- ISIN
- US45409B2482
- Issuer
- IndexIQ
- Inception Date
- Oct 24, 2022
- Category
- Mid Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- IQ Candriam ESG U.S. Mid Cap Equity Index - Benchmark TR Net
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $279M
Share Price Chart
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Performance
IQSM Performance Chart
IQ Candriam U.S. Mid Cap Equity ETF (IQSM) is up 12.6% since the beginning of the year. IQSM is currently trading at $39 per share.
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Returns By Period
IQ Candriam U.S. Mid Cap Equity ETF (IQSM) has returned 12.62% so far this year and 24.75% over the past 12 months.
IQ Candriam U.S. Mid Cap Equity ETF
- 1D
- 0.19%
- 1M
- 2.84%
- YTD
- 12.62%
- 6M
- 10.34%
- 1Y
- 24.75%
- 3Y*
- 13.88%
- 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%
IQSM Monthly Returns History
Based on dividend-adjusted daily data since Oct 25, 2022, IQSM's average daily return is +0.06%, while the average monthly return is +1.12%. At this rate, an investment would double in approximately 5.2 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2023 with a return of +10.5%, while the worst month was Apr 2024 at -7.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, IQSM closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +9.1%, while the worst single day was Apr 3, 2025 at -6.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.23% | 2.98% | -5.45% | 7.11% | 3.04% | 1.52% | 12.62% | ||||||
| 2025 | 4.08% | -4.01% | -5.54% | -2.34% | 5.77% | 2.44% | 1.95% | 3.08% | 0.41% | 0.54% | 1.76% | 0.14% | 7.97% |
| 2024 | -1.29% | 4.70% | 4.23% | -7.79% | 3.21% | -1.25% | 5.52% | 0.90% | 2.14% | -0.73% | 7.78% | -7.33% | 9.15% |
| 2023 | 10.04% | -2.54% | -3.69% | -1.25% | -2.24% | 8.62% | 3.97% | -3.23% | -6.16% | -6.32% | 10.52% | 9.40% | 15.82% |
| 2022 | 1.23% | 6.73% | -5.33% | 2.29% |
Benchmark Metrics
IQ Candriam U.S. Mid Cap Equity ETF has an annualized alpha of -5.64%, beta of 1.00, and R2 of 0.75 versus S&P 500 Index. Calculated based on daily prices since October 25, 2022.
- This ETF participated in 124.62% of S&P 500 Index downside but only 89.11% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -5.64% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.00 and R2 of 0.75, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -5.64%
- Beta
- 1.00
- R²
- 0.75
- Upside Capture
- 89.11%
- Downside Capture
- 124.62%
Expense Ratio
IQSM has an expense ratio of 0.15%, which is considered low.
Return for Risk
Risk / Return Rank
IQSM ranks 52 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for IQ Candriam U.S. Mid Cap Equity ETF (IQSM) 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.
| IQSM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.37 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 2.78 | +0.02 |
| Martin ratioReturn relative to average drawdown | 10.23 | 12.44 | -2.21 |
Dividends
Dividend History
IQ Candriam U.S. Mid Cap Equity ETF provided a 1.07% dividend yield over the last twelve months, with an annual payout of $0.41 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.41 | $0.41 | $0.40 | $0.33 | $0.08 |
Dividend yield | 1.07% | 1.18% | 1.22% | 1.11% | 0.32% |
Monthly Dividends
The table displays the monthly dividend distributions for IQ Candriam U.S. Mid Cap Equity 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 | $0.08 | $0.00 | $0.00 | $0.10 | $0.18 | ||||||
| 2025 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.13 | $0.41 |
| 2024 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.13 | $0.40 |
| 2023 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.10 | $0.33 |
| 2022 | $0.08 | $0.08 |
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 Candriam U.S. Mid Cap Equity 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 Candriam U.S. Mid Cap Equity ETF was 23.66%, occurring on Apr 8, 2025. Recovery took 170 trading sessions.
The current IQ Candriam U.S. Mid Cap Equity ETF drawdown is 0.52%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -23.66%Apr 2025 | 4mo 13d | 8mo 6d | 1y 14dNov 2024 - Dec 2025 |
2023 correction2023 | -16.39%Oct 2023 | 8mo 26d | 1mo 18d | 10mo 14dFeb 2023 - Dec 2023 |
2026 pullback2026 | -8.86%Mar 2026 | 1mo 1d | 18d | 1mo 19dFeb 2026 - Apr 2026 |
2024 pullback2024 | -8.29%Apr 2024 | 17d | 4mo 14d | 5mo 1dApr 2024 - Aug 2024 |
Bear market2022 | -6.87%Dec 2022 | 23d | 14d | 1mo 7dDec 2022 - Jan 2023 |
Drawdown Indicators
| IQSM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.66% | -56.78% | +33.12% |
Max Drawdown (1Y)Largest decline over 1 year | -8.86% | -9.10% | +0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -23.66% | -18.90% | -4.76% |
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 | -0.52% | -1.80% | +1.28% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -10.71% | +5.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.43% | 2.03% | +0.40% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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