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
US45409B1070
45409B107
Mar 25, 2009
Developed Markets (Broad)
1x
IQ Hedge Multi-Strategy Index
Expense Ratio
QAI has an expense ratio of 0.79%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
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Returns By Period
IQ Hedge Multi-Strategy Tracker ETF (QAI) returned 1.62% year-to-date (YTD) and 5.19% over the past 12 months. Over the past 10 years, QAI returned 2.10% annually, underperforming the S&P 500 benchmark at 10.79%.
QAI
1.62%
4.25%
1.33%
5.19%
3.87%
2.10%
^GSPC (Benchmark)
0.60%
9.64%
-0.54%
11.47%
15.67%
10.79%
Monthly Returns
The table below presents the monthly returns of QAI, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.62% | -0.60% | -1.32% | -0.26% | 2.21% | 1.62% | |||||||
| 2024 | -0.39% | 1.56% | 1.44% | -1.20% | 1.35% | 0.32% | 1.13% | 0.76% | 1.45% | -0.59% | 2.29% | -1.57% | 6.67% |
| 2023 | 2.92% | -0.85% | 0.59% | 0.51% | -0.65% | 2.26% | 1.94% | -0.59% | -0.66% | -1.23% | 3.27% | 2.27% | 10.07% |
| 2022 | -2.08% | -0.68% | -0.25% | -3.34% | -0.40% | -3.37% | 1.88% | -1.16% | -3.98% | 1.48% | 3.98% | -0.82% | -8.68% |
| 2021 | 0.13% | 0.19% | -0.72% | 0.60% | 0.59% | 0.25% | -0.34% | 0.12% | -1.34% | 1.07% | -1.50% | 0.82% | -0.16% |
| 2020 | -0.58% | -1.47% | -5.63% | 3.09% | 1.98% | 1.30% | 1.78% | 1.26% | -0.83% | -0.45% | 3.34% | 2.15% | 5.73% |
| 2019 | 2.77% | 0.88% | 0.43% | 0.67% | -1.30% | 1.82% | -0.13% | -0.30% | 0.43% | 0.95% | 0.49% | 1.71% | 8.68% |
| 2018 | 2.00% | -1.35% | -0.49% | -0.26% | 0.66% | -0.69% | 0.89% | 0.26% | -0.06% | -2.77% | 0.27% | -1.74% | -3.32% |
| 2017 | 0.21% | 1.26% | 0.00% | 0.24% | 0.45% | 0.41% | 0.92% | 0.51% | 0.17% | 0.84% | 0.60% | 0.43% | 6.17% |
| 2016 | -1.41% | 0.36% | 2.34% | 0.83% | -0.34% | 0.69% | 0.79% | -0.27% | -0.03% | -1.37% | -1.35% | 0.56% | 0.74% |
| 2015 | -1.33% | 3.41% | -0.17% | 0.20% | -0.03% | -1.37% | -0.03% | -1.69% | -0.93% | 0.87% | -0.52% | -1.05% | -2.70% |
| 2014 | -0.76% | 2.09% | -0.44% | 0.24% | 1.43% | 0.94% | -1.30% | 1.89% | -1.62% | 0.37% | 1.21% | -1.19% | 2.80% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of QAI is 71, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.
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.
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Dividends
Dividend History
IQ Hedge Multi-Strategy Tracker ETF provided a 2.19% dividend yield over the last twelve months, with an annual payout of $0.70 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.70 | $0.70 | $1.23 | $0.57 | $0.09 | $0.63 | $0.59 | $0.55 | $0.00 | $0.00 | $0.14 | $0.39 |
Dividend yield | 2.19% | 2.23% | 4.08% | 2.00% | 0.28% | 1.98% | 1.91% | 1.90% | 0.00% | 0.00% | 0.48% | 1.34% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.70 | $0.70 |
| 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 | $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 | $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 | $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 | $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 | $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 | $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 | $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 | $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 | $0.14 |
| 2014 | $0.39 | $0.39 |
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 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 1.08%.
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 |
| -7.78% | Feb 19, 2025 | 35 | Apr 8, 2025 | — | — | — |
| -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 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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