QAIvsFPEETF Comparison
NYLI Hedge Multi-Strategy Tracker ETF (QAI) and First Trust Preferred Securities and Income ETF (FPE) belong to the same industry segment: Multi-Asset: Other. In contrast, FPE's top sector exposures are Finance, Utilities and Telecommunications. QAI is more expensive with a Total Expense Ratio (TER) of 1.03%, versus 0.83% for FPE. QAI is up 6.43% year-to-date (YTD) with +$166M in YTD flows. FPE performs worse with -0.55% YTD performance, and -$44M in YTD flows. Run a side-by-side ETF comparison of QAI and FPE below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
QAI vs FPE performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | QAI FPE | -1.12%-1.36% | -1.06%-3.05% | +6.43%-0.55% | +7.28%-0.36% | +28.04%+29.44% | +23.01%+8.99% |
| Flows | QAI FPE | +$2M-$160M | -$4M-$166M | +$166M-$44M | +$120M+$97M | +$264M+$530M | +$111M-$350M |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | QAI FPE | +5.83%+3.36% | +7.09%+3.00% | +6.28%+3.40% | +6.43%+5.38% |
| Max drawdown | QAI FPE | -2.98%-3.89% | -3.74%-3.89% | -7.75%-4.02% | -14.20%-21.21% |
| Max drawdown duration | QAI FPE | 60d88d | 44d88d | 127d92d | 835d1039d |
QAI | FPE | |
Last sale 10/16/2026 at 1:30 PM | $35.65 | $17.08 |
| Previous close 10/15/2026 | $35.97 | $17.10 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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QAI | FPE | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
QAI | FPE | |
|---|---|---|
| Last price | $35.65 | $17.08 |
| 1D performance | -0.89% | -0.12% |
| AuM | $989.95 M | $5.91 B |
| E/R | 1.03% | 0.83% |
QAI | FPE | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | New York Life Investments | First Trust |
| Benchmark | NYLI Hedge Multi-Strategy Index | - |
| N° of holdings | - | 282 |
| Asset class | Alternative | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 25, 2009 | February 11, 2013 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
