14$0.13$0.15$0.15$0.16$0.16$0.34$1.84
2022$0.33$0.33

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 MacKay ESG High Income 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 MacKay ESG High Income ETF was 4.19%, occurring on Feb 21, 2023. Recovery took 80 trading sessions.

The current IQ MacKay ESG High Income ETF drawdown is 0.23%.


Related event

Drawdown

Fall

Recovery

Underwater

2023 pullback2023
-4.19%Feb 2023
18d3mo 24d
4mo 12dFeb 2023 - Jun 2023
2025 selloff2025
-3.97%Apr 2025
1mo 6d1mo 5d
2mo 11dMar 2025 - May 2025
2023 pullback2023
-3.41%Oct 2023
1mo 15d25d
2mo 10dSep 2023 - Nov 2023
2026 pullback2026
-2.46%Mar 2026
1mo 2d18d
1mo 20dFeb 2026 - Apr 2026
Bear market2022
-2.41%Dec 2022
14d12d
26dDec 2022 - Jan 2023

Drawdown Indicators


IQHIBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-4.19%

-56.78%

+52.59%

Max Drawdown (1Y)

Largest decline over 1 year

-2.46%

-9.10%

+6.64%

Max Drawdown (3Y)

Largest decline over 3 years

-3.97%

-18.90%

+14.93%

Max Drawdown (5Y)

Largest decline over 5 years

-25.43%

Max Drawdown (10Y)

Largest decline over 10 years

-33.92%

Current Drawdown

Current decline from peak

-0.23%

-1.80%

+1.57%

Average Drawdown

Average peak-to-trough decline

-0.62%

-10.71%

+10.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.57%

2.03%

-1.46%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

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