QAI

IQ Hedge Multi-Strategy Tracker ETF
*Unless otherwise stated, data provided by FactSet.

QAI 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 MSCI ESG Analytics Insight

IQ Hedge Multi-Strategy Tracker ETF has an MSCI ESG Fund Rating of BBB based on a score of 5.64 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 Multi-Strategy Tracker ETF ranks in the 41st percentile within its peer group and in the 34th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

QAI Charts And Performance

Price Chart ($)
Total Return Chart (%)
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Select ETFs to compare their performance:
PERFORMANCE [as of 10/21/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
QAI 0.39% 1.22% 1.33% 3.91% 2.51% 2.31% 2.23%
QAI (NAV) 0.78% 0.97% 1.32% 3.80% 2.53% 2.28% 2.28%
IQ Hedge Multi-Strategy Index 0.84% 1.13% 1.85% 4.48% 3.01% 3.09% 3.14%
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

QAI Summary Data

New York Life
IndexIQ
03/25/09
Open-Ended Fund
0.78%
$733.75M
$4.43M
0.12%

QAI Portfolio Data

Tactical Asset Allocation
1.88%
12/30/20
75

QAI Index Data

Multi-Factor
Multi-Factor
N/A

QAI Portfolio Management

0.78%
-0.68%
-0.59%
-0.79%

QAI Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

QAI Fund Structure

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

QAI Factset Analytics Block Liquidity

As of 10/22/20
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of QAI. QAI is rated a N/A out of 5.

QAI Tradability

142,380
$4.43M
67,059
$2.09M
0.12%
$0.04
-0.04%
0.22% / -0.60%
None
0.00%
50,000
1.34
0.03%
--
0
$31.22
N/A

QAI Asset Allocation

Short
Long
Net
--
--

0.00%

--
--

0.00%

--
--

0.00%

--
--

0.00%

QAI Top 5 Holdings Short

-5.39%

QAI Performance Statistics

3.80%
3.15%
-5.56%
0.02
0.02
-1.97
13.69

QAI Correlations (Daily Returns 12 Mo)

0.94
0.25
0.47

QAI MSCI ESG Ratings

5.64 / 10
34.31
41.05
3.29%
2.12%
190.26