IQSU
IQ Candriam U.S. Large Cap Equity ETF
IQSU tracks a proprietary index of US stocks selected by ESG criteria and weighted by market cap.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
390.9 M
ASSETS UNDER MGMT
9 bp
EXPENSES
Fund Basics
| Fund sponsor | New York Life |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 16, 2019 |
| Assets (mns) | $391 |
| Expense ratio | 9 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
| APPLE INC | 10.0 % |
| MICROSOFT CORP | 9.1 % |
| NVIDIA CORP | 5.0 % |
| ALPHABET INC. CLASS A | 2.6 % |
| TESLA MOTORS INC | 2.4 % |
| ALPHABET INC. CLASS C | 2.2 % |
| UNITEDHEALTH GROUP INC | 2.1 % |
| VISA INC. CLASS A | 1.7 % |
| PROCTER & GAMBLE CO/THE | 1.6 % |
| MASTERCARD INCORPORATED CLASS A | 1.5 % |
Constituent Breakdown
| Number of holdings | 298 |
| Herfindahl-Hirschman Index | 264 |
| Wgt avg mkt cap (mns) | $949,828 |
| Large cap (>$10bn) | 99.9% |
| Mid cap ($2-10bn) | 0.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.6% |
| Emerging mkts. | 0.4% |
Country Exposure
 |
UNITED STATES | 96.1 % |
 |
IRELAND | 1.7 % |
 |
BRITAIN | 1.3 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 20.6% | 26.1% | 22.4% | 9.5% | -- | -- | 16.2% | Volatility | 12.8% | 12.5% | 14.9% | 18.5% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.02 | 97% |
| MSCI EAFE | 0.86 | 68% |
| MSCI Emg Mkts | 0.64 | 38% |
Liquidity Measures
| Avg. volume (000) | 10 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.10% |
| ADV of underlying (mns) | $178,471 |
Technical Indicators
| Recent close | $49.02 |
| 30d moving avg. | $49.94 |
| Annualized volatility | 18.2% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 1.6% |
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. IQSU |
Expenses vs. IQSU |
ALTAR Score™ vs. IQSU |
|---|---|---|---|---|
| SNPE | Xtrackers S&P 500 ESG ETF | 72.7% | +1 bp | +0.2% |
| USSG | Xtrackers MSCI USA ESG Leaders Equity ETF | 68.7% | +1 bp | +0.3% |
| USNZ | Xtrackers Net Zero Pathway Paris Aligned US Equity ETF | 65.2% | +1 bp | +0.4% |
| CATH | Global X S&P 500 Catholic Values Custom ETF | 65.0% | +20 bp | +0.0% |
| JUST | Goldman Sachs JUST U.S. Large Cap Equity ETF | 65.0% | +11 bp | 0.0% |
| SUSL | iShares ESG MSCI USA Leaders ETF | 64.9% | +1 bp | +0.4% |
| DSI | iShares MSCI KLD 400 Social ETF | 64.8% | +16 bp | +0.2% |
| XVV | iShares ESG Screened S&P 500 ETF | 64.5% | -1 bp | +0.0% |
| SPXV | ProShares S&P 500 Ex-Health Care ETF | 64.1% | 0 bp | -0.2% |
| GSUS | Goldman Sachs MarketBeta U.S. Equity ETF | 63.3% | -2 bp | +0.0% |
Risk and Returns: IQSU 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 12/18/2024
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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
IQSU
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™
IQSU
5.0%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. IQSU's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places IQSU in the 39th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
IQSUSELL
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 |
| IQSU (9 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) |
|
|---|---|---|---|
| IQSU | 9.0 | 10.2 | 19.2 |
| Peer Avg. | 37.3 | 15.0 | 52.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .