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
220.5 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) | $221 |
| 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 | 1.4 % |
| COMFORT SYSTEMS USA INC | 1.3 % |
| INSMED INC | 1.3 % |
| TAPESTRY, INC. | 1.3 % |
| INSULET CORP | 1.3 % |
| FLEXTRONICS INTL LTD | 1.2 % |
| GUIDEWIRE SOFTWARE INC | 1.1 % |
| PACKAGING CORP OF AMERICA | 1.0 % |
| BURLINGTON STORES INC | 1.0 % |
| F5 NETWORKS INC | 1.0 % |
Constituent Breakdown
| Number of holdings | 218 |
| Herfindahl-Hirschman Index | 70 |
| Wgt avg mkt cap (mns) | $12,958 |
| Large cap (>$10bn) | 54.7% |
| Mid cap ($2-10bn) | 43.8% |
| Small cap (<$2bn) | 0.4% |
| Developed mkts. | 98.7% |
| Emerging mkts. | 1.0% |
Country Exposure
 |
UNITED STATES | 101.5 % |
 |
BRITAIN | 1.9 % |
 |
BERMUDA | 1.4 % |
 |
SINGAPORE | 1.2 % |
 |
CHINA | 0.9 % |
 |
CAYMAN ISLANDS | 0.7 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 5.0% | 4.5% | 16.8% | 9.2% | -- | -- | -- | 9.7% |
| Dividend Yield | 0.0% | 0.0% | 0.7% | 0.9% | -- | -- | -- | 0.9% |
| Total Returns | 5.0% | 4.5% | 17.5% | 10.1% | -- | -- | -- | 10.5% | Ann. Volatility | 21.5% | 20.9% | 18.4% | 18.5% | -- | -- | -- | 18.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.26 | 79% |
| MSCI EAFE | 0.84 | 42% |
| MSCI Emg Mkts | 0.68 | 24% |
Liquidity Measures
| Avg. volume (000) | 9 |
| ADV traded (mns) | $0 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.17% |
Technical Indicators
| Recent close | $34.10 |
| 30d moving avg. | $33.99 |
| Annualized volatility | 17.5% |
| Relative strength (RSI) | 52 |
| Short interest | 0.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| BKMC | BNY Mellon US Mid Cap Core Equity ETF | 60.8% | -11 bp | +6.0% |
| MIDE | Xtrackers S&P MidCap 400 ESG ETF | 49.5% | 0 bp | +8.1% |
| XJH | iShares ESG Screened S&P Mid-Cap ETF | 45.0% | -3 bp | +7.3% |
| MDY | SPDR S&P Midcap 400 ETF Trust | 42.8% | +9 bp | +7.2% |
| IJH | iShares Core S&P Mid-Cap ETF | 42.7% | -10 bp | +7.4% |
| IVOO | Vanguard S&P Mid-Cap 400 ETF | 40.8% | -8 bp | +7.4% |
| SPMD | SPDR Portfolio S&P 400 Mid Cap ETF | 40.8% | -12 bp | +7.3% |
| BBMC | JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | 40.6% | -8 bp | +5.8% |
| IJK | iShares S&P Mid-Cap 400 Growth ETF | 40.4% | +2 bp | +5.9% |
| STXM | Strive Mid-Cap ETF | 40.2% | +3 bp | +6.4% |
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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 11/1/2025
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
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
6.1%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 997 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.4%. IQSM's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places IQSM in the 58th 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 | 627 |
| Avg. Expense Ratio | 46.1 bp |
| Std. Deviation | 32.8 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 | 17.4 | 32.4 |
| Peer Avg. | 46.1 | 15.6 | 61.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .