AMENDMENT TO INVESTMENT ADVISORY AGREEMENT

      This amendment to the Investment Advisory Agreement (this
"Agreement"), dated as of February 2, 2009, by and between
IndexIQ ETF Trust, a Delaware trust (the "Trust"), and IndexIQ
Advisors LLC, a Delaware limited liability company (the
"Advisor") is entered into pursuant to Section 8 of the
Agreement and is effective as of May 3, 2016.
      WHEREAS, the Advisor and the Trust desire to amend the
Agreement in order to reflect the appointment of the Advisor
with respect to additional exchange-traded funds (the "Funds")
issued by the Trust;
      NOW, THEREFORE, in consideration of the mutual covenants
herein contained and effective upon the commencement of
operation of each of the Funds, Appendix A of the Agreement is
hereby amended and restated in the form of Appendix A attached
hereto.
      This Amendment, the Agreement, and the attachments to the
Agreement constitute the entire agreement between the parties
and supersede all prior agreements and understandings between
them relating to the subject matter hereof.  No modification of
the Agreement or this Amendment should be binding on either
party unless it is in writing and signed on behalf of each party
by a duly authorized representative.  This Amendment may be
executed in counterparts, each of which shall be deemed to be an
original and each of which, taken together, shall be deemed to
constitute one and the same instrument.
      In witness hereof, the parties hereto have caused this
Amendment to be executed by their duly authorized officers
effective as of the date set forth above.


INDEXIQ ETF TRUST

By:  _/s/ Adam Patti______
    Name:  Adam Patti
    Title:    Chairman


INDEXIQ ADVISORS LLC

By:  _/s/ David L. Fogel_
    Name:  David L. Fogel
    Title:    President



Appendix A
to
INVESTMENT ADVISORY AGREEMENT


Fund                                        Fee Rate
IQ Hedge Multi-Strategy Tracker ETF               0.75 %
IQ Hedge Macro Tracker ETF                    0.75 %
IQ Hedge Market Neutral Tracker ETF               0.75 %
IQ Global Resources ETF                         0.75 %
IQ Merger Arbitrage ETF                         0.75 %
IQ Real Return ETF                               0.48 %
IQ Australia Small Cap ETF                         0.69 %
IQ Canada Small Cap ETF                         0.69 %
IQ Global Agribusiness Small Cap ETF               0.75%
IQ Global Oil Small Cap ETF                        0.75%
IQ U.S. Real Estate Small Cap ETF                    0.69%
IQ Hedge Long/Short Tracker ETF                    0.75%
IQ Hedge Event-Driven Tracker ETF                    0.75%
IQ 50 Percent Hedged FTSE International ETF          0.35%
IQ 50 Percent Hedged FTSE Europe ETF               0.45%
IQ 50 Percent Hedged FTSE Germany ETF               0.45%
IQ 50 Percent Hedged FTSE Japan ETF                0.45%
IQ 50 Percent Hedged FTSE Emerging Markets ETF     0.65%
IQ Leaders Global Allocation Tracker ETF            0.45%
IQ Leaders Global Bond Tracker ETF                  0.50%
IQ US Target Volatility ETF                         0.50%
IQ International Target Volatility ETF               0.50%
IQ Emerging Markets Target Volatility ETF          0.65%
IQ Enhanced Core Bond U.S. ETF                    0.25%
IQ Enhanced Core Plus Bond U.S. ETF               0.25%