IVOL vs. GAA ETF Comparison

Comparison of Quadratic Interest Rate Volatility and Inflation Hedge ETF (IVOL) to Cambria Global Asset Allocation ETF (GAA)

IVOL

Quadratic Interest Rate Volatility and Inflation Hedge ETF

IVOL Description

The investment seeks to hedge the risk of increased fixed income volatility and rising inflation and to profit from rising long-term interest rates or falling short-term interest rates, often referred to as a steepening of the U.S. interest rate curve, while providing inflation-protected income. The fund is actively managed and seeks to achieve its investment objective primarily by investing, directly or indirectly, in a mix of U.S. Treasury Inflation-Protected Securities ("TIPS") and long options tied to the shape of the U.S. interest rate curve. It is non-diversified.

Grade (RS Rating)

Last Trade

$18.54

Average Daily Volume

324,009

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GAA

Cambria Global Asset Allocation ETF

GAA Description

The investment seeks to track the performance, before fees and expenses, of the Cambria Global Asset Allocation Index. Under normal market conditions, the fund invests at least 80% of its total assets in the components of the underlying index or in depositary receipts representing components of the underlying index. The underlying index is designed to provide diversified exposure, including inverse exposure, to all of the major world asset classes in the various regions, countries and sectors around the globe.

Grade (RS Rating)

Last Trade

$29.08

Average Daily Volume

6,017

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IVOL	GAA
30 Days	0.14%	2.23%
60 Days	-2.09%	2.66%
90 Days	-5.04%	5.23%
12 Months	-15.73%	14.02%

1 Overlapping Holdings

	Symbol	Grade	Weight in IVOL	Weight in GAA	Overlap
	SCHP	B	80.19%	2.6%	2.6%

IVOL Overweight 0 Positions Relative to GAA

	Symbol	Grade	Weight

IVOL Underweight 18 Positions Relative to GAA

Symbol	Grade	Weight
EYLD	B	-10.32%
SYLD	C	-6.54%
GVAL	A	-6.15%
PDBC	B	-6.09%
FYLD	A	-4.91%
QMOM	A	-4.84%
VAMO	B	-4.39%
HYEM	A	-3.89%
BAR	B	-3.78%
JPMB	A	-2.92%
VCIT	B	-2.88%
WIP	C	-2.38%
IMOM	D	-2.02%
IHY	A	-1.94%
VGIT	B	-1.88%
VGLT	C	-1.82%
GDX	B	-1.07%
BOXX	A	-0.96%

IVOL: Top Represented Industries & Keywords

Industries:

Keywords: Bond Bond Market Indices ETF Exchange Traded Fund Fixed Income Fixed Income Analysis Inflation Merrill Lynch U.S. Treasury Yield

GAA: Top Represented Industries & Keywords

Industries: