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IQ Hedge Market Neutral Tracker ETF (QMN)

ETF · Currency in USD · Last updated May 21, 2022

QMN is a passive ETF by New York Life tracking the investment results of the IQ Hedge Market Neutral Index. QMN launched on Oct 4, 2012 and has a 0.66% expense ratio.

ETF Info

  • ISINUS45409B5030
  • CUSIP45409B503
  • IssuerNew York Life
  • Inception DateOct 4, 2012
  • RegionDeveloped Markets (Broad)
  • CategoryLong-Short
  • Expense Ratio0.66%
  • Index TrackedIQ Hedge Market Neutral Index
  • Asset ClassAlternatives

Trading Data

  • Previous Close$25.32
  • Year Range$25.30 - $27.48
  • EMA (50)$25.85
  • EMA (200)$26.56
  • Average Volume$2.00K

QMNShare Price Chart


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QMNPerformance

The chart shows the growth of $10,000 invested in IQ Hedge Market Neutral Tracker ETF on Oct 5, 2012 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $10,900 for a total return of roughly 9.00%. All prices are adjusted for splits and dividends.


QMN (IQ Hedge Market Neutral Tracker ETF)
Benchmark (^GSPC)

QMNReturns in periods

Returns over 1 year are annualized

PeriodReturnBenchmark
1M-2.43%-12.57%
YTD-6.26%-18.14%
6M-6.43%-17.07%
1Y-7.05%-5.21%
5Y0.76%10.19%
10Y1.00%11.53%

QMNMonthly Returns Heatmap


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QMNSharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current IQ Hedge Market Neutral Tracker ETF Sharpe ratio is -2.65. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


QMN (IQ Hedge Market Neutral Tracker ETF)
Benchmark (^GSPC)

QMNDividend History

IQ Hedge Market Neutral Tracker ETF granted a 0.00% dividend yield in the last twelve months, as of May 21, 2022. The annual payout for that period amounted to $0.00 per share.


PeriodTTM2021202020192018201720162015201420132012
Dividend$0.00$0.00$0.57$0.44$0.00$0.00$0.35$0.00$0.34$0.22$0.06

Dividend yield

0.00%0.00%2.09%1.67%0.00%0.00%1.44%0.00%1.41%0.91%0.27%

QMNDrawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


QMN (IQ Hedge Market Neutral Tracker ETF)
Benchmark (^GSPC)

QMNWorst Drawdowns

The table below shows the maximum drawdowns of the IQ Hedge Market Neutral 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 Market Neutral Tracker ETF is 11.07%, recorded on Mar 19, 2020. It took 96 trading sessions for the portfolio to recover.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-11.07%Jan 21, 202042Mar 19, 202096Aug 5, 2020138
-8.81%Dec 30, 2020350May 19, 2022
-4.43%May 9, 201332Jun 24, 2013126Jan 10, 2014158
-4.05%Aug 28, 2014271Dec 22, 2015125Jul 11, 2016396
-3.88%Jan 29, 2018193Dec 24, 201858Mar 20, 2019251
-2.7%Jul 12, 201683Dec 1, 2016184Sep 29, 2017267
-2.15%Jul 2, 201423Aug 7, 201411Aug 27, 201434
-1.53%Mar 5, 201422Apr 15, 201429May 28, 201451
-1.38%Oct 13, 202014Oct 30, 20204Nov 5, 202018
-1.28%Sep 3, 202016Sep 25, 202011Oct 12, 202027

QMNVolatility Chart

Current IQ Hedge Market Neutral Tracker ETF volatility is 2.69%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


QMN (IQ Hedge Market Neutral Tracker ETF)
Benchmark (^GSPC)

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