QLS:ARCA-IQ Hedge Long Short Tracker

ETF | Long-Short Equity | NYSE Arca

Last Closing

USD 21.505

Change

-0.03 (-0.15)%

Market Cap

USD 1.92M

Volume

N/A

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 Long/Short 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 Long/Short TR USD

Primary Index: S&P 500 TR USD

Gross Expense Ratio: 0.76%

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: 2019-06-17 )

Largest Industry Peers for Long-Short Equity

Symbol Name Mer Price(Change) Market Cap
FTLS First Trust Long/Short Equity .. 1.59 %

+0.51 (+0.85%)

USD 1.13B
PHDG Invesco S&P 500® Downside Hed.. 0.38 %

+0.14 (+0.39%)

USD 0.11B
HTUS Capitol Series Trust 0.91 %

+0.43 (+1.13%)

USD 0.04B
CLIX ProShares Long Online/Short St.. 0.65 %

+0.68 (+1.66%)

USD 0.01B

ETFs Containing QLS

N/A

Market Performance

  Market Performance vs. Industry/Classification (Long-Short Equity) Market Performance vs. Exchange (NYSE Arca)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 9.89% 88% B+ 51% F
Dividend Return N/A N/A N/A N/A F
Total Return 9.89% 88% B+ 44% F
Trailing 12 Months  
Capital Gain -3.16% 38% F 47% F
Dividend Return 4.28% 60% D- 62% D
Total Return 1.12% 75% C 51% 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 2.74% 75% C 61% D-
Dividend Return 3.77% 63% D 46% F
Total Return 1.03% 50% F 21% F
Risk Return Profile  
Volatility (Standard Deviation) 5.77% 50% F 84% B
Risk Adjusted Return 65.33% 75% C 70% C-
Market Capitalization 1.92M 33% F 8% B-

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.

What to not like:
Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

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.