QAI vs FETH
Comparison between NYLI HEDGE MULTI-STRATEGY TRACKER ETF (QAI, ETF) and Fidelity Ethereum Fund (FETH, ETF).
QAI vs FETH - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
QAI
$995M
FETH
$994M
Expense Ratio
QAI
0.88%
Winner
FETH
0.25%
Max Drawdown
Winner
QAI
15.18%
FETH
67.57%
Sharpe Ratio
Winner
QAI
1.67
FETH
-0.25
5Y Beta
Winner
QAI
0.36
FETH
2.12
5Y Dividends CAGR
QAI
-0.30%
FETH
N/A
QAI vs FETH - Historical Returns
Returns include dividend reinvestment.
1M
Winner
QAI
+0.61%
FETH
-19.46%
3M
Winner
QAI
+6.69%
FETH
-22.92%
6M
Winner
QAI
+8.10%
FETH
-44.07%
1Y
Winner
QAI
+15.12%
FETH
-28.45%
5Y(CAGR)
QAI
+4.50%
FETH
N/A
10Y(CAGR)
QAI
+3.85%
FETH
N/A
Max(CAGR)
Winner
QAI
+3.55%
FETH
-32.00%
QAI vs FETH - Annual Returns (2009 - 2026)
Returns include dividend reinvestment.
| Year | QAI | FETH |
|---|---|---|
| 2026 | +7.71% | -46.82% |
| 2025 | +8.05% | -14.37% |
| 2024 | +6.75% | -3.61% |
| 2023 | +10.07% | N/A |
| 2022 | -8.52% | N/A |
| 2021 | -0.29% | N/A |
| 2020 | +5.14% | N/A |
| 2019 | +8.57% | N/A |
| 2018 | -3.67% | N/A |
| 2017 | +6.14% | N/A |
| 2016 | +1.06% | N/A |
| 2015 | -2.46% | N/A |
| 2014 | +3.23% | N/A |
| 2013 | +4.89% | N/A |
| 2012 | +3.23% | N/A |
| 2011 | +0.11% | N/A |
| 2010 | +1.44% | N/A |
| 2009 | +8.60% | N/A |
QAI vs FETH Drawdown Comparison
The maximum drawdown for QAI was -14.95%, occurring on Oct 14, 2022. Recovery took 771 trading sessions.
The maximum drawdown for FETH was -67.57%, occurring on Jun 5, 2026. This drawdown has not yet recovered.
The current QAI drawdown is -1.20%. The current FETH drawdown is -65.81%.
| Rank | QAI | FETH |
|---|---|---|
| #1 | -14.95% Feb 17, 2021 - Mar 12, 2024 | -67.57% Aug 22, 2025 - Jun 5, 2026 |
| #2 | -14.11% Jan 17, 2020 - Aug 5, 2020 | -64.00% Dec 6, 2024 - Aug 11, 2025 |
| #3 | -7.78% Feb 18, 2025 - Jun 27, 2025 | -35.89% Jul 23, 2024 - Nov 25, 2024 |
| #4 | -7.67% Apr 16, 2015 - Oct 13, 2017 | -12.85% Aug 13, 2025 - Aug 22, 2025 |
| #5 | -7.20% May 13, 2013 - Dec 31, 2013 | -5.47% Nov 25, 2024 - Nov 27, 2024 |
| #6 | -6.59% Jan 26, 2018 - Oct 24, 2019 | -1.82% Dec 4, 2024 - Dec 6, 2024 |
| #7 | -6.46% Jan 6, 2010 - Sep 24, 2010 | -1.32% Nov 27, 2024 - Dec 4, 2024 |
| #8 | -4.67% Jul 3, 2014 - Feb 13, 2015 | N/A |
| #9 | -4.54% Jul 10, 2012 - May 6, 2013 | N/A |
| #10 | -4.16% Nov 4, 2010 - Apr 27, 2011 | N/A |
| #11 | -3.71% Feb 25, 2026 - Apr 13, 2026 | N/A |
| #12 | -3.65% Jul 22, 2011 - Oct 27, 2011 | N/A |
| #13 | -3.45% Jul 16, 2024 - Aug 30, 2024 | N/A |
| #14 | -3.26% Oct 27, 2011 - Feb 1, 2012 | N/A |
| #15 | -3.09% Feb 28, 2012 - Jul 10, 2012 | N/A |
Correlation
Correlation between QAI and FETH is -0.24 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.24
-101
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