QMN

IQ Hedge Market Neutral Tracker ETF
*Unless otherwise stated, data provided by FactSet.

QMN Fund Description

QMN tracks an index that aims for positive returns with minimal systematic or equity market risk. It uses long and short positions in various assets and asset classes.

QMN Factset Analytics Insight

QMN aims to hedge out equity risk while maintaining some upside, but investor interest remains muted. The fund shoots for zero beta—no equity market risk—using large fixed income and cash stakes, but without the use of short exposure. This might explain the high correlations to equity and fixed income that one likely wouldn’t see in a true long/short market neutral approach. One upside: QMN avoids the cost drag from short equity positions that would otherwise show up in its total fee or hurt its bottom line. The fund had a barely positive return over the past 12 months, although with volatility among the segment's lowest. QMN charges a fee that is par for the course in context. Investors have shown little interest to date: AUM has been very low, and volume has been proportionately low.

QMN Charts And Performance

Price Chart ($)
Total Return Chart (%)
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  • 3 Months
  • YTD
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  • 3 Years
  • 5 Years
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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
QMN -1.33% -0.26% -1.18% 3.66% 2.08% 1.20% --
QMN (NAV) -1.29% -0.26% -1.25% 3.57% 2.05% 1.20% --
IQ Hedge Market Neutral Index -1.26% -0.17% -1.19% 4.23% 2.70% 2.08% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

QMN Summary Data

New York Life
IndexIQ
10/04/12
Open-Ended Fund
0.67%
$14.50M
$53.41K
0.19%

QMN Portfolio Data

Long/Short Broad-based
1.65%
12/30/20
43

QMN Index Data

Multi-Factor
Multi-Factor
N/A

QMN Portfolio Management

0.67%
-0.71%
-0.50%
-0.78%

QMN Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

QMN 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 -

QMN 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 QMN. QMN is rated a 4 out of 5.

QMN Tradability

2,030
$53.41K
666
$17.77K
0.19%
$0.05
0.03%
0.17% / -0.08%
None
100.00%
50,000
0.01
0.04%
0.20%
0
$26.37
4

QMN Asset Allocation

Short
Long
Net
--
--

0.00%

--
--

0.00%

--
--

0.00%

--
--

0.00%

QMN Top 5 Holdings Short

-4.73%

QMN Performance Statistics

3.57%
1.48%
-0.79%
0.10
0.13
-0.98
3.13

QMN Correlations (Daily Returns 12 Mo)

0.84
-0.09
0.30