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QAI
IQ Hedge Multi-Strategy Tracker ETF

Price: $28.47
Change: $0.04 (0.0%)
Category: Long-Short
Last Updated:

Vitals

Investment Themes

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $26.58
  • 52 Week Hi $31.41
  • AUM $754.0 M
  • Shares 26.5 M

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.

Historical Trading Data

  • 1 Month Avg. Volume 221,196
  • 3 Month Avg. Volume 183,576

Alternative ETFs in the Long-Short Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest QMJ 0.37% $9.6 M 0
Largest (AUM) CSM 0.45% $520.9 M 59,611 -22.91%
Most Liquid (Volume) BTAL 2.11% $117.5 M 242,781 15.98%
Top YTD Performer MOM 2.62% $2.9 M 8,257 24.38%

Top 15 Holdings

Concentration Analysis

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

69
Number of Holdings
60.18%
% Assets in Top 10
69.39%
% Assets in Top 15
98.27%
% Assets in Top 50
 
View Detailed Analysis
 
Number of Holdings
69
Rank
16 of 25
Low
JPHF (1)
High
RALS (970)
% Assets in Top 10
60.18%
Rank
10 of 25
Low
FLAG (17.21%)
High
CHEP (174.26%)
% Assets in Top 15
69.39%
Rank
15 of 25
Low
CSM (22.77%)
High
CHEP (175.69%)
% Assets in Top 50
98.27%
Rank
14 of 25
Low
CSM (40.56%)
High
CHEP (184.60%)

 
View Summary Analysis
 

Sector Breakdown

QAI Valuation

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

P/E Ratio
14.88
Rank
7 of 19
Low
CHEP (12.64)
High
CLIX (26.97)

QAI Dividend

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

Dividend
$0.59
Dividend Date
2019-12-30
Annual Dividend Rate
$0.59

$0.59
Dividend
2019-12-30
Dividend Date
$0.59
Annual Dividend Rate
Annual Dividend Yield
2.07%
Rank
7 of 20
Low
FLSP (0.02%)
High
HSPX (7.44%)

QAI Fund Flows

View charts featuring ETF fund flow data.

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.

Sign Up for Pro to Unlock Data Sign Up
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
0.542%
ETF Wtd. Average
0.19%
Category Average
1.03%
Expense Ratio
0.80%
Rank
12 of 26
Low
QMJ (0.37%)
High
MOM (2.62%)
ESG Themes and Scores

QAI does not have an ESG score. There are no ESG themes that map to this ETF.

QAI Performance

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

3.87%
1 Week Return
-6.26%
4 Week Return
-7.56%
13 Week Return
-4.48%
26 Week Return
-7.56%
Year to Date Return
-3.72%
1 Year Return
1.66%
3 Year Return
-1.11%
5 Year Return
 
View Detailed Analysis
 
1 Week Return
3.87%
Rank
12 of 25
Low
CHEP (-0.19%)
High
HTUS (15.89%)
4 Week Return
-6.26%
Rank
10 of 25
Low
FLAG (-25.21%)
High
MOM (8.74%)
13 Week Return
-7.56%
Rank
7 of 22
Low
FLAG (-39.46%)
High
MOM (24.38%)
26 Week Return
-4.48%
Rank
5 of 21
Low
FLAG (-35.17%)
High
CLIX (19.47%)
Year to Date Return
-7.56%
Rank
7 of 22
Low
FLAG (-39.46%)
High
MOM (24.38%)
1 Year Return
-3.72%
Rank
5 of 21
Low
FLAG (-37.06%)
High
BTAL (21.27%)
3 Year Return
1.66%
Rank
6 of 17
Low
CHEP (-34.91%)
High
BTAL (31.86%)
5 Year Return
-1.11%
Rank
9 of 14
Low
CHEP (-33.15%)
High
BTAL (29.76%)

 
View Summary Analysis
 

QAI Charts

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
59.85%
Rank
16 of 25
Low
RALS (2.70%)
High
HTUS (302.29%)
20 Day Volatility
28.78%
Rank
21 of 25
Low
RALS (7.92%)
High
HTUS (145.07%)
50 Day Volatility
18.86%
Rank
19 of 22
Low
RALS (5.85%)
High
HTUS (94.27%)
200 Day Volatility
13.59%
Rank
19 of 21
Low
RALS (4.55%)
High
HTUS (66.91%)
Beta
0.27
Rank
15 of 21
Low
BTAL (-0.69)
High
FLAG (1.1)
Standard Deviation
0.73%
Rank
19 of 21
Low
QMN (0.52%)
High
CSM (5.03%)

 
View Summary Analysis
 

Technicals

  • 20 Day MA $28.40
  • 60 Day MA $30.01
  • MACD 15 Period 0.63
  • MACD 100 Period -1.73
  • Williams % Range 10 Day 6.90
  • Williams % Range 20 Day 52.49
  • RSI 10 Day 51
  • RSI 20 Day 44
  • RSI 30 Day 43
  • Ultimate Oscillator 62

Bollinger Brands

  • Lower Bollinger (10 Day) $26.26
  • Upper Bollinger (10 Day) $28.98
  • Lower Bollinger (20 Day) $26.04
  • Upper Bollinger (20 Day) $30.71
  • Lower Bollinger (30 Day) $26.28
  • Upper Bollinger (30 Day) $31.93

Support & Resistance

  • Support Level 1 $28.37
  • Support Level 2 $28.27
  • Resistance Level 1 $28.57
  • Resistance Level 2 $28.66

Stochastic

  • Stochastic Oscillator %D (1 Day) 64.07
  • Stochastic Oscillator %D (5 Day) 81.20
  • Stochastic Oscillator %K (1 Day) 62.25
  • Stochastic Oscillator %K (5 Day) 68.78

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

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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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