QAI vs. ATTR
QAI (IQ Hedge Multi-Strategy Tracker ETF) and ATTR (Arin Tactical Tail Risk ETF) are both Long-Short funds. QAI is passively managed, while ATTR is actively managed. A 0.78 correlation means they provide meaningful diversification when combined. QAI charges 0.79%/yr vs 0.63%/yr for ATTR.
Performance
QAI vs. ATTR - Performance Comparison
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Returns By Period
In the year-to-date period, QAI achieves a 8.45% return, which is significantly higher than ATTR's 3.44% return.
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%
ATTR
- 1D
- -0.34%
- 1M
- -0.61%
- YTD
- 3.44%
- 6M
- 3.33%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QAI vs. ATTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QAI IQ Hedge Multi-Strategy Tracker ETF | 8.45% | -0.05% |
ATTR Arin Tactical Tail Risk ETF | 3.44% | 0.53% |
Correlation
The correlation between QAI and ATTR is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 28, 2025 | 0.78 |
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Return for Risk
QAI vs. ATTR — Risk / Return Rank
QAI
ATTR
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QAI vs. ATTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ Hedge Multi-Strategy Tracker ETF (QAI) and Arin Tactical Tail Risk ETF (ATTR). 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.
| QAI | ATTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.46 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.09 | — | — |
| Martin ratioReturn relative to average drawdown | 16.12 | — | — |
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Drawdowns
QAI vs. ATTR - Drawdown Comparison
The maximum QAI drawdown since its inception was -14.95%, which is greater than ATTR's maximum drawdown of -1.76%. Use the drawdown chart below to compare losses from any high point for QAI and ATTR.
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Drawdown Indicators
| QAI | ATTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.95% | -1.76% | -13.19% |
Max Drawdown (1Y)Largest decline over 1 year | -3.71% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -7.78% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.32% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -14.95% | — | — |
Current DrawdownCurrent decline from peak | -1.20% | -0.97% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -0.22% | -2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | — | — |
Volatility
QAI vs. ATTR - Volatility Comparison
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Volatility by Period
| QAI | ATTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 5.63% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.58% | 3.17% | +3.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.67% | 3.17% | +3.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.23% | 3.17% | +3.06% |
QAI vs. ATTR - Expense Ratio Comparison
QAI has a 0.79% expense ratio, which is higher than ATTR's 0.63% expense ratio.
Dividends
QAI vs. ATTR - Dividend Comparison
QAI's dividend yield for the trailing twelve months is around 1.39%, while ATTR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ATTR Arin Tactical Tail Risk ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
QAI and ATTR have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ATTR is cheaper at 0.63% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ATTR is cheaper with a 0.63% expense ratio, compared with 0.79% for QAI.
QAI has the higher dividend yield at 1.39%, compared with 0.00% for ATTR.
They also come from different issuers: New York Life and Arin Risk Advisors. Their fees differ too: 0.79% for QAI and 0.63% for ATTR.
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