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
Performance Chart
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.
Returns By Period
IQ Hedge Multi-Strategy Tracker ETF had a return of 0.86% year-to-date (YTD) and 7.33% in the last 12 months. Over the past 10 years, IQ Hedge Multi-Strategy Tracker ETF had an annualized return of 1.84%, while the S&P 500 had an annualized return of 10.43%, indicating that IQ Hedge Multi-Strategy Tracker ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.86% | 5.29% |
| 1 month | -0.88% | -2.47% |
| 6 months | 5.57% | 16.40% |
| 1 year | 7.33% | 20.88% |
| 5 years (annualized) | 2.11% | 11.60% |
| 10 years (annualized) | 1.84% | 10.43% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.40% | 1.57% | 1.44% | |||||||||
| 2023 | -0.66% | -1.23% | 3.27% | 2.27% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
IQ Hedge Multi-Strategy Tracker ETF(QAI)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for IQ Hedge Multi-Strategy Tracker ETF (QAI) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
IQ Hedge Multi-Strategy Tracker ETF granted a 4.04% dividend yield in the last twelve months. The annual payout for that period amounted to $1.23 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.23 | $1.23 | $0.57 | $0.09 | $0.63 | $0.59 | $0.55 | $0.00 | $0.00 | $0.14 | $0.39 | $0.37 |
Dividend yield | 4.04% | 4.08% | 2.00% | 0.28% | 1.98% | 1.91% | 1.90% | 0.00% | 0.00% | 0.48% | 1.34% | 1.26% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | |||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.23 |
| 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 | $0.37 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
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 1.81%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.95% | Feb 18, 2021 | 419 | Oct 14, 2022 | 352 | Mar 12, 2024 | 771 |
| -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
Volatility Chart
The current IQ Hedge Multi-Strategy Tracker ETF volatility is 1.65%, 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.