IQSI
IQ Candriam International Equity ETF
IQSI tracks a proprietary index of developed-market stocks selected by ESG criteria and weighted by market-cap.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
191.6 M
ASSETS UNDER MGMT
15 bp
EXPENSES
Fund Basics
| Fund sponsor | New York Life |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 16, 2019 |
| Assets (mns) | $192 |
| Expense ratio | 15 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Principles-based |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ASML HOLDING NV | 3.2 % |
| NESTLE SA-REG | 2.4 % |
| ROCHE HOLDING AG-BR | 2.3 % |
| ASTRAZENECA PLC | 2.1 % |
| SAP AG | 2.0 % |
| TOYOTA MOTOR CORP | 1.9 % |
| NOVARTIS AG | 1.9 % |
| LVMH MOET HENNESSY LOUIS VUI | 1.7 % |
| UNILEVER PLC | 1.4 % |
| COMMONWEALTH BANK OF AUSTRAL | 1.3 % |
Constituent Breakdown
| Number of holdings | 620 |
| Herfindahl-Hirschman Index | 73 |
| Wgt avg mkt cap (mns) | $82,892 |
| Large cap (>$10bn) | 84.3% |
| Mid cap ($2-10bn) | 13.3% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 99.4% |
| Emerging mkts. | 0.6% |
Country Exposure
 |
JAPAN | 26.4 % |
 |
BRITAIN | 13.2 % |
 |
SWITZERLAND | 11.4 % |
 |
FRANCE | 9.0 % |
 |
AUSTRALIA | 8.5 % |
 |
GERMANY | 8.5 % |
 |
NETHERLANDS | 5.6 % |
 |
SWEDEN | 2.8 % |
 |
SPAIN | 2.1 % |
 |
HONG KONG | 2.1 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 8.2% | 21.9% | 18.5% | 2.4% | -- | -- | 7.0% | Volatility | 13.0% | 12.9% | 14.0% | 16.6% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.92 | 77% |
| MSCI EAFE | 1.00 | 96% |
| MSCI Emg Mkts | 0.82 | 63% |
Liquidity Measures
| Avg. volume (000) | 48 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.11% |
| ADV of underlying (mns) | $47,344 |
Technical Indicators
| Recent close | $28.81 |
| 30d moving avg. | $30.62 |
| Annualized volatility | 18.1% |
| Relative strength (RSI) | 43 |
| 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. IQSI |
Expenses vs. IQSI |
ALTAR Score™ vs. IQSI |
|---|---|---|---|---|
| GSID | Goldman Sachs MarketBeta International Equity ETF | 66.1% | +5 bp | +0.4% |
| EFAX | SPDR MSCI EAFE Fossil Fuel Free ETF | 64.5% | +5 bp | -0.1% |
| DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 61.4% | +21 bp | 0.0% |
| EFA | iShares MSCI EAFE ETF | 60.9% | +20 bp | +0.3% |
| HFXI | IQ FTSE International Equity Currency Neutral ETF | 60.3% | +5 bp | +0.5% |
| BKIE | BNY Mellon International Equity ETF | 59.3% | -11 bp | +0.5% |
| BBEU | JPMorgan BetaBuilders Europe ETF | 58.5% | -6 bp | +0.5% |
| EASG | Xtrackers MSCI EAFE ESG Leaders Equity ETF | 58.1% | -1 bp | -0.4% |
| ESGD | iShares ESG Aware MSCI EAFE ETF | 57.1% | +5 bp | +0.3% |
| DBEU | Xtrackers MSCI Europe Hedged Equity ETF | 56.9% | +31 bp | -0.2% |
Risk and Returns: IQSI 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 11/15/2024
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
IQSI
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
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
IQSI
6.6%
Cat. Avg
7.4%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.4% and a standard deviation of
2.6%. IQSI's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places IQSI in the 39th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
IQSISELL
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 |
| IQSI (15 bp) Percentile rank | 13 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| IQSI | 15.0 | 11.0 | 26 |
| Peer Avg. | 35.0 | 18.4 | 53.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .