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QAI
IQ Hedge Multi-Strategy Tracker ETF

Price: $31.65
Change: $0.04 (0.0%)
Category: Long-Short
Last Updated:

Vitals

Investment Themes

Analyst Report

This hedge fund replication ETF seeks to deliver returns reflective of a variety of techniques that have historically been implemented by hedge funds and other sophisticated investors. QAI relies on a quant-based methodology to deliver absolute returns, and has the potential to exhibit low correlations to stock and bond ETFs. Investors should be aware, however, that QAI isn't likely to deliver huge gains that some might expect of hedge funds; it is primarily designed to smooth overall portfolio volatility and function as a non-correlated asset. QAI might make sense in small doses within a stock-and-bond portfolio, and can be a powerful tool for accessing investment strategies that would otherwise be out of reach or prohibitively expensive.

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $28.55
  • 52 Week Hi $32.76
  • AUM $798.6 M
  • Shares 25.1 M

Historical Trading Data

  • 1 Month Avg. Volume 94,930
  • 3 Month Avg. Volume 108,610

Alternative ETFs in the Long-Short Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest QMJ 0.37% $7.8 M 1,214 6.98%
Largest (AUM) CSM 0.46% $483.9 M 12,681 13.07%
Most Liquid (Volume) BTAL 2.19% $98.6 M 110,349 -11.06%
Top YTD Performer DIVA 1.21% $3.8 M 224 13.50%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.

77
Number of Holdings
59.02%
% Assets in Top 10
70.75%
% Assets in Top 15
98.58%
% Assets in Top 50
 
View Detailed Analysis
 
Number of Holdings
77
Rank
12 of 21
Low
HTUS (4)
High
HDG (2045)
% Assets in Top 10
59.02%
Rank
9 of 21
Low
CSM (21.69%)
High
MARB (109.89%)
% Assets in Top 15
70.75%
Rank
12 of 21
Low
CSM (24.85%)
High
MARB (127.32%)
% Assets in Top 50
98.58%
Rank
12 of 21
Low
CSM (41.06%)
High
BTAL (128.52%)

 
View Summary Analysis
 

QAI Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.

P/E Ratio
19.71
Rank
5 of 18
Low
FTLB (18.37)
High
MARB (28.56)

QAI Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.

Dividend
$0.63
Dividend Date
2020-12-30
Annual Dividend Rate
$0.63

$0.63
Dividend
2020-12-30
Dividend Date
$0.63
Annual Dividend Rate
Annual Dividend Yield
2.00%
Rank
7 of 16
Low
FTLS (0.31%)
High
XYLD (9.36%)

QAI Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 6.38 M 1 Month Net Flows: 35.15 M 3 Month Net Flows: 47.55 M 6 Month Net Flows: 42.24 M 1 Year Net Flows: -43 M 3 Year Net Flows: -356.69 M 5 Year Net Flows: -364.52 M 10 Year Net Flows: 576.94 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for QAI on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Long-Short with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

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Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A+ n/a
Expenses A- n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

QAI Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.

Expenses Ratio Analysis

ETF Average
0.538%
ETF Wtd. Average
0.19%
Category Average
0.99%
Expense Ratio
0.78%
Rank
9 of 21
Low
QMJ (0.37%)
High
BTAL (2.19%)
ESG Themes and Scores
5.62/10
ESG Score
40.64%
Global Percentile
30.23%
Peer Percentile
Environmental
Social
Governance
  • Environmental Scores
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      2.48%
      Higher is better, no ESG score impact
    Carbon Intensity
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      195.87
      Higher is worse, no ESG score impact
    Fossil Fuel Reserves
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    Water Stress
    • Water Stress High Risk Business Segment (%)
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      Lower improves ESG score
    • Water Stress Exposure High (%)
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      Higher improves ESG score
    Energy Efficiency
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    Alternative Energy
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    Green Building
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    Pollution Prevention
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    Water Sustainability
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
  • Social Scores
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      2.48%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      3.33%
      Higher is worse, no ESG score impact
    Affordable Real Estate
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    Education
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    Major Disease Treatment
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    Healthy Nutrition
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    Global Sanitation
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    SME Finance
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    Human Rights Violations
    • Human Rights Norms Violation (%)
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      Lower improves ESG score
    Labor Rights Violations
    • Labor Norms Violation (%)
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      Lower improves ESG score
    Customer Controversies
    • Severe Customer Controversies (%)
      Lower improves ESG score
    UN Principles Violations
    • Global Compact Compliance Violation (%)
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    Catholic Values
    • Catholic Values Fail (%)
      Higher is worse, no ESG score impact
    Sharia Compliant Investing
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    Adult Entertainment
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    Alcohol
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    Gambling
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    Nuclear Power
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    Tobacco
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    Weapons Involvement
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    Firearms
    • Civilian Firearms Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      Higher is worse, no ESG score impact
    Predatory Lending
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    GMO Involvement
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
  • Responsible Governance Score
    • Severe Governance Controversies (%)
      Lower improves ESG score
    Board Flag
    • Board Flag (%)
      Lower improves ESG score
    Board Independence
    • Lack of Independent Board Majority (%)
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      Higher improves ESG score
    Board Diversity
    • No Female Directors (%)
      Lower improves ESG score
    • Three OR More Female Directors (%)
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      Higher improves ESG score
    Entrenched Board
    • Entrenched Board (%)
      Lower improves ESG score
    Overboarding
    • Overboarding (%)
      Lower improves ESG score
    Shareholder Rights
    • Negative Director Votes (%)
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      Lower improves ESG score
    • One Share One Vote (%)
      Lower improves ESG score
    • No Annual Director Elections (%)
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      Lower improves ESG score
    Fund Ownership
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    Poison Pill
    • Poison Pill (%)
      Lower improves ESG score
    Executive Compensation
    • Pay Flag (%)
      Lower improves ESG score
    • No Pay Performance Link (%)
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      Lower improves ESG score
    Accounting Flags
    • Accounting Flag (%)
      Lower improves ESG score

QAI Performance

This section shows how this ETF has performed relative to its peer group ETFdb.com Category.

-1.06%
1 Week Return
-1.34%
4 Week Return
-3.06%
13 Week Return
2.40%
26 Week Return
-0.88%
Year to Date Return
10.12%
1 Year Return
9.29%
3 Year Return
15.86%
5 Year Return
 
View Detailed Analysis
 
1 Week Return
-1.06%
Rank
11 of 21
Low
CLIX (-5.51%)
High
BTAL (1.43%)
4 Week Return
-1.34%
Rank
16 of 21
Low
CLIX (-13.48%)
High
DIVA (4.16%)
13 Week Return
-3.06%
Rank
17 of 21
Low
CLIX (-27.54%)
High
DIVA (13.16%)
26 Week Return
2.40%
Rank
15 of 20
Low
BTAL (-19.84%)
High
CSM (21.24%)
Year to Date Return
-0.88%
Rank
19 of 21
Low
CLIX (-19.78%)
High
DIVA (13.50%)
1 Year Return
10.12%
Rank
13 of 19
Low
BTAL (-33.97%)
High
CSM (49.56%)
3 Year Return
9.29%
Rank
10 of 14
Low
BTAL (-10.21%)
High
CLIX (56.69%)
5 Year Return
15.86%
Rank
9 of 13
Low
BTAL (-23.62%)
High
CSM (103.88%)

 
View Summary Analysis
 

QAI Price and Volume Chart

Sector Breakdown

QAI Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

 
View Detailed Analysis
 
5 Day Volatility
30.17%
Rank
10 of 21
Low
ALTS (6.30%)
High
CSM (231.86%)
20 Day Volatility
5.72%
Rank
17 of 21
Low
QMN (2.08%)
High
CBLS (23.45%)
50 Day Volatility
6.70%
Rank
18 of 21
Low
MARB (2.18%)
High
CLIX (27.63%)
200 Day Volatility
6.24%
Rank
18 of 21
Low
MARB (2.25%)
High
CLIX (29.17%)
Beta
0.29
Rank
16 of 21
Low
BTAL (-0.59)
High
CBLS (1.62)
Standard Deviation
0.97%
Rank
15 of 19
Low
MARB (0.10%)
High
CLIX (8.48%)

 
View Summary Analysis
 

Technicals

  • 20 Day MA $31.98
  • 60 Day MA $31.98
  • MACD 15 Period -0.32
  • MACD 100 Period -0.42
  • Williams % Range 10 Day 85.98
  • Williams % Range 20 Day 88.90
  • RSI 10 Day 36
  • RSI 20 Day 42
  • RSI 30 Day 45
  • Ultimate Oscillator 48

Bollinger Brands

  • Lower Bollinger (10 Day) $31.62
  • Upper Bollinger (10 Day) $32.16
  • Lower Bollinger (20 Day) $31.69
  • Upper Bollinger (20 Day) $32.26
  • Lower Bollinger (30 Day) $31.72
  • Upper Bollinger (30 Day) $32.21

Support & Resistance

  • Support Level 1 $31.57
  • Support Level 2 $31.48
  • Resistance Level 1 $31.74
  • Resistance Level 2 $31.82

Stochastic

  • Stochastic Oscillator %D (1 Day) 42.10
  • Stochastic Oscillator %D (5 Day) 24.50
  • Stochastic Oscillator %K (1 Day) 48.07
  • Stochastic Oscillator %K (5 Day) 36.18

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Download the fact sheet PDF

Disclosures

Copyright © 2021 FactSet Research Systems Inc. All rights reserved.

Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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