QAI vs. DFND
Compare and contrast key facts about IQ Hedge Multi-Strategy Tracker ETF (QAI) and Siren DIVCON Dividend Defender ETF (DFND).
QAI and DFND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QAI is a passively managed fund by New York Life that tracks the performance of the IQ Hedge Multi-Strategy Index. It was launched on Mar 25, 2009. DFND is a passively managed fund by SRN Advisors that tracks the performance of the Siren DIVCON Dividend Defender Index. It was launched on Jan 14, 2016. Both QAI and DFND are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QAI or DFND.
Key characteristics
| QAI | DFND | |
|---|---|---|
| Sharpe Ratio | 2.11 | 0.39 |
| Sortino Ratio | 3.06 | 0.76 |
| Omega Ratio | 1.39 | 1.12 |
| Calmar Ratio | 2.62 | 0.96 |
| Martin Ratio | 14.60 | 2.13 |
| Ulcer Index | 0.75% | 5.64% |
| Daily Std Dev | 5.16% | 31.06% |
| Max Drawdown | -14.95% | -22.65% |
| Current Drawdown | 0.00% | -3.24% |
Correlation
The correlation between QAI and DFND is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
QAI vs. DFND - Performance Comparison
Returns By Period
In the year-to-date period, QAI achieves a 8.44% return, which is significantly lower than DFND's 16.35% return.
QAI
8.44%
2.13%
5.49%
10.47%
3.18%
2.25%
DFND
16.35%
0.50%
8.62%
11.94%
7.29%
N/A
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QAI vs. DFND - Expense Ratio Comparison
QAI has a 0.79% expense ratio, which is lower than DFND's 1.50% expense ratio.
Risk-Adjusted Performance
QAI vs. DFND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ Hedge Multi-Strategy Tracker ETF (QAI) and Siren DIVCON Dividend Defender ETF (DFND). 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.
Dividends
QAI vs. DFND - Dividend Comparison
QAI's dividend yield for the trailing twelve months is around 3.76%, more than DFND's 1.53% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QAI IQ Hedge Multi-Strategy Tracker ETF | 3.76% | 4.08% | 2.00% | 0.28% | 1.98% | 1.91% | 1.90% | 0.00% | 0.00% | 0.48% | 1.34% | 1.26% |
DFND Siren DIVCON Dividend Defender ETF | 1.53% | 1.84% | 0.29% | 0.00% | 0.00% | 0.77% | 0.53% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QAI vs. DFND - Drawdown Comparison
The maximum QAI drawdown since its inception was -14.95%, smaller than the maximum DFND drawdown of -22.65%. Use the drawdown chart below to compare losses from any high point for QAI and DFND. For additional features, visit the drawdowns tool.
Volatility
QAI vs. DFND - Volatility Comparison
The current volatility for IQ Hedge Multi-Strategy Tracker ETF (QAI) is 1.10%, while Siren DIVCON Dividend Defender ETF (DFND) has a volatility of 9.58%. This indicates that QAI experiences smaller price fluctuations and is considered to be less risky than DFND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.