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QAI vs AMAX

NYLI Hedge Multi-Strategy Tracker ETF vs Adaptive Hedged Multi-Asset Income ETF

QAI

NYLI Hedge Multi-Strategy Tracker ETF

New York Life Investment Management LLC

Annual cost

0.88%

Fund size

$968M

AMAX

Adaptive Hedged Multi-Asset Income ETF

Adaptive ETF

Annual cost

1.36%

Fund size

$60M

Key differences

  • QAI costs 0.48% less per year.
  • QAI is significantly larger than AMAX — larger funds tend to be more liquid and less likely to close.
  • QAI follows a multi strategy strategy; AMAX uses option income.

Side-by-side comparison

QAIAMAX
Annual cost (TER)0.88%1.36%
Fund size (AUM)$968M$60M
Since20092009
Dividend yield1.41%10.63%
Asset classalternativealternative
Regionnorth america
Strategymulti strategyoption income
CAGR 1Y+15.3%+11.8%
CAGR 3Y+9.9%+9.4%
CAGR 5Y+4.6%N/A
Sharpe 3Y1.000.59
Volatility 1Y5.97%9.98%
Max drawdown-14.95%-16.25%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

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