QED

IQ Hedge Event-Driven Tracker ETF
*Unless otherwise stated, data provided by FactSet.

QED Fund Description

QED tracks an index that seeks to replicate the returns of hedge funds pursuing event-driven strategies. The index uses a portfolio of primarily ETFs.

QED Factset Analytics Insight

QED is the first ETF of its kind: a fund that tracks an index following the collective performance of hedge funds that employ event-driven strategies. The two main substrategies described by the fund— credit opportunities and event-driven equities—focus on nonrecurring events that can drive changes in valuation in any part of a firm’s capital structure. These events can include changes in management, major product launches, mergers, spin-offs, bankruptcies and other restructuring. QED’s index doesn’t follow these strategies specifically, but uses a portfolio of ETFs and derivatives to mimic the return profiles of these hedge funds. As the Absolute Returns segment goes, QED charges a very typical expense ratio. Trade the new fund with care in early days.

QED 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
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Select ETFs to compare their performance:
PERFORMANCE [as of 07/09/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
QED 0.51% 5.31% 1.60% 5.00% 4.89% 4.60% --
ticker (NAV) 0.50% 5.36% 1.62% 5.06% 4.91% 5.01% --
IQ Hedge Event-Driven Index 0.53% 5.44% 1.72% 5.35% 5.32% 5.55% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

QED Summary Data

New York Life
IndexIQ
03/24/15
Open-Ended Fund
0.78%
$8.80M
$24.26K
0.29%

QED Portfolio Data

Long/Short Broad-based
2.04%
12/30/20
19

QED Index Data

Multi-Factor
Multi-Factor
N/A

QED Portfolio Management

0.78%
-0.48%
-0.29%
-0.59%

QED Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

QED 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 -

QED Factset Analytics Block Liquidity

As of 07/10/20
5
4
3
2
1

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

QED Tradability

1,158
$24.26K
285
$6.27K
0.29%
$0.06
0.01%
0.30% / -0.26%
None
0.00%
50,000
0.01
--
0.17%
0
$22.01
4

QED Asset Allocation

Short
Long
Net
--
--

0.00%

--
--

0.00%

--
--

0.00%

--
--

0.00%

QED Top 5 Holdings Long

36.74%
17.46%
14.51%
8.48%
6.13%

QED Top 5 Holdings Short

-1.08%

QED Performance Statistics

5.06%
6.60%
-8.20%
0.02
0.02
-1.38
12.85

QED Correlations (Daily Returns 12 Mo)

0.89
0.23
0.41