BTAL vs. SPMD ETF Comparison

Comparison of QuantShares U.S. Market Neutral Anti Beta Fund ETF (BTAL) to SPDR Portfolio Mid Cap ETF (SPMD)

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

SPMD

SPDR Portfolio Mid Cap ETF

SPMD Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P 1000 Index. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the small- and mid-capitalization segments of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$58.61

Average Daily Volume

1,189,171

Number of Holdings ^*

392

* may have additional holdings in another (foreign) market

Performance

Period	BTAL	SPMD
30 Days	-4.57%	7.11%
60 Days	-3.16%	7.29%
90 Days	-3.70%	8.21%
12 Months	-6.81%	32.98%

127 Overlapping Holdings

Symbol	Grade	Weight in BTAL	Weight in SPMD	Overlap
AA	B	-0.56%	0.35%	-0.56%
ADC	B	0.45%	0.25%	0.25%
ALLY	C	-0.37%	0.33%	-0.37%
AMKR	D	-0.34%	0.1%	-0.34%
AR	B	-0.53%	0.29%	-0.53%
ARMK	B	0.45%	0.34%	0.34%
ARW	D	0.37%	0.2%	0.2%
ARWR	F	-0.35%	0.09%	-0.35%
ASGN	F	0.39%	0.14%	0.14%
AVT	C	0.42%	0.15%	0.15%
AXTA	A	-0.49%	0.29%	-0.49%
BLD	D	-0.4%	0.36%	-0.4%
BMRN	D	0.29%	0.41%	0.29%
BWXT	B	0.53%	0.39%	0.39%
CACI	D	0.42%	0.36%	0.36%
CAR	C	-0.51%	0.06%	-0.51%
CC	C	-0.43%	0.1%	-0.43%
CCK	C	0.43%	0.35%	0.35%
CDP	C	0.44%	0.11%	0.11%
CELH	F	-0.29%	0.14%	-0.29%
CG	A	-0.55%	0.35%	-0.55%
CHE	D	0.4%	0.28%	0.28%
CHH	A	0.5%	0.11%	0.11%
CHX	C	-0.42%	0.19%	-0.42%
CLH	B	0.43%	0.42%	0.42%
CNM	D	-0.38%	0.27%	-0.38%
CNXC	F	-0.23%	0.06%	-0.23%
COHR	B	-0.52%	0.51%	-0.52%
COLM	B	0.43%	0.09%	0.09%
COTY	F	-0.33%	0.09%	-0.33%
CW	B	0.47%	0.46%	0.46%
CXT	B	0.42%	0.09%	0.09%
DAR	C	-0.45%	0.22%	-0.45%
DBX	B	0.47%	0.22%	0.22%
DINO	D	-0.39%	0.23%	-0.39%
DKS	C	-0.37%	0.38%	-0.37%
DLB	B	0.43%	0.14%	0.14%
DUOL	A	-0.63%	0.4%	-0.63%
ELF	C	-0.35%	0.23%	-0.35%
ELS	C	0.43%	0.44%	0.43%
EXP	A	-0.53%	0.34%	-0.53%
FBIN	D	-0.41%	0.31%	-0.41%
FCN	D	0.38%	0.23%	0.23%
FLO	D	0.42%	0.14%	0.14%
FND	C	-0.4%	0.36%	-0.4%
FYBR	D	-0.53%	0.25%	-0.53%
G	B	0.49%	0.24%	0.24%
GLPI	C	0.42%	0.44%	0.42%
GME	C	-0.56%	0.35%	-0.56%
GTLS	B	-0.58%	0.23%	-0.58%
HQY	B	0.58%	0.27%	0.27%
HRB	D	0.41%	0.27%	0.27%
IBKR	A	0.62%	0.64%	0.62%
ILMN	D	-0.43%	0.75%	-0.43%
ITT	A	-0.49%	0.41%	-0.49%
JAZZ	B	0.44%	0.25%	0.25%
JHG	A	-0.53%	0.19%	-0.53%
JLL	D	-0.46%	0.41%	-0.46%
KBR	F	0.37%	0.26%	0.26%
KRC	C	-0.46%	0.14%	-0.46%
LAMR	D	-0.46%	0.37%	-0.46%
LITE	B	-0.62%	0.19%	-0.62%
LPX	B	-0.52%	0.23%	-0.52%
MAN	D	0.37%	0.1%	0.1%
MKSI	C	-0.4%	0.25%	-0.4%
MSA	D	0.4%	0.22%	0.22%
MSM	C	0.43%	0.13%	0.13%
MTDR	B	-0.45%	0.23%	-0.45%
MUR	D	0.37%	0.16%	0.16%
MUSA	A	0.43%	0.32%	0.32%
NEU	C	0.44%	0.14%	0.14%
NVT	B	-0.49%	0.41%	-0.49%
NWE	B	-0.45%	0.11%	-0.45%
OC	A	-0.46%	0.56%	-0.46%
OHI	C	0.43%	0.34%	0.34%
OLLI	D	0.41%	0.19%	0.19%
ORI	A	0.46%	0.29%	0.29%
OZK	B	-0.49%	0.17%	-0.49%
PAG	B	0.41%	0.1%	0.1%
PCTY	B	0.53%	0.29%	0.29%
PEN	B	-0.52%	0.3%	-0.52%
PFGC	B	-0.49%	0.44%	-0.49%
PNFP	B	-0.55%	0.31%	-0.55%
PNM	F	0.5%	0.14%	0.14%
POWI	D	-0.41%	0.12%	-0.41%
RGA	A	0.48%	0.5%	0.48%
RGEN	D	-0.37%	0.24%	-0.37%
RH	B	-0.53%	0.16%	-0.53%
RLI	B	0.51%	0.24%	0.24%
RMBS	C	-0.51%	0.19%	-0.51%
RNR	C	0.46%	0.44%	0.44%
ROIV	C	-0.41%	0.17%	-0.41%
RRC	B	-0.51%	0.27%	-0.51%
RYAN	B	0.47%	0.24%	0.24%
RYN	D	-0.44%	0.13%	-0.44%
SAIA	B	-0.59%	0.48%	-0.59%
SAIC	F	0.4%	0.21%	0.21%
SBRA	C	0.47%	0.14%	0.14%
SFM	A	0.6%	0.47%	0.47%
SIGI	C	0.48%	0.2%	0.2%
SLGN	A	0.46%	0.14%	0.14%
SMG	D	-0.46%	0.1%	-0.46%
SNV	B	-0.54%	0.26%	-0.54%
SNX	C	0.41%	0.29%	0.29%
SRPT	D	0.32%	0.34%	0.32%
SSD	D	-0.43%	0.25%	-0.43%
ST	F	0.36%	0.16%	0.16%
THG	A	0.51%	0.19%	0.19%
THO	B	-0.44%	0.19%	-0.44%
TOL	B	-0.47%	0.52%	-0.47%
TREX	C	-0.45%	0.25%	-0.45%
TXRH	C	0.51%	0.44%	0.44%
UGI	A	-0.44%	0.16%	-0.44%
UNM	A	0.57%	0.41%	0.41%
USFD	A	-0.49%	0.53%	-0.49%
UTHR	C	0.45%	0.57%	0.45%
VNO	B	-0.52%	0.23%	-0.52%
WAL	B	-0.49%	0.33%	-0.49%
WCC	B	-0.55%	0.31%	-0.55%
WEN	D	0.46%	0.1%	0.1%
WH	B	0.53%	0.25%	0.25%
WMS	D	-0.37%	0.3%	-0.37%
WPC	D	0.41%	0.4%	0.4%
X	C	0.43%	0.27%	0.27%
XPO	B	-0.54%	0.57%	-0.54%
ZI	D	0.43%	0.1%	0.1%
ZION	B	-0.53%	0.29%	-0.53%

BTAL Overweight 265 Positions Relative to SPMD

Symbol	Grade	Weight
MSTR	C	1.19%
BILL	A	0.68%
LPLA	A	0.59%
PAYC	B	0.59%
ALSN	B	0.56%
KMI	A	0.56%
CFLT	B	0.56%
SNA	A	0.55%
NWL	B	0.54%
BKR	B	0.53%
MKL	A	0.53%
TGNA	B	0.53%
TRV	B	0.52%
FFIV	B	0.52%
FTNT	C	0.52%
MSI	B	0.51%
PCAR	B	0.51%
MCK	B	0.51%
LNG	B	0.51%
BMY	B	0.51%
WELL	A	0.5%
XEL	A	0.5%
ORLY	B	0.5%
T	A	0.5%
CSCO	B	0.49%
AEE	A	0.49%
CINF	A	0.49%
TMUS	B	0.49%
PKG	A	0.49%
GILD	C	0.49%
ALL	A	0.48%
VFC	C	0.48%
FOXA	B	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%
CHD	B	0.47%
PAYX	C	0.47%
GLW	B	0.47%
CME	A	0.47%
AON	A	0.47%
HON	B	0.47%
HEI	B	0.47%
KR	B	0.47%
EDR	A	0.46%
DRI	B	0.46%
LNT	A	0.46%
CF	B	0.46%
WEC	A	0.46%
ADP	B	0.46%
WRB	A	0.45%
CB	C	0.45%
CSX	B	0.45%
CMG	B	0.45%
REG	B	0.45%
AVB	B	0.45%
PGR	A	0.45%
WM	A	0.45%
IBM	C	0.45%
HIG	B	0.45%
COR	B	0.45%
DGX	A	0.45%
WTW	B	0.45%
HPQ	B	0.45%
L	A	0.45%
ROP	B	0.45%
PNW	B	0.45%
CHRW	C	0.45%
XOM	B	0.44%
ACN	C	0.44%
DECK	A	0.44%
EQR	B	0.44%
CMS	C	0.44%
BWA	D	0.44%
VZ	C	0.44%
CBOE	B	0.43%
DOX	D	0.43%
VRSN	F	0.43%
UNH	C	0.43%
CTSH	B	0.43%
YUM	B	0.43%
MSFT	F	0.43%
DD	D	0.43%
RTX	C	0.43%
RSG	A	0.43%
TJX	A	0.43%
DUK	C	0.43%
VICI	C	0.42%
JNJ	D	0.42%
MMC	B	0.42%
ED	D	0.42%
MCD	D	0.42%
EG	C	0.42%
J	F	0.41%
MKC	D	0.41%
GD	F	0.41%
BG	F	0.4%
CI	F	0.4%
NOC	D	0.4%
TXT	D	0.4%
WTM	A	0.39%
AMCR	D	0.39%
O	D	0.39%
JNPR	F	0.39%
FANG	D	0.39%
KHC	F	0.38%
CPB	D	0.38%
ON	D	0.38%
ACGL	D	0.38%
GIS	D	0.38%
ERIE	D	0.38%
OXY	D	0.38%
MOS	F	0.38%
LMT	D	0.38%
FMC	D	0.37%
KO	D	0.37%
GPC	D	0.37%
TNET	D	0.37%
PFE	D	0.37%
DVN	F	0.37%
AMGN	D	0.37%
ABBV	D	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%
AGL	F	0.16%
SMCI	F	-0.18%
SEDG	F	-0.19%
RUN	F	-0.21%
MRNA	F	-0.22%
ENPH	F	-0.23%
MPWR	F	-0.24%
CE	F	-0.24%
WOLF	F	-0.25%
TXG	F	-0.26%
NTLA	F	-0.27%
RKT	F	-0.29%
RIVN	F	-0.3%
OPEN	D	-0.3%
EL	F	-0.31%
TER	D	-0.33%
BRZE	C	-0.33%
EFX	F	-0.35%
SHLS	F	-0.35%
AES	F	-0.35%
LRCX	F	-0.36%
TFX	F	-0.36%
NVCR	C	-0.38%
RIG	D	-0.38%
PLD	D	-0.39%
IDXX	F	-0.39%
KSS	F	-0.39%
ELAN	D	-0.39%
PINS	D	-0.4%
WBA	F	-0.4%
ARE	D	-0.4%
AMD	F	-0.4%
KMX	B	-0.4%
AGNC	D	-0.41%
W	F	-0.41%
CRL	C	-0.41%
DNLI	D	-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%
CRSP	D	-0.43%
MGM	D	-0.43%
ALGN	D	-0.43%
PATH	C	-0.43%
SEE	C	-0.44%
BLDR	D	-0.44%
F	C	-0.44%
TRU	D	-0.44%
EW	C	-0.44%
APG	B	-0.44%
BBWI	D	-0.44%
TGT	F	-0.44%
D	C	-0.45%
CARR	D	-0.45%
RMD	C	-0.45%
AVGO	D	-0.45%
VEEV	C	-0.46%
BXP	D	-0.46%
ZS	C	-0.46%
ANET	C	-0.46%
PENN	C	-0.46%
ROKU	D	-0.47%
HHH	B	-0.47%
SHW	A	-0.47%
TROW	B	-0.48%
NVDA	C	-0.48%
LNC	B	-0.48%
NRG	B	-0.49%
GH	B	-0.49%
SNAP	C	-0.49%
USB	A	-0.49%
CFG	B	-0.49%
RF	A	-0.5%
TTD	B	-0.5%
NET	B	-0.5%
PWR	A	-0.51%
GNRC	B	-0.51%
TT	A	-0.51%
CBRE	B	-0.51%
RBLX	C	-0.51%
CEG	D	-0.52%
ETN	A	-0.52%
IOT	A	-0.52%
URI	B	-0.52%
PYPL	B	-0.52%
ALB	C	-0.52%
DELL	C	-0.53%
MDB	C	-0.53%
DKNG	B	-0.53%
INTC	D	-0.54%
BLK	C	-0.54%
FOUR	B	-0.54%
NTRS	A	-0.54%
CMA	A	-0.54%
KKR	A	-0.55%
SCHW	B	-0.56%
DAY	B	-0.56%
Z	A	-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%
OWL	A	-0.58%
TPG	A	-0.58%
EQT	B	-0.59%
PODD	C	-0.59%
DASH	A	-0.59%
SQ	B	-0.6%
LYV	A	-0.62%
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 265 Positions Relative to SPMD

Symbol	Grade	Weight
TPL	A	-0.85%
EME	C	-0.77%
CSL	C	-0.69%
LII	A	-0.65%
WSO	A	-0.6%
RPM	A	-0.58%
BURL	A	-0.56%
RBA	A	-0.56%
RS	B	-0.56%
MANH	D	-0.56%
WSM	B	-0.55%
DOCU	A	-0.54%
DT	C	-0.53%
FIX	A	-0.52%
FNF	B	-0.52%
PSTG	D	-0.51%
THC	D	-0.51%
CASY	A	-0.5%
GGG	B	-0.5%
EQH	B	-0.5%
EWBC	A	-0.47%
ACM	A	-0.47%
AVTR	F	-0.47%
NBIX	C	-0.41%
SCI	B	-0.4%
LECO	B	-0.39%
AMH	D	-0.39%
OVV	B	-0.39%
SF	B	-0.39%
JEF	A	-0.39%
RRX	B	-0.38%
BJ	A	-0.38%
ATR	B	-0.38%
CUBE	D	-0.36%
FHN	A	-0.36%
TTEK	F	-0.36%
KNSL	B	-0.35%
EVR	B	-0.35%
EHC	B	-0.34%
WBS	A	-0.34%
AFG	A	-0.34%
WWD	B	-0.34%
CHDN	B	-0.34%
AIT	A	-0.34%
LAD	A	-0.33%
EXEL	B	-0.33%
CIEN	B	-0.33%
PRI	A	-0.33%
AYI	B	-0.33%
WTRG	B	-0.32%
PR	B	-0.32%
DTM	B	-0.32%
WING	D	-0.32%
INGR	B	-0.32%
HLI	B	-0.32%
DCI	B	-0.31%
MORN	B	-0.31%
CNH	C	-0.31%
AAL	B	-0.31%
BRBR	A	-0.31%
TPX	B	-0.31%
AAON	B	-0.3%
KNX	B	-0.3%
FN	D	-0.3%
RBC	A	-0.3%
REXR	F	-0.3%
GMED	A	-0.3%
RGLD	C	-0.3%
FLR	B	-0.29%
WTFC	A	-0.29%
NYT	C	-0.29%
CFR	B	-0.29%
OGE	B	-0.28%
CBSH	A	-0.28%
MTZ	B	-0.28%
CR	A	-0.28%
MEDP	D	-0.28%
GPK	C	-0.28%
TTC	D	-0.28%
BRX	A	-0.28%
UFPI	B	-0.27%
SEIC	B	-0.27%
CHRD	D	-0.27%
SSB	B	-0.27%
ONTO	D	-0.27%
PLNT	A	-0.27%
SKX	D	-0.27%
LNW	D	-0.27%
ENSG	D	-0.27%
EGP	F	-0.27%
FLS	B	-0.26%
PB	A	-0.26%
TKO	B	-0.26%
HLNE	B	-0.26%
VOYA	B	-0.26%
WEX	D	-0.25%
CVLT	B	-0.25%
KEX	C	-0.25%
BERY	B	-0.25%
NNN	D	-0.25%
GXO	B	-0.24%
COKE	C	-0.24%
R	B	-0.24%
ESAB	B	-0.24%
ALV	C	-0.24%
OSK	B	-0.24%
MIDD	C	-0.24%
MTSI	B	-0.24%
TMHC	B	-0.24%
EXLS	B	-0.24%
OLED	D	-0.24%
ANF	C	-0.24%
CMC	B	-0.23%
HALO	F	-0.23%
VMI	B	-0.23%
CADE	B	-0.23%
FR	C	-0.23%
ONB	B	-0.23%
CGNX	C	-0.23%
LSCC	D	-0.23%
GNTX	C	-0.23%
MASI	A	-0.23%
H	B	-0.23%
KD	B	-0.22%
STAG	F	-0.22%
LSTR	D	-0.22%
FAF	A	-0.22%
BIO	D	-0.22%
MTN	C	-0.22%
IDA	A	-0.21%
WHR	B	-0.21%
GBCI	B	-0.21%
MTG	C	-0.21%
NOV	C	-0.21%
CYTK	F	-0.21%
MAT	D	-0.21%
DOCS	C	-0.21%
COLB	A	-0.21%
ESNT	D	-0.2%
CROX	D	-0.2%
FNB	A	-0.2%
VNT	B	-0.2%
CBT	C	-0.2%
BRKR	D	-0.2%
NOVT	D	-0.2%
WFRD	D	-0.2%
ALTR	B	-0.2%
LFUS	F	-0.2%
STWD	C	-0.2%
LNTH	D	-0.19%
KBH	D	-0.19%
HOMB	A	-0.19%
UBSI	B	-0.19%
AGCO	D	-0.19%
WTS	B	-0.19%
PVH	C	-0.19%
CNX	A	-0.19%
KRG	B	-0.19%
FFIN	B	-0.18%
BC	C	-0.18%
KNF	A	-0.18%
APPF	B	-0.18%
GATX	A	-0.18%
LEA	D	-0.18%
CRUS	D	-0.18%
UMBF	B	-0.18%
QLYS	C	-0.18%
VVV	F	-0.18%
NFG	A	-0.18%
CLF	F	-0.18%
AMG	B	-0.18%
EXPO	D	-0.17%
BYD	C	-0.17%
NXST	C	-0.17%
AM	A	-0.17%
POST	C	-0.17%
HWC	B	-0.17%
SLM	A	-0.17%
WMG	C	-0.16%
POR	C	-0.16%
VLY	B	-0.16%
TKR	D	-0.16%
LOPE	B	-0.16%
FIVE	F	-0.16%
MMS	F	-0.16%
BDC	B	-0.16%
GAP	C	-0.16%
HXL	D	-0.16%
OLN	D	-0.16%
SON	D	-0.16%
CHWY	B	-0.15%
SWX	B	-0.15%
HAE	C	-0.15%
AVNT	B	-0.15%
CIVI	D	-0.15%
IRT	A	-0.15%
NJR	A	-0.15%
CUZ	B	-0.15%
PSN	D	-0.15%
CNO	A	-0.14%
TCBI	B	-0.14%
BCO	D	-0.14%
OGS	A	-0.14%
WLK	D	-0.14%
KMPR	B	-0.14%
ORA	B	-0.14%
M	D	-0.14%
EEFT	B	-0.14%
BKH	A	-0.14%
AN	C	-0.14%
SR	A	-0.13%
ASH	D	-0.13%
IBOC	A	-0.13%
HOG	D	-0.13%
ENS	D	-0.13%
ASB	B	-0.13%
IRDM	D	-0.12%
TEX	D	-0.12%
PII	D	-0.12%
LANC	C	-0.12%
WU	D	-0.12%
XRAY	F	-0.12%
ACHC	F	-0.12%
PRGO	B	-0.12%
ALE	A	-0.12%
TNL	A	-0.12%
OPCH	D	-0.12%
GHC	C	-0.11%
YETI	C	-0.11%
FHI	A	-0.11%
EPR	D	-0.11%
VAL	D	-0.11%
BLKB	B	-0.11%
SLAB	D	-0.11%
NVST	B	-0.11%
NEOG	F	-0.1%
NSA	D	-0.1%
AMED	F	-0.1%
SYNA	C	-0.1%
VAC	B	-0.1%
PCH	D	-0.1%
ALGM	D	-0.1%
PK	B	-0.1%
PBF	D	-0.1%
BHF	B	-0.1%
GT	C	-0.09%
NSP	D	-0.09%
HGV	B	-0.09%
SAM	C	-0.09%
LIVN	F	-0.09%
TDC	D	-0.09%
SHC	F	-0.08%
CPRI	F	-0.08%
VC	D	-0.08%
ENOV	C	-0.08%
PPC	C	-0.07%
IPGP	D	-0.07%
AZTA	D	-0.07%
JWN	C	-0.07%
RCM	F	-0.07%
GEF	A	-0.06%
VSH	D	-0.06%
UAA	C	-0.06%
CRI	D	-0.06%
UA	C	-0.04%