QAI
IQ Hedge Multi-Strategy Tracker ETFQAI Fund Description
QAI tracks an index that aims to emulate hedge fund returns across different strategies, primarily by holding other ETFs.
QAI Factset Analytics Insight
QAI uses a mash-up of hedge fund replication sub-indexes to emulate the returns of a multi-strategy "fund of funds". Each sub-index—global macro, long short, fixed-income arbitrage—contains liquid securities (mostly ETFs) selected and weighted using regression and other quant techniques to approximate the returns of a particular hedge fund strategy. The resulting basket is typically dominated by long fixed-income positions, and long equity positions. As a result, QAI's performance often shows correlation with its major asset classes, and low variability of returns. For an absolute-return fund, it trades well and creation is fairly easy and cheap. It is somewhat pricey to hold, with a high fee and uncertain tracking, but that’s par for the course in this space. QAI's solid asset base and real liquidity are rare traits among absolute-returns ETFs.
QAI CHARTS AND PERFORMANCE
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1 Month
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3 Months
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YTD
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1 Year
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3 Years
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5 Years
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Max
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1 Month
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3 Months
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YTD
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1 Year
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3 Years
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5 Years
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QAI Summary Data
QAI Portfolio Data
QAI Portfolio Management
QAI Tax Exposures
QAI Fund Structure
QAI Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of QAI. QAI is rated a 3 out of 5.
QAI Tradability
QAI Asset Allocation
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Long
Net
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QAI Top 5 Holdings Long
QAI Top 5 Holdings Short
QAI Performance Statistics
QAI Correlations (DAILY RETURNS 12 MO)
Correlation (Rolling 30 Day, 12 Mo)
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