QAI:ARCA-IQ Hedge MultiIQ Hedge Multi-Strategy Tracker (USD)

ETF | Multialternative | NYSE Arca

Last Closing

USD 31.62

Change

0.00 (0.00)%

Market Cap

USD 1.16B

Volume

0.57M

Analyst Target

N/A
Analyst Rating

Verdict

ducovest 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 %

Unadjusted Closing Price

Adjusted Closing Price

Assets

N/A

Top Holdings

N/A

Top Sectors

N/A

Top Regions

N/A

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-08-31 )

Largest Industry Peers for Multialternative

Symbol Name Mer Price(Change) Market Cap
HDG ProShares Hedge Replication ET.. 0.95 %

+0.20 (+0.41%)

USD 0.03B
DIVY Tidal ETF Trust 0.85 %

+0.31 (+1.16%)

USD 0.01B
LALT Invesco Multi-Strategy Alterna.. 0.88 %

+0.07 (+0.34%)

USD 6.53M

ETFs Containing QAI

N/A

Market Performance

  Market Performance vs. Industry/Classification (Multialternative) Market Performance vs. Exchange (NYSE Arca)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 5.05% 75% C 49% F
Dividend Return N/A N/A N/A N/A N/A
Total Return 5.05% 75% C 49% F
Trailing 12 Months  
Capital Gain 4.29% 100% F 41% F
Dividend Return N/A N/A N/A N/A N/A
Total Return 4.29% 100% F 41% F
Trailing 5 Years  
Capital Gain 4.39% 67% D+ 52% F
Dividend Return N/A N/A N/A N/A N/A
Total Return 4.39% 67% D+ 52% F
Average Annual (5 Year Horizon)  
Capital Gain 0.42% N/A N/A 40% F
Dividend Return 2.32% N/A N/A 38% F
Total Return 1.90% N/A N/A 43% F
Risk Return Profile  
Volatility (Standard Deviation) 7.16% N/A N/A 84% B
Risk Adjusted Return 32.45% N/A N/A 51% F
Market Capitalization 1.16B 100% F 50% F

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.

What to not like:
Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.