IQ MacKay Ultra Short Duration ETF
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$48.02
- Net Assets:$0 Million
- NAV:$47.92
- Premium0.21%
- Peer Rank:13 of 63
- Investment Rating:C+
- Performance:C-
- RiskB+
We rate IQ MacKay Ultra Short Duration at C+. Positive factors that influence this rating include a low expense structure. The fund may be considered for investors seeking a General Bd - Investment Grade strategy.
Total return ranks below peers over the last three years. The IQ MacKay Ultra Short Duration has returned an annual rate of 1.70% since inception. More recently, the fund has generated a total return of 2.05% in the last three years, 4.88% in the last year, and 2.96% in the last six months. How does that compare to other equity funds? In the last three years, it has outperformed 45% of them. It has also outpaced 27% of its competitors on a one year basis for the period ending 2/29/2024. On a year to date basis, ULTR has returned 0.78%.
Downside risk has been below average. ULTR has a draw down risk of -4.95%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 1.3%. This fund has had very little volatility in its monthly performance over the last 36 months.
Low expense ratio helps performance. As ULTR is an exchange traded fund, it has no front end or back end load.
The IQ MacKay Ultra Short Duration is managed by Thomas F. Musmanno at IndexIQ Advisors LLC. This fund is one of 16 IndexIQ Advisors LLC exchange-traded funds launched since 3/24/2009 that we track.