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 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
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Select ETFs to compare their performance:
PERFORMANCE [as of 02/26/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
QLS -2.84% 0.22% -1.45% 9.14% 6.32% -- --
QLS (NAV) -3.02% -0.07% -1.64% 8.78% 6.04% -- --
IQ Hedge Long/Short Index -2.98% 0.03% -1.57% 9.46% 6.81% 5.13% --
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
0.67%
$6.71M
$73.29K
0.21%

QLS Portfolio Data

Long/Short Broad-based
1.58%
12/30/20
40

QLS Index Data

Multi-Factor
Multi-Factor
N/A

QLS Portfolio Management

0.67%
-0.74%
-0.64%
-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 02/27/20
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 4 out of 5.

QLS Tradability

3,202
$73.29K
829
$19.17K
0.21%
$0.05
0.08%
0.55% / -0.16%
None
100.00%
50,000
0.02
0.04%
0.25%
0
$22.36
4

QLS Asset Allocation

Short
Long
Net
--
--

0.00%

--
--

0.00%

--
--

0.00%

--
--

0.00%

QLS Top 5 Holdings Short

-4.86%

QLS Performance Statistics

8.78%
3.30%
-1.93%
0.09
0.10
-1.46
5.49

QLS Correlations (Daily Returns 12 Mo)

0.94
-0.26
0.30