QAI NYLIM Hedge Multi-Strategy Tracker ETF
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Over the year to Nov 4, 2026, QAI returned 7.7%, against 14.8% for IWV.
Promise check: Not measuredNo other ETF tracks the index it names, so its tracking cannot be measured.
QAI risk and return scorecard
vs IWV · Apr 2009 to Oct 2026 · 917 weekly returns · dividend-adjusted
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data
Money in and out
Net fund flows · Jul 31, 2026What you earned
How concentrated, and what does it cost?
More on QAI
Every number below is on this page. Open what you need.Price, 1 year
$35.71+0.6%1 day, priceClose, Nov 4, 2026
Price only. Total return over the same days, distributions reinvested, was +7.7%. Computed by ETFIQ from Tiingo daily prices.
Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Report a data error
| Window | Total return | Benchmark (IWV) | Gap to IWV | S&P 500 (SPY) |
|---|---|---|---|---|
| 1M Oct 5 – Nov 4, 2026 | −1.6% | −0.8% | −0.8 pts | −1.0% |
| 3M Aug 5 – Nov 4, 2026 | −2.0% | −0.3% | −1.7 pts | −0.1% |
| 6M May 6 – Nov 4, 2026 | −1.3% | +4.9% | −6.2 pts | +5.0% |
| YTD Dec 31, 2025 – Nov 4, 2026 | +6.6% | +13.3% | −6.7 pts | +13.3% |
| 1Y Nov 4, 2025 – Nov 4, 2026 | +7.7% | +14.8% | −7.1 pts | +14.8% |
| 3Y Nov 3, 2023 – Nov 4, 2026 | +28.1% | +81.0% | −52.9 pts | +82.9% |
| 5Y Nov 5, 2021 – Nov 4, 2026 | +22.1% | +66.3% | −44.2 pts | +75.0% |
| 10Y Nov 4, 2016 – Nov 4, 2026 | +45.8% | +308.3% | −262.5 pts | +330.8% |
| Since launch Mar 25, 2009 – Nov 4, 2026 | +79.4% | not available | not available | +1,185.7% |
| Since launch, annualised Mar 25, 2009 – Nov 4, 2026 | +3.4% | – | – | – |
Total returns, distributions reinvested.
Source: Tiingo end-of-day prices, with distributions reinvested.
QAI in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, QAI −0.54%.
Money in and out
Monthly data · as of Jul 31, 2026QAI: in the month to Jul 31, 2026, net $4.7m came in, by its SEC filing.
Aug 1, 2025 to Jul 31, 2026
monthly, from SEC filings
Aug 1, 2023 to Jul 31, 2026
monthly, from SEC filings
monthly, from SEC filings
monthly, from SEC filings
Computed by ETFIQ from the monthly sales and redemptions QAI files with the SEC on Form N-PORT.
How this is computed
ETFIQ reads no daily data for this fund, so its flows are monthly, and the latest month filed is Jul 2026. Every day and month ETFIQ holds for QAI, back to Aug 2019, is in its flows file. Flows across every fund · How these flows are computed · Compare QAI with other funds in the flows tool
Month by month, money in and money outAug 2023 to Jul 2026
QAI, money in and money out each month from Aug 2023 to Jul 2026: two bars a month, money in above the line and money out below. Every bar is from QAI’s SEC filings (N-PORT item B.6). Of the 36 months listed, money came in on net in 18 and went out in 17.
Every bar is from QAI’s SEC filings (N-PORT item B.6). Of the 36 months listed, money came in on net in 18 and went out in 17.
Most recent first.
How this is computed
N-PORT months: money in is sales plus reinvestments; money out is redemptions.
N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.
Source: ETFIQ, from the fund’s SEC N-PORT filings. Data as of Jul 31, 2026. Updated when the fund files its next report.
QAI key stats
Trading
as of Jul 10, 2026
QAI for holders outside the US
About QAI
12 seats on QAI, as of Nov 4, 2026: 1 Mixed, 2 Challenges, 8 Not enough data, 1 Does not apply.
Questions people ask about QAI
- Does QAI move with the S&P 500?
- Over the year to Nov 4, 2026, QAI’s weekly returns had a correlation of +0.89 with the S&P 500’s, on a scale where 1 moves in step, 0 shows no pattern and −1 moves opposite. Its beta was +0.45, so for each 1% the index moved it moved about 0.45% the same way.
- What did QAI do when stocks fell?
- The S&P 500 fell in 26 of the 52 weeks to Nov 4, 2026, by 1.07% on average. In those weeks QAI fell 0.54% on average, a down-week capture of 50.9%.
- Did QAI earn more than cash?
- Over the same 52 weeks QAI returned +7.1% with distributions reinvested, and BIL, a fund of Treasury bills, returned +3.7%. QAI finished 3.5 percentage points ahead of it.
- What does QAI cost?
- The prospectus expense ratio is 0.81% a year.
- Why is QAI listed as multi-strategy?
- ETFIQ files each fund by what its own prospectus says it does, and QAI’s, filed Aug 26, 2026, describes a multi-strategy fund.
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ETFIQ, QAI, alternatives ETFs, data as of Nov 4, 2026. https://etfiq.com/funds/qai
ETFIQ. (Nov 4, 2026). QAI, alternatives ETFs. Retrieved from https://etfiq.com/funds/qai
[QAI, alternatives ETFs (ETFIQ, Nov 4, 2026)](https://etfiq.com/funds/qai)
The down-week bars for QAI, redrawn every trading night.
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.
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<figure style="margin:0;max-width:640px">
<iframe src="https://etfiq.com/embed/alternatives/qai/" title="QAI: QAI in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, QAI −0.54%." width="640" height="334" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">QAI: QAI in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, QAI −0.54%. Data: <a href="https://etfiq.com/funds/qai">ETFIQ</a></figcaption>
</figure>The day's ETF flows, a comparison and one number. Every trading morning. About the Daily
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