IQSM
IQ Candriam U.S. Mid Cap Equity ETF
IQSM tracks a market cap-weighted index that provides exposure to US mid-cap stocks that meet environmental, social, and corporate governance criteria.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
240.1 M
ASSETS UNDER MGMT
15 bp
EXPENSES
Fund Basics
| Fund sponsor | New York Life |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 25, 2022 |
| Assets (mns) | $240 |
| 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
| REGAL BELOIT CORP | 1.1 % |
| GODADDY, INC. CLASS A | 1.0 % |
| PACKAGING CORP OF AMERICA | 1.0 % |
| EMCOR GROUP INC | 0.9 % |
| MASCO CORP | 0.9 % |
| NORTONLIFELOCK INC | 0.9 % |
| BURLINGTON STORES INC | 0.9 % |
| MANHATTAN ASSOCIATES INC | 0.9 % |
| OWENS CORNING | 0.9 % |
| UNITED THERAPEUTICS CORP | 0.9 % |
Constituent Breakdown
| Number of holdings | 219 |
| Herfindahl-Hirschman Index | 55 |
| Wgt avg mkt cap (mns) | $11,316 |
| Large cap (>$10bn) | 62.3% |
| Mid cap ($2-10bn) | 37.6% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 92.6 % |
 |
BRITAIN | 2.1 % |
 |
BERMUDA | 1.3 % |
 |
IRELAND | 1.0 % |
 |
SINGAPORE | 0.7 % |
 |
NETHERLANDS | 0.5 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 9.3% | 32.1% | -- | -- | -- | -- | 15.7% | Volatility | 14.8% | 15.7% | 17.2% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.32 | 80% |
| MSCI EAFE | 1.11 | 78% |
| MSCI Emg Mkts | 1.03 | 56% |
Liquidity Measures
| Avg. volume (000) | 16 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.22% |
| ADV of underlying (mns) | $24,100 |
Technical Indicators
| Recent close | $34.30 |
| 30d moving avg. | $32.84 |
| Annualized volatility | 18.7% |
| Relative strength (RSI) | 53 |
| 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. IQSM |
Expenses vs. IQSM |
ALTAR Score™ vs. IQSM |
|---|---|---|---|---|
| BKMC | BNY Mellon US Mid Cap Core Equity ETF | 57.6% | -11 bp | -0.1% |
| STXM | Strive Mid-Cap ETF | 46.3% | +3 bp | +0.3% |
| MIDE | Xtrackers S&P MidCap 400 ESG ETF | 45.5% | 0 bp | +1.0% |
| XJH | iShares ESG Screened S&P Mid-Cap ETF | 42.0% | -3 bp | +0.7% |
| SCHM | Schwab U.S. Mid-Cap ETF | 40.8% | -11 bp | +0.2% |
| MDY | SPDR S&P Midcap 400 ETF Trust | 40.3% | +9 bp | +0.4% |
| IJH | iShares Core S&P Mid-Cap ETF | 40.2% | -10 bp | +0.6% |
| SPMD | SPDR Portfolio S&P 400 Mid Cap ETF | 39.0% | -12 bp | +0.6% |
| IVOO | Vanguard S&P Mid-Cap 400 ETF | 38.9% | -5 bp | +0.6% |
| QVMM | Invesco S&P MidCap 400 QVM Multi-factor ETF | 38.6% | 0 bp | +0.9% |
Risk and Returns: IQSM 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 11/21/2024
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
IQSM
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
IQSM
5.7%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. IQSM's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places IQSM in the 55th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
IQSMSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| IQSM (15 bp) Percentile rank | 17 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| IQSM | 15.0 | 22.2 | 37.2 |
| Peer Avg. | 29.7 | 13.9 | 43.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .