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 features an expense ratio of 0.79%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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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 8.47% year-to-date (YTD) and 10.94% in the last 12 months. Over the past 10 years, IQ Hedge Multi-Strategy Tracker ETF had an annualized return of 2.25%, while the S&P 500 had an annualized return of 11.32%, indicating that IQ Hedge Multi-Strategy Tracker ETF did not perform as well as the benchmark.
QAI
8.47%
2.16%
5.87%
10.94%
3.17%
2.25%
^GSPC (Benchmark)
26.84%
5.60%
14.34%
32.39%
14.23%
11.32%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.40% | 1.57% | 1.44% | -1.20% | 1.34% | 0.32% | 1.13% | 0.76% | 1.45% | -0.59% | 2.29% | 8.47% | |
| 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% |
| 2013 | 0.57% | -0.03% | 0.75% | 0.96% | 0.07% | -2.78% | 1.99% | -1.03% | 2.29% | 1.47% | 0.66% | 0.54% | 5.49% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of QAI is 68, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
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 provided a 3.76% dividend yield over the last twelve months, with an annual payout of $1.23 per share. The fund has been increasing its distributions for 2 consecutive years.
| 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 | 3.76% | 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $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 |
| 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 | $0.39 |
| 2013 | $0.37 | $0.37 |
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.
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.
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 1.09%, 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.