QLS

IQ Hedge Long/Short Tracker ETF
*Unless otherwise stated, data provided by FactSet.

QLS Fund Description

QLS tracks an index that seeks to replicate long/short hedge fund returns. The index takes long and short positions primarily in ETFs and swaps on ETFs.

QLS Factset Analytics Insight

QLS aims to emulate the returns of a group of multi-asset long/short hedge funds. It uses statistical analysis to map the returns of a hedge fund index onto a group of ETFs. The fund takes long and short (but not necessarily offsetting) positions in ETFs covering US, developed ex-US and emerging market equities, as well as investment-grade bonds and bank loans. Such broad building blocks seem like coarse tools to access a strategy often associated with taking opposing positions in extremely similar stocks. Still, the hedge fund replication approach is well-accepted in the ETF space, led by sister fund QAI. QLS’ long/short multi-asset approach pits it against sister fund QMN, long/short equity ETFs like RALS, and managed futures funds like WDTI. QLS charges a reasonable fee in context and is structured as a traditional ETF, albeit one that holds OTC derivatives.

QLS MSCI ESG Analytics Insight

IQ Hedge Long/Short Tracker ETF has an MSCI ESG Fund Rating of A based on a score of 6.35 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 Long/Short Tracker ETF ranks in the 63th percentile within its peer group and in the 59th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

QLS 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 10/27/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
QLS 1.16% 2.01% 4.87% 8.86% 5.75% 6.22% --
QLS (NAV) 0.90% 1.09% 4.82% 8.72% 5.61% 6.20% --
IQ Hedge Long/Short Index 0.96% 1.23% 5.27% 9.27% 6.26% 7.15% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

QLS Summary Data

New York Life
IndexIQ
03/24/15
Open-Ended Fund
0.62%
$8.36M
$262.44K
0.11%

QLS Portfolio Data

Long/Short Broad-based
1.48%
12/30/20
38

QLS Index Data

Multi-Factor
Multi-Factor
N/A

QLS Portfolio Management

0.62%
-0.59%
-0.47%
-0.89%

QLS Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

QLS 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 -

QLS Factset Analytics Block Liquidity

As of 10/28/20
5
4
3
2
1

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

QLS Tradability

10,852
$262.44K
1,928
$46.67K
0.11%
$0.03
0.13%
3.82% / -0.44%
None
100.00%
50,000
0.04
0.05%
--
0
$23.83
N/A

QLS Asset Allocation

Short
Long
Net
--
--

0.00%

--
--

0.00%

--
--

0.00%

--
--

0.00%

QLS Top 5 Holdings Short

-7.98%
-0.00%

QLS Performance Statistics

8.72%
7.28%
-8.39%
0.03
0.03
-1.42
10.57

QLS Correlations (Daily Returns 12 Mo)

0.98
0.12
0.51

QLS MSCI ESG Ratings

6.35 / 10
58.97
62.52
8.56%
4.85%
120.28