Systematic. Rules-based.
Independently calculated.
Available to license.
Qi Macro Indices are systematic, rules-based indices, each calculated and published
independently with a daily NAV and full position-level transparency. Quant Insight licenses
the index methodology and data; it does not manage assets, operate a fund or provide
investment advice.
Qi China Alpha (KCAIQI)
Long-only on large-cap China / Asia stocks. Published and independently calculated since August 2024, when the KCAI ETF listed on the NYSE.
Qi Macro Risk Premia (QiMRP)
Long-only macro risk premia on US large-cap stocks, calculated and published by Solactive.
Qi Market Neutral Alpha (QiMNA)
The market-neutral long/short extension of QiMRP, calculated and published by Solactive.
Qi Multi-Sector Alpha (QiMSA)
The same engine, run sector by sector for diversification. To be published in September 2026.
Qi Market Neutral Alpha
A systematic, market-neutral long/short index on the US large-cap universe.
Market-neutral, independent of direction
Two sub-portfolios — one macro, one idiosyncratic — are cross-cancelled against the market and levered to a risk target, giving a return stream with low correlation to equity markets.
Simulated annualised return, gross
Sharpe ratio · 2.18 Sortino
Correlation to the S&P 500
15.1% volatility · −15.0% maximum drawdown · 62% of months positive · 83% of rolling 12-month periods positive.
The index targets a risk level, with average gross exposure around 329%. Leverage amplifies index losses as well as gains.
Independently calculated by Solactive · daily NAV · full position-level transparency.
Qi Macro Risk Premia
A long-only, fully invested index that harvests the premium the market pays for macro risk.
Broad selection, not concentrated bets
Fully invested in US large-cap names, with a beta of ~1.0, a 10% single-stock cap and no leverage.
Simulated annualised excess return vs the S&P 500
Information ratio
Rolling 12-month periods outperformed
~3.2% tracking error · ~450 stocks · 30–35% monthly turnover.
Long-only and fully invested: the index carries the full drawdown of the underlying equity market.
Calculated by Solactive and published on Bloomberg from April 2026 · simulated, January 2016 – March 2026, gross of costs.
Benefits
Qi Macro Indices are transparent, rules-based benchmarks — independently calculated, with published methodology and a daily NAV. The points below describe the indices themselves.
Independently calculated
Each index is calculated and published independently by Solactive to a documented, rules-based methodology, with a daily NAV.
Fully transparent
Construction is rules-based with position-level transparency at the index level — no discretionary overrides and no style drift.
Market-neutral by construction
QiMNA is a systematic long/short index with a return stream largely independent of market direction — ~7% simulated correlation to the S&P 500.
Available to license
Offered as licensable index data and methodology under a simple licence. Quant Insight does not operate or market a fund and does not manage client assets.
Independently published
KCAIQI has been published and independently calculated on Bloomberg since the KCAI ETF listed on the NYSE in August 2024.
Systematic and rules-based
Selection and rebalancing follow fixed, published rules — repeatable, systematic and free of key-man dependency.
How it works
Macro Share of Risk
Proprietary modelling splits every stock’s total volatility into a macro share and an idiosyncratic share — the signal the strategy trades on.
Macro Premia Framework
Each month allocate to one of three states: Macro (high/rising MSR), Idio (low/falling MSR), or a Safety Buffer when signals are ambiguous.
Portable Alpha
Inside the Idio sleeve, tilt toward names whose entity-specific returns are already being realised.
Tail Guardrails
Override into low- or high-volatility portfolios when market-wide macro risk reaches its tails — risk management and convexity.
Return Stacking
Layer the engines into one long-only return stream — the shared base of every Macro Index.
Set the Product
Independent Publication — QiMRP
Solactive calculates and publishes the long-only index; you implement it in the wrapper of your choice.
Market-Neutral Cross-Cancellation — QiMNA
Cancel positions overlapping the S&P 500 and lever the residual long/short book to a risk target, run as a TRS on margin.
