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ETFs

IQ MacKay ESG High Income ETF

IQHI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 25 2022
Expense Ratio
0.40%
Type
US Bonds
Fund Owner
Index IQ
Volume (1m avg. daily)
$64,026
AUM
$84,354,303
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
BLACKROCK TREASURY TRUST INSTL 62
1.96%
VSTE5279409
Vistra Corp. Fixed-to-Fltg Cum Red Perp Pfd Registered Shs Series -A- -144A-
1.08%
CHTR4885914
CCO HLDGS LLC/CAP CORP 4.75 3/1/2030
0.90%
n/a
Panther BF Aggr 6.25 % Notes 2019-15.05.26 Secd -144A-
0.88%
n/a
CHS/Commun Hlth 8 % Notes 2019-15.03.26 Gtd Secd -144A-
0.82%
F/30B
Ford Motor Credit Company LLC - 7.35% NT REDEEM 06/03/2030 USD 200000
0.81%
MSCI4908222
MSCI INC 4 11/15/2029
0.70%
T5226549
DIRECTV FIN LLC/COINC 5.875 8/15/2027
0.69%
AAL5147590
AMERICAN AIRLINES/AADVAN 5.5 4/20/2026
0.68%
BCUL5047257
1011778 BC / NEW RED FIN 4 10/15/2030
0.66%
Invest with IQHI

What is IQHI?

IQ MacKay ESG High Income ETF (IQHI) is an actively managed high yield strategy that seeks high current income and risk-adjusted returns while incorporating the Subadvisor's ESG investment criteria. The Fund seeks to achieve its investment objective through investments in debt instruments offering attractive levels of yield. This Fund expects to invest primarily in U.S. corporate debt securities, non-U.S. corporate debt securities, convertible corporate securities, loans and loan participation interests that are rated below investment grade by a nationally recognized statistical rating organization ("NRSRO") or that are unrated but are considered to be of comparable quality by MacKay Shields LLC (the "Subadvisor"). Securities that are rated below investment grade by NRSROs (such as securities rated lower than BBB- and Baa3) are commonly referred to as "high-yield securities" or "junk bonds."

ETFs related toIQHI

ETFs correlated to IQHI include FDHY, HYG, HYLB

IQHI
IndexIQ Active ETF Trust - IQ MacKay ESG High Income ETF
FDHY
Fidelity Covington Trust - Fidelity High Yield Factor ETF
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
SPHY
SPDR Series Trust - SPDR Portfolio High Yield Bond ETF
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
HYDW
DBX ETF Trust - Xtrackers Low Beta High Yield Bond ETF
HYGV
FlexShares Trust - FlexShares High Yield Value Scored Bond Index ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

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Create your own algorithmic trading strategy with IQHI using Composer

FAQ

IQHI is a US Bonds ETF. IQ MacKay ESG High Income ETF (IQHI) is an actively managed high yield strategy that seeks high current income and risk-adjusted returns while incorporating the Subadvisor's ESG investment criteria. The Fund seeks to achieve its investment objective through investments in debt instruments offering attractive levels of yield. This Fund expects to invest primarily in U.S. corporate debt securities, non-U.S. corporate debt securities, convertible corporate securities, loans and loan participation interests that are rated below investment grade by a nationally recognized statistical rating organization ("NRSRO") or that are unrated but are considered to be of comparable quality by MacKay Shields LLC (the "Subadvisor"). Securities that are rated below investment grade by NRSROs (such as securities rated lower than BBB- and Baa3) are commonly referred to as "high-yield securities" or "junk bonds."

Yes, IQHI is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, IQHI is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on IQHI is -0.0022%. This is the percent change in the value of IQHI over the most recent 1-month period. The 3-month return on IQHI is 0.0121%. This is the percent change in the value of IQHI over the most recent 3-month period.

ETFs similar to IQHI include GVI, BLV, and BSV.

ETFs correlated to IQHI include FDHY, HYG, and HYLB.

ETFs that are inversely correlated to IQHI include SJB, EFZ, and EPV.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.