IQ Global Resources ETFFind Ratings Reports
- Last Ratings Update:06/30/2016
- Price as of 06/30/2016 :$25.41
- Net Assets:$91.4 Million
- Peer Rank:11 of 121
- Investment Rating:C
We rate IQ Global Resources ETF at C. This overall rating indicates it is among the top 10% of all closed end funds in its peer group. Positive factors that influence this rating include a low expense structure. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking a Sector - Energy/Natural Res strategy.
POSITIVES AND RISKS
Total return ranks below peers over the last three years. The IQ Global Resources ETF has returned an annual rate of 1.70% since inception. More recently, the fund has generated a total return of -2.19% in the last five years, 1.97% in the last three years, and 3.75% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 24% of them. It has also outpaced 35% of its competitors on a three year basis and 65% of them over the last year for the period ending 6/30/2016. On a year to date basis, GRES has returned 23.75%.
Downside risk has been below average. GRES has a draw down risk of -30.72%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 15.0%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 6/30/2016, the fund was trading at a price of $25.41, which is 0.9% below its 52-week high of $25.64 and 6.2% above its 52-week low of $23.93.
Low expense ratio helps performance. As GRES is an exchange traded fund, it has no front end or back end load.
The IQ Global Resources ETF is managed by Greg Barrato at New York Life Investment Management. This fund is one of 14 New York Life Investment Management exchange-traded funds launched since 3/24/2009 that we track.