ALTY vs. QAI ETF Comparison
Comparison of Global X SuperDividend Alternatives ETF (ALTY) to IQ Hedge MultiIQ Hedge Multi-Strategy Tracker ETF (QAI)
ALTY
Global X SuperDividend Alternatives ETF
ALTY Description
The investment seeks to track, before fees and expenses, the price and yield performance of the Indxx SuperDividend® Alternatives Index ("underlying index"). The fund invests 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 is comprised of securities that rank among the highest dividend yielding securities in each eligible category of alternative income investments, at the time of index reconstitution, as defined by the index provider. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$11.30
Average Daily Volume
12,769
18
QAI
IQ Hedge MultiIQ Hedge Multi-Strategy Tracker ETF
QAI Description
The investment seeks investment results that correspond generally to the price and yield performance of its underlying index, the IQ Hedge Multi-Strategy Index. The fund invests normally at least 80% of its net assets (excluding collateral held from securities lending), 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.Grade (RS Rating)
Last Trade
$30.58
Average Daily Volume
102,754
41
Performance
| Period | ALTY | QAI |
|---|---|---|
| 30 Days | -1.42% | -0.73% |
| 60 Days | 0.56% | 0.08% |
| 90 Days | 1.16% | 1.95% |
| 12 Months | 8.96% | 8.64% |
1 Overlapping Holdings
| Symbol | Grade | Weight in ALTY | Weight in QAI | Overlap | |
|---|---|---|---|---|---|
| PFFD | C | 20.16% | -0.08% | -0.08% |
ALTY Underweight 40 Positions Relative to QAI
| Symbol | Grade | Weight | |
|---|---|---|---|
| FLOT | A | -15.77% | |
| MUB | B | -3.6% | |
| SIVR | B | -0.0% | |
| GLDM | B | --0.01% | |
| SPHQ | D | --0.01% | |
| PIN | A | --0.01% | |
| FLJP | C | --0.01% | |
| VGLT | D | --0.02% | |
| CTA | A | --0.03% | |
| BBJP | C | --0.04% | |
| SCHG | C | --0.04% | |
| KMLM | B | --0.05% | |
| COMT | B | --0.05% | |
| VMBS | C | --0.07% | |
| MBB | C | --0.12% | |
| ARB | D | --0.17% | |
| DBMF | B | --0.18% | |
| SOXX | C | --0.18% | |
| HYLB | A | --0.23% | |
| MTUM | D | --0.3% | |
| PDBC | B | --0.34% | |
| DBA | B | --0.36% | |
| SRLN | A | --0.41% | |
| SCHR | D | --0.41% | |
| JEPI | D | --0.45% | |
| PFF | C | --0.47% | |
| BKLN | A | --0.53% | |
| JEPQ | C | --0.55% | |
| VTEB | B | --0.55% | |
| FXB | C | --0.57% | |
| ICVT | C | --0.57% | |
| STIP | A | --0.57% | |
| MNA | F | --0.71% | |
| FLRN | A | --0.86% | |
| UUP | A | --0.97% | |
| BIL | A | --1.05% | |
| CWB | C | --1.15% | |
| VGIT | D | --1.26% | |
| SGOV | B | --1.28% | |
| BWX | D | --2.08% |
ALTY: Top Represented Industries & Keywords
QAI: Top Represented Industries & Keywords
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