FIG vs. QAI ETF Comparison
Comparison of Simplify Macro Strategy ETF (FIG) to IQ Hedge MultiIQ Hedge Multi-Strategy Tracker ETF (QAI)
FIG
Simplify Macro Strategy ETF
FIG Description
Fortress Investment Group LLC is a publicly owned investment manager. The firm primarily provides its services to individuals. It also provides its services to high net worth individuals. The firm invests in the fixed income, currency, equity, derivatives, and commodity markets across the globe. It also launches and manages hedge funds, real estate funds, and private equity funds. The firm also invests in private equity specializing in buyout, recapitalization, control-oriented investments in cash flow generating, asset based businesses and also acquire assets or make debt investments. For private equity, it prefers to invest in financial services (particularly loan servicing and consumer finance, real estate, transportation & energy/infrastructure, gaming, real estate, leisure, media and telecommunications, healthcare and senior living. It also invest in energy, power generation equipment?s, consumer discretionary, healthcare facilities, and independent power and renewable electricity procedures. It considers investments in North America, Caribbean and Western Europe for private equity. In distressed situations, the firm will seek to secure corporate ownership or control by working with a company's board of directors or creditor's committee. It prefer to have majority stake in companies. The firm invests in distressed and undervalued assets and tangible and intangible assets such as real estate, capital assets, natural resources, and intellectual property. The firm?s alternative investments include investment in real estate markets, and distressed real estate loan acquisitions. Fortress Investment Group LLC was founded in 1998 and is based in New York City.
Grade (RS Rating)
Last Trade
$21.61
Average Daily Volume
4,812
3
QAI
IQ Hedge MultiIQ Hedge Multi-Strategy Tracker ETF
QAI Description
The investment seeks investment results that correspond generally to the price and yield performance of its underlying index, the IQ Hedge Multi-Strategy Index. The fund invests normally at least 80% of its net assets (excluding collateral held from securities lending), plus the amount of any borrowings for investment purposes, in the investments included in its underlying index, which includes underlying funds. The underlying index consists of a number of components ("underlying index Components") selected in accordance with IndexIQ's rules-based methodology of such underlying index.Grade (RS Rating)
Last Trade
$32.20
Average Daily Volume
112,862
32
Performance
| Period | FIG | QAI |
|---|---|---|
| 30 Days | 1.47% | -0.28% |
| 60 Days | 0.20% | 1.61% |
| 90 Days | 2.01% | 2.78% |
| 12 Months | -1.55% | 10.43% |
1 Overlapping Holdings
| Symbol | Grade | Weight in FIG | Weight in QAI | Overlap | |
|---|---|---|---|---|---|
| CTA | A | 1.26% | -0.02% | -0.02% |
FIG Underweight 31 Positions Relative to QAI
| Symbol | Grade | Weight | |
|---|---|---|---|
| FLOT | A | -16.96% | |
| MUB | C | -2.68% | |
| SIVR | D | -0.03% | |
| PIN | D | -0.0% | |
| FLJP | D | -0.0% | |
| KMLM | F | --0.02% | |
| SPHQ | B | --0.02% | |
| BBJP | D | --0.02% | |
| COMT | D | --0.03% | |
| PFFD | C | --0.04% | |
| JEPI | A | --0.05% | |
| DBMF | D | --0.07% | |
| ARB | B | --0.09% | |
| PDBC | F | --0.13% | |
| SRLN | A | --0.18% | |
| BKLN | A | --0.2% | |
| VTEB | C | --0.21% | |
| DBA | A | --0.22% | |
| MTUM | B | --0.22% | |
| PFF | C | --0.23% | |
| STIP | C | --0.31% | |
| MNA | C | --0.33% | |
| ICVT | A | --0.33% | |
| FLRN | A | --0.46% | |
| CWB | A | --0.58% | |
| UUP | A | --0.61% | |
| SGOV | A | --0.71% | |
| BIL | A | --0.94% | |
| IGOV | F | --1.01% | |
| BWX | F | --2.13% | |
| BTAL | C | --2.67% |
FIG: Top Represented Industries & Keywords
QAI: Top Represented Industries & Keywords
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