QAI: Hedge Fund Replication ETF With TIPs-Like Return And Risk

NYLI Hedge Multi-Strategy Tracker ETF offers hedge fund strategy replication via ETFs and swaps, with a 0.88% expense ratio. QAI currently emphasizes high-quality debt, notably floating-rate investment grade and short-duration Treasuries. QAI's long-term return, volatility, and drawdown closely match Treasury Inflation-Protected Securities, yet it is more correlated to the S&P 500.