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ETFs

IQ Hedge Multi-Strategy Tracker ETF

QAI
$--
Today’s Change
-- (--)

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)
$3,758,295
AUM
$588,074,760
Associated Index
IQ Hedge Multi-Strategy Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

VCSH
Vanguard Group, Inc. - Vanguard Short-Term Corporate Bond ETF
12.03%
IGSB
BlackRock Institutional Trust Company N.A. - iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF
7.23%
CWB
SPDR Series Trust - SPDR Bloomberg Convertible Securities ETF
6.41%
SRLN
SSgA Active Trust - SPDR Blackstone Senior Loan ETF
6.25%
BKLN
Invesco Capital Management LLC - Invesco Senior Loan ETF
4.56%
VGIT
Vanguard Group, Inc. - Vanguard Intermediate-Term Treasury ETF
3.67%
FLOT
BlackRock Institutional Trust Company N.A. - iShares Floating Rate Bond ETF
3.43%
IEI
BlackRock Institutional Trust Company N.A. - iShares 3-7 Year Treasury Bond ETF
3.43%
ULTR
IndexIQ Active ETF Trust - IQ Ultra Short Duration ETF
3.22%
CLTL
Invesco Capital Management LLC - Invesco Treasury Collateral ETF
3.06%
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 AOR, AOA, AOM

QAI
IndexIQ ETF Trust - IQ Hedge Multi-Strategy Tracker ETF
AOR
BlackRock Institutional Trust Company N.A. - iShares Core Growth Allocation ETF
AOA
BlackRock Institutional Trust Company N.A. - iShares Core Aggressive Allocation ETF
AOM
BlackRock Institutional Trust Company N.A. - iShares Core Moderate Allocation ETF
CRBN
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI Low Carbon Target ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ETF
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
VSGX
Vanguard Group, Inc. - Vanguard ESG International Stock ETF
VSS
Vanguard Group, Inc. - Vanguard FTSE All-World Ex-US Small Capital Index Fund ETF
CGGO
Capital Group Companies Inc - Capital Group Global Growth Equity 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 -0.0055%. This is the percent change in the value of QAI over the most recent 1-month period. The 3-month return on QAI is 0.0131%. 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 0.0847%. 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 PSP, PGF, and AMJ.

ETFs correlated to QAI include AOR, AOA, and AOM.

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.