QAI:NYE-IQ Hedge Multi-Strategy Tracker ETF

ETF | Others | NYE

Last Closing Price

USD 30.49

Change

-0.03 (-0.10)%

Market Cap

USD 0.85B

Volume

0.04M

Average Target Price

N/A
Average Analyst Rating

N/A

STA Verdict

Verdict

About

The investment seeks investment results that correspond generally to the price and yield performance of its underlying index, the IQ Hedge Multi-Strategy Index. The fund is a fund of funds which means it invests, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the investments included in its underlying index, which includes underlying funds. The underlying index consists of a number of components (underlying index Components) selected in accordance with IndexIQ's rules-based methodology of such underlying index.

Inception Date: 25/03/2009

Primary Benchmark: IQ Hedge Multi-Strategy TR USD

Primary Index: Morningstar Mod Tgt Risk TR USD

Gross Expense Ratio: 0.76%

Management Expense Ratio: 0.54 %

Market Stats

Unadjusted Closing Price

Adjusted Closing Price

Assets

N/A

Top Sectors

N/A

Top Regions

N/A

Valuation Growth & Performance

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2019-09-16 )

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ETFs Containing QAI

Symbol Name Weight Mer Price(Change) Market Cap

N/A

Market Performance

  Market Performance vs.
Industry/Classification (Others)
Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 5.57% 29% F 31% F
Dividend Return N/A N/A N/A N/A N/A
Total Return 5.57% 24% F 27% F
Trailing 12 Months  
Capital Gain -0.46% 48% F 52% F
Dividend Return 1.79% 50% F 36% F
Total Return 1.33% 47% F 49% F
Trailing 5 Years  
Capital Gain 1.91% 47% F 50% F
Dividend Return 3.61% 19% F 13% F
Total Return 5.52% 37% F 36% F
Average Annual (5 Year Horizon)  
Capital Gain 0.33% 43% F 46% F
Dividend Return 0.54% 18% F 12% F
Total Return 0.86% 28% F 29% F
Risk Return Profile  
Volatility (Standard Deviation) 2.97% 90% A- 95% A
Risk Adjusted Return 29.09% 42% F 44% F
Market Capitalization 0.85B 79% C+ 53% F
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

What to not like:
Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.