- Last Ratings Update:10/31/2013
- Price as of 10/31/2013 :$24.56
- Net Assets:$39.4 Million
- Peer Rank:53 of 121
- Investment Rating:C+
We rate IQ US Real Estate SmCp ETF at C+. Positive factors that influence this rating include a low price volatility and low expense structure. The fund invests approximately 99% of its assets in stocks and may be considered for investors seeking a Growth & Income strategy.
POSITIVES AND RISKS
New Fund off to good start in the last year. The IQ US Real Estate SmCp ETF has returned an annual rate of 15.03% since inception. More recently, the fund has generated a total return of 18.81% in the last year, -5.67% in the last six months, and 2.91% in the last three months. How does that compare to other equity funds? In the last year, it has outperformed 66% of them for the period ending 10/31/2013. On a year to date basis, ROOF has returned 14.57%.
Downside risk has been below average. ROOF has a draw down risk of -20.51%, which is the largest price decline experienced since the inception of the fund. This fund has a one year standard deviation of 16.2%. This fund has had moderate volatility in its monthly performance over the last 12 months. As of 10/31/2013, the fund was trading at a price of $24.56, which is 2.0% below its 52-week high of $25.05 and 6.2% above its 52-week low of $23.13.
Low expense ratio helps performance. On total assets of $39.40 million, ROOF maintains a low expense ratio compared to its Growth & Income peers of just 0.69% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As ROOF is an exchange traded fund, it has no front end or back end load.
The IQ US Real Estate SmCp ETF is managed by Salvatore J. Bruno at IndexIQ Advisors LLC. This fund is one of 11 IndexIQ Advisors LLC exchange-traded funds launched since 3/24/2009 that we track.
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