QAI

IQ Hedge Multi-Strategy Tracker ETF
B

28
*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 CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 12/13/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
QAI -0.50% -2.75% -2.30% -1.93% 1.33% 1.22% --
QAI (NAV) -0.35% -2.76% -2.28% -1.84% 1.41% 1.25% --
IQ Hedge Multi-Strategy Index -0.32% -2.76% -2.12% -1.67% 2.24% 2.31% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

QAI Summary Data

03/25/09
Open-Ended Fund
0.79%
$1.23B
$6.67M
0.09%

QAI Portfolio Data

Hedge Fund Replication
0.00%
12/27/18
54

QAI Index Data

Multi-Factor
Multi-Factor
N/A

QAI Portfolio Management

0.79%
-0.47%
-0.13%
-1.04%

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
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

QAI Factset Analytics Block Liquidity

As of 12/14/18
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 3 out of 5.

QAI Tradability

223,088
$6.67M
152,002
$4.55M
0.09%
$0.03
0.00%
0.15% / -0.16%
None
100.00%
50,000
3.04
0.03%
1.21%
--
$29.76
3

QAI Asset Allocation

Short
Long
Net
--
--

0.00%

--
--

0.00%

--
--

0.00%

--
--

0.00%

QAI Top 5 Holdings Short

-0.02%

QAI Performance Statistics

-1.84%
1.93%
-2.75%
-0.02
-0.03
-0.51
1.15

QAI Correlations (DAILY RETURNS 12 MO)

0.91
0.14
0.30

Correlation (Rolling 30 Day, 12 Mo)