IQ Hedge Correlations

QAI Etf

USD 34.27 0.19 0.56%

The current 90-days correlation between IQ Hedge Multi and Tortoise Capital Series is 0.1 (i.e., Average diversification). The correlation of IQ Hedge is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

IQ Hedge Correlation With Market

Very poor diversification

The correlation between IQ Hedge Multi Strategy and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IQ Hedge Multi Strategy and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with QAI Etf

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in IQ Hedge Multi Strategy. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with QAI Etf

0.66	LALT	Invesco Multi Strategy	Pair Corr
0.79	HFND	Unlimited HFND Multi	Pair Corr
0.78	SIXD	AIM ETF Products	Pair Corr
0.81	GQI	Natixis ETF Trust	Pair Corr
0.8	FB	ProShares Trust ProShares	Pair Corr
0.96	VB	Vanguard Small Cap	Pair Corr
0.76	VCSH	Vanguard Short Term	Pair Corr
0.72	OGSP	Spinnaker ETF Series	Pair Corr
0.75	BSMZ	Invesco BulletShares 2035	Pair Corr
0.71	SGVT	Schwab Strategic Trust	Pair Corr
0.95	RYLG	Global X Russell	Pair Corr
0.86	SHLD	Global X Defense Sell-off Trend	Pair Corr
0.7	HEGD	Swan Hedged Equity	Pair Corr
0.97	SSXU	Day HaganNed Davis	Pair Corr
0.89	DIA	SPDR Dow Jones	Pair Corr
0.83	PAPI	Morgan Stanley ETF	Pair Corr
0.68	XLE	Energy Select Sector Aggressive Push	Pair Corr
0.74	SKOR	FlexShares Credit	Pair Corr
0.88	VTI	Vanguard Total Stock	Pair Corr
0.68	VGSH	Vanguard Short Term	Pair Corr
0.8	PDBC	Invesco Optimum Yield	Pair Corr
0.81	VV	Vanguard Large Cap	Pair Corr
0.91	SOXL	Direxion Daily Semic Buyout Trend	Pair Corr
0.76	SRLN	SPDR Blackstone Senior Sell-off Trend	Pair Corr
0.87	FIVA	Fidelity International	Pair Corr
0.79	HDUS	Lattice Strategies Trust	Pair Corr
0.84	SCHD	Schwab Dividend Equity	Pair Corr
0.8	IAUM	iShares Gold Trust	Pair Corr
0.91	OMFS	Oppenheimer Russell 2000 Low Volatility	Pair Corr
0.74	JPIE	JP Morgan Exchange	Pair Corr

Moving against QAI Etf

0.87	VIXM	ProShares VIX Mid	Pair Corr
0.85	VXZ	iPath Series B	Pair Corr
0.84	VIXY	ProShares VIX Short	Pair Corr
0.82	VXX	iPath Series B	Pair Corr
0.51	YCL	ProShares Ultra Yen	Pair Corr
0.47	FXY	Invesco CurrencyShares	Pair Corr

Related Correlations Analysis

	TPYP	EWS	IYT	EQAL	JSMD	PFM	DWAS	SPEU	OAKM	IAK
TPYP		0.0	0.48	0.49	0.14	0.54	0.49	0.45	0.44	0.46	TPYP
EWS	0.0		0.28	0.42	0.5	0.4	0.16	0.51	0.23	-0.11	EWS
IYT	0.48	0.28		0.9	0.63	0.91	0.9	0.9	0.93	0.54	IYT
EQAL	0.49	0.42	0.9		0.8	0.96	0.93	0.94	0.89	0.36	EQAL
JSMD	0.14	0.5	0.63	0.8		0.73	0.73	0.67	0.54	-0.12	JSMD
PFM	0.54	0.4	0.91	0.96	0.73		0.92	0.92	0.9	0.48	PFM
DWAS	0.49	0.16	0.9	0.93	0.73	0.92		0.83	0.88	0.42	DWAS
SPEU	0.45	0.51	0.9	0.94	0.67	0.92	0.83		0.91	0.47	SPEU
OAKM	0.44	0.23	0.93	0.89	0.54	0.9	0.88	0.91		0.66	OAKM
IAK	0.46	-0.11	0.54	0.36	-0.12	0.48	0.42	0.47	0.66		IAK
	TPYP	EWS	IYT	EQAL	JSMD	PFM	DWAS	SPEU	OAKM	IAK

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PFM	+ 0.96	EQAL
SPEU	+ 0.94	EQAL
OAKM	+ 0.93	IYT
DWAS	+ 0.93	EQAL
DWAS	+ 0.92	PFM
SPEU	+ 0.92	PFM

High negative correlations

IAK	- 0.12	JSMD
IAK	- 0.11	EWS
EWS	- 0.0	TPYP

IQ Hedge Constituents Risk-Adjusted Indicators

There is a big difference between QAI Etf performing well and IQ Hedge ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze IQ Hedge's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TPYP	0.61	0.07	(0.02)	0.80	0.70	(0.62)	1.08	(1.17)	3.35
EWS	0.61	(0.03)	(0.07)	0.04	0.84	(0.59)	1.19	(1.37)	3.78
IYT	0.82	0.04	0.05	0.12	0.82	(0.87)	2.43	(1.40)	5.07
EQAL	0.64	0.02	0.00	0.11	0.66	(0.69)	1.33	(1.11)	3.13
JSMD	0.99	(0.02)	0.00	0.07	1.19	(1.06)	1.99	(2.17)	5.50
PFM	0.48	(0.01)	(0.06)	0.08	0.50	(0.51)	0.96	(0.89)	2.93
DWAS	1.15	0.04	0.03	0.13	1.35	(1.20)	2.12	(2.20)	5.90
SPEU	0.57	0.03	0.01	0.13	0.50	(0.64)	1.21	(1.05)	3.18
OAKM	0.66	0.05	0.04	0.14	0.69	(0.69)	1.52	(1.23)	3.91
IAK	0.61	0.02	(0.05)	0.16	0.69	(0.66)	1.27	(0.91)	5.19

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC