IVOL vs. RLY ETF Comparison

Comparison of Quadratic Interest Rate Volatility and Inflation Hedge ETF (IVOL) to SPDR SSgA Multi Asset Real Return ETF (RLY)

IVOL

Quadratic Interest Rate Volatility and Inflation Hedge ETF

IVOL Description

The investment seeks to hedge the risk of increased fixed income volatility and rising inflation and to profit from rising long-term interest rates or falling short-term interest rates, often referred to as a steepening of the U.S. interest rate curve, while providing inflation-protected income. The fund is actively managed and seeks to achieve its investment objective primarily by investing, directly or indirectly, in a mix of U.S. Treasury Inflation-Protected Securities ("TIPS") and long options tied to the shape of the U.S. interest rate curve. It is non-diversified.

Grade (RS Rating)

Last Trade

$18.50

Average Daily Volume

339,168

Number of Holdings ^*

* may have additional holdings in another (foreign) market

RLY

SPDR SSgA Multi Asset Real Return ETF

RLY Description

The investment seeks to achieve real return consisting of capital appreciation and current income. The fund invests substantially all of its assets in the SSgA Multi-Asset Real Return Portfolio, a separate series of the SSgA Master Trust with an identical investment objective as the fund. As a result, the fund invests indirectly through the Portfolio. The Portfolio's allocation among those asset classes will be in proportions consistent with the Adviser's evaluation of the expected returns and risks of each asset class as well as the allocation that, in the Adviser's view, will best meet the Portfolio's investment objective.

Grade (RS Rating)

Last Trade

$28.21

Average Daily Volume

109,240

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IVOL	RLY
30 Days	-2.75%	1.57%
60 Days	-4.17%	6.96%
90 Days	-8.17%	5.95%
12 Months	-16.97%	6.10%

0 Overlapping Holdings

	Symbol	Grade	Weight in IVOL	Weight in RLY	Overlap

IVOL Overweight 1 Positions Relative to RLY

	Symbol	Grade	Weight
	SCHP	D	79.42%

IVOL Underweight 10 Positions Relative to RLY

Symbol	Grade	Weight
GNR	A	-28.06%
GII	A	-23.76%
PDBC	A	-17.05%
TIPX	B	-8.33%
BIL	A	-4.54%
WIP	D	-4.45%
GLDM	B	-3.09%
RWX	C	-0.49%
RWR	D	-0.48%
MOO	F	-0.24%

IVOL: Top Represented Industries & Keywords

Industries:

Keywords: Bond Bond Market Indices ETF Exchange Traded Fund Fixed Income Fixed Income Analysis Inflation Merrill Lynch U.S. Treasury Yield

RLY: Top Represented Industries & Keywords

Industries: