BTAL vs. GQRE ETF Comparison

Comparison of QuantShares U.S. Market Neutral Anti Beta Fund ETF (BTAL) to FlexShares Global Quality Real Estate Index Fund (GQRE)

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

$19.52

Average Daily Volume

609,571

Number of Holdings ^*

388

* may have additional holdings in another (foreign) market

GQRE

FlexShares Global Quality Real Estate Index Fund

GQRE Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Global Quality Real Estate IndexSM. The index is designed to measure the performance of companies that exhibit certain quality, valuation and momentum characteristics within a universe of publicly-traded equity securities of U.S. and non-U.S. real estate investment trusts and real estate companies. The fund will normally invest at least 80% of its total assets in the securities of the underlying index and in "ADRs" and "GDRs" based on the securities in its underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$62.76

Average Daily Volume

19,970

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BTAL	GQRE
30 Days	-2.50%	6.69%
60 Days	0.57%	9.26%
90 Days	-0.91%	16.11%
12 Months	-1.36%	24.89%

12 Overlapping Holdings

Symbol	Grade	Weight in BTAL	Weight in GQRE	Overlap
ADC	C	0.43%	1.0%	0.43%
AVB	B	0.44%	4.3%	0.44%
EQR	B	0.44%	3.44%	0.44%
KRC	B	-0.44%	0.51%	-0.44%
LAMR	B	-0.46%	1.44%	-0.46%
O	C	0.42%	0.44%	0.42%
PLD	C	-0.42%	3.32%	-0.42%
REG	C	0.44%	1.56%	0.44%
SBRA	C	0.47%	0.55%	0.47%
VICI	C	0.43%	2.59%	0.43%
VNO	B	-0.46%	0.73%	-0.46%
WELL	C	0.45%	1.33%	0.45%

BTAL Overweight 376 Positions Relative to GQRE

Symbol	Grade	Weight
T	C	0.47%
MKL	C	0.47%
ERIE	B	0.47%
TRV	C	0.46%
WPC	C	0.45%
ARMK	B	0.45%
FFIV	B	0.45%
NEU	D	0.45%
GILD	B	0.45%
MKC	C	0.45%
NWL	C	0.45%
RNR	C	0.45%
ORLY	C	0.45%
ZI	D	0.45%
MDU	C	0.45%
VZ	B	0.45%
IBM	B	0.45%
ALL	B	0.44%
PNW	C	0.44%
PNM	B	0.44%
PAYC	D	0.44%
CI	C	0.44%
GIS	B	0.44%
ED	C	0.44%
SAIC	C	0.44%
CACI	B	0.44%
ELV	C	0.44%
MSI	B	0.44%
KR	C	0.44%
ELS	C	0.44%
ROP	C	0.44%
THG	B	0.44%
XEL	B	0.44%
HEI	B	0.44%
UNM	B	0.43%
VFC	C	0.43%
EG	C	0.43%
MUSA	D	0.43%
TDY	B	0.43%
PKG	B	0.43%
AXS	B	0.43%
HQY	C	0.43%
GD	B	0.43%
MSFT	C	0.43%
CHD	D	0.43%
HIG	B	0.43%
FLO	C	0.43%
DRI	B	0.43%
OHI	B	0.43%
PAYX	C	0.43%
WEC	C	0.43%
MOH	D	0.43%
SIGI	D	0.43%
CPB	C	0.43%
ACGL	C	0.43%
JNJ	C	0.43%
CCK	A	0.43%
BMY	C	0.43%
DUK	C	0.43%
LNT	B	0.43%
PGR	B	0.43%
AMGN	B	0.43%
AEE	C	0.43%
PFE	C	0.43%
WEN	C	0.43%
OLLI	C	0.43%
CMS	C	0.43%
CB	B	0.43%
CME	C	0.43%
SFM	B	0.43%
RGA	C	0.43%
ADP	B	0.42%
KO	C	0.42%
DD	B	0.42%
CSCO	C	0.42%
TJX	B	0.42%
KMI	B	0.42%
HRB	C	0.42%
RYAN	D	0.42%
EDR	A	0.42%
CSX	D	0.42%
VRSN	D	0.42%
NEM	B	0.42%
LNG	C	0.42%
FTNT	C	0.42%
SLGN	B	0.42%
CTSH	C	0.42%
GLW	C	0.42%
WH	B	0.42%
AON	B	0.42%
FOXF	D	0.42%
PCAR	D	0.42%
VTRS	D	0.42%
ORI	B	0.42%
SNA	C	0.42%
DGX	B	0.42%
TGNA	D	0.42%
GLPI	C	0.42%
IBKR	B	0.42%
COLM	C	0.42%
ACN	C	0.42%
CBOE	C	0.42%
CINF	B	0.42%
FCN	D	0.42%
DBX	D	0.42%
DOX	C	0.42%
RLI	B	0.42%
CMG	C	0.42%
BRO	C	0.42%
TXRH	C	0.41%
PCTY	C	0.41%
BG	D	0.41%
HON	D	0.41%
MAN	C	0.41%
L	C	0.41%
MSA	D	0.41%
RSG	D	0.41%
CFLT	F	0.41%
ABBV	C	0.41%
WTW	C	0.41%
TMUS	C	0.41%
UNH	C	0.41%
ASGN	D	0.41%
JNPR	B	0.41%
G	C	0.41%
MSM	D	0.41%
CHH	C	0.41%
UTHR	C	0.41%
TXT	D	0.41%
CLH	A	0.41%
MCD	B	0.41%
MCK	F	0.41%
DLB	D	0.41%
AMCR	B	0.41%
CACC	F	0.41%
MMC	C	0.41%
WM	D	0.41%
KHC	C	0.41%
NOC	B	0.41%
WRB	C	0.41%
YUM	D	0.41%
RTX	C	0.41%
LULU	D	0.4%
GPC	D	0.4%
BWA	D	0.4%
X	F	0.4%
BKR	C	0.4%
LMT	C	0.4%
CHRW	B	0.4%
TNET	F	0.4%
BWXT	D	0.4%
MSTR	D	0.4%
FOXA	B	0.4%
AIZ	B	0.4%
CHE	C	0.4%
ALSN	B	0.4%
J	C	0.4%
FMC	C	0.4%
CNC	D	0.4%
CW	B	0.4%
CF	C	0.4%
AKAM	D	0.4%
SNX	D	0.39%
AVT	C	0.39%
PAG	D	0.39%
MTCH	C	0.39%
JAZZ	D	0.39%
XOM	C	0.39%
HPQ	D	0.39%
ARW	C	0.39%
BILL	D	0.39%
MUR	F	0.38%
HUM	F	0.38%
ST	D	0.38%
ON	D	0.38%
FANG	D	0.37%
DVN	F	0.37%
SRPT	D	0.37%
OXY	F	0.37%
LPLA	D	0.37%
DECK	C	0.37%
KBR	D	0.37%
MOS	F	0.36%
WTM	D	0.34%
BMRN	F	0.32%
AGL	F	0.32%
AZO	D	0.31%
WOLF	F	-0.28%
BRZE	F	-0.32%
ELF	F	-0.32%
ALLY	F	-0.33%
CNM	F	-0.34%
COIN	F	-0.34%
CELH	F	-0.35%
MPWR	C	-0.35%
ARWR	F	-0.36%
DAR	F	-0.36%
SEDG	F	-0.36%
SMCI	F	-0.36%
MU	F	-0.37%
RMBS	F	-0.37%
MRNA	F	-0.37%
MTDR	F	-0.37%
RIVN	F	-0.38%
CHX	F	-0.38%
OC	D	-0.38%
NVDA	D	-0.38%
RIG	F	-0.38%
DKS	D	-0.38%
GNRC	D	-0.38%
POWI	F	-0.38%
LRCX	F	-0.38%
ZS	F	-0.38%
THO	D	-0.39%
TER	D	-0.39%
CE	F	-0.39%
KMX	D	-0.39%
CC	F	-0.39%
RUN	C	-0.39%
PEN	D	-0.39%
XPO	D	-0.39%
EL	F	-0.39%
LNC	D	-0.39%
AMKR	F	-0.39%
BBWI	F	-0.39%
ENPH	D	-0.39%
PINS	F	-0.39%
MKSI	F	-0.39%
CNXC	F	-0.39%
CAR	F	-0.39%
ZION	D	-0.4%
RGEN	F	-0.4%
WBA	F	-0.4%
ELAN	D	-0.4%
TXG	D	-0.4%
FCX	D	-0.4%
WMS	D	-0.4%
COHR	C	-0.4%
GTLS	F	-0.4%
DINO	F	-0.4%
NTLA	F	-0.4%
PTON	C	-0.41%
OZK	D	-0.41%
NET	D	-0.41%
USB	B	-0.41%
ILMN	C	-0.41%
COTY	F	-0.41%
GH	D	-0.41%
TROW	D	-0.41%
CVNA	B	-0.41%
TGT	C	-0.41%
RF	B	-0.41%
NRG	C	-0.41%
GME	F	-0.41%
PATH	D	-0.41%
F	F	-0.41%
PNFP	B	-0.41%
KSS	F	-0.41%
CFG	C	-0.41%
APG	D	-0.41%
MGM	F	-0.41%
EXPE	C	-0.41%
PWR	B	-0.41%
AR	F	-0.42%
SCHW	D	-0.42%
AVGO	C	-0.42%
WCC	D	-0.42%
AMD	D	-0.42%
EFX	B	-0.42%
RKT	C	-0.42%
OPEN	D	-0.42%
JHG	B	-0.42%
NVCR	D	-0.42%
SMG	C	-0.42%
EW	F	-0.42%
RRC	D	-0.42%
UBER	C	-0.42%
AXTA	B	-0.42%
SSD	D	-0.42%
SNV	C	-0.42%
SQ	D	-0.42%
ITT	B	-0.42%
NVT	D	-0.42%
CRSP	F	-0.42%
PYPL	B	-0.42%
LITE	B	-0.42%
UGI	C	-0.42%
SEE	D	-0.42%
JLL	B	-0.43%
AGNC	B	-0.43%
WAL	B	-0.43%
OWL	C	-0.43%
EQT	D	-0.43%
LPX	B	-0.43%
DAY	D	-0.43%
CWEN	C	-0.43%
FOUR	C	-0.43%
TTD	B	-0.43%
DASH	C	-0.43%
CG	D	-0.43%
BLD	D	-0.43%
ANET	B	-0.43%
SNAP	F	-0.43%
NTRS	A	-0.43%
TREX	D	-0.43%
ETN	C	-0.43%
PFGC	B	-0.43%
ALB	D	-0.43%
CRWD	D	-0.43%
CSGP	D	-0.43%
CRL	F	-0.43%
AA	D	-0.43%
HHH	C	-0.43%
LYFT	D	-0.43%
AWK	B	-0.44%
VST	C	-0.44%
NWE	B	-0.44%
RYN	C	-0.44%
USFD	B	-0.44%
TRU	B	-0.44%
URI	B	-0.44%
D	C	-0.44%
CCL	C	-0.44%
RBLX	B	-0.44%
INTC	F	-0.44%
FND	C	-0.44%
TFX	C	-0.44%
KKR	B	-0.44%
TT	B	-0.44%
PENN	D	-0.44%
CBRE	A	-0.44%
HOOD	C	-0.44%
CZR	C	-0.44%
SOFI	C	-0.44%
CMA	B	-0.44%
DELL	D	-0.44%
CEG	C	-0.44%
TOST	C	-0.45%
LYV	B	-0.45%
VEEV	C	-0.45%
CARR	B	-0.45%
SHW	B	-0.45%
NTRA	C	-0.45%
ROKU	C	-0.45%
TSLA	C	-0.45%
RMD	C	-0.45%
BLDR	C	-0.45%
TOL	B	-0.45%
ALGN	D	-0.45%
MRVL	C	-0.45%
BLK	B	-0.45%
AES	C	-0.46%
BXP	B	-0.46%
BX	B	-0.46%
Z	B	-0.46%
AXON	B	-0.46%
ARE	C	-0.46%
VRT	C	-0.46%
IDXX	C	-0.46%
DKNG	C	-0.46%
IOT	B	-0.47%
EXP	B	-0.47%
DAL	C	-0.47%
W	D	-0.47%
DUOL	B	-0.47%
TDOC	D	-0.48%
TPG	B	-0.48%
SAIA	D	-0.48%
SHLS	D	-0.5%
PLTR	B	-0.5%
DNLI	C	-0.51%
PODD	B	-0.51%
RH	B	-0.52%
FYBR	C	-0.52%
MDB	D	-0.52%
AFRM	C	-0.57%

BTAL Underweight 51 Positions Relative to GQRE

Symbol	Grade	Weight
SPG	B	-5.22%
DLR	B	-4.99%
AMT	C	-2.83%
ESS	B	-2.6%
KIM	C	-2.09%
UDR	C	-1.89%
AMH	C	-1.74%
CPT	B	-1.71%
EQIX	C	-1.64%
CUBE	B	-1.57%
HST	C	-1.56%
NNN	C	-1.17%
FR	B	-0.97%
STAG	C	-0.94%
KRG	B	-0.76%
EPRT	B	-0.73%
IRM	C	-0.68%
PSA	B	-0.68%
IRT	B	-0.6%
CUZ	B	-0.58%
SLG	B	-0.57%
HASI	C	-0.5%
IIPR	B	-0.47%
EPR	B	-0.47%
NHI	C	-0.47%
BNL	B	-0.46%
HIW	B	-0.45%
SKT	B	-0.44%
NSA	B	-0.43%
APLE	D	-0.42%
WY	C	-0.42%
PK	D	-0.38%
UE	B	-0.34%
AKR	B	-0.32%
IVT	B	-0.29%
DBRG	D	-0.29%
EQC	C	-0.29%
JOE	C	-0.27%
ALEX	B	-0.26%
LTC	C	-0.26%
SHO	C	-0.26%
ESRT	B	-0.25%
PDM	B	-0.25%
AAT	B	-0.24%
NXRT	C	-0.24%
XHR	B	-0.24%
CSR	B	-0.23%
DRH	C	-0.23%
RLJ	D	-0.22%
CCI	C	-0.21%
HPP	D	-0.19%