QAI vs. IDUB
Compare and contrast key facts about IQ Hedge Multi-Strategy Tracker ETF (QAI) and Aptus International Enhanced Yield ETF (IDUB).
QAI and IDUB 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. IDUB is an actively managed fund by Aptus. It was launched on Jul 22, 2021.
Performance
QAI vs. IDUB - Performance Comparison
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QAI vs. IDUB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QAI IQ Hedge Multi-Strategy Tracker ETF | 1.82% | 8.29% | 6.67% | 10.07% | -8.68% | -0.94% |
IDUB Aptus International Enhanced Yield ETF | 2.69% | 27.53% | 6.12% | 9.07% | -19.79% | -1.25% |
Returns By Period
In the year-to-date period, QAI achieves a 1.82% return, which is significantly lower than IDUB's 2.69% return.
QAI
- 1D
- 1.25%
- 1M
- -2.23%
- YTD
- 1.82%
- 6M
- 2.98%
- 1Y
- 10.61%
- 3Y*
- 8.05%
- 5Y*
- 3.40%
- 10Y*
- 3.30%
IDUB
- 1D
- 3.44%
- 1M
- -7.91%
- YTD
- 2.69%
- 6M
- 7.43%
- 1Y
- 25.47%
- 3Y*
- 13.36%
- 5Y*
- —
- 10Y*
- —
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QAI vs. IDUB - Expense Ratio Comparison
QAI has a 0.79% expense ratio, which is higher than IDUB's 0.45% expense ratio.
Return for Risk
QAI vs. IDUB — Risk / Return Rank
QAI
IDUB
QAI vs. IDUB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ Hedge Multi-Strategy Tracker ETF (QAI) and Aptus International Enhanced Yield ETF (IDUB). 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.
| QAI | IDUB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | 1.51 | -0.10 |
Sortino ratioReturn per unit of downside risk | 1.99 | 2.10 | -0.12 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.31 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.93 | 2.16 | -0.23 |
Martin ratioReturn relative to average drawdown | 8.93 | 8.34 | +0.59 |
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
| QAI | IDUB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 1.51 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.28 | +0.24 |
Correlation
The correlation between QAI and IDUB is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
QAI vs. IDUB - Dividend Comparison
QAI's dividend yield for the trailing twelve months is around 1.48%, less than IDUB's 5.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QAI IQ Hedge Multi-Strategy Tracker ETF | 1.48% | 1.50% | 2.22% | 4.08% | 2.00% | 0.28% | 1.98% | 1.91% | 1.90% | 0.00% | 0.00% | 0.48% |
IDUB Aptus International Enhanced Yield ETF | 5.63% | 4.90% | 5.64% | 3.71% | 2.62% | 1.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QAI vs. IDUB - Drawdown Comparison
The maximum QAI drawdown since its inception was -14.95%, smaller than the maximum IDUB drawdown of -29.20%. Use the drawdown chart below to compare losses from any high point for QAI and IDUB.
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Drawdown Indicators
| QAI | IDUB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.95% | -29.20% | +14.25% |
Max Drawdown (1Y)Largest decline over 1 year | -5.43% | -11.46% | +6.03% |
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 | -2.51% | -8.42% | +5.91% |
Average DrawdownAverage peak-to-trough decline | -2.60% | -11.52% | +8.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 2.96% | -1.79% |
Volatility
QAI vs. IDUB - Volatility Comparison
The current volatility for IQ Hedge Multi-Strategy Tracker ETF (QAI) is 2.83%, while Aptus International Enhanced Yield ETF (IDUB) has a volatility of 8.04%. This indicates that QAI experiences smaller price fluctuations and is considered to be less risky than IDUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QAI | IDUB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.83% | 8.04% | -5.21% |
Volatility (6M)Calculated over the trailing 6-month period | 4.95% | 11.46% | -6.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.55% | 16.97% | -9.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.51% | 14.45% | -7.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.12% | 14.45% | -8.33% |