HFXI

IQ FTSE International Equity Currency Neutral ETF

The IQ 50 Percent Hedged FTSE International ETF tracks a vanilla index of large- and midcap companies located in developed nations outside of North America, with roughly half of its foreign currency exposure hedged into the U.S. dollar.


International

EQUITY

Rules-Based

MANAGEMENT STYLE

823.6 M

ASSETS UNDER MGMT

20 bp

EXPENSES
Fund Basics
Fund sponsorIndexIQ
CategoryInternational
Asset classEquity
Websitelink...
Inception dateJul 22, 2015
Assets (mns)$824
Expense ratio20 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-End Investment Company
DistributionsQuarterly
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
NOVO NORDISK A/S-B 2.1 %
ASML HOLDING NV 1.9 %
SAMSUNG ELECTRONICS CO LTD 1.5 %
NESTLE SA-REG 1.4 %
ROCHE HOLDING AG-BR 1.4 %
ASTRAZENECA PLC 1.3 %
SAP AG 1.2 %
SHELL PLC 1.2 %
TOYOTA MOTOR CORP 1.2 %
NOVARTIS AG 1.2 %
Constituent Breakdown
Number of holdings845
Herfindahl-Hirschman Index 43
Wgt avg mkt cap (mns)$83,827
Large cap (>$10bn)85.1%
Mid cap ($2-10bn)13.1%
Small cap (<$2bn)0.5%
Developed mkts.95.0%
Emerging mkts.4.8%
Country Exposure
JAPAN 23.4 %
BRITAIN 13.7 %
SWITZERLAND 9.6 %
FRANCE 9.3 %
GERMANY 7.8 %
AUSTRALIA 6.9 %
NETHERLANDS 5.0 %
SOUTH KOREA 4.8 %
DENMARK 3.1 %
SWEDEN 3.0 %
Historical Performance


Standardized Performance (as of 11/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 8.8% 13.4% 12.6% 6.9% 7.8% -- 6.4%
Volatility 11.8% 11.6% 12.4% 14.7% 18.8% -- --
Market Correlations
versus...BetaR-squared
S&P 5000.7378%
MSCI EAFE0.8194%
MSCI Emg Mkts0.6560%
Liquidity Measures
Avg. volume (000)125
Turnover0.4%
Avg. Bid/Ask (% of price)0.19%
ADV of underlying (mns)$47,390
Technical Indicators
Recent close$26.87
30d moving avg.$27.28
Annualized volatility14.6%
Relative strength (RSI)46
Short interest (ETF)0.1%
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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Risk and Returns: HFXI 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 -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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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 --%
1.1 13.1 1.5 3.6% --
Based on closing prices from 12/13/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
HFXI



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™

HFXI

7.0%

Cat. Avg

7.2%


ALTAR Score™ Calculation

Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™ of 7.2% and a standard deviation of 2.6%. HFXI's ALTAR Score™ is approximately 0.1 standard deviations below the category average. This places HFXI in the 46th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

HFXI
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
International Equity ETFs
# of ETFs 152
Avg. Expense Ratio 42.9 bp
Std. Deviation 24.3 bp
HFXI (20 bp) Percentile rank 18
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
HFXI 20.0 19.2 39.2
Peer Avg. 35.6 19.0 54.6
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .