QED:ARCA-IQ Hedge Event-Driven Tracker

ETF | Market Neutral | NYSE Arca

Last Closing

USD 20.92

Change

+0.02 (+0.10)%

Market Cap

USD 5.00M

Volume

1.57K

Analyst Target

N/A
Analyst Rating

N/A

ducovest Verdict

Verdict

About

The investment seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of its underlying index, the IQ Hedge Event-Driven Index (the "underlying index"). The fund is a "fund of funds" which means it invests, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the investments included in its underlying index, which includes underlying funds. The underlying index consists of a number of components ("underlying index Components") selected in accordance with IndexIQ's rules-based methodology of such underlying index.

Inception Date: 23/03/2015

Primary Benchmark: IQ Hedge Event-Driven Beta TR USD

Primary Index: BBgBarc US Agg Bond TR USD

Gross Expense Ratio: 0.79%

Management Expense Ratio: 0.76 %

Unadjusted Closing Price

Adjusted Closing Price

Assets

N/A

Top Holdings

N/A

Top Sectors

N/A

Top Regions

N/A

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2019-03-19 )

Largest Industry Peers for Market Neutral

Symbol Name Mer Price(Change) Market Cap
MNA IQ Merger Arbitrage ETF 0.76 %

+0.02 (+0.06%)

USD 0.29B
BTAL AGFiQ U.S. Market Neutral Anti.. 0.00 %

-0.10 (-0.55%)

USD 0.24B

ETFs Containing QED

N/A

Market Performance

  Market Performance vs. Industry/Classification (Market Neutral) Market Performance vs. Exchange (NYSE Arca)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 6.95% 100% F 34% F
Dividend Return N/A N/A N/A N/A F
Total Return 6.95% 100% F 31% F
Trailing 12 Months  
Capital Gain -0.90% 63% D 53% F
Dividend Return 4.10% 100% F 62% D
Total Return 3.20% 75% C 56% F
Trailing 5 Years  
Capital Gain N/A N/A N/A N/A F
Dividend Return N/A N/A N/A N/A F
Total Return N/A N/A N/A N/A F
Average Annual (5 Year Horizon)  
Capital Gain 2.01% 88% B+ 57% F
Dividend Return 3.73% 100% F 44% F
Total Return 1.72% 100% F 35% F
Risk Return Profile  
Volatility (Standard Deviation) 3.74% 63% D 91% A-
Risk Adjusted Return 99.83% 88% B+ 86% B+
Market Capitalization 5.00M 38% F 6% D-

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

Superior total returns

The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.

What to not like:
Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.