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IQ Hedge Multi-Strategy Tracker ETF (QAI) - ETF





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Volume(000's)


Charts and data are derived from prices adjusted for both splits and distributions to emphasize total return.

ETF Symbol:
Price30.92
Volume48k
Avg Vol84k
RSf39.8
$Vol(21d)2m
52 wk High31.12
52 wk Low28.04
Yield(ttm)3.97%
Inception:Mar 2009
Total Returns:
1 day-0.2%
5 day0.1%
1 month-0.3%
3 month1.0%
6 month3.5%
9 month5.7%
1 year8.2%
Price Data: Closing Price
 
Compare Funds:
Correlated Group: Devlpd x/US (View cGroup) (All Groups)




Correlated Funds

Most Directly Correlated
Capital Group Intl Focus Equity ETFCGXU0.79  
SPDR Portfolio MSCI Glbl Stk Mkt ETFSPGM0.78  
Avantis All Equity Mkts ETFAVGE0.78  
Vanguard Total World Stock Index ETFVT0.78  
Vanguard FTSE All-World ex-US ETFVEU0.77  
Vanguard Total Intl Stock Idx ETF VXUS0.77  
SPDR MSCI ACWI ex-US ETFCWI0.77  
Vanguard FTSE Devlpd Mkts ETFVEA0.77  
Schwab International Equity ETFSCHF0.77  
SPDR Portfolio World x/USSPDW0.77  
Least Correlated
iShares Treas Float Rate Bond ETFTFLO0.02  
iShares Floating Rate Note ETFFLOT0.02  
WisdomTree US Agg Bond Zero DurAGZD0.01  
VanEck Vectors Investment Grade Floating RateFLTR0.01  
BlackRock AAA CLO ETFCLOA0.01  
Janus Henderson AAA CLO ETFJAAA0.00  
AXS 1.25X NVDA Bear Daily ETFNVDS0.00  
First Trust California Muni High Inc ETFFCAL0.00  
SP Funds Dow Jones Global Sukuk ETFSPSK-0.01  
iShares S&P Short Trm National Muni BondSUB-0.02  
Most Inversely Correlated
ProShares Short Dow 30DOG-0.62  
Proshares UltraShort Russell2000TWM-0.68  
Proshares Short Russell 2000RWM-0.68  
ProShares Short S&P 500SH-0.69  
Direxion Daily S&P 500 Bear 1X SharesSPDN-0.69  
ProShares UltraPro Short Russell2000SRTY-0.69  
Direxion Small Cap Bear 3X SharesTZA-0.69  
Proshares UltraShort S&P500SDS-0.69  
Direxion S&P 500 Bear 3X SharesSPXS-0.69  
Direxion Daily S&P500 Hig Beta Bear 3xHIBS-0.72  
These 126 day (6 month) correlations can be considered short term, focusing on recent price movements.
Correlations are only calculated for actively traded funds. As of: 2024-06-14.


Exchange-traded funds are similar to index funds that trade like a single stock. Until the advent of the ETF, it was impossible to trade indexes this easily through an equity account. Most ETFs are relatively static in make-up, like the SPY or QQQQ index funds. Others, like some of the PowerShares funds, are dynamic and the holdings are changed routinely. ETFs have risks similar to stocks in that their value can rise or fall at the discretion of the marketplace. Some ETFs, like international funds and narrowly based indexes, have special risks that the investor should be aware of. However, used properly ETFs can provide an efficient and effective investment vehicle for achieving results that were near impossible for the typical investor to achieve prior to their development.








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