QAI — IQ Hedge Multi-Strategy Tracker ETF
IQ Hedge Multi-Strategy Tracker ETF (QAI)
QAI pays a 1.37% distribution rate, annual, on a 0.88% expense ratio. Its Distribution Safety Score™ is 95 (Safe), giving a Safety-Adjusted Yield of 1.30%. Total return is 84.7% over the past 17.4 years, 1112.8 points behind SPY at 1197.5%. Its deepest 1-year drawdown was 3.7%.
IQ Hedge Multi-Strategy Tracker ETF is a fund of funds that invests at least eighty percent of its net assets in an underlying index composed of hedge fund strategies selected through a rules-based methodology. The fund distributes annually at a modest current distribution rate, with an expense ratio of 0.88%. It may appeal to investors seeking exposure to hedge fund strategies through a traditional ETF structure.
QAI key facts
- Distribution Safety Score™
- 95 · Safe
- Safety-Adjusted Yield
- 1.30%
- Issuer
- New York Life Investments
- Asset type
- ETF
- Asset class
- Equity
- Expense ratio
- 0.88%
- Distribution rate
- 1.37%
- Distribution frequency
- Annual
- Trailing yield
- 1.37%
- Last close
- $36.75
- AUM
- $1,011,457,202
- Average volume
- 32700.0
- Last dividend
- $0.5040
- Ex-dividend date
- 12/30/2025
- Payment date
- 01/05/2026
- Beta
- 0.37
- P/E ratio
- 20.244
More funds from New York Life Investments.
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| Popular | Logo | Tickers | Name | Issuer | Asset Type | Dist. Frequency | AUM | Price | Avg Volume | Inception Date | Expense Ratio | Dist. Rate | Distribution Safety Score™ | Safety-Adjusted Yield | Payout Stability | Alpha | Vs SPY | Vs QQQ | TR 1M | TR 3M | TR 6M | TR YTD | TR 1Y | TR 2Y | TR 3Y | TR 5Y | TR 10Y | TR Max | Hide row |
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Alpha Rankings
Was each fund worth owning, compared to just holding what it's secretly made of? Every night we build the portfolio of plain index ETFs that most closely matched each covered fund's daily total returns, then rank the funds by alpha — what they earned beyond that copycat recipe.
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Alpha is a statistical estimate, not a promise — only promising and reliable leftovers are ranked. Funds whose recipe fits too poorly, whose leftover looks like noise, or that are themselves a benchmark building block are listed separately. Option-strategy effects may not be fully captured by a linear model. Nothing here is investment advice. Coverage: funds held in at least five Dividend Vision accounts (privacy-filtered — only ticker symbols are read) or searched enough in the last 30 days. A missing ticker card means the fund is not yet in the analysed set, never that its alpha is zero.