GAA vs. QAI ETF Comparison

Comparison of Cambria Global Asset Allocation ETF (GAA) to IQ Hedge MultiIQ Hedge Multi-Strategy Tracker ETF (QAI)

GAA

Cambria Global Asset Allocation ETF

GAA Description

The investment seeks to track the performance, before fees and expenses, of the Cambria Global Asset Allocation Index. Under normal market conditions, the fund invests at least 80% of its total assets in the components of the underlying index or in depositary receipts representing components of the underlying index. The underlying index is designed to provide diversified exposure, including inverse exposure, to all of the major world asset classes in the various regions, countries and sectors around the globe.

Grade (RS Rating)

Last Trade

$28.91

Average Daily Volume

7,118

Number of Holdings ^*

19

* may have additional holdings in another (foreign) market

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

$30.82

Average Daily Volume

99,346

Number of Holdings ^*

43

* may have additional holdings in another (foreign) market

Performance

Period	GAA	QAI
30 Days	0.65%	0.10%
60 Days	2.44%	0.49%
90 Days	4.61%	2.60%
12 Months	11.66%	8.99%

3 Overlapping Holdings

	Symbol	Grade	Weight in GAA	Weight in QAI	Overlap
	PDBC	B	6.25%	-0.34%	-0.34%
	VGIT	D	1.89%	-1.26%	-1.26%
	VGLT	D	1.81%	-0.02%	-0.02%

GAA Overweight 16 Positions Relative to QAI

	Symbol	Grade	Weight
	EYLD	A	10.17%
	SYLD	D	6.65%
	GVAL	A	6.01%
	FYLD	A	4.86%
	QMOM	C	4.73%
	VAMO	A	4.42%
	HYEM	A	3.89%
	BAR	B	3.8%
	JPMB	A	2.94%
	VCIT	A	2.89%
	SCHP	A	2.63%
	WIP	D	2.4%
	IMOM	D	2.02%
	IHY	A	1.94%
	GDX	B	1.06%
	BOXX	A	0.97%

GAA Underweight 40 Positions Relative to QAI

	Symbol	Grade	Weight
	FLOT	A	-15.81%
	MUB	A	-3.61%
	SIVR	B	-0.0%
	GLDM	B	--0.01%
	SPHQ	B	--0.01%
	PIN	A	--0.01%
	FLJP	C	--0.01%
	CTA	A	--0.03%
	BBJP	C	--0.04%
	SCHG	A	--0.04%
	KMLM	D	--0.05%
	COMT	B	--0.05%
	PFFD	C	--0.07%
	VMBS	C	--0.07%
	MBB	C	--0.12%
	ARB	B	--0.17%
	SOXX	C	--0.18%
	DBMF	B	--0.19%
	HYLB	A	--0.23%
	MTUM	C	--0.29%
	DBA	C	--0.37%
	SCHR	D	--0.42%
	SRLN	A	--0.43%
	JEPI	C	--0.45%
	PFF	C	--0.46%
	BKLN	A	--0.51%
	VTEB	A	--0.52%
	JEPQ	A	--0.52%
	ICVT	B	--0.53%
	FXB	C	--0.55%
	STIP	A	--0.55%
	MNA	D	--0.67%
	FLRN	A	--0.84%
	UUP	A	--0.95%
	CWB	B	--1.07%
	IGOV	D	--1.22%
	SGOV	B	--1.28%
	BWX	D	--2.05%
	BIL	A	--2.09%
	BTAL	C	--3.4%

GAA: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Bond Bond Market Indices Index Fund Merrill Lynch Bloomberg Barclays Us Aggregate Bond Index Fixed Income Inflation Shareholder Yield Stock Fund U.S. Treasury Corporate Bond Debt Securities Dividend Government Bond High Yield Debt Investment Management Stock Market Index U.S. Government

QAI: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Bond Index Fund Bond Market Indices U.S. Treasury Exchange Traded Funds Bloomberg Barclays Us Aggregate Bond Index Bond Market Invesco Powershares Managed Futures Account Stock Market Index Commodity Markets Swaps U.S. Government Arbitrage Betashares Bond Market Index Bullion Commodity