BTAL vs. FELG ETF Comparison

Comparison of QuantShares U.S. Market Neutral Anti Beta Fund ETF (BTAL) to Fidelity Enhanced Large Cap Growth ETF (FELG)

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

$18.97

Average Daily Volume

467,825

Number of Holdings ^*

392

* may have additional holdings in another (foreign) market

FELG

Fidelity Enhanced Large Cap Growth ETF

FELG Description

The fund will invest at least 80% of assets in common stocks included in the Russell 1000® Growth Index, which is a market capitalization-weighted index designed to measure the performance of the large-cap growth segment of the U.S. equity market. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.50

Average Daily Volume

217,755

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BTAL	FELG
30 Days	-2.59%	1.71%
60 Days	-1.84%	5.31%
90 Days	-2.74%	6.02%
12 Months	-5.88%	36.80%

30 Overlapping Holdings

Symbol	Grade	Weight in BTAL	Weight in FELG	Overlap
ABBV	F	0.36%	0.94%	0.36%
AMD	F	-0.4%	0.01%	-0.4%
ANET	C	-0.46%	0.83%	-0.46%
AVGO	D	-0.45%	3.11%	-0.45%
AXON	A	-0.74%	0.32%	-0.74%
BBWI	C	-0.44%	0.45%	-0.44%
BMY	B	0.51%	0.54%	0.51%
CMG	B	0.45%	0.77%	0.45%
CVNA	B	-0.68%	0.07%	-0.68%
DASH	B	-0.59%	0.72%	-0.59%
DBX	B	0.47%	0.43%	0.43%
FTNT	C	0.52%	0.65%	0.52%
GILD	C	0.49%	0.5%	0.49%
IDXX	F	-0.39%	0.39%	-0.39%
LMT	D	0.38%	0.62%	0.38%
LRCX	F	-0.36%	0.82%	-0.36%
LYFT	C	-0.65%	0.51%	-0.65%
MPWR	F	-0.24%	0.4%	-0.24%
MSFT	D	0.43%	10.23%	0.43%
MSI	B	0.51%	0.65%	0.51%
NOC	D	0.4%	0.49%	0.4%
NTRA	A	-0.56%	0.5%	-0.56%
NVDA	B	-0.48%	11.91%	-0.48%
SCHW	B	-0.56%	0.59%	-0.56%
SQ	A	-0.6%	0.66%	-0.6%
TJX	A	0.43%	0.77%	0.43%
TMUS	B	0.49%	0.5%	0.49%
TSLA	B	-0.7%	3.47%	-0.7%
TT	A	-0.51%	0.63%	-0.51%
UBER	F	-0.42%	0.98%	-0.42%

BTAL Overweight 362 Positions Relative to FELG

Symbol	Grade	Weight
MSTR	B	1.19%
BILL	A	0.68%
IBKR	A	0.62%
SFM	A	0.6%
LPLA	A	0.59%
PAYC	B	0.59%
HQY	A	0.58%
UNM	A	0.57%
ALSN	B	0.56%
KMI	A	0.56%
CFLT	B	0.56%
SNA	A	0.55%
NWL	C	0.54%
BKR	A	0.53%
PCTY	C	0.53%
MKL	A	0.53%
WH	B	0.53%
BWXT	B	0.53%
TGNA	B	0.53%
TRV	B	0.52%
FFIV	B	0.52%
TXRH	B	0.51%
RLI	A	0.51%
PCAR	B	0.51%
MCK	A	0.51%
THG	A	0.51%
LNG	A	0.51%
WELL	A	0.5%
CHH	A	0.5%
XEL	A	0.5%
PNM	B	0.5%
ORLY	B	0.5%
T	A	0.5%
CSCO	B	0.49%
AEE	A	0.49%
CINF	A	0.49%
G	B	0.49%
PKG	A	0.49%
ALL	A	0.48%
VFC	C	0.48%
SIGI	C	0.48%
FOXA	A	0.48%
RGA	A	0.48%
VTRS	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%
CHD	A	0.47%
PAYX	B	0.47%
GLW	B	0.47%
CME	B	0.47%
AON	A	0.47%
HON	C	0.47%
HEI	A	0.47%
KR	B	0.47%
CW	C	0.47%
RYAN	A	0.47%
EDR	A	0.46%
DRI	B	0.46%
WEN	D	0.46%
SLGN	A	0.46%
RNR	C	0.46%
LNT	A	0.46%
CF	A	0.46%
WEC	A	0.46%
ADP	A	0.46%
ORI	A	0.46%
UTHR	C	0.45%
WRB	A	0.45%
CB	C	0.45%
CSX	C	0.45%
REG	A	0.45%
AVB	B	0.45%
ARMK	B	0.45%
PGR	A	0.45%
WM	B	0.45%
IBM	C	0.45%
HIG	B	0.45%
COR	B	0.45%
ADC	A	0.45%
DGX	A	0.45%
WTW	B	0.45%
HPQ	B	0.45%
L	A	0.45%
ROP	B	0.45%
PNW	A	0.45%
CHRW	B	0.45%
XOM	B	0.44%
JAZZ	B	0.44%
ACN	B	0.44%
DECK	A	0.44%
EQR	C	0.44%
CMS	C	0.44%
BWA	D	0.44%
CDP	C	0.44%
VZ	C	0.44%
NEU	D	0.44%
CBOE	C	0.43%
DOX	D	0.43%
VRSN	C	0.43%
UNH	B	0.43%
DLB	B	0.43%
CLH	C	0.43%
ZI	D	0.43%
CTSH	B	0.43%
YUM	D	0.43%
MUSA	B	0.43%
DD	C	0.43%
RTX	D	0.43%
X	B	0.43%
RSG	A	0.43%
OHI	C	0.43%
ELS	C	0.43%
CCK	D	0.43%
DUK	C	0.43%
MSM	C	0.43%
COLM	C	0.43%
FLO	D	0.42%
AVT	C	0.42%
VICI	C	0.42%
JNJ	C	0.42%
MMC	B	0.42%
CACI	D	0.42%
CXT	C	0.42%
ED	C	0.42%
GLPI	C	0.42%
MCD	D	0.42%
EG	C	0.42%
HRB	D	0.41%
J	D	0.41%
WPC	C	0.41%
SNX	D	0.41%
MKC	C	0.41%
OLLI	D	0.41%
GD	D	0.41%
PAG	B	0.41%
BG	D	0.4%
SAIC	F	0.4%
CI	D	0.4%
CHE	D	0.4%
MSA	F	0.4%
TXT	D	0.4%
ASGN	F	0.39%
WTM	A	0.39%
AMCR	C	0.39%
O	C	0.39%
JNPR	D	0.39%
FANG	C	0.39%
KHC	F	0.38%
CPB	D	0.38%
ON	D	0.38%
ACGL	C	0.38%
GIS	D	0.38%
ERIE	D	0.38%
OXY	D	0.38%
MOS	F	0.38%
FCN	F	0.38%
FMC	D	0.37%
MAN	F	0.37%
KBR	F	0.37%
ARW	D	0.37%
KO	D	0.37%
GPC	D	0.37%
TNET	F	0.37%
PFE	F	0.37%
DVN	F	0.37%
AMGN	F	0.37%
MUR	D	0.37%
ST	F	0.36%
MOH	F	0.36%
AKAM	D	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%
CNC	D	0.32%
SRPT	F	0.32%
BMRN	F	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%
CE	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	F	-0.3%
EL	F	-0.31%
TER	F	-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	D	-0.35%
AES	F	-0.35%
TFX	F	-0.36%
DKS	D	-0.37%
WMS	F	-0.37%
RGEN	D	-0.37%
ALLY	C	-0.37%
NVCR	C	-0.38%
RIG	D	-0.38%
CNM	D	-0.38%
DINO	D	-0.39%
PLD	F	-0.39%
KSS	F	-0.39%
ELAN	D	-0.39%
PINS	F	-0.4%
WBA	F	-0.4%
ARE	F	-0.4%
FND	D	-0.4%
MKSI	C	-0.4%
BLD	D	-0.4%
KMX	B	-0.4%
FBIN	D	-0.41%
ROIV	C	-0.41%
AGNC	C	-0.41%
W	D	-0.41%
POWI	F	-0.41%
CRL	D	-0.41%
DNLI	D	-0.42%
CHX	C	-0.42%
AWK	C	-0.42%
FCX	F	-0.42%
CZR	F	-0.42%
CWEN	C	-0.42%
CSGP	D	-0.42%
MU	D	-0.43%
ILMN	C	-0.43%
CC	C	-0.43%
CRSP	D	-0.43%
MGM	D	-0.43%
ALGN	D	-0.43%
PATH	C	-0.43%
SSD	F	-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%
UGI	C	-0.44%
RYN	D	-0.44%
APG	B	-0.44%
TGT	F	-0.44%
TREX	C	-0.45%
NWE	B	-0.45%
D	C	-0.45%
DAR	C	-0.45%
CARR	C	-0.45%
MTDR	B	-0.45%
RMD	C	-0.45%
OC	A	-0.46%
SMG	C	-0.46%
VEEV	C	-0.46%
BXP	C	-0.46%
LAMR	C	-0.46%
ZS	B	-0.46%
KRC	B	-0.46%
JLL	D	-0.46%
PENN	C	-0.46%
TOL	B	-0.47%
ROKU	D	-0.47%
HHH	B	-0.47%
SHW	B	-0.47%
TROW	B	-0.48%
LNC	C	-0.48%
AXTA	B	-0.49%
OZK	B	-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	D	-0.49%
USB	A	-0.49%
CFG	B	-0.49%
NVT	B	-0.49%
RF	A	-0.5%
TTD	B	-0.5%
NET	B	-0.5%
CAR	C	-0.51%
RMBS	B	-0.51%
PWR	A	-0.51%
GNRC	C	-0.51%
CBRE	B	-0.51%
RBLX	C	-0.51%
RRC	B	-0.51%
LPX	B	-0.52%
CEG	C	-0.52%
COHR	B	-0.52%
PEN	B	-0.52%
ETN	A	-0.52%
IOT	A	-0.52%
URI	C	-0.52%
VNO	C	-0.52%
PYPL	B	-0.52%
ALB	B	-0.52%
DELL	B	-0.53%
ZION	B	-0.53%
MDB	B	-0.53%
AR	B	-0.53%
JHG	B	-0.53%
EXP	B	-0.53%
RH	C	-0.53%
FYBR	C	-0.53%
DKNG	B	-0.53%
INTC	C	-0.54%
SNV	C	-0.54%
BLK	B	-0.54%
FOUR	A	-0.54%
NTRS	A	-0.54%
XPO	B	-0.54%
CMA	B	-0.54%
CG	B	-0.55%
KKR	A	-0.55%
PNFP	B	-0.55%
WCC	B	-0.55%
AA	A	-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%
BX	A	-0.57%
CRWD	B	-0.57%
GTLS	A	-0.58%
OWL	A	-0.58%
TPG	A	-0.58%
EQT	B	-0.59%
PODD	C	-0.59%
SAIA	B	-0.59%
LYV	A	-0.62%
LITE	B	-0.62%
DUOL	A	-0.63%
CCL	A	-0.63%
VRT	B	-0.67%
DAL	B	-0.68%
PTON	A	-0.69%
TOST	B	-0.71%
COIN	C	-0.71%
HOOD	B	-0.72%
VST	A	-0.76%
SOFI	B	-0.79%
AFRM	A	-0.84%
PLTR	B	-0.87%

BTAL Underweight 49 Positions Relative to FELG

Symbol	Grade	Weight
AAPL	C	-12.05%
AMZN	C	-6.62%
META	D	-4.74%
GOOGL	C	-3.57%
GOOG	C	-2.52%
MA	B	-2.02%
NFLX	A	-1.81%
LLY	F	-1.54%
MRK	D	-1.35%
ADBE	C	-1.29%
V	A	-1.2%
QCOM	F	-1.12%
BKNG	A	-1.1%
AMAT	F	-0.94%
COST	A	-0.91%
KLAC	F	-0.79%
UNP	C	-0.74%
WDAY	B	-0.71%
ECL	D	-0.7%
CTAS	B	-0.66%
HD	B	-0.62%
CRM	B	-0.59%
EXEL	B	-0.57%
SPG	A	-0.56%
HWM	A	-0.55%
GRMN	B	-0.54%
ANF	F	-0.52%
NOW	A	-0.51%
ZM	C	-0.51%
INCY	C	-0.5%
ORCL	A	-0.46%
ALLE	C	-0.33%
CAT	B	-0.32%
APP	B	-0.31%
TW	A	-0.31%
TDC	D	-0.3%
MSCI	C	-0.26%
NU	C	-0.19%
CLX	A	-0.18%
PEP	F	-0.15%
SCCO	F	-0.14%
WMT	A	-0.13%
MEDP	D	-0.12%
INTU	B	-0.11%
BAH	F	-0.11%
ISRG	A	-0.1%
ZBRA	B	-0.09%
MORN	B	-0.07%
TPL	A	-0.03%