IQ U.S. Real Estate Small Cap ETFFind Ratings Reports
- Last Ratings Update:12/31/2016
- Price as of 12/31/2016 :$27.21
- Net Assets:$64.6 Million
- Peer Rank:36 of 127
- Investment Rating:B-
We rate IQ US Real Estate SmCp ETF at B-. Positive factors that influence this rating include a well above average total return, low price volatility, low expense structure and long term portfolio management tenure. The fund invests approximately 99% of its assets in stocks and may be considered for investors seeking a Growth & Income strategy.
POSITIVES AND RISKS
Total return ranks very high in comparison with peers over the last three years. The IQ US Real Estate SmCp ETF has returned an annual rate of 11.68% since inception. More recently, the fund has generated a total return of 14.86% in the last five years, 9.51% in the last three years, and 19.30% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 87% of them. It has also outpaced 78% of its competitors on a three year basis and 79% of them over the last year for the period ending 12/31/2016. On a year to date basis, ROOF has returned 19.30%.
Downside risk has been below average. ROOF has a draw down risk of -19.53%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 13.8%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 12/31/2016, the fund was trading at a price of $27.21, which is 3.0% below its 52-week high of $28.05 and 4.0% above its 52-week low of $26.16.
Low expense ratio helps performance. On total assets of $64.60 million, ROOF maintains a low expense ratio compared to its Growth & Income peers of just 0.70% 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 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.