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IQ Hedge Multi-Strategy Tracker ETF (QAI)

ETF · Currency in USD · Last updated Sep 30, 2023

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.

Summary

ETF Info

ISINUS45409B1070
CUSIP45409B107
IssuerNew York Life
Inception DateMar 25, 2009
RegionDeveloped Markets (Broad)
CategoryLong-Short
Index TrackedIQ Hedge Multi-Strategy Index
Asset ClassAlternatives

Expense Ratio

The IQ Hedge Multi-Strategy Tracker ETF has a high expense ratio of 0.79%, indicating higher-than-average management fees.


0.79%
0.00%2.15%

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.


-2.00%0.00%2.00%4.00%6.00%8.00%10.00%12.00%MayJuneJulyAugustSeptember
2.67%
3.97%
QAI (IQ Hedge Multi-Strategy Tracker ETF)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

Search for stocks, ETFs, and funds to compare with QAI

IQ Hedge Multi-Strategy Tracker ETF

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.


PeriodReturnBenchmark
1 month-0.66%-4.87%
6 months2.81%4.35%
Year-To-Date5.52%11.68%
1 year10.43%19.59%
5 years (annualized)1.18%7.97%
10 years (annualized)1.60%9.75%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20230.59%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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
QAI
IQ Hedge Multi-Strategy Tracker ETF
1.38
^GSPC
S&P 500
0.89

Sharpe Ratio

The current IQ Hedge Multi-Strategy Tracker ETF Sharpe ratio is 1.38. A Sharpe ratio greater than 1.0 is considered acceptable.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.50MayJuneJulyAugustSeptember
1.38
0.89
QAI (IQ Hedge Multi-Strategy Tracker ETF)
Benchmark (^GSPC)

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.


PeriodTTM20222021202020192018201720162015201420132012
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.


JanFebMarAprMayJunJulAugSepOctNovDec
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.


-16.00%-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%MayJuneJulyAugustSeptember
-5.97%
-10.60%
QAI (IQ Hedge Multi-Strategy Tracker ETF)
Benchmark (^GSPC)

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, 2021419Oct 14, 2022
-14.11%Jan 21, 202044Mar 23, 202094Aug 5, 2020138
-7.67%Apr 17, 2015208Feb 11, 2016422Oct 13, 2017630
-7.2%May 14, 201329Jun 24, 2013132Dec 31, 2013161
-6.59%Jan 29, 2018229Dec 24, 2018210Oct 24, 2019439

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.


1.00%2.00%3.00%4.00%5.00%MayJuneJulyAugustSeptember
1.44%
3.17%
QAI (IQ Hedge Multi-Strategy Tracker ETF)
Benchmark (^GSPC)