BTAL vs. IETC ETF Comparison

Comparison of QuantShares U.S. Market Neutral Anti Beta Fund ETF (BTAL) to iShares Evolved U.S. Technology ETF (IETC)

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

$18.81

Average Daily Volume

315,953

Number of Holdings ^*

390

* may have additional holdings in another (foreign) market

IETC

iShares Evolved U.S. Technology ETF

IETC Description

The investment seeks to provide access to U.S. companies with technology exposure, as classified using a proprietary classification system. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets in U.S. listed common stock of large-, mid- and small-capitalization technology companies. It will hold common stock of those companies that fall into the Technology Evolved Sector which have economic characteristics that have been historically correlated with companies traditionally defined as technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$70.68

Average Daily Volume

35,946

Number of Holdings ^*

150

* may have additional holdings in another (foreign) market

Performance

Period	BTAL	IETC
30 Days	-1.05%	4.39%
60 Days	1.62%	0.68%
90 Days	4.04%	3.45%
12 Months	-6.88%	43.76%

55 Overlapping Holdings

Symbol	Grade	Weight in BTAL	Weight in IETC	Overlap
ABNB	D	-0.4%	0.11%	-0.4%
ALGN	F	-0.37%	0.0%	-0.37%
AON	F	0.4%	0.09%	0.09%
CACI	B	0.49%	0.13%	0.13%
CDW	D	0.37%	0.71%	0.37%
CFLT	D	0.37%	0.11%	0.11%
CME	D	0.39%	0.23%	0.23%
COIN	D	-0.42%	0.37%	-0.42%
CSCO	D	0.41%	2.23%	0.41%
CSGP	D	-0.44%	0.44%	-0.44%
DASH	D	-0.4%	0.14%	-0.4%
DLR	C	0.43%	0.07%	0.07%
DXC	F	-0.37%	0.04%	-0.37%
EA	F	0.37%	0.09%	0.09%
ENPH	D	-0.37%	0.04%	-0.37%
FTNT	F	0.35%	0.15%	0.15%
GLW	A	0.44%	0.03%	0.03%
HPQ	C	0.43%	0.15%	0.15%
HUBS	D	-0.38%	0.12%	-0.38%
IBM	D	0.39%	1.79%	0.39%
ILMN	F	-0.34%	0.04%	-0.34%
INTC	F	-0.28%	0.44%	-0.28%
IQV	D	-0.39%	0.15%	-0.39%
J	D	0.39%	0.06%	0.06%
JNPR	D	0.39%	0.06%	0.06%
LMT	B	0.44%	0.37%	0.37%
LPLA	C	0.42%	0.05%	0.05%
MMC	B	0.43%	0.22%	0.22%
MPWR	B	-0.37%	0.21%	-0.37%
MRVL	D	-0.41%	0.89%	-0.41%
MSFT	B	0.43%	10.13%	0.43%
MSI	A	0.46%	1.77%	0.46%
NET	F	-0.3%	0.33%	-0.3%
NTAP	B	0.51%	0.3%	0.3%
PAYC	F	0.4%	0.06%	0.06%
PINS	B	-0.46%	0.21%	-0.46%
PLTR	D	-0.36%	0.21%	-0.36%
RBLX	F	-0.31%	0.02%	-0.31%
RIVN	F	-0.38%	0.01%	-0.38%
ROL	B	0.45%	0.02%	0.02%
ROP	D	0.38%	0.09%	0.09%
SAIC	C	0.4%	0.06%	0.06%
SEE	C	-0.43%	0.03%	-0.43%
SLB	F	-0.41%	0.11%	-0.41%
SMAR	D	-0.39%	0.01%	-0.39%
SNAP	C	-0.61%	0.29%	-0.61%
SQ	D	-0.4%	0.11%	-0.4%
TDY	D	0.37%	0.05%	0.05%
TRU	B	-0.42%	0.14%	-0.42%
TTD	B	-0.44%	0.16%	-0.44%
UBER	D	-0.35%	0.21%	-0.35%
VEEV	D	-0.38%	0.1%	-0.38%
VRSK	B	0.42%	0.27%	0.27%
VRSN	F	0.38%	1.07%	0.38%
ZI	F	-0.31%	0.02%	-0.31%

BTAL Overweight 335 Positions Relative to IETC

Symbol	Grade	Weight
VST	B	0.79%
TPL	C	0.59%
EME	A	0.56%
FMC	C	0.54%
MKL	B	0.52%
SFM	B	0.52%
SNX	A	0.5%
MDU	B	0.5%
RGA	A	0.5%
FTI	B	0.5%
CLH	B	0.49%
RTX	B	0.49%
SO	B	0.49%
KR	D	0.49%
CW	B	0.49%
RDN	C	0.48%
WEC	C	0.47%
GD	B	0.47%
FANG	C	0.47%
AVT	B	0.47%
KBR	C	0.47%
LOPE	C	0.47%
CHRW	C	0.47%
ERIE	D	0.47%
EQR	B	0.47%
FOXA	C	0.47%
MCK	B	0.47%
HUBB	C	0.47%
XOM	B	0.47%
AEP	B	0.47%
ED	B	0.47%
EDR	A	0.47%
ACGL	B	0.47%
AMCR	B	0.47%
DCI	B	0.47%
DKS	D	0.47%
RYAN	B	0.47%
AXS	B	0.47%
DUK	A	0.47%
AVB	B	0.47%
PGR	C	0.47%
TXRH	B	0.46%
MUSA	A	0.46%
CASY	B	0.46%
PNW	C	0.46%
TGNA	C	0.46%
FLO	C	0.46%
KMI	A	0.46%
SLGN	C	0.45%
NOC	C	0.45%
HIG	B	0.45%
DGX	B	0.45%
BJ	B	0.45%
UNM	B	0.45%
ORI	B	0.45%
HEI	B	0.45%
DECK	C	0.45%
CVX	C	0.45%
GIS	C	0.45%
ELV	B	0.45%
ALL	D	0.45%
CPB	C	0.45%
HRB	B	0.45%
AMGN	B	0.45%
TSCO	B	0.45%
ATR	C	0.44%
HLT	D	0.44%
MSA	B	0.44%
CI	D	0.44%
O	C	0.44%
GPC	C	0.44%
OXY	D	0.44%
GPK	C	0.44%
WPC	C	0.44%
ADC	C	0.44%
EG	D	0.44%
SNA	D	0.44%
GE	C	0.44%
RNR	D	0.43%
TXT	D	0.43%
ORLY	D	0.43%
CB	B	0.43%
DG	D	0.43%
PFE	D	0.43%
BRO	A	0.43%
CHH	F	0.43%
UNH	C	0.43%
T	B	0.43%
PKG	C	0.43%
MPC	D	0.43%
L	C	0.43%
CTVA	C	0.43%
SBRA	C	0.43%
WEN	D	0.43%
NBIX	B	0.42%
RSG	D	0.42%
KHC	D	0.42%
YUM	C	0.42%
FCN	B	0.42%
RLI	C	0.42%
WM	D	0.42%
CHE	F	0.42%
MRK	B	0.42%
VZ	C	0.42%
PAG	C	0.42%
DLB	C	0.42%
HON	B	0.42%
PNM	D	0.42%
AIZ	D	0.41%
OHI	C	0.41%
DBX	D	0.41%
LIN	D	0.41%
CACC	D	0.41%
THG	C	0.41%
TRV	D	0.41%
GLPI	C	0.41%
TMUS	C	0.41%
LANC	D	0.41%
TJX	B	0.41%
VICI	C	0.41%
BWXT	D	0.41%
PTC	C	0.41%
COLD	D	0.4%
LLY	B	0.4%
CNC	B	0.4%
OLLI	D	0.4%
PCAR	D	0.4%
SRPT	C	0.4%
SIGI	F	0.4%
GWRE	A	0.4%
FOXF	D	0.4%
LSCC	F	0.39%
WH	F	0.39%
HUM	D	0.39%
WTM	D	0.39%
HQY	D	0.39%
MSM	D	0.39%
JNJ	D	0.39%
WRB	D	0.39%
ELS	D	0.39%
XEL	D	0.39%
ON	D	0.38%
WTW	D	0.38%
FFIV	D	0.38%
CBOE	D	0.38%
CF	F	0.38%
DOX	F	0.38%
CIEN	C	0.37%
ABBV	D	0.37%
MOH	F	0.37%
BMY	F	0.37%
GILD	F	0.37%
MCD	D	0.37%
CSX	D	0.37%
DRI	F	0.36%
KNX	F	0.36%
AGL	D	0.35%
CTSH	F	0.35%
NEU	D	0.35%
TNET	F	0.34%
CMG	C	0.34%
X	D	0.33%
ALKS	F	0.33%
AZO	D	0.31%
FIVE	F	0.29%
ULTA	F	0.29%
GL	F	0.28%
GEV	C	0.1%
DV	F	-0.18%
SHLS	F	-0.19%
TXG	F	-0.23%
CRSP	F	-0.25%
U	F	-0.27%
BRZE	F	-0.29%
ZS	F	-0.29%
CLVT	F	-0.29%
SAIA	F	-0.3%
SEDG	F	-0.3%
ARWR	F	-0.3%
OPEN	F	-0.31%
Z	F	-0.32%
UAA	F	-0.32%
SOFI	F	-0.33%
MDB	D	-0.33%
TDOC	F	-0.33%
PATH	D	-0.33%
FIVN	F	-0.34%
ELF	D	-0.34%
EXPE	F	-0.34%
DOCS	F	-0.34%
ALIT	F	-0.34%
PLD	F	-0.34%
WBA	F	-0.34%
SAM	F	-0.34%
THO	F	-0.35%
TSLA	D	-0.35%
CLF	F	-0.35%
DAY	F	-0.35%
RGEN	D	-0.35%
ODFL	F	-0.35%
COTY	F	-0.35%
AFRM	D	-0.35%
PVH	D	-0.35%
FCNCA	C	-0.36%
NTLA	D	-0.36%
CZR	F	-0.36%
TFX	D	-0.36%
LITE	D	-0.36%
ETSY	F	-0.36%
IDXX	C	-0.37%
EL	F	-0.37%
ROKU	D	-0.37%
SSD	D	-0.37%
FOUR	D	-0.37%
BLDR	D	-0.37%
RYN	F	-0.37%
CRL	D	-0.38%
CHWY	F	-0.38%
EXAS	F	-0.38%
EFX	C	-0.38%
PTON	D	-0.38%
CACC	D	-0.38%
COHR	D	-0.38%
TREX	D	-0.38%
SITE	D	-0.39%
VNO	D	-0.39%
BXP	C	-0.39%
CTLT	D	-0.39%
VLY	D	-0.39%
INSP	F	-0.39%
WOLF	F	-0.39%
MGM	F	-0.4%
WBS	D	-0.4%
BX	B	-0.4%
CCL	F	-0.4%
PENN	F	-0.4%
TPG	D	-0.4%
CG	D	-0.4%
KRC	D	-0.4%
XPO	D	-0.4%
ICUI	D	-0.41%
NCLH	F	-0.41%
DUOL	F	-0.41%
GXO	D	-0.41%
CC	C	-0.41%
PNFP	C	-0.41%
FYBR	B	-0.41%
APO	B	-0.41%
RUN	D	-0.41%
SWK	D	-0.42%
TROW	C	-0.42%
CBRE	C	-0.42%
PYPL	D	-0.43%
HAL	F	-0.43%
ALB	D	-0.43%
JHG	A	-0.43%
BLD	C	-0.43%
WMS	B	-0.43%
UGI	C	-0.43%
FND	C	-0.43%
JLL	A	-0.43%
CUZ	B	-0.43%
APG	D	-0.43%
ELAN	B	-0.43%
HOOD	C	-0.43%
TWLO	D	-0.43%
OWL	C	-0.43%
CE	D	-0.43%
MHK	C	-0.43%
AXON	D	-0.44%
NWE	C	-0.44%
OVV	D	-0.44%
TGT	D	-0.44%
KKR	A	-0.44%
LYFT	D	-0.44%
DKNG	C	-0.44%
URI	B	-0.44%
AMKR	C	-0.44%
SNV	B	-0.44%
USFD	B	-0.44%
BKH	C	-0.45%
WAL	C	-0.45%
PNR	B	-0.45%
NVCR	C	-0.45%
KEY	B	-0.45%
LAMR	A	-0.45%
CHX	D	-0.45%
OMF	C	-0.45%
MP	C	-0.45%
EXP	B	-0.45%
ALLY	B	-0.45%
CMA	B	-0.45%
MIDD	F	-0.45%
LNC	C	-0.45%
ITT	A	-0.45%
DAR	D	-0.45%
ARE	C	-0.45%
ZBRA	A	-0.46%
JEF	A	-0.46%
CAR	D	-0.46%
DOCU	C	-0.46%
NOV	F	-0.46%
RH	C	-0.46%
GH	C	-0.46%
AVA	C	-0.47%
ZION	B	-0.47%
AWK	C	-0.47%
RNG	C	-0.47%
D	B	-0.47%
OZK	C	-0.47%
PARA	D	-0.48%
SMG	D	-0.48%
GTLS	C	-0.49%
IOT	B	-0.49%
CFG	B	-0.49%
OC	B	-0.5%
RIG	D	-0.5%
WCC	B	-0.5%
CWEN	C	-0.51%
LPX	A	-0.51%
CELH	C	-0.52%
GNRC	C	-0.52%
DAL	B	-0.52%
ETRN	B	-0.52%
MRNA	C	-0.52%
AES	B	-0.53%
HCP	C	-0.54%
FCX	B	-0.56%
W	C	-0.56%
NTRA	B	-0.58%
AA	B	-0.6%
APP	C	-0.61%
MSTR	D	-0.62%
NRG	B	-0.65%
CVNA	C	-0.69%

BTAL Underweight 95 Positions Relative to IETC

Symbol	Grade	Weight
AVGO	A	-9.51%
NVDA	B	-8.59%
AMZN	C	-8.22%
CRM	D	-5.19%
ACN	F	-5.05%
ORCL	C	-3.55%
AAPL	B	-2.67%
GOOGL	B	-2.29%
META	D	-2.1%
GOOG	B	-1.96%
CDNS	D	-1.87%
NOW	C	-1.47%
ICE	B	-1.39%
ADBE	F	-1.08%
MANH	D	-1.0%
QCOM	B	-0.99%
MA	D	-0.83%
PH	B	-0.79%
AMD	D	-0.78%
EQIX	D	-0.66%
SPGI	C	-0.63%
SNOW	D	-0.59%
ADP	C	-0.58%
FDS	D	-0.57%
IT	D	-0.51%
TYL	B	-0.5%
CRWD	C	-0.5%
V	C	-0.49%
ANET	A	-0.4%
PANW	C	-0.38%
DELL	B	-0.38%
ZM	D	-0.38%
ANSS	D	-0.38%
MCO	B	-0.29%
TXN	A	-0.28%
FIS	A	-0.28%
BA	F	-0.27%
MU	B	-0.26%
CPAY	D	-0.26%
G	C	-0.24%
TTEK	B	-0.23%
BKNG	B	-0.22%
BAH	C	-0.2%
LRCX	C	-0.2%
SNPS	C	-0.2%
KLAC	A	-0.19%
BSY	B	-0.19%
QLYS	F	-0.18%
KEYS	C	-0.18%
VRT	A	-0.18%
WDAY	F	-0.18%
PAYX	B	-0.17%
SMCI	D	-0.16%
GPN	F	-0.16%
DDOG	D	-0.15%
NXPI	A	-0.15%
AKAM	F	-0.15%
QRVO	F	-0.15%
ADSK	F	-0.15%
JKHY	D	-0.14%
OMC	A	-0.14%
IRM	A	-0.13%
NSIT	A	-0.13%
TER	B	-0.12%
IPG	D	-0.11%
EBAY	B	-0.11%
MSCI	F	-0.1%
FICO	B	-0.1%
A	A	-0.1%
ASGN	C	-0.09%
SLAB	D	-0.08%
SSNC	B	-0.08%
TRMB	D	-0.08%
PSTG	A	-0.08%
NDAQ	C	-0.07%
BR	C	-0.07%
ROK	F	-0.07%
BBY	D	-0.06%
INTU	C	-0.06%
FBIN	D	-0.06%
DOCN	D	-0.05%
MMS	B	-0.05%
CPNG	C	-0.05%
APPN	F	-0.04%
OKTA	D	-0.04%
CL	B	-0.04%
AMRC	D	-0.04%
MRCY	D	-0.03%
XYL	A	-0.03%
BILL	F	-0.03%
APTV	D	-0.02%
TEAM	F	-0.01%
TOST	B	-0.01%
GDDY	A	-0.01%
FTV	D	-0.0%

IETC: Top Represented Industries & Keywords

Industries: Software - Application Business Services Semiconductors Software - Infrastructure Information Technology Services Internet Content & Information Capital Markets Computer Systems Diversified Industrials Scientific & Technical Instruments Semiconductor Equipment & Materials Communication Equipment Diagnostics & Research Engineering & Construction Financial Data & Stock Exchanges Specialty Retail Advertising Agencies Aerospace & Defense Credit Services Data Storage