IQ Ultra Short Duration ETF (ULTR)
ULTR is an actively managed ETF by New York Life. ULTR launched on Jul 31, 2019 and has a 0.25% expense ratio.
ETF Info
US45409F8196
45409F819
Jul 31, 2019
Developed Markets (Broad)
1x
No Index (Active)
Expense Ratio
ULTR has an expense ratio of 0.25%, which is considered low compared to other funds.
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 Ultra Short Duration 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
ULTR
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^GSPC (Benchmark)
23.00%
-0.84%
7.20%
24.88%
12.77%
10.96%
Monthly Returns
The table below presents the monthly returns of ULTR, 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 | 0.63% | 0.09% | 0.42% | 1.34% | |||||||||
| 2023 | 0.67% | 0.19% | -0.17% | 0.70% | 0.33% | 0.51% | 0.59% | 0.33% | 0.42% | 0.31% | 0.74% | 0.73% | 5.48% |
| 2022 | -0.10% | -0.14% | -0.36% | -0.26% | -0.35% | -0.13% | -0.01% | 0.36% | -0.27% | -0.08% | 1.18% | 0.39% | 0.21% |
| 2021 | 0.22% | 0.03% | -0.13% | 0.20% | 0.15% | -0.07% | 0.01% | 0.07% | -0.02% | -0.08% | -0.13% | -0.11% | 0.14% |
| 2020 | 0.33% | 0.26% | -3.65% | 2.39% | -0.23% | 0.58% | 0.32% | 0.23% | -0.03% | 0.26% | 0.23% | 0.26% | 0.84% |
| 2019 | 0.16% | 0.25% | 0.27% | 0.11% | 0.40% | 1.19% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 98, ULTR is among the top 2% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for IQ Ultra Short Duration ETF (ULTR) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
IQ Ultra Short Duration ETF provided a 1.50% dividend yield over the last twelve months, with an annual payout of $0.72 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $0.72 | $2.15 | $1.15 | $0.48 | $0.94 | $0.49 |
Dividend yield | 1.50% | 4.50% | 2.43% | 1.00% | 1.90% | 0.98% |
Monthly Dividends
The table displays the monthly dividend distributions for IQ Ultra Short Duration 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 | $0.18 | $0.17 | $0.18 | $0.54 | ||||||||
| 2023 | $0.00 | $0.15 | $0.15 | $0.17 | $0.17 | $0.18 | $0.21 | $0.19 | $0.19 | $0.17 | $0.21 | $0.36 | $2.15 |
| 2022 | $0.00 | $0.03 | $0.05 | $0.05 | $0.06 | $0.10 | $0.09 | $0.09 | $0.11 | $0.11 | $0.13 | $0.32 | $1.15 |
| 2021 | $0.00 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.10 | $0.48 |
| 2020 | $0.00 | $0.09 | $0.08 | $0.08 | $0.05 | $0.06 | $0.06 | $0.05 | $0.05 | $0.05 | $0.04 | $0.31 | $0.94 |
| 2019 | $0.09 | $0.09 | $0.10 | $0.21 | $0.49 |
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 Ultra Short Duration 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 Ultra Short Duration ETF was 5.69%, occurring on Mar 25, 2020. Recovery took 287 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -5.69% | Mar 5, 2020 | 15 | Mar 25, 2020 | 287 | May 14, 2021 | 302 |
| -2.75% | Jul 7, 2021 | 252 | Jul 6, 2022 | 145 | Feb 1, 2023 | 397 |
| -1.25% | Mar 14, 2023 | 6 | Mar 21, 2023 | 24 | Apr 25, 2023 | 30 |
| -0.44% | May 5, 2023 | 1 | May 5, 2023 | 16 | May 30, 2023 | 17 |
| -0.33% | Mar 6, 2023 | 2 | Mar 7, 2023 | 4 | Mar 13, 2023 | 6 |
Volatility
Volatility Chart
The current IQ Ultra Short Duration ETF volatility is 0.36%, 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.