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MCRO IQ Hedge Macro Tracker ETF

2 lower fee alternatives found

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Fund MCRO IQ Hedge Macro Tracker ETF PERM Global X Permanent ETF IWPVX Voya Global Perspectives W  
100% 85% 85%
Annual Fees
(1.02% Exp. Ratio)
(0.58% Exp. Ratio)
(0.98% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 4.18% annual return
$25,147.33 $28,726.39 $25,454.00
Est. savings over 30 yrs +$3,579.07 +$306.67
As of 9/30/16
1 YR RETURN 4.49%
3 YR -0.20%
5 YR 0.60%
10 YR --
1 YR RETURN 11.65%
3 YR 4.06%
5 YR --
10 YR --
1 YR RETURN 8.89%
3 YR 4.16%
5 YR --
10 YR --
The investment seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of its underlying index, the IQ Hedge Macro Index. The fund is a "fund of funds" which means it invests, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the investments included in its underlying index, which includes underlying funds. The underlying index consists of a number of components ("underlying index Components") selected in accordance with IndexIQ's rules-based methodology of such underlying index.
The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Permanent Index ("underlying index"). The fund will invest at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the underlying index. The underlying index tracks the performance of four asset class categories that are designed to perform differently across different economic environments. The fund is non-diversified.
The investment seeks total return. Under normal market conditions, approximately 60% of the fund's net assets will be allocated to underlying funds that predominantly invest in equity securities, and approximately 40% of the fund's net assets will be allocated to underlying funds that predominantly invest in debt instruments, including U.S. government securities and money market instruments ("Target Allocation").

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.


FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.


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