QAI vs IYZ
Comparison between NYLI HEDGE MULTI-STRATEGY TRACKER ETF (QAI, ETF) and ISHARES U.S. TELECOMMUNICATIONS ETF (IYZ, ETF).
5-Year PerformanceIYZ has outperformed QAI, delivering a return of +7.2% compared to +4.2%
QAI vs IYZ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
QAI
$969M
IYZ
$966M
Expense Ratio
QAI
0.88%
Winner
IYZ
0.38%
Max Drawdown
Winner
QAI
15.18%
IYZ
79.53%
Sharpe Ratio
QAI
1.55
Winner
IYZ
2.22
5Y Beta
Winner
QAI
0.36
IYZ
0.75
P/E Ratio
QAI
N/A
IYZ
61.61
Forward P/E
QAI
N/A
IYZ
16.91
5Y Dividends CAGR
QAI
-0.30%
Winner
IYZ
1.34%
5Y EPS CAGR
QAI
N/A
IYZ
10.09%
Debt to Equity
QAI
N/A
IYZ
68.96%
P/S Ratio
QAI
N/A
IYZ
2.46
P/B Ratio
QAI
N/A
IYZ
2.74
QAI vs IYZ - Holdings Comparison
QAI and IYZ have 1 common holdings. Overlap is -1.33%
QAI's top 25 holdings weight is 96.89%. IYZ's top 25 holdings weight is 99.98%.
| Rank | QAI | IYZ |
|---|---|---|
| #1 | ISHARES FLOATING RATE BOND ETF (FLOT) - 16.25% | CISCO SYSTEMS INC (CSCO) - 26.25% |
| #2 | VANGUARD SHORT-TERM TREASURY ETF (VGSH) - 13.93% | VERIZON COMMUNICATIONS INC (VZ) - 11.45% |
| #3 | VANGUARD FTSE DEVELOPED MARKETS ETF (VEA) - 7.28% | AT&T INC (T) - 9.89% |
| #4 | FRANKLIN SENIOR LOAN ETF (FLBL) - 6.48% | IRIDIUM COMMUNICATIONS INC (IRDM) - 5.83% |
| #5 | ISHARES CORE S&P SMALL-CAP ETF (IJR) - 5.12% | CIENA CORP (CIEN) - 5.65% |
| #6 | STATE STREET® SPDR® BLMBG INVGRDFLTRTETF (FLRN) - 4.89% | LUMENTUM HOLDINGS INC (LITE) - 4.63% |
| #7 | ISHARES MSCI EMERGING MKTS EX CHINA ETF (EMXC) - 4.39% | ARISTA NETWORKS INC (ANET) - 4.42% |
| #8 | ISHARES MSCI USA MOMENTUM FACTOR ETF (MTUM) - 3.99% | ROKU INC CLASS A (ROKU) - 3.78% |
| #9 | STATE STREET® SPDR® BLMBG CNVRT SECS ETF (CWB) - 3.64% | AST SPACEMOBILE INC ORDINARY SHARES CLASS A (ASTS) - 3.70% |
| #10 | ISHARES CONVERTIBLE BOND ETF (ICVT) - 3.21% | MILLICOM INTERNATIONAL CELLULAR SA (TIGO) - 3.61% |
| #11 | NYLI MERGER ARBITRAGE ETF (MNA) - 2.92% | T-MOBILE US INC (TMUS) - 3.30% |
| #12 | JPMORGAN EQUITY PREMIUM INCOME ETF (JEPI) - 2.70% | COMCAST CORP CLASS A (CMCSA) - 3.08% |
| #13 | VANGUARD TAX-EXEMPT BOND ETF (VTEB) - 2.63% | MOTOROLA SOLUTIONS INC (MSI) - 3.05% |
| #14 | ISHARES NATIONAL MUNI BOND ETF (MUB) - 2.58% | UBIQUITI INC (UI) - 2.37% |
| #15 | GLOBAL X US PREFERRED ETF (PFFD) - 2.55% | CHARTER COMMUNICATIONS INC CLASS A (CHTR) - 1.99% |
| #16 | IMGP DBI MANAGED FUTURES STRATEGY ETF (DBMF) - 2.12% | GCI LIBERTY INC ORDINARY SHARES SERIES C (GLIBK) - 1.98% |
| #17 | INVESCO DB AGRICULTURE (DBA) - 1.95% | LIBERTY BROADBAND CORP REGISTERED SHS SERIES -C- (LBRDK) - 1.95% |
| #18 | VANGUARD MORTGAGE-BACKED SECS ETF (VMBS) - 1.86% | LIBERTY GLOBAL LTD ORDINARY SHARES CLASS A (LBTYA) - 1.69% |
| #19 | INVESCO OPTM YD DVRS CDTY STRA NO K1 ETF (PDBC) - 1.57% | LIBERTY GLOBAL LTD CLASS C (LBTYK) - 1.27% |
| #20 | STATE STREET® COMMSERVSELSECTSPDR®ETF (XLC) - 1.53% | BLACKROCK CASH FUNDS TREASURY SL AGENCY (n/a) - 0.18% |
| #21 | REC FLOT US LML (n/a) - 1.33% | ETD USD BALANCE WITH R30382 (n/a) - 0.00% |
| #22 | SIMPLIFY MANAGED FUTURES STRATEGY ETF (CTA) - 1.23% | E-MINI RUSSELL 2000 VALUE INDEX FUTURE JUNE 26 (n/a) - 0.00% |
| #23 | ALTSHARES MERGER ARBITRAGE ETF (ARB) - 1.10% | USD CASH (n/a) - -0.09% |
| #24 | ISHARES MSCI CHINA ETF (MCHI) - 0.88% | N/A |
| #25 | FRANKLIN FTSE INDIA ETF (FLIN) - 0.76% | N/A |
| Total Holdings | 76 | 23 |
QAI vs IYZ - Historical Returns
Returns include dividend reinvestment.
1M
QAI
+0.00%
Winner
IYZ
+0.40%
3M
QAI
+4.30%
Winner
IYZ
+7.39%
6M
QAI
+7.52%
Winner
IYZ
+29.21%
1Y
QAI
+13.91%
Winner
IYZ
+53.29%
5Y(CAGR)
QAI
+4.19%
Winner
IYZ
+7.19%
10Y(CAGR)
QAI
+3.75%
Winner
IYZ
+5.75%
Max(CAGR)
Winner
QAI
+3.49%
IYZ
+1.47%
QAI vs IYZ - Annual Returns (2000 - 2026)
Returns include dividend reinvestment.
| Year | QAI | IYZ |
|---|---|---|
| 2026 | +6.40% | +25.52% |
| 2025 | +8.05% | +28.66% |
| 2024 | +6.75% | +20.06% |
| 2023 | +10.07% | +2.94% |
| 2022 | -8.52% | -30.78% |
| 2021 | -0.29% | +11.75% |
| 2020 | +5.14% | +4.08% |
| 2019 | +8.57% | +15.27% |
| 2018 | -3.67% | -9.07% |
| 2017 | +6.14% | -15.58% |
| 2016 | +1.06% | +25.61% |
| 2015 | -2.46% | -0.00% |
| 2014 | +3.23% | +1.74% |
| 2013 | +4.89% | +23.62% |
| 2012 | +3.23% | +16.93% |
| 2011 | +0.11% | -8.68% |
| 2010 | +1.44% | +17.59% |
| 2009 | +8.60% | +22.37% |
| 2008 | N/A | -41.34% |
| 2007 | N/A | +1.44% |
| 2006 | N/A | +31.93% |
| 2005 | N/A | -1.98% |
| 2004 | N/A | +17.78% |
| 2003 | N/A | +6.69% |
| 2002 | N/A | -39.54% |
| 2001 | N/A | -18.86% |
| 2000 | N/A | -29.31% |
QAI vs IYZ Drawdown Comparison
The maximum drawdown for QAI was -14.95%, occurring on Oct 14, 2022. Recovery took 771 trading sessions.
The maximum drawdown for IYZ was -77.08%, occurring on Sep 30, 2002. Recovery took 6408 trading sessions.
The current QAI drawdown is -2.13%. The current IYZ drawdown is -7.33%.
| Rank | QAI | IYZ |
|---|---|---|
| #1 | -14.95% Feb 17, 2021 - Mar 12, 2024 | -77.08% Jun 19, 2000 - Dec 10, 2025 |
| #2 | -14.11% Jan 17, 2020 - Aug 5, 2020 | -7.33% Jun 2, 2026 - Jun 5, 2026 |
| #3 | -7.78% Feb 18, 2025 - Jun 27, 2025 | -5.64% Apr 23, 2026 - May 14, 2026 |
| #4 | -7.67% Apr 16, 2015 - Oct 13, 2017 | -5.44% Mar 25, 2026 - Apr 8, 2026 |
| #5 | -7.20% May 13, 2013 - Dec 31, 2013 | -4.29% Mar 4, 2026 - Mar 24, 2026 |
| #6 | -6.59% Jan 26, 2018 - Oct 24, 2019 | -4.24% Dec 11, 2025 - Dec 22, 2025 |
| #7 | -6.46% Jan 6, 2010 - Sep 24, 2010 | -2.31% Feb 11, 2026 - Feb 20, 2026 |
| #8 | -4.67% Jul 3, 2014 - Feb 13, 2015 | -2.23% Jan 6, 2026 - Jan 26, 2026 |
| #9 | -4.54% Jul 10, 2012 - May 6, 2013 | -1.45% May 14, 2026 - May 21, 2026 |
| #10 | -4.16% Nov 4, 2010 - Apr 27, 2011 | -1.42% Apr 8, 2026 - Apr 16, 2026 |
| #11 | -3.71% Feb 25, 2026 - Apr 13, 2026 | -1.28% Jun 14, 2000 - Jun 19, 2000 |
| #12 | -3.65% Jul 22, 2011 - Oct 27, 2011 | -1.19% Mar 2, 2026 - Mar 4, 2026 |
| #13 | -3.45% Jul 16, 2024 - Aug 30, 2024 | -1.16% May 27, 2026 - Jun 2, 2026 |
| #14 | -3.26% Oct 27, 2011 - Feb 1, 2012 | -1.12% Feb 24, 2026 - Feb 27, 2026 |
| #15 | -3.09% Feb 28, 2012 - Jul 10, 2012 | -0.75% Jun 9, 2000 - Jun 13, 2000 |
Correlation
Correlation between QAI and IYZ is 0.86 which considered as a strong positive correlation - the stocks tend to move together.
0.86
-101
Dividend Comparison (2000 - 2026)
QAI vs IYZ dividend yield comparison.
| Year | QAI | IYZ |
|---|---|---|
| 2026 | 0.00% | 0.35% |
| 2025 | 1.50% | 2.04% |
| 2024 | 2.22% | 1.94% |
| 2023 | 4.08% | 2.27% |
| 2022 | 2.00% | 2.55% |
| 2021 | 0.28% | 2.51% |
| 2020 | 1.98% | 2.60% |
| 2019 | 1.91% | 2.36% |
| 2018 | 1.90% | 2.15% |
| 2017 | 0.00% | 3.54% |
| 2016 | 0.00% | 2.27% |
| 2015 | 0.48% | 1.97% |
| 2014 | 1.34% | 2.25% |
| 2013 | 1.26% | 2.62% |
| 2012 | 1.11% | 2.63% |
| 2011 | 1.37% | 3.09% |
| 2010 | 1.51% | 3.00% |
| 2009 | 0.85% | 3.51% |
| 2008 | 0.00% | 4.60% |
| 2007 | 0.00% | 2.06% |
| 2006 | 0.00% | 2.00% |
| 2005 | 0.00% | 3.56% |
| 2004 | 0.00% | 2.27% |
| 2003 | 0.00% | 2.13% |
| 2002 | 0.00% | 1.69% |
| 2001 | 0.00% | 0.77% |
| 2000 | 0.00% | 2.09% |
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