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NYLIM Hedge Multi-Strategy Tracker ETF

QAI

Market cap $990M

35.48 USD

-0.36

1%

At close Updated Oct 30, 4:00 PM EDT

1 day

-1%

5 days

-0.08%

1 month

-1.55%

3 months

-1.42%

6 months

-0.59%

Year to date

5.16%

1 year

4.75%

5 years

10.15%

10 years

22.77%

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 0%

Neutral 0%

Negative 0%

QAI: Don't Waste Your Time

NYLI Hedge Multi-Strategy Tracker ETF (QAI) aims to replicate hedge fund performance but falls short in both construction and returns. QAI's top holdings are heavily weighted toward floating-rate bonds and European equities, diverging from typical hedge fund strategy allocations. QAI's 5-year CAGR of 2.5% and Sharpe ratio of 0.40 underperform both the equal-weight S&P 500 and peer multi-strategy ETFs.

QAI: Don't Waste Your Time

Commodities Extend Rally As World Stocks Retreat In July

U.S. stocks continued their momentum with a solid +2.30% return, while world stocks pulled back -1.12% after their strong June performance. The commodity surge pushed this asset class to +4.73% year-to-date, representing a remarkable turnaround from the challenging April decline.

Commodities Extend Rally As World Stocks Retreat In July

QAI: A Good Alternative If Alternatives Ever Work Again

Alternatives have underperformed for over a decade, but the NYLI Hedge Multi-Strategy Tracker ETF offers hedge fund-like strategies with ETF transparency. QAI tracks the IQ Hedge Multi-Strategy Index, aiming to deliver hedge fund returns without manager-specific risks, using a systematic model across diverse asset classes. QAI's “fund of funds” approach and diversified holdings aim for steady profits and reduced risk, though it has underperformed compared to peers like DBMF.

QAI: A Good Alternative If Alternatives Ever Work Again

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