- ISIN
- US45409F7362
- Issuer
- IndexIQ
- Inception Date
- Oct 24, 2022
- Category
- High Yield Bonds
- 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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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%
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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.65% | 0.27% | -1.20% | 1.51% | 0.74% | 0.04% | 2.00% | ||||||
| 2025 | 1.48% | 0.85% | -1.09% | -0.30% | 1.85% | 1.66% | 0.52% | 1.41% | 0.67% | 0.05% | 0.64% | 0.58% | 8.59% |
| 2024 | 0.06% | 0.02% | 1.04% | -1.15% | 1.06% | 1.03% | 1.44% | 1.99% | 1.63% | -0.85% | 1.26% | -0.71% | 6.98% |
| 2023 | 3.56% | -1.61% | 2.15% | 0.45% | -1.17% | 1.56% | 1.22% | 0.35% | -1.43% | -1.12% | 4.36% | 3.67% | 12.40% |
| 2022 | 0.82% | 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
- R²
- 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.
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.
| IQHI | Benchmark | Difference | |
|---|---|---|---|
| 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.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 18d | 3mo 24d | 4mo 12dFeb 2023 - Jun 2023 |
2025 selloff2025 | -3.97%Apr 2025 | 1mo 6d | 1mo 5d | 2mo 11dMar 2025 - May 2025 |
2023 pullback2023 | -3.41%Oct 2023 | 1mo 15d | 25d | 2mo 10dSep 2023 - Nov 2023 |
2026 pullback2026 | -2.46%Mar 2026 | 1mo 2d | 18d | 1mo 20dFeb 2026 - Apr 2026 |
Bear market2022 | -2.41%Dec 2022 | 14d | 12d | 26dDec 2022 - Jan 2023 |
Drawdown Indicators
| IQHI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -0.23% | -1.80% | +1.57% |
Average DrawdownAverage peak-to-trough decline | -0.62% | -10.71% | +10.09% |
Ulcer IndexDepth 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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