QAI vs XLSR
Comparison between NYLI HEDGE MULTI-STRATEGY TRACKER ETF (QAI, ETF) and STATE STREET(R) US SECTOR ROTATION ETF (XLSR, ETF).
5-Year PerformanceXLSR has outperformed QAI, delivering a return of +9.5% compared to +4.5%
QAI vs XLSR - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
QAI
$995M
XLSR
$994M
Expense Ratio
QAI
0.88%
Winner
XLSR
0.70%
Max Drawdown
Winner
QAI
15.18%
XLSR
32.94%
Sharpe Ratio
Winner
QAI
1.67
XLSR
1.25
5Y Beta
Winner
QAI
0.36
XLSR
1.03
5Y Dividends CAGR
Winner
QAI
-0.30%
XLSR
-1.04%
QAI vs XLSR - Holdings Comparison
QAI and XLSR have 7 common holdings. Overlap is 0.40%
QAI's top 25 holdings weight is 96.89%. XLSR's top 25 holdings weight is 99.70%.
| Rank | QAI | XLSR |
|---|---|---|
| #1 | ISHARES FLOATING RATE BOND ETF (FLOT) - 16.25% | STATE STREET®TECHSELSECTSPDR®ETF (XLK) - 26.05% |
| #2 | VANGUARD SHORT-TERM TREASURY ETF (VGSH) - 13.93% | STATE STREET® INDSTRLSELSECTSPDR®ETF (XLI) - 19.01% |
| #3 | VANGUARD FTSE DEVELOPED MARKETS ETF (VEA) - 7.28% | STATE STREET®CNSMRSTPSELSECTSPDR®ETF (XLP) - 7.68% |
| #4 | FRANKLIN SENIOR LOAN ETF (FLBL) - 6.48% | STATE STREET®ENGYSELSECTSPDR®ETF (XLE) - 5.88% |
| #5 | ISHARES CORE S&P SMALL-CAP ETF (IJR) - 5.12% | ALPHABET INC CLASS A (GOOGL) - 5.82% |
| #6 | STATE STREET® SPDR® BLMBG INVGRDFLTRTETF (FLRN) - 4.89% | NVIDIA CORP (NVDA) - 4.79% |
| #7 | ISHARES MSCI EMERGING MKTS EX CHINA ETF (EMXC) - 4.39% | ALPHABET INC CLASS C (GOOG) - 4.49% |
| #8 | ISHARES MSCI USA MOMENTUM FACTOR ETF (MTUM) - 3.99% | APPLE INC (AAPL) - 4.13% |
| #9 | STATE STREET® SPDR® BLMBG CNVRT SECS ETF (CWB) - 3.64% | STATE STREET®HLTHCRSELSECTSPDR®ETF (XLV) - 3.72% |
| #10 | ISHARES CONVERTIBLE BOND ETF (ICVT) - 3.21% | META PLATFORMS INC CLASS A (META) - 3.25% |
| #11 | NYLI MERGER ARBITRAGE ETF (MNA) - 2.92% | STATE STREET® COMMSERVSELSECTSPDR®ETF (XLC) - 2.97% |
| #12 | JPMORGAN EQUITY PREMIUM INCOME ETF (JEPI) - 2.70% | STATE STREET® CNSMRDISCSELSECTSPDR®ETF (XLY) - 2.86% |
| #13 | VANGUARD TAX-EXEMPT BOND ETF (VTEB) - 2.63% | MICROSOFT CORP (MSFT) - 2.83% |
| #14 | ISHARES NATIONAL MUNI BOND ETF (MUB) - 2.58% | BROADCOM INC (AVGO) - 1.95% |
| #15 | GLOBAL X US PREFERRED ETF (PFFD) - 2.55% | NETFLIX INC (NFLX) - 0.80% |
| #16 | IMGP DBI MANAGED FUTURES STRATEGY ETF (DBMF) - 2.12% | WALMART INC (WMT) - 0.61% |
| #17 | INVESCO DB AGRICULTURE (DBA) - 1.95% | AMAZON.COM INC (AMZN) - 0.49% |
| #18 | VANGUARD MORTGAGE-BACKED SECS ETF (VMBS) - 1.86% | COSTCO WHOLESALE CORP (COST) - 0.48% |
| #19 | INVESCO OPTM YD DVRS CDTY STRA NO K1 ETF (PDBC) - 1.57% | VERIZON COMMUNICATIONS INC (VZ) - 0.41% |
| #20 | STATE STREET® COMMSERVSELSECTSPDR®ETF (XLC) - 1.53% | AT&T INC (T) - 0.35% |
| #21 | REC FLOT US LML (n/a) - 1.33% | COCA-COLA CO (KO) - 0.28% |
| #22 | SIMPLIFY MANAGED FUTURES STRATEGY ETF (CTA) - 1.23% | EXXON MOBIL CORP (XOM) - 0.27% |
| #23 | ALTSHARES MERGER ARBITRAGE ETF (ARB) - 1.10% | PROCTER & GAMBLE CO (PG) - 0.27% |
| #24 | ISHARES MSCI CHINA ETF (MCHI) - 0.88% | PHILIP MORRIS INTERNATIONAL INC (PM) - 0.16% |
| #25 | FRANKLIN FTSE INDIA ETF (FLIN) - 0.76% | THE WALT DISNEY CO (DIS) - 0.15% |
| Total Holdings | 76 | 31 |
QAI vs XLSR - Historical Returns
Returns include dividend reinvestment.
1M
Winner
QAI
+0.61%
XLSR
-2.30%
3M
QAI
+6.69%
Winner
XLSR
+9.28%
6M
Winner
QAI
+8.10%
XLSR
+1.98%
1Y
QAI
+15.12%
Winner
XLSR
+20.17%
5Y(CAGR)
QAI
+4.50%
Winner
XLSR
+9.50%
10Y(CAGR)
QAI
+3.85%
XLSR
N/A
Max(CAGR)
QAI
+3.55%
Winner
XLSR
+12.54%
QAI vs XLSR - Annual Returns (2009 - 2026)
Returns include dividend reinvestment.
| Year | QAI | XLSR |
|---|---|---|
| 2026 | +7.71% | +2.68% |
| 2025 | +8.05% | +17.68% |
| 2024 | +6.75% | +18.70% |
| 2023 | +10.07% | +19.47% |
| 2022 | -8.52% | -16.22% |
| 2021 | -0.29% | +22.13% |
| 2020 | +5.14% | +19.32% |
| 2019 | +8.57% | +14.13% |
| 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 XLSR Drawdown Comparison
The maximum drawdown for QAI was -14.95%, occurring on Oct 14, 2022. Recovery took 771 trading sessions.
The maximum drawdown for XLSR was -32.94%, occurring on Mar 23, 2020. Recovery took 122 trading sessions.
The current QAI drawdown is -1.20%. The current XLSR drawdown is -4.05%.
| Rank | QAI | XLSR |
|---|---|---|
| #1 | -14.95% Feb 17, 2021 - Mar 12, 2024 | -32.94% Feb 19, 2020 - Aug 12, 2020 |
| #2 | -14.11% Jan 17, 2020 - Aug 5, 2020 | -23.32% Jan 4, 2022 - Jan 19, 2024 |
| #3 | -7.78% Feb 18, 2025 - Jun 27, 2025 | -20.57% Feb 19, 2025 - Jul 24, 2025 |
| #4 | -7.67% Apr 16, 2015 - Oct 13, 2017 | -11.06% Dec 26, 2025 - Apr 30, 2026 |
| #5 | -7.20% May 13, 2013 - Dec 31, 2013 | -10.24% Jul 16, 2024 - Oct 9, 2024 |
| #6 | -6.59% Jan 26, 2018 - Oct 24, 2019 | -9.48% Sep 2, 2020 - Nov 13, 2020 |
| #7 | -6.46% Jan 6, 2010 - Sep 24, 2010 | -7.10% May 3, 2019 - Jun 20, 2019 |
| #8 | -4.67% Jul 3, 2014 - Feb 13, 2015 | -6.11% Feb 12, 2021 - Apr 5, 2021 |
| #9 | -4.54% Jul 10, 2012 - May 6, 2013 | -5.80% Sep 3, 2021 - Nov 3, 2021 |
| #10 | -4.16% Nov 4, 2010 - Apr 27, 2011 | -5.43% Mar 28, 2024 - May 15, 2024 |
| #11 | -3.71% Feb 25, 2026 - Apr 13, 2026 | -5.35% Dec 6, 2024 - Feb 13, 2025 |
| #12 | -3.65% Jul 22, 2011 - Oct 27, 2011 | -5.03% Jun 2, 2026 - Jun 10, 2026 |
| #13 | -3.45% Jul 16, 2024 - Aug 30, 2024 | -5.02% Jul 12, 2019 - Sep 5, 2019 |
| #14 | -3.26% Oct 27, 2011 - Feb 1, 2012 | -4.46% May 7, 2021 - Jun 2, 2021 |
| #15 | -3.09% Feb 28, 2012 - Jul 10, 2012 | -4.24% Oct 29, 2025 - Nov 25, 2025 |
Correlation
Correlation between QAI and XLSR is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
0.92
-101
Dividend Comparison (2009 - 2026)
QAI vs XLSR dividend yield comparison.
| Year | QAI | XLSR |
|---|---|---|
| 2026 | 0.00% | 0.11% |
| 2025 | 1.50% | 0.58% |
| 2024 | 2.22% | 0.66% |
| 2023 | 4.08% | 1.04% |
| 2022 | 2.00% | 1.80% |
| 2021 | 0.28% | 3.44% |
| 2020 | 1.98% | 1.25% |
| 2019 | 1.91% | 0.94% |
| 2018 | 1.90% | 0.00% |
| 2016 | 0.00% | 0.00% |
| 2015 | 0.48% | 0.00% |
| 2014 | 1.34% | 0.00% |
| 2013 | 1.26% | 0.00% |
| 2012 | 1.11% | 0.00% |
| 2011 | 1.37% | 0.00% |
| 2010 | 1.51% | 0.00% |
| 2009 | 0.85% | 0.00% |
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