MCRO

IQ Hedge Macro Tracker ETF
*Unless otherwise stated, data provided by FactSet.

MCRO Fund Description

MCRO is an ETF-of-ETFs that tracks an index that follows a global macro strategy with exposure across asset classes and geographies.

MCRO Factset Analytics Insight

MCRO’s returns were negative over the past 12 months, and the fund comes with middling costs and risks to own and trade. MCRO aims to emulate the returns of global macro and emerging markets hedge funds using a basket of ETFs. This fund-of-funds approach is common among global macro ETFs whose top-down or geographic selection finds targeted exposure in other ETFs. MCRO leans hard toward fixed income, which helped to keep volatility low, but returns have stumbled. Our absolute-return yardstick also looks for low correlations to major asset classes, difficult to obtain in long-only global macro strategies. Investor interest remains an ongoing challenge: MCRO’s modest asset base warrants monitoring, while trading volumes remain thin.

MCRO MSCI ESG Analytics Insight

IQ Hedge Macro Tracker ETF has an MSCI ESG Fund Rating of BBB based on a score of 5.44 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. IQ Hedge Macro Tracker ETF ranks in the 38th percentile within its peer group and in the 27th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

MCRO Charts And Performance

Price Chart ($)
Total Return Chart (%)
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  • 3 Months
  • YTD
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Select ETFs to compare their performance:
PERFORMANCE [as of 09/22/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
MCRO -0.51% 3.32% 2.82% 5.55% 2.37% 2.82% 0.96%
MCRO (NAV) -0.61% 2.96% 2.57% 5.50% 2.30% 2.86% 0.91%
IQ Hedge Macro Index -0.56% 3.09% 2.93% 5.99% 2.84% 3.60% 0.91%
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

MCRO Summary Data

New York Life
IndexIQ
06/09/09
Open-Ended Fund
0.67%
$4.11M
$5.09K
0.21%

MCRO Portfolio Data

Tactical Asset Allocation
1.32%
12/30/20
51

MCRO Index Data

IQ Hedge Macro Index
Multi-Factor
Multi-Factor
N/A

MCRO Portfolio Management

0.67%
-0.52%
-0.45%
-0.68%

MCRO Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

MCRO Fund Structure

Open-Ended Fund
Yes
Yes
100% / 0%
N/A
N/A
High
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

MCRO Factset Analytics Block Liquidity

As of 09/23/20
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of MCRO. MCRO is rated a 4 out of 5.

MCRO Tradability

195
$5.09K
24
0
0.21%
$0.06
0.00%
0.15% / -0.62%
None
100.00%
50,000
0.00
0.04%
0.05%
0
$27.36
4

MCRO Asset Allocation

Short
Long
Net
--
--

0.00%

--
--

0.00%

--
--

0.00%

--
--

0.00%

MCRO Top 5 Holdings Short

-7.05%

MCRO Performance Statistics

5.50%
4.72%
-5.96%
0.03
0.03
-2.35
15.82

MCRO Correlations (Daily Returns 12 Mo)

0.93
0.13
0.57

MCRO MSCI ESG Ratings

5.44 / 10
27.12
38.26
3.16%
2.95%
210.06