BTAL vs. VNQ ETF Comparison

Comparison of QuantShares U.S. Market Neutral Anti Beta Fund ETF (BTAL) to Vanguard REIT ETF - DNQ (VNQ)

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

$19.03

Average Daily Volume

467,825

Number of Holdings ^*

392

* may have additional holdings in another (foreign) market

VNQ

Vanguard REIT ETF - DNQ

VNQ Description

The investment seeks to provide a high level of income and moderate long-term capital appreciation by tracking the performance of a benchmark index that measures the performance of publicly traded equity REITs. The fund employs an indexing investment approach designed to track the performance of the MSCI US REIT Index. The index is composed of stocks of publicly traded equity real estate investment trusts (known as REITs). The fund attempts to replicate the index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$96.25

Average Daily Volume

3,452,081

Number of Holdings ^*

145

* may have additional holdings in another (foreign) market

Performance

Period	BTAL	VNQ
30 Days	-2.59%	-0.23%
60 Days	-1.84%	-1.50%
90 Days	-2.74%	1.63%
12 Months	-5.88%	25.20%

26 Overlapping Holdings

Symbol	Grade	Weight in BTAL	Weight in VNQ	Overlap
ADC	A	0.45%	0.43%	0.43%
ARE	F	-0.4%	1.0%	-0.4%
AVB	B	0.45%	1.8%	0.45%
BXP	C	-0.46%	0.69%	-0.46%
CBRE	B	-0.51%	2.29%	-0.51%
CDP	C	0.44%	0.21%	0.21%
CSGP	D	-0.42%	1.7%	-0.42%
ELS	C	0.43%	0.71%	0.43%
EQR	C	0.44%	1.37%	0.44%
GLPI	C	0.42%	0.78%	0.42%
HHH	B	-0.47%	0.14%	-0.47%
JLL	D	-0.46%	0.74%	-0.46%
KRC	B	-0.46%	0.26%	-0.46%
LAMR	C	-0.46%	0.66%	-0.46%
O	C	0.39%	2.95%	0.39%
OHI	C	0.43%	0.6%	0.43%
OPEN	F	-0.3%	0.06%	-0.3%
PLD	F	-0.39%	5.97%	-0.39%
REG	A	0.45%	0.72%	0.45%
RYN	D	-0.44%	0.25%	-0.44%
SBRA	C	0.47%	0.26%	0.26%
VICI	C	0.42%	1.73%	0.42%
VNO	C	-0.52%	0.38%	-0.52%
WELL	A	0.5%	4.5%	0.5%
WPC	C	0.41%	0.7%	0.41%
Z	A	-0.56%	0.54%	-0.56%

BTAL Overweight 366 Positions Relative to VNQ

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%
FTNT	C	0.52%
TXRH	B	0.51%
MSI	B	0.51%
RLI	A	0.51%
PCAR	B	0.51%
MCK	A	0.51%
THG	A	0.51%
LNG	A	0.51%
BMY	B	0.51%
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%
TMUS	B	0.49%
PKG	A	0.49%
GILD	C	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%
DBX	B	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%
CMG	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%
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%
CMS	C	0.44%
BWA	D	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%
MSFT	D	0.43%
MUSA	B	0.43%
DD	C	0.43%
RTX	D	0.43%
X	B	0.43%
RSG	A	0.43%
TJX	A	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%
JNJ	C	0.42%
MMC	B	0.42%
CACI	D	0.42%
CXT	C	0.42%
ED	C	0.42%
MCD	D	0.42%
EG	C	0.42%
HRB	D	0.41%
J	D	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%
NOC	D	0.4%
TXT	D	0.4%
ASGN	F	0.39%
WTM	A	0.39%
AMCR	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%
LMT	D	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%
ABBV	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%
MPWR	F	-0.24%
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%
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%
LRCX	F	-0.36%
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%
IDXX	F	-0.39%
KSS	F	-0.39%
ELAN	D	-0.39%
PINS	F	-0.4%
WBA	F	-0.4%
FND	D	-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%
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%
UBER	F	-0.42%
CWEN	C	-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%
APG	B	-0.44%
BBWI	C	-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%
AVGO	D	-0.45%
OC	A	-0.46%
SMG	C	-0.46%
VEEV	C	-0.46%
ZS	B	-0.46%
ANET	C	-0.46%
PENN	C	-0.46%
TOL	B	-0.47%
ROKU	D	-0.47%
SHW	B	-0.47%
TROW	B	-0.48%
NVDA	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%
TT	A	-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%
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%
SCHW	B	-0.56%
DAY	B	-0.56%
GME	C	-0.56%
EXPE	B	-0.56%
MRVL	B	-0.56%
TDOC	C	-0.56%
NTRA	A	-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%
DASH	B	-0.59%
SAIA	B	-0.59%
SQ	A	-0.6%
LYV	A	-0.62%
LITE	B	-0.62%
DUOL	A	-0.63%
CCL	A	-0.63%
LYFT	C	-0.65%
VRT	B	-0.67%
CVNA	B	-0.68%
DAL	B	-0.68%
PTON	A	-0.69%
TSLA	B	-0.7%
TOST	B	-0.71%
COIN	C	-0.71%
HOOD	B	-0.72%
AXON	A	-0.74%
VST	A	-0.76%
SOFI	B	-0.79%
AFRM	A	-0.84%
PLTR	B	-0.87%

BTAL Underweight 119 Positions Relative to VNQ

Symbol	Grade	Weight
AMT	C	-5.69%
EQIX	A	-4.79%
DLR	B	-3.3%
SPG	A	-3.15%
PSA	C	-2.97%
CCI	C	-2.66%
IRM	C	-2.07%
EXR	C	-1.97%
VTR	B	-1.51%
SBAC	D	-1.41%
WY	F	-1.3%
INVH	D	-1.1%
ESS	B	-1.04%
MAA	B	-1.01%
SUI	C	-0.94%
KIM	A	-0.91%
DOC	C	-0.9%
UDR	B	-0.75%
CPT	B	-0.7%
HST	C	-0.69%
AMH	C	-0.66%
CUBE	C	-0.61%
REXR	F	-0.53%
EGP	D	-0.47%
FRT	B	-0.47%
BRX	A	-0.46%
NNN	C	-0.45%
COLD	D	-0.4%
FR	D	-0.4%
STAG	D	-0.39%
RHP	B	-0.35%
TRNO	F	-0.33%
EPRT	B	-0.32%
KRG	B	-0.32%
SLG	B	-0.28%
CUZ	B	-0.27%
PECO	A	-0.26%
CTRE	C	-0.26%
IRT	A	-0.25%
MAC	B	-0.23%
SKT	A	-0.21%
IIPR	D	-0.21%
EPR	C	-0.2%
HIW	C	-0.2%
PCH	F	-0.19%
BNL	D	-0.19%
NHI	D	-0.19%
APLE	B	-0.19%
CWK	C	-0.18%
ZG	A	-0.18%
PK	C	-0.17%
DEI	B	-0.17%
NSA	C	-0.17%
LXP	D	-0.16%
MPW	F	-0.16%
COMP	B	-0.15%
UE	B	-0.15%
AKR	B	-0.14%
FCPT	C	-0.14%
IVT	A	-0.13%
OUT	A	-0.13%
EQC	B	-0.12%
NMRK	C	-0.12%
SHO	D	-0.11%
ROIC	A	-0.11%
DRH	B	-0.1%
JOE	F	-0.1%
GNL	F	-0.09%
GTY	A	-0.09%
LTC	B	-0.09%
DEA	D	-0.08%
ALEX	B	-0.08%
RLJ	C	-0.08%
JBGS	F	-0.08%
XHR	B	-0.08%
PEB	D	-0.08%
ESRT	C	-0.08%
ELME	D	-0.08%
RDFN	D	-0.07%
KW	C	-0.07%
UNIT	B	-0.07%
VRE	B	-0.07%
PDM	D	-0.07%
UMH	B	-0.07%
AAT	B	-0.07%
NXRT	B	-0.06%
EXPI	D	-0.06%
CSR	B	-0.06%
AIV	C	-0.06%
NTST	C	-0.06%
PLYM	F	-0.05%
PGRE	F	-0.05%
AHH	D	-0.05%
BDN	C	-0.05%
MMI	C	-0.05%
GOOD	B	-0.04%
FOR	F	-0.04%
INN	D	-0.04%
LAND	F	-0.03%
OLP	B	-0.03%
PKST	F	-0.03%
BFS	C	-0.03%
UHT	D	-0.03%
CHCT	C	-0.03%
ALX	D	-0.03%
SVC	F	-0.03%
FPI	B	-0.03%
HPP	F	-0.03%
GMRE	F	-0.03%
WSR	A	-0.03%
DHC	F	-0.03%
TRC	F	-0.02%
CBL	B	-0.02%
RMR	F	-0.02%
CLDT	B	-0.02%
SRG	F	-0.01%
NXDT	F	-0.01%
CIO	C	-0.01%
OPI	F	-0.0%