QAIvsBOXXETF Comparison
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NYLI Hedge Multi-Strategy Tracker ETF (QAI) and Alpha Architect 1-3 Month Box ETF (BOXX) belong to the same industry segment: Multi-Asset: Other. QAI is more expensive with a Total Expense Ratio (TER) of 1.03%, versus 0.24% for BOXX. QAI is up 6.43% year-to-date (YTD) with +$166M in YTD flows. BOXX performs worse with 3.07% YTD performance, and +$4.57B in YTD flows. Run a side-by-side ETF comparison of QAI and BOXX below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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QAI vs BOXX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | QAI BOXX | -1.12%+0.34% | -1.06%+0.98% | +6.43%+3.07% | +7.28%+4.00% | +28.04%+14.49% | +23.01%n/a |
| Flows | QAI BOXX | +$2M-$209M | -$4M+$1.19B | +$166M+$4.57B | +$120M+$5.37B | +$264M+$12.96B | +$111M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | QAI BOXX | +5.83%+0.31% | +7.09%+0.39% | +6.28%+0.34% | +6.43%n/a |
| Max drawdown | QAI BOXX | -2.98%-0.07% | -3.74%-0.07% | -7.75%-0.07% | -14.20%n/a |
| Max drawdown duration | QAI BOXX | 60d6d | 44d6d | 127d6d | 835dn/a |
Trading data
QAI | BOXX | |
Last sale 10/16/2026 at 1:30 PM | $35.65 | $118.64 |
| Previous close 10/15/2026 | $35.97 | $118.58 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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BOXX
is actively managed and doesn’t replicate an indexQAI | BOXX | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
QAI | BOXX | |
|---|---|---|
| Last price | $35.65 | $118.64 |
| 1D performance | -0.89% | +0.05% |
| AuM | $989.95 M | $14.25 B |
| E/R | 1.03% | 0.24% |
Characteristics
QAI | BOXX | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | New York Life Investments | Alpha Architect |
| Benchmark | NYLI Hedge Multi-Strategy Index | - |
| N° of holdings | - | - |
| Asset class | Alternative | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 25, 2009 | December 28, 2022 |
| ESG | No | No |
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Exposure
Countries
QAI
Data will be available soon
BOXX
Data will be available soon
Sectors
QAI
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BOXX
Data will be available soon
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Diversification
QAI
Data will be available soon
BOXX
Data will be available soon
Top 15 holdings
Data as of January 1, 1970
QAI
Data will be available soon
BOXX
Data will be available soon
Frequently asked questions about QAI and BOXX
How have the QAI and BOXX ETFs performed in 2026?
As of October 16, 2026, QAI is up 6.43% year-to-date (YTD), while BOXX has returned 3.07%. That puts QAI better performer ahead so far this year.
Which ETF is attracting more investor money: QAI or BOXX?
Year-to-date, the QAI ETF saw +$166M in flows, compared to +$4.57B for BOXX.
Which ETF is more volatile: QAI or BOXX?
Over the past year, QAI had a volatility of 7.09%, while BOXX experienced 0.39%.
Which ETF is bigger: QAI or BOXX?
As of October 16, 2026, QAI holds $989.95 M in assets under management (AUM), while BOXX manages $14.25 B.
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