HDG vs QAI
ProShares Hedge Replication ETF against NYLIM Hedge Multi-Strategy Tracker ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
0%
0 shared positions
Fee gap
7 bp
QAI is cheaper
1-year return gap
1.0 pts
QAI is ahead
Larger fund
QAI
$996M
Side by side
| HDG | QAI | |
|---|---|---|
| Fund | ProShares Hedge Replication ETF | NYLIM Hedge Multi-Strategy Tracker ETF |
| Issuer | ProShares | New York Life |
| Category | Long/Short & Market Neutral | Long/Short & Market Neutral |
| Expense ratio | 0.95% | 0.88% |
| Assets | $22M | $996M |
| Average daily dollar volume | $38K | $1.9M |
| Listed | Jul 12, 2011 | Mar 25, 2009 |
| FrenzyCap score | 19 | 51 |
| 1-month return | −1.9% | −1.6% |
| 3-month return | −0.8% | −0.6% |
| Year to date | +4.2% | +7.0% |
| 1-year return | +4.7% | +5.7% |
| 30-day volatility | 5.7% | 6.1% |
| Worst drawdown, 1 year | −4.5% | −3.7% |
| Trailing 12-month yield | 2.30% | 1.41% |
| Holdings | 1,983 | 128 |
| Top 10 weight | 83.6% | 70.2% |
| Look-through P/E | 206.6 | — |
| Holdings vs fair value | +16.1% | — |
| Holdings above 200-day average | 55% | — |
| Net flow, latest 3 reported months | −$3.6M thru May 2026 | +$28M thru Jul 2026 |
| 30-day implied volatility | 9.6% | 50.2% |
| Holdings as of | as of Oct 21, 2026issuer data | as of Jul 31, 2026SEC filing |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
0% of HDG · 0% of QAINo holdings in common.
Sector mix of the stock holdings
| Sector | HDG | QAI | Gap |
|---|---|---|---|
| Health Care | 3.1% | 0.0% | +3.1% |
| Financials | 3.0% | 0.0% | +3.0% |
| Industrials | 2.5% | 0.0% | +2.5% |
| Technology | 2.0% | 0.0% | +2.0% |
| Consumer Discretionary | 1.5% | 0.0% | +1.5% |
| Real Estate | 1.0% | 0.0% | +1.0% |
| Materials | 0.9% | 0.0% | +0.9% |
| Energy | 0.7% | 0.0% | +0.7% |
| Utilities | 0.6% | 0.0% | +0.6% |
| Communication Services | 0.3% | 0.0% | +0.3% |
| Consumer Staples | 0.2% | 0.0% | +0.2% |
| Other | 0.0% | 0.0% | +0.0% |
More: full overlap table · HDG holdings · QAI holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.