QMN:NYE-IQ Hedge Market Neutral Tracker ETF (USD)

ETF | Market Neutral | NYE

Last Closing Price

USD 27.45


-0.02 (-0.09)%

Market Cap

USD 0.02B



Average Target Price

Average Analyst Rating


Fundamental Analysis



The investment seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of its underlying index, the IQ Hedge Market Neutral 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.

Technical Indicators

Unadjusted Closing Price

Adjusted Closing Price



Top Holdings


Top Sectors


Top Regions


Valuation Growth & Performance

Share Volume

Relative Performance (Total Returns)

Relative Returns (From:    To: 2021-01-22 )

Largest Industry Peers for Market Neutral

Symbol Name Mer Price(Change) Market Cap
MNA IQ Merger Arbitrage ETF 0.77 %

-0.04 (-0.12%)

BTAL AGFiQ U.S. Market Neutral Anti.. 2.11 %

+0.12 (+0.65%)

GDG Gadsden Dynamic Growth ETF 0.88 %


RALS ProShares RAFI Long/Short 0.95 %

-0.04 (-0.11%)

MOM AGFiQ U.S. Market Neutral Mome.. 2.32 %

-0.04 (-0.16%)

QED IQ Hedge Event-Driven Tracker .. 0.78 %

+0.01 (+0.05%)

SIZ AGFiQ U.S. Market Neutral Size.. 2.82 %


CHEP AGFiQ U.S. Market Neutral Valu.. 1.61 %



ETFs Containing QMN

Symbol Name Weight Mer Price(Change) Market Cap


Market Performance

  Market Performance vs.
Industry/Classification (Market Neutral)
Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Capital Gain 0.86% 67% D+ 37% F
Dividend Return N/A N/A N/A N/A N/A
Total Return 0.86% 67% D+ 36% F
Trailing 12 Months  
Capital Gain 2.65% 67% D+ 54% F
Dividend Return 2.13% 50% F 42% F
Total Return 4.78% 83% B 52% F
Trailing 5 Years  
Capital Gain 9.45% 67% D+ 37% F
Dividend Return 5.39% 60% D- 12% F
Total Return 14.84% 67% D+ 25% F
Average Annual (5 Year Horizon)  
Capital Gain 1.05% 33% F 52% F
Dividend Return 0.76% 60% D- 19% F
Total Return 1.81% 33% F 41% F
Risk Return Profile  
Volatility (Standard Deviation) 1.97% 100% A+ 96% A
Risk Adjusted Return 91.93% 67% D+ 88% B+
Market Capitalization 0.02B 67% D+ 5% 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

Fundamental Analysis Breakdown

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:
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.

Underpriced compared to earnings

The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

What to not like:
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.