QAI:NYE-IQ Hedge Multi-Strategy Tracker ETF (USD)

ETF | Multialternative |

Last Closing

USD 32.08

Change

-0.01 (-0.03)%

Market Cap

USD 0.64B

Volume

0.15M

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

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 its rules-based methodology of such underlying index.

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-09-30 )

Largest Industry Peers for Multialternative

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

-0.04 (-0.09%)

USD 0.03B
HDG ProShares Hedge Replication ET..

-0.04 (-0.09%)

USD 0.03B
DIVY Tidal ETF Trust

-0.08 (-0.30%)

USD 0.01B
DIVY Tidal ETF Trust

-0.08 (-0.30%)

USD 0.01B
LALT Invesco Multi-Strategy Alterna..

+0.02 (+0.08%)

USD 6.53M
LALT Invesco Multi-Strategy Alterna..

+0.02 (+0.08%)

USD 6.53M

ETFs Containing QAI

N/A

Market Performance

  Market Performance vs. Industry/Classification (Multialternative) Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 6.58% 88% B+ 46% F
Dividend Return N/A N/A N/A N/A N/A
Total Return 6.58% 88% B+ 37% F
Trailing 12 Months  
Capital Gain 7.00% 63% D 30% F
Dividend Return 4.09% 83% B 55% F
Total Return 11.10% 63% D 32% F
Trailing 5 Years  
Capital Gain 5.91% 50% F 48% F
Dividend Return 10.25% 83% B 36% F
Total Return 16.16% 50% F 42% F
Average Annual (5 Year Horizon)  
Capital Gain 0.47% N/A N/A 39% F
Dividend Return 2.40% N/A N/A 37% F
Total Return 1.93% N/A N/A 44% F
Risk Return Profile  
Volatility (Standard Deviation) 7.20% N/A N/A 85% B
Risk Adjusted Return 33.34% N/A N/A 51% F
Market Capitalization 0.64B 88% B+ 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.