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ETFs

IQ Hedge Multi-Strategy Tracker ETF

QAI
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Today’s Change
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Snapshot
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Inception Date
Mar 25 2009
Expense Ratio
0.79%
Type
Global Hedge Fund
Fund Owner
Index IQ
Volume (1m avg. daily)
$1,819,002
AUM
$617,579,105
Associated Index
IQ Hedge Multi-Strategy Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

FLOT
BlackRock Institutional Trust Company N.A. - iShares Floating Rate Bond ETF
17.86%
SRLN
SSgA Active Trust - SPDR Blackstone Senior Loan ETF
12.99%
BKLN
Invesco Capital Management LLC - Invesco Senior Loan ETF
10.96%
EWX
SSgA Active Trust - SPDR S&P Emerging Markets Small Cap ETF
10.66%
CWB
SPDR Series Trust - SPDR Bloomberg Convertible Securities ETF
9.11%
FLRN
SPDR Series Trust - SPDR Bloomberg Investment Grade Floating Rate ETF
6.09%
MNA
IndexIQ ETF Trust - IQ Merger Arbitrage ETF
4.85%
JEPI
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Equity Premium Income ETF
4.69%
JEPQ
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Nasdaq Equity Premium Income ETF
4.24%
XLF
SSgA Active Trust - Financial Select Sector SPDR
3.63%
Invest with QAI

What is QAI?

The IQ Hedge Multi-Strategy Tracker ETF seeks to track before fees and expenses the performance of the IQ Hedge Multi-Strategy Index. The Index attempts to replicate the risk-adjusted return characteristics of hedge funds using various hedge fund investment styles including long/short equity global macro market neutral event-driven fixed income arbitrage and emerging markets.

ETFs related toQAI

ETFs correlated to QAI include AOA, VT, CRBN

QAI
IndexIQ ETF Trust - IQ Hedge Multi-Strategy Tracker ETF
AOA
BlackRock Institutional Trust Company N.A. - iShares Core Aggressive Allocation ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
CRBN
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI Low Carbon Target ETF
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ETF
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
AOR
BlackRock Institutional Trust Company N.A. - iShares Core Growth Allocation ETF
VSS
Vanguard Group, Inc. - Vanguard FTSE All-World Ex-US Small Capital Index Fund ETF
IXUS
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Total International Stock ETF
VSGX
Vanguard Group, Inc. - Vanguard ESG International Stock ETF
ACWX
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ex US ETF

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.

FAQ

QAI is a Global Hedge Fund ETF. The IQ Hedge Multi-Strategy Tracker ETF seeks to track before fees and expenses the performance of the IQ Hedge Multi-Strategy Index. The Index attempts to replicate the risk-adjusted return characteristics of hedge funds using various hedge fund investment styles including long/short equity global macro market neutral event-driven fixed income arbitrage and emerging markets.

QAI tracks the IQ Hedge Multi-Strategy Index.

No, QAI is not actively managed. It is passively 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.

Yes, QAI is passively 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 QAI is 0.0052%. This is the percent change in the value of QAI over the most recent 1-month period. The 3-month return on QAI is 0.0182%. This is the percent change in the value of QAI over the most recent 3-month period.

The standard deviation of QAI for the past year is 0.0679%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to QAI include PFF, PGF, and PGX.

ETFs correlated to QAI include AOA, VT, and CRBN.

ETFs that are inversely correlated to QAI include HIBS, EFZ, and SPDN.

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.