IQ Hedge Multi-Strategy Tracker ETF (QAI)
QAI is a passive ETF by New York Life tracking the investment results of the IQ Hedge Multi-Strategy Index. QAI launched on Mar 25, 2009 and has a 0.79% expense ratio.
ETF Info
ISIN | US45409B1070 |
---|---|
CUSIP | 45409B107 |
Issuer | New York Life |
Inception Date | Mar 25, 2009 |
Region | Developed Markets (Broad) |
Category | Long-Short |
Index Tracked | IQ Hedge Multi-Strategy Index |
Asset Class | Alternatives |
Expense Ratio
The IQ Hedge Multi-Strategy Tracker ETF has a high expense ratio of 0.79%, indicating higher-than-average management fees.
Share Price Chart
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Performance
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.
Compare to other instruments
Popular comparisons: QAI vs. VOO
Return
IQ Hedge Multi-Strategy Tracker ETF had a return of 5.52% year-to-date (YTD) and 10.43% in the last 12 months. Over the past 10 years, IQ Hedge Multi-Strategy Tracker ETF had an annualized return of 1.60%, while the S&P 500 had an annualized return of 9.75%, indicating that IQ Hedge Multi-Strategy Tracker ETF did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
1 month | -0.66% | -4.87% |
6 months | 2.81% | 4.35% |
Year-To-Date | 5.52% | 11.68% |
1 year | 10.43% | 19.59% |
5 years (annualized) | 1.18% | 7.97% |
10 years (annualized) | 1.60% | 9.75% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2023 | 0.59% | 0.51% | -0.65% | 2.26% | 1.94% | -0.59% |
Risk-Adjusted Performance
This table presents a comparison of risk-adjusted performance metrics for IQ Hedge Multi-Strategy Tracker ETF (QAI) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
---|---|---|---|---|---|
QAI IQ Hedge Multi-Strategy Tracker ETF | 1.38 | ||||
^GSPC S&P 500 | 0.89 |
Dividend History
IQ Hedge Multi-Strategy Tracker ETF granted a 1.89% dividend yield in the last twelve months. The annual payout for that period amounted to $0.57 per share.
Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.57 | $0.57 | $0.09 | $0.63 | $0.59 | $0.55 | $0.00 | $0.00 | $0.14 | $0.39 | $0.37 | $0.31 |
Dividend yield | 1.89% | 2.00% | 0.28% | 2.03% | 1.99% | 2.02% | 0.00% | 0.00% | 0.53% | 1.46% | 1.39% | 1.24% |
Monthly Dividends
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.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||
2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.57 |
2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 |
2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.63 |
2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.59 |
2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.55 |
2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 |
2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 |
2013 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 |
2012 | $0.31 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the IQ Hedge Multi-Strategy Tracker ETF. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.
The maximum drawdown since January 2010 for the IQ Hedge Multi-Strategy Tracker ETF is 14.95%, recorded on Oct 14, 2022. The portfolio has not recovered from it yet.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-14.95% | Feb 18, 2021 | 419 | Oct 14, 2022 | — | — | — |
-14.11% | Jan 21, 2020 | 44 | Mar 23, 2020 | 94 | Aug 5, 2020 | 138 |
-7.67% | Apr 17, 2015 | 208 | Feb 11, 2016 | 422 | Oct 13, 2017 | 630 |
-7.2% | May 14, 2013 | 29 | Jun 24, 2013 | 132 | Dec 31, 2013 | 161 |
-6.59% | Jan 29, 2018 | 229 | Dec 24, 2018 | 210 | Oct 24, 2019 | 439 |
Volatility Chart
The current IQ Hedge Multi-Strategy Tracker ETF volatility is 1.44%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.