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QAI vs MSMR

NYLI Hedge Multi-Strategy Tracker ETF vs McElhenny Sheffield Managed Risk ETF

QAI

NYLI Hedge Multi-Strategy Tracker ETF

New York Life Investment Management LLC

Annual cost

0.88%

Fund size

$968M

MSMR

McElhenny Sheffield Managed Risk ETF

MSCM Funds

Annual cost

1.06%

Fund size

$166M

Key differences

  • QAI costs 0.18% less per year.
  • QAI is significantly larger than MSMR — larger funds tend to be more liquid and less likely to close.
  • QAI is classified as alternative, while MSMR is equity — different risk/return profiles.
  • QAI follows a multi strategy strategy; MSMR uses active selection.
  • Over the last 3 years, MSMR has delivered higher annualized returns.
  • QAI has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

QAIMSMR
Annual cost (TER)0.88%1.06%
Fund size (AUM)$968M$166M
Since20092021
Dividend yield1.41%1.88%
Asset classalternativeequity
Regionnorth americanorth america
Strategymulti strategyactive selection
CAGR 1Y+15.3%+25.9%
CAGR 3Y+9.9%+20.5%
CAGR 5Y+4.6%N/A
Sharpe 3Y1.001.40
Volatility 1Y5.97%12.03%
Max drawdown-14.95%-14.86%

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

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