GDMA vs. QAI ETF Comparison
Comparison of Gadsden Dynamic Multi-Asset ETF (GDMA) to IQ Hedge MultiIQ Hedge Multi-Strategy Tracker ETF (QAI)
GDMA
Gadsden Dynamic Multi-Asset ETF
GDMA Description
The investment seeks total return. The fund seeks to achieve its investment objective by investing (i) approximately 80% of its total assets with exposure to a variety of asset classes, geographies, and market capitalizations generally based on a long-term view of macroeconomic factors and (ii) approximately 20% of its total assets to add or reduce exposure to one or more asset classes generally based on a short-term view of the market. It may invest in futures contracts to gain long or short exposure to one or more asset classes.
Grade (RS Rating)
Last Trade
$32.54
Average Daily Volume
4,768
11
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
$32.21
Average Daily Volume
112,862
32
Performance
| Period | GDMA | QAI |
|---|---|---|
| 30 Days | -0.70% | -0.28% |
| 60 Days | 1.43% | 1.61% |
| 90 Days | 2.78% | 2.78% |
| 12 Months | 11.08% | 10.43% |
1 Overlapping Holdings
| Symbol | Grade | Weight in GDMA | Weight in QAI | Overlap | |
|---|---|---|---|---|---|
| SIVR | D | 0.49% | 0.03% | 0.03% |
GDMA Underweight 31 Positions Relative to QAI
| Symbol | Grade | Weight | |
|---|---|---|---|
| FLOT | A | -16.96% | |
| MUB | C | -2.68% | |
| PIN | D | -0.0% | |
| FLJP | D | -0.0% | |
| KMLM | F | --0.02% | |
| SPHQ | B | --0.02% | |
| CTA | A | --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% |
GDMA: Top Represented Industries & Keywords
QAI: Top Represented Industries & Keywords
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