IQIN
IQ 500 International ETF
IQIN tracks an index of developed market ex-US stocks. The index uses fundamental factors for selection and weighting.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
97.0 M
ASSETS UNDER MGMT
25 bp
EXPENSES
Fund Basics
| Fund sponsor | New York Life |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 12, 2018 |
| Assets (mns) | $97 |
| Expense ratio | 25 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-annual |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Fundamental |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TOYOTA MOTOR CORP | 1.3 % |
| GLENCORE INTERNATIONAL PLC | 1.3 % |
| DEUTSCHE TELEKOM AG | 1.1 % |
| NESTLE SA-REG | 1.1 % |
| ROCHE HOLDING AG-BR | 1.1 % |
| SHELL PLC | 1.0 % |
| DEUTSCHE POST AG-REG | 1.0 % |
| FIAT CHRYSLER AUTOMOBILES N.V. | 0.9 % |
| TOTAL SA | 0.9 % |
| LVMH MOET HENNESSY LOUIS VUI | 0.9 % |
Constituent Breakdown
| Number of holdings | 517 |
| Herfindahl-Hirschman Index | 38 |
| Wgt avg mkt cap (mns) | $58,264 |
| Large cap (>$10bn) | 79.8% |
| Mid cap ($2-10bn) | 18.8% |
| Small cap (<$2bn) | 0.4% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
JAPAN | 26.6 % |
 |
BRITAIN | 13.1 % |
 |
FRANCE | 11.9 % |
 |
GERMANY | 11.2 % |
 |
CANADA | 7.7 % |
 |
SWITZERLAND | 6.4 % |
 |
AUSTRALIA | 3.5 % |
 |
SPAIN | 3.3 % |
 |
ITALY | 2.9 % |
 |
NETHERLANDS | 2.8 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 0.6% | 12.9% | 15.8% | 2.9% | 6.6% | -- | 8.0% | Volatility | 12.6% | 12.7% | 13.9% | 16.3% | 20.1% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.85 | 68% |
| MSCI EAFE | 0.99 | 95% |
| MSCI Emg Mkts | 0.81 | 63% |
Liquidity Measures
| Avg. volume (000) | 13 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.15% |
| ADV of underlying (mns) | $52,502 |
Technical Indicators
| Recent close | $32.60 |
| 30d moving avg. | $34.30 |
| Annualized volatility | 17.9% |
| Relative strength (RSI) | 45 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. IQIN |
Expenses vs. IQIN |
ALTAR Score™ vs. IQIN |
|---|---|---|---|---|
| FNDF | Schwab Fundamental International Large Co. Index ETF | 58.5% | 0 bp | +0.6% |
| PXF | Invesco FTSE RAFI Developed Markets ex-U.S. ETF | 56.3% | +20 bp | -0.3% |
| GSIE | Goldman Sachs ActiveBeta International Equity ETF | 55.1% | 0 bp | -2.0% |
| JHMD | John Hancock Multifactor Developed International ETF | 54.5% | +14 bp | -1.5% |
| BKIE | BNY Mellon International Equity ETF | 54.0% | -21 bp | -2.1% |
| GSID | Goldman Sachs MarketBeta International Equity ETF | 51.8% | -5 bp | -2.3% |
| HFXI | IQ FTSE International Equity Currency Neutral ETF | 51.6% | -5 bp | -2.2% |
| DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 51.6% | +11 bp | -2.7% |
| EFA | iShares MSCI EAFE ETF | 49.5% | +10 bp | -2.3% |
| DOL | WisdomTree International LargeCap Dividend Fund | 48.8% | +23 bp | -1.3% |
Risk and Returns: IQIN vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/20/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
IQIN
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
IQIN
9.2%
Cat. Avg
7.3%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.3% and a standard deviation of
2.6%. IQIN's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places IQIN in the 77th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
IQINSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| IQIN (25 bp) Percentile rank | 23 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| IQIN | 25.0 | 14.5 | 39.5 |
| Peer Avg. | 35.0 | 18.4 | 53.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .