IQ Hedge Multi-Strategy Tracker ETF (QAI)

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The chart shows the growth of an initial investment of $10,000 in IQ Hedge Multi-Strategy Tracker ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

IQ Hedge Multi-Strategy Tracker ETF (QAI) has returned 1.82% so far this year and 10.61% over the past 12 months. Over the last ten years, QAI has returned 3.30% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Mar 25, 2009, QAI's average daily return is +0.01%, while the average monthly return is +0.27%. At this rate, your investment would double in approximately 21.4 years.

Historically, 59% of months were positive and 41% were negative. The best month was Nov 2022 with a return of +4.0%, while the worst month was Mar 2020 at -5.6%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.

On a daily basis, QAI closed higher 51% of trading days. The best single day was Jul 10, 2012 with a return of +4.6%, while the worst single day was Jul 11, 2012 at -4.3%.

IQ Hedge Multi-Strategy Tracker ETF has an annualized alpha of -0.19%, beta of 0.26, and R² of 0.51 versus S&P 500 Index. Calculated based on daily prices since March 26, 2009.

• This ETF participated in 35.48% of S&P 500 Index downside but only 24.65% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.26 indicates this ETF moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

QAI has an expense ratio of 0.79%, placing it in the medium range.

QAI ranks 76 for risk / return — better than 76% 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.

The table below present risk-adjusted performance metrics for IQ Hedge Multi-Strategy Tracker ETF (QAI) and compare them to a chosen benchmark (S&P 500 Index).

IQ Hedge Multi-Strategy Tracker ETF provided a 1.48% dividend yield over the last twelve months, with an annual payout of $0.50 per share.

The table displays the monthly dividend distributions for IQ Hedge Multi-Strategy Tracker ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the IQ Hedge Multi-Strategy Tracker 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 Hedge Multi-Strategy Tracker ETF was 14.95%, occurring on Oct 14, 2022. Recovery took 352 trading sessions.

The current IQ Hedge Multi-Strategy Tracker ETF drawdown is 2.51%.

The chart below shows the rolling one-month volatility.