BTAL vs. AUSF ETF Comparison

Comparison of QuantShares U.S. Market Neutral Anti Beta Fund ETF (BTAL) to Global X Adaptive U.S. Factor ETF (AUSF)

BTAL

QuantShares U.S. Market Neutral Anti Beta Fund ETF

BTAL Description

The investment seeks performance results that correspond to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Thematic Market Neutral Anti-Beta Index. The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stock, including the short positions, in the Target Anti-Beta Index. The Target Anti-Beta Index is a market neutral index that is dollar-neutral. As such, it identifies long and short securities positions of approximately equal dollar amounts. In choosing to track a market neutral index, the fund seeks to limit the effects of general market movements on the fund.

Grade (RS Rating)

Last Trade

$19.01

Average Daily Volume

445,126

Number of Holdings ^*

392

* may have additional holdings in another (foreign) market

AUSF

Global X Adaptive U.S. Factor ETF

AUSF Description

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Adaptive Wealth Strategies U.S. Factor Index (the "index"). The fund invests at least 80% of its total assets in the securities of the index. Its 80% investment policy is non-fundamental and requires 60 days prior written notice to shareholders before it can be changed. The index is designed to dynamically allocate across three sub-indices that provide exposure to U.S. equities that exhibit characteristics of one of three primary factors: value, momentum and low volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$44.62

Average Daily Volume

36,554

Number of Holdings ^*

190

* may have additional holdings in another (foreign) market

Performance

Period	BTAL	AUSF
30 Days	-4.57%	4.22%
60 Days	-3.16%	5.67%
90 Days	-3.70%	7.18%
12 Months	-6.81%	33.52%

85 Overlapping Holdings

Symbol	Grade	Weight in BTAL	Weight in AUSF	Overlap
ABBV	D	0.36%	0.14%	0.14%
ADP	B	0.46%	1.43%	0.46%
AGNC	D	-0.41%	0.49%	-0.41%
AKAM	D	0.36%	0.06%	0.06%
ALLY	C	-0.37%	0.52%	-0.37%
AMGN	D	0.37%	0.07%	0.07%
ARW	D	0.37%	0.43%	0.37%
AVT	C	0.42%	0.48%	0.42%
BG	F	0.4%	0.49%	0.4%
BWA	D	0.44%	0.48%	0.44%
CACI	D	0.42%	0.18%	0.18%
CB	C	0.45%	0.08%	0.08%
CBOE	B	0.43%	0.94%	0.43%
CE	F	-0.24%	0.29%	-0.24%
CFG	B	-0.49%	0.55%	-0.49%
CHD	B	0.47%	0.12%	0.12%
CHE	D	0.4%	0.5%	0.4%
CI	F	0.4%	0.08%	0.08%
CMA	A	-0.54%	0.55%	-0.54%
CME	A	0.47%	1.39%	0.47%
CNC	D	0.32%	0.5%	0.32%
COR	B	0.45%	1.51%	0.45%
CSCO	B	0.49%	1.41%	0.49%
DGX	A	0.45%	0.07%	0.07%
DINO	D	-0.39%	0.49%	-0.39%
DOX	D	0.43%	1.25%	0.43%
DUK	C	0.43%	0.1%	0.1%
ED	D	0.42%	0.08%	0.08%
EDR	A	0.46%	1.32%	0.46%
FMC	D	0.37%	0.45%	0.37%
GD	F	0.41%	1.33%	0.41%
HIG	B	0.45%	0.08%	0.08%
HON	B	0.47%	0.07%	0.07%
HPQ	B	0.45%	0.52%	0.45%
IBM	C	0.45%	1.37%	0.45%
INTC	D	-0.54%	0.54%	-0.54%
JNJ	D	0.42%	1.34%	0.42%
JNPR	F	0.39%	1.36%	0.39%
KHC	F	0.38%	0.43%	0.38%
KMI	A	0.56%	0.66%	0.56%
KO	D	0.37%	1.03%	0.37%
KR	B	0.47%	0.12%	0.12%
KRC	C	-0.46%	0.47%	-0.46%
L	A	0.45%	0.07%	0.07%
LMT	D	0.38%	1.4%	0.38%
LNC	B	-0.48%	0.52%	-0.48%
MCD	D	0.42%	0.7%	0.42%
MCK	B	0.51%	0.09%	0.09%
MMC	B	0.42%	1.42%	0.42%
MOS	F	0.38%	0.48%	0.38%
MSI	B	0.51%	0.09%	0.09%
NOC	D	0.4%	0.08%	0.08%
ORI	A	0.46%	0.1%	0.1%
OZK	B	-0.49%	0.54%	-0.49%
PCAR	B	0.51%	0.52%	0.51%
PFE	D	0.37%	0.43%	0.37%
PGR	A	0.45%	0.18%	0.18%
PKG	A	0.49%	0.09%	0.09%
PNW	B	0.45%	0.09%	0.09%
RF	A	-0.5%	0.55%	-0.5%
RNR	C	0.46%	0.47%	0.46%
ROP	B	0.45%	0.07%	0.07%
RSG	A	0.43%	1.56%	0.43%
RTX	C	0.43%	1.4%	0.43%
SNA	A	0.55%	0.1%	0.1%
SNX	C	0.41%	0.48%	0.41%
T	A	0.5%	1.9%	0.5%
TJX	A	0.43%	0.08%	0.08%
TMUS	B	0.49%	1.59%	0.49%
TRV	B	0.52%	0.12%	0.12%
UGI	A	-0.44%	0.48%	-0.44%
UNH	C	0.43%	0.08%	0.08%
UNM	A	0.57%	0.65%	0.57%
VICI	C	0.42%	0.48%	0.42%
VRSN	F	0.43%	0.08%	0.08%
VTRS	A	0.48%	0.56%	0.48%
VZ	C	0.44%	1.83%	0.44%
WBA	F	-0.4%	0.43%	-0.4%
WELL	A	0.5%	0.07%	0.07%
WM	A	0.45%	1.38%	0.45%
WRB	A	0.45%	0.09%	0.09%
X	C	0.43%	0.48%	0.43%
XOM	B	0.44%	0.08%	0.08%
YUM	B	0.43%	0.26%	0.26%
ZION	B	-0.53%	0.56%	-0.53%

BTAL Overweight 307 Positions Relative to AUSF

Symbol	Grade	Weight
MSTR	C	1.19%
BILL	A	0.68%
IBKR	A	0.62%
SFM	A	0.6%
LPLA	A	0.59%
PAYC	B	0.59%
HQY	B	0.58%
ALSN	B	0.56%
CFLT	B	0.56%
NWL	B	0.54%
BKR	B	0.53%
PCTY	B	0.53%
MKL	A	0.53%
WH	B	0.53%
BWXT	B	0.53%
TGNA	B	0.53%
FFIV	B	0.52%
FTNT	C	0.52%
TXRH	C	0.51%
RLI	B	0.51%
THG	A	0.51%
LNG	B	0.51%
BMY	B	0.51%
CHH	A	0.5%
XEL	A	0.5%
PNM	F	0.5%
ORLY	B	0.5%
AEE	A	0.49%
CINF	A	0.49%
G	B	0.49%
GILD	C	0.49%
ALL	A	0.48%
VFC	C	0.48%
SIGI	C	0.48%
FOXA	B	0.48%
RGA	A	0.48%
LULU	C	0.48%
AIZ	A	0.48%
AXS	A	0.48%
TDY	B	0.48%
BRO	B	0.47%
SBRA	C	0.47%
DBX	B	0.47%
PAYX	C	0.47%
GLW	B	0.47%
AON	A	0.47%
HEI	B	0.47%
CW	B	0.47%
RYAN	B	0.47%
DRI	B	0.46%
WEN	D	0.46%
SLGN	A	0.46%
LNT	A	0.46%
CF	B	0.46%
WEC	A	0.46%
UTHR	C	0.45%
CSX	B	0.45%
CMG	B	0.45%
REG	B	0.45%
AVB	B	0.45%
ARMK	B	0.45%
ADC	B	0.45%
WTW	B	0.45%
CHRW	C	0.45%
JAZZ	B	0.44%
ACN	C	0.44%
DECK	A	0.44%
EQR	B	0.44%
CMS	C	0.44%
CDP	C	0.44%
NEU	C	0.44%
DLB	B	0.43%
CLH	B	0.43%
ZI	D	0.43%
CTSH	B	0.43%
MSFT	F	0.43%
MUSA	A	0.43%
DD	D	0.43%
OHI	C	0.43%
ELS	C	0.43%
CCK	C	0.43%
MSM	C	0.43%
COLM	B	0.43%
FLO	D	0.42%
CXT	B	0.42%
GLPI	C	0.42%
EG	C	0.42%
HRB	D	0.41%
J	F	0.41%
WPC	D	0.41%
MKC	D	0.41%
OLLI	D	0.41%
PAG	B	0.41%
SAIC	F	0.4%
MSA	D	0.4%
TXT	D	0.4%
ASGN	F	0.39%
WTM	A	0.39%
AMCR	D	0.39%
O	D	0.39%
FANG	D	0.39%
CPB	D	0.38%
ON	D	0.38%
ACGL	D	0.38%
GIS	D	0.38%
ERIE	D	0.38%
OXY	D	0.38%
FCN	D	0.38%
MAN	D	0.37%
KBR	F	0.37%
GPC	D	0.37%
TNET	D	0.37%
DVN	F	0.37%
MUR	D	0.37%
ST	F	0.36%
MOH	F	0.36%
NEM	D	0.35%
MTCH	D	0.35%
FOXF	F	0.35%
HUM	C	0.34%
AZO	C	0.33%
ELV	F	0.33%
MDU	D	0.32%
SRPT	D	0.32%
BMRN	D	0.29%
AGL	F	0.16%
SMCI	F	-0.18%
SEDG	F	-0.19%
RUN	F	-0.21%
MRNA	F	-0.22%
CNXC	F	-0.23%
ENPH	F	-0.23%
MPWR	F	-0.24%
WOLF	F	-0.25%
TXG	F	-0.26%
NTLA	F	-0.27%
RKT	F	-0.29%
CELH	F	-0.29%
RIVN	F	-0.3%
OPEN	D	-0.3%
EL	F	-0.31%
TER	D	-0.33%
BRZE	C	-0.33%
COTY	F	-0.33%
AMKR	D	-0.34%
ELF	C	-0.35%
EFX	F	-0.35%
SHLS	F	-0.35%
ARWR	F	-0.35%
AES	F	-0.35%
LRCX	F	-0.36%
TFX	F	-0.36%
DKS	C	-0.37%
WMS	D	-0.37%
RGEN	D	-0.37%
NVCR	C	-0.38%
RIG	D	-0.38%
CNM	D	-0.38%
PLD	D	-0.39%
IDXX	F	-0.39%
KSS	F	-0.39%
ELAN	D	-0.39%
PINS	D	-0.4%
ARE	D	-0.4%
FND	C	-0.4%
MKSI	C	-0.4%
AMD	F	-0.4%
BLD	D	-0.4%
KMX	B	-0.4%
FBIN	D	-0.41%
ROIV	C	-0.41%
W	F	-0.41%
POWI	D	-0.41%
CRL	C	-0.41%
DNLI	D	-0.42%
CHX	C	-0.42%
AWK	D	-0.42%
FCX	D	-0.42%
CZR	F	-0.42%
UBER	D	-0.42%
CWEN	C	-0.42%
CSGP	D	-0.42%
MU	D	-0.43%
ILMN	D	-0.43%
CC	C	-0.43%
CRSP	D	-0.43%
MGM	D	-0.43%
ALGN	D	-0.43%
PATH	C	-0.43%
SSD	D	-0.43%
SEE	C	-0.44%
THO	B	-0.44%
BLDR	D	-0.44%
F	C	-0.44%
TRU	D	-0.44%
EW	C	-0.44%
RYN	D	-0.44%
APG	B	-0.44%
BBWI	D	-0.44%
TGT	F	-0.44%
TREX	C	-0.45%
NWE	B	-0.45%
D	C	-0.45%
DAR	C	-0.45%
CARR	D	-0.45%
MTDR	B	-0.45%
RMD	C	-0.45%
AVGO	D	-0.45%
OC	A	-0.46%
SMG	D	-0.46%
VEEV	C	-0.46%
BXP	D	-0.46%
LAMR	D	-0.46%
ZS	C	-0.46%
JLL	D	-0.46%
ANET	C	-0.46%
PENN	C	-0.46%
TOL	B	-0.47%
ROKU	D	-0.47%
HHH	B	-0.47%
SHW	A	-0.47%
TROW	B	-0.48%
NVDA	C	-0.48%
AXTA	A	-0.49%
USFD	A	-0.49%
PFGC	B	-0.49%
ITT	A	-0.49%
NRG	B	-0.49%
WAL	B	-0.49%
GH	B	-0.49%
SNAP	C	-0.49%
USB	A	-0.49%
NVT	B	-0.49%
TTD	B	-0.5%
NET	B	-0.5%
CAR	C	-0.51%
RMBS	C	-0.51%
PWR	A	-0.51%
GNRC	B	-0.51%
TT	A	-0.51%
CBRE	B	-0.51%
RBLX	C	-0.51%
RRC	B	-0.51%
LPX	B	-0.52%
CEG	D	-0.52%
COHR	B	-0.52%
PEN	B	-0.52%
ETN	A	-0.52%
IOT	A	-0.52%
URI	B	-0.52%
VNO	B	-0.52%
PYPL	B	-0.52%
ALB	C	-0.52%
DELL	C	-0.53%
MDB	C	-0.53%
AR	B	-0.53%
JHG	A	-0.53%
EXP	A	-0.53%
RH	B	-0.53%
FYBR	D	-0.53%
DKNG	B	-0.53%
SNV	B	-0.54%
BLK	C	-0.54%
FOUR	B	-0.54%
NTRS	A	-0.54%
XPO	B	-0.54%
CG	A	-0.55%
KKR	A	-0.55%
PNFP	B	-0.55%
WCC	B	-0.55%
AA	B	-0.56%
SCHW	B	-0.56%
DAY	B	-0.56%
Z	A	-0.56%
GME	C	-0.56%
EXPE	B	-0.56%
MRVL	B	-0.56%
TDOC	C	-0.56%
NTRA	B	-0.56%
BX	A	-0.57%
CRWD	B	-0.57%
GTLS	B	-0.58%
OWL	A	-0.58%
TPG	A	-0.58%
EQT	B	-0.59%
PODD	C	-0.59%
DASH	A	-0.59%
SAIA	B	-0.59%
SQ	B	-0.6%
LYV	A	-0.62%
LITE	B	-0.62%
DUOL	A	-0.63%
CCL	B	-0.63%
LYFT	C	-0.65%
VRT	B	-0.67%
CVNA	B	-0.68%
DAL	C	-0.68%
PTON	B	-0.69%
TSLA	B	-0.7%
TOST	B	-0.71%
COIN	C	-0.71%
HOOD	B	-0.72%
AXON	A	-0.74%
VST	B	-0.76%
SOFI	A	-0.79%
AFRM	B	-0.84%
PLTR	B	-0.87%

BTAL Underweight 105 Positions Relative to AUSF

Symbol	Grade	Weight
WMT	A	-1.56%
BSX	B	-1.54%
V	A	-1.51%
BRK.A	B	-1.5%
EA	A	-1.43%
ICE	C	-1.41%
LIN	D	-1.35%
ACI	C	-1.29%
MRK	F	-1.0%
BR	A	-0.84%
PG	A	-0.83%
DTM	B	-0.7%
PEP	F	-0.66%
MO	A	-0.65%
TPR	B	-0.63%
MARA	C	-0.62%
IP	B	-0.59%
OKE	A	-0.58%
SYF	B	-0.58%
FHN	A	-0.57%
WBS	A	-0.57%
UMBF	B	-0.56%
FNB	A	-0.56%
WHR	B	-0.55%
ONB	B	-0.55%
ABG	B	-0.55%
AL	B	-0.55%
PB	A	-0.55%
COLB	A	-0.55%
UBSI	B	-0.55%
HBAN	A	-0.55%
LAD	A	-0.55%
LBRDK	C	-0.54%
HPE	B	-0.54%
CADE	B	-0.54%
PVH	C	-0.53%
TAP	C	-0.53%
BEN	C	-0.53%
C	A	-0.53%
GM	B	-0.52%
AM	A	-0.52%
NOV	C	-0.52%
BCC	B	-0.51%
CIVI	D	-0.51%
SLG	B	-0.51%
CNH	C	-0.51%
CMCSA	B	-0.51%
CHRD	D	-0.5%
JXN	C	-0.5%
NXST	C	-0.49%
STWD	C	-0.49%
QGEN	D	-0.49%
CVS	D	-0.49%
HST	C	-0.49%
CRBG	B	-0.48%
RDN	C	-0.48%
EMN	D	-0.47%
SON	D	-0.47%
HOG	D	-0.47%
SOLV	C	-0.47%
ADM	D	-0.47%
TDG	D	-0.47%
M	D	-0.47%
RPRX	D	-0.47%
GAP	C	-0.47%
WU	D	-0.46%
BBY	D	-0.46%
LYB	F	-0.46%
MDT	D	-0.45%
CAG	D	-0.45%
LEA	D	-0.44%
SWKS	F	-0.43%
DOW	F	-0.42%
HII	D	-0.42%
OGN	D	-0.42%
TW	A	-0.14%
GRMN	B	-0.13%
COST	B	-0.12%
SO	D	-0.12%
VRSK	A	-0.1%
AAPL	C	-0.1%
GDDY	A	-0.1%
WMB	A	-0.1%
LDOS	C	-0.1%
AFL	B	-0.1%
ATR	B	-0.09%
AME	A	-0.09%
CVX	A	-0.09%
INGR	B	-0.08%
CAH	B	-0.08%
FI	A	-0.08%
HOLX	D	-0.08%
BDX	F	-0.08%
MA	C	-0.08%
MDLZ	F	-0.07%
FE	C	-0.07%
VRTX	F	-0.07%
CTLT	B	-0.07%
KMB	D	-0.07%
K	A	-0.07%
ECL	D	-0.07%
AJG	B	-0.07%
ATO	A	-0.07%
CL	D	-0.07%
REGN	F	-0.05%