Indexiq Etf Trust Etf Profile
| OCEN Etf | USD 21.24 0.16 0.76% |
Performance0 of 100
| Odds Of DistressLess than 9
|
IndexIQ ETF is selling at 21.24 as of the 24th of November 2024; that is 0.76 percent increase since the beginning of the trading day. The etf's open price was 21.08. IndexIQ ETF has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for IndexIQ ETF Trust are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 5th of December 2022 and ending today, the 24th of November 2024. Click here to learn more.
The manager employs a passive management or indexing investment approach designed to track the performance of the underlying index. IQ Clean is traded on NYSEARCA Exchange in the United States. More on IndexIQ ETF Trust
Moving together with IndexIQ Etf
| 0.91 | ICLN | iShares Global Clean | PairCorr |
| 0.83 | TAN | Invesco Solar ETF | PairCorr |
| 0.73 | QCLN | First Trust NASDAQ | PairCorr |
Moving against IndexIQ Etf
IndexIQ Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Theme ETFs, Strategy ETFs, Miscellaneous Sector, IndexIQ (View all Sectors) |
| Issuer | New York Life Investments |
| Inception Date | 2021-10-21 |
| Benchmark | NYLI Clean Oceans Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 4.75 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | The Bank of New York Mellon Corporation |
| Advisor | New York Life Investment Management LLC |
| Custodian | The Bank of New York Mellon Corporation |
| Distributor | ALPS Distributors, Inc. |
| Portfolio Manager | Greg Barrato, Francis Ok |
| Transfer Agent | The Bank of New York Mellon Corporation |
| Fiscal Year End | 30-Apr |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 83.0 |
| Market Maker | Virtu Financial |
| Total Expense | 0.46 |
| Management Fee | 0.45 |
| Country Name | USA |
| Returns Y T D | (4.5) |
| Name | IndexIQ ETF Trust - IQ Clean Oceans ETF |
| Currency Code | USD |
| Open Figi | BBG0133NMCJ7 |
| In Threey Volatility | 22.47 |
| 1y Volatility | 21.31 |
| 200 Day M A | 22.3996 |
| 50 Day M A | 22.2663 |
| Code | OCEN |
| Updated At | 23rd of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.23) |
IndexIQ ETF Trust [OCEN] is traded in USA and was established 2021-10-21. The fund is listed under Miscellaneous Sector category and is part of IndexIQ family. The entity is thematically classified as Theme ETFs. IndexIQ ETF Trust now have 4.21 M in assets. , while the total return for the last 3 years was -4.9%.
Check IndexIQ ETF Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on IndexIQ Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding IndexIQ Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as IndexIQ ETF Trust Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
IndexIQ ETF Trust Currency Exposure
IndexIQ ETF Trust holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of IndexIQ ETF will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in IndexIQ ETF Trust.
Top IndexIQ ETF Trust Etf Constituents
| AWK | American Water Works | Stock | Utilities | |
| 006400 | Samsung SDI | Stock | Information Technology | |
| INTC | Intel | Stock | Information Technology | |
| LSG | Lery Seafood Group | Stock | Consumer Staples | |
| ESSITY-B | Essity AB | Stock | Household & Personal Products | |
| LR | Legrand SA | Stock | Diversified Industrials | |
| EDPR | EDP Renovaveis | Stock | Utilities | |
| WSM | Williams Sonoma | Stock | Consumer Discretionary |
IndexIQ ETF Trust Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in IndexIQ ETF. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.15) |
IndexIQ ETF Against Markets
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in IndexIQ ETF Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income. To learn how to invest in IndexIQ Etf, please use our How to Invest in IndexIQ ETF guide.You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
The market value of IndexIQ ETF Trust is measured differently than its book value, which is the value of IndexIQ that is recorded on the company's balance sheet. Investors also form their own opinion of IndexIQ ETF's value that differs from its market value or its book value, called intrinsic value, which is IndexIQ ETF's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because IndexIQ ETF's market value can be influenced by many factors that don't directly affect IndexIQ ETF's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between IndexIQ ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if IndexIQ ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IndexIQ ETF's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.