HTUS vs. QAI
HTUS (Hull Tactical US ETF) and QAI (IQ Hedge Multi-Strategy Tracker ETF) are both Long-Short funds. HTUS is actively managed, while QAI is passively managed. Over the past 10 years, HTUS returned 12.20%/yr vs 3.94%/yr for QAI. A 0.61 correlation means they provide meaningful diversification when combined. HTUS charges 0.97%/yr vs 0.79%/yr for QAI.
Performance
HTUS vs. QAI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HTUS achieves a 8.95% return, which is significantly higher than QAI's 8.45% return. Over the past 10 years, HTUS has outperformed QAI with an annualized return of 12.20%, while QAI has yielded a comparatively lower 3.94% annualized return.
HTUS
- 1D
- -1.20%
- 1M
- -0.99%
- YTD
- 8.95%
- 6M
- 8.55%
- 1Y
- 24.12%
- 3Y*
- 20.35%
- 5Y*
- 14.66%
- 10Y*
- 12.20%
QAI
- 1D
- -1.20%
- 1M
- 0.61%
- YTD
- 8.45%
- 6M
- 8.10%
- 1Y
- 15.12%
- 3Y*
- 9.95%
- 5Y*
- 4.45%
- 10Y*
- 3.94%
HTUS vs. QAI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HTUS Hull Tactical US ETF | 8.95% | 16.57% | 25.02% | 30.11% | -13.00% | 24.29% | 13.21% | 20.27% | -10.04% | 14.19% |
QAI IQ Hedge Multi-Strategy Tracker ETF | 8.45% | 8.29% | 6.67% | 10.07% | -8.68% | -0.16% | 5.73% | 8.68% | -3.32% | 6.17% |
Correlation
The correlation between HTUS and QAI is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2015 | 0.61 |
The correlation between HTUS and QAI shifts across timeframes, from 0.61 (all time) to 0.81 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HTUS vs. QAI — Risk / Return Rank
HTUS
QAI
HTUS vs. QAI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hull Tactical US ETF (HTUS) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HTUS | QAI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.46 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 4.09 | -1.30 |
| Martin ratioReturn relative to average drawdown | 13.82 | 16.12 | -2.30 |
Loading charts...
Drawdowns
HTUS vs. QAI - Drawdown Comparison
The maximum HTUS drawdown since its inception was -47.50%, which is greater than QAI's maximum drawdown of -14.95%. Use the drawdown chart below to compare losses from any high point for HTUS and QAI.
Loading charts...
Drawdown Indicators
| HTUS | QAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.50% | -14.95% | -32.55% |
Max Drawdown (1Y)Largest decline over 1 year | -8.68% | -3.71% | -4.97% |
Max Drawdown (3Y)Largest decline over 3 years | -24.41% | -7.78% | -16.63% |
Max Drawdown (5Y)Largest decline over 5 years | -24.41% | -14.32% | -10.09% |
Max Drawdown (10Y)Largest decline over 10 years | -47.50% | -14.95% | -32.55% |
Current DrawdownCurrent decline from peak | -2.67% | -1.20% | -1.47% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -2.57% | -1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 0.94% | +0.81% |
Volatility
HTUS vs. QAI - Volatility Comparison
Hull Tactical US ETF (HTUS) has a higher volatility of 4.02% compared to IQ Hedge Multi-Strategy Tracker ETF (QAI) at 3.12%. This indicates that HTUS'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.
Loading charts...
Volatility by Period
| HTUS | QAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.02% | 3.12% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 10.00% | 5.63% | +4.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.04% | 6.58% | +5.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.09% | 6.67% | +12.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.49% | 6.23% | +15.26% |
HTUS vs. QAI - Expense Ratio Comparison
HTUS has a 0.97% expense ratio, which is higher than QAI's 0.79% expense ratio.
Dividends
HTUS vs. QAI - Dividend Comparison
HTUS's dividend yield for the trailing twelve months is around 10.91%, more than QAI's 1.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HTUS Hull Tactical US ETF | 10.91% | 11.89% | 17.80% | 1.18% | 5.63% | 7.20% | 3.77% | 0.92% | 8.69% | 8.29% | 3.02% | 0.00% |
QAI IQ Hedge Multi-Strategy Tracker ETF | 1.39% | 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
HTUS and QAI have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HTUS has higher volatility (4.02%) compared to QAI (3.12%). In terms of maximum drawdown, HTUS dropped -47.50% vs QAI's -14.95%.
On 10-year performance, HTUS leads with 12.20% vs 3.94% for QAI. On fees, QAI is cheaper at 0.79% per year. On volatility, QAI has been the lower-risk option at 3.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, HTUS has performed better with a 12.20% return vs 3.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QAI is cheaper with a 0.79% expense ratio, compared with 0.97% for HTUS.
HTUS has the higher dividend yield at 10.91%, compared with 1.39% for QAI.
They also come from different issuers: Exchange Traded Concepts and New York Life. Their fees differ too: 0.97% for HTUS and 0.79% for QAI.
QAI currently has the higher Sharpe Ratio (2.31 vs 2.02), 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.
Find the right allocation for HTUS and QAI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer