EG vs. QAI
EG (Everest Group Ltd) is a stock, while QAI (IQ Hedge Multi-Strategy Tracker ETF) is Long-Short fund tracking the IQ Hedge Multi-Strategy Index. Over the past 10 years, EG returned 8.37%/yr vs 3.93%/yr for QAI. At a 0.31 correlation, their price movements are largely independent.
Performance
EG vs. QAI - Performance Comparison
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Returns By Period
In the year-to-date period, EG achieves a -5.67% return, which is significantly lower than QAI's 9.07% return. Over the past 10 years, EG has outperformed QAI with an annualized return of 8.37%, while QAI has yielded a comparatively lower 3.93% annualized return.
EG
- 1D
- -0.83%
- 1M
- -8.46%
- YTD
- -5.67%
- 6M
- 1.93%
- 1Y
- -7.74%
- 3Y*
- -0.56%
- 5Y*
- 6.33%
- 10Y*
- 8.37%
QAI
- 1D
- -0.35%
- 1M
- 2.48%
- YTD
- 9.07%
- 6M
- 9.63%
- 1Y
- 16.35%
- 3Y*
- 10.28%
- 5Y*
- 4.57%
- 10Y*
- 3.93%
EG vs. QAI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EG Everest Group Ltd | -5.67% | -4.14% | 4.59% | 8.69% | 23.74% | 19.80% | -13.03% | 30.17% | 0.73% | 4.43% |
QAI IQ Hedge Multi-Strategy Tracker ETF | 9.07% | 8.29% | 6.67% | 10.07% | -8.68% | -0.16% | 5.73% | 8.68% | -3.32% | 6.17% |
Correlation
The correlation between EG and QAI is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2009 | 0.31 |
Over the past year, the correlation between EG and QAI has dropped to 0.10 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.
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Return for Risk
EG vs. QAI — Risk / Return Rank
EG
QAI
EG vs. QAI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Everest Group Ltd (EG) and IQ Hedge Multi-Strategy Tracker ETF (QAI). 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.
| EG | QAI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.08 | ||
| Sortino ratioReturn per unit of downside risk | -4.20 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.55 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 4.42 | -4.89 |
| Martin ratioReturn relative to average drawdown | -1.03 | 18.26 | -19.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EG | QAI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.34 | 2.74 | -3.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.70 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.64 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.57 | -0.19 |
Drawdowns
EG vs. QAI - Drawdown Comparison
The maximum EG drawdown since its inception was -52.97%, which is greater than QAI's maximum drawdown of -14.95%. Use the drawdown chart below to compare losses from any high point for EG and QAI.
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Drawdown Indicators
| EG | QAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.97% | -14.95% | -38.02% |
Max Drawdown (1Y)Largest decline over 1 year | -16.43% | -3.71% | -12.72% |
Max Drawdown (3Y)Largest decline over 3 years | -23.39% | -7.78% | -15.61% |
Max Drawdown (5Y)Largest decline over 5 years | -23.39% | -14.32% | -9.07% |
Max Drawdown (10Y)Largest decline over 10 years | -44.21% | -14.95% | -29.26% |
Current DrawdownCurrent decline from peak | -19.06% | -0.35% | -18.71% |
Average DrawdownAverage peak-to-trough decline | -12.14% | -2.57% | -9.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.67% | 0.90% | +6.77% |
Volatility
EG vs. QAI - Volatility Comparison
Everest Group Ltd (EG) has a higher volatility of 5.43% compared to IQ Hedge Multi-Strategy Tracker ETF (QAI) at 2.06%. This indicates that EG's price experiences larger fluctuations and is considered to be riskier than QAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EG | QAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.43% | 2.06% | +3.37% |
Volatility (6M)Calculated over the trailing 6-month period | 14.11% | 4.91% | +9.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.08% | 5.99% | +17.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.77% | 6.55% | +19.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.23% | 6.17% | +21.06% |
Dividends
EG vs. QAI - Dividend Comparison
EG's dividend yield for the trailing twelve months is around 1.89%, more than QAI's 1.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EG Everest Group Ltd | 1.89% | 2.36% | 2.14% | 1.92% | 1.96% | 2.26% | 2.65% | 2.08% | 2.43% | 2.28% | 2.17% | 2.18% |
QAI IQ Hedge Multi-Strategy Tracker ETF | 1.38% | 1.50% | 2.22% | 4.08% | 2.00% | 0.28% | 1.98% | 1.91% | 1.90% | 0.00% | 0.00% | 0.48% |
Frequently Asked Questions
EG and QAI have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EG has higher volatility (5.43%) compared to QAI (2.06%). In terms of maximum drawdown, EG dropped -52.97% vs QAI's -14.95%.
QAI currently has the higher Sharpe Ratio (2.74 vs -0.34), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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