NZAC vs. BTAL ETF Comparison

Comparison of SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) to QuantShares U.S. Market Neutral Anti Beta Fund ETF (BTAL)

NZAC

SPDR MSCI ACWI Climate Paris Aligned ETF

NZAC Description

The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to exceed the minimum standards for a "Paris-Aligned Benchmark" under the EU BMR. A Paris-Aligned Benchmark is designed to align with a principal objective of the Paris Agreement to limit the increase in the global average temperature to well below 2 degrees Celsius above pre-industrial levels.

Grade (RS Rating)

Last Trade

$37.32

Average Daily Volume

6,937

Number of Holdings ^*

370

* may have additional holdings in another (foreign) market

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

$18.69

Average Daily Volume

445,126

Number of Holdings ^*

392

* may have additional holdings in another (foreign) market

Performance

Period	NZAC	BTAL
30 Days	0.97%	-4.57%
60 Days	0.81%	-3.16%
90 Days	2.64%	-3.70%
12 Months	25.98%	-6.81%

140 Overlapping Holdings

Symbol	Grade	Weight in NZAC	Weight in BTAL	Overlap
ABBV	D	0.34%	0.36%	0.34%
ABBV	D	0.6%	0.36%	0.36%
ACGL	D	0.12%	0.38%	0.12%
ACN	C	0.39%	0.44%	0.39%
ADP	B	0.2%	0.46%	0.2%
AIZ	A	0.09%	0.48%	0.09%
ALB	C	0.01%	-0.52%	-0.52%
ALGN	D	0.03%	-0.43%	-0.43%
ALL	A	0.14%	0.48%	0.14%
ALLY	C	0.02%	-0.37%	-0.37%
AMD	F	0.27%	-0.4%	-0.4%
AMGN	D	0.21%	0.37%	0.21%
ANET	C	0.06%	-0.46%	-0.46%
AON	A	0.11%	0.47%	0.11%
AVB	B	0.12%	0.45%	0.12%
AVGO	D	1.1%	-0.45%	-0.45%
AXON	A	0.06%	-0.74%	-0.74%
AZO	C	0.1%	0.33%	0.1%
BBWI	D	0.01%	-0.44%	-0.44%
BLK	C	0.27%	-0.54%	-0.54%
BMRN	D	0.02%	0.29%	0.02%
BMY	B	0.24%	0.51%	0.24%
BRO	B	0.05%	0.47%	0.05%
BX	A	0.19%	-0.57%	-0.57%
BXP	D	0.07%	-0.46%	-0.46%
CARR	D	0.03%	-0.45%	-0.45%
CB	C	0.24%	0.45%	0.24%
CBOE	B	0.03%	0.43%	0.03%
CBRE	B	0.18%	-0.51%	-0.51%
CEG	D	0.04%	-0.52%	-0.52%
CG	A	0.02%	-0.55%	-0.55%
CHD	B	0.1%	0.47%	0.1%
CINF	A	0.07%	0.49%	0.07%
CME	A	0.12%	0.47%	0.12%
CMG	B	0.07%	0.45%	0.07%
COIN	C	0.04%	-0.71%	-0.71%
CRWD	B	0.02%	-0.57%	-0.57%
CSCO	B	0.4%	0.49%	0.4%
CSGP	D	0.02%	-0.42%	-0.42%
CSX	B	0.09%	0.45%	0.09%
CTSH	B	0.08%	0.43%	0.08%
DASH	A	0.02%	-0.59%	-0.59%
DGX	A	0.02%	0.45%	0.02%
EFX	F	0.03%	-0.35%	-0.35%
EG	C	0.03%	0.42%	0.03%
EL	F	0.03%	-0.31%	-0.31%
ELV	F	0.17%	0.33%	0.17%
ENPH	F	0.05%	-0.23%	-0.23%
EQR	B	0.07%	0.44%	0.07%
ERIE	D	0.03%	0.38%	0.03%
ETN	A	0.28%	-0.52%	-0.52%
EW	C	0.11%	-0.44%	-0.44%
FFIV	B	0.18%	0.52%	0.18%
FOXA	B	0.04%	0.48%	0.04%
FTNT	C	0.09%	0.52%	0.09%
GILD	C	0.06%	0.49%	0.06%
GIS	D	0.08%	0.38%	0.08%
GLW	B	0.19%	0.47%	0.19%
HEI	B	0.02%	0.47%	0.02%
HIG	B	0.12%	0.45%	0.12%
HUM	C	0.06%	0.34%	0.06%
IBM	C	0.6%	0.45%	0.45%
IDXX	F	0.06%	-0.39%	-0.39%
ILMN	D	0.04%	-0.43%	-0.43%
INTC	D	0.18%	-0.54%	-0.54%
JNJ	D	0.62%	0.42%	0.42%
JNPR	F	0.13%	0.39%	0.13%
KKR	A	0.13%	-0.55%	-0.55%
LRCX	F	0.1%	-0.36%	-0.36%
LULU	C	0.08%	0.48%	0.08%
LYV	A	0.05%	-0.62%	-0.62%
MCD	D	0.36%	0.42%	0.36%
MKC	D	0.01%	0.41%	0.01%
MKL	A	0.07%	0.53%	0.07%
MMC	B	0.2%	0.42%	0.2%
MOH	F	0.02%	0.36%	0.02%
MRNA	F	0.01%	-0.22%	-0.22%
MRVL	B	0.12%	-0.56%	-0.56%
MSFT	F	4.03%	0.43%	0.43%
MSI	B	0.27%	0.51%	0.27%
MSTR	C	0.02%	1.19%	0.02%
MTCH	D	0.01%	0.35%	0.01%
MU	D	0.09%	-0.43%	-0.43%
NEM	D	0.08%	0.35%	0.08%
NTRS	A	0.05%	-0.54%	-0.54%
NVDA	C	4.67%	-0.48%	-0.48%
O	D	0.07%	0.39%	0.07%
ORLY	B	0.18%	0.5%	0.18%
PAYC	B	0.01%	0.59%	0.01%
PAYX	C	0.08%	0.47%	0.08%
PCAR	B	0.06%	0.51%	0.06%
PFE	D	0.19%	0.37%	0.19%
PGR	A	0.22%	0.45%	0.22%
PINS	D	0.01%	-0.4%	-0.4%
PLD	D	0.21%	-0.39%	-0.39%
PLTR	B	0.07%	-0.87%	-0.87%
PODD	C	0.02%	-0.59%	-0.59%
PWR	A	0.24%	-0.51%	-0.51%
PYPL	B	0.13%	-0.52%	-0.52%
REG	B	0.08%	0.45%	0.08%
RF	A	0.07%	-0.5%	-0.5%
RIVN	F	0.01%	-0.3%	-0.3%
RMD	C	0.07%	-0.45%	-0.45%
ROP	B	0.02%	0.45%	0.02%
SCHW	B	0.19%	-0.56%	-0.56%
SHW	A	0.56%	-0.47%	-0.47%
SMCI	F	0.01%	-0.18%	-0.18%
SNA	A	0.02%	0.55%	0.02%
SNAP	C	0.01%	-0.49%	-0.49%
SQ	B	0.02%	-0.6%	-0.6%
SQ	B	0.01%	-0.6%	-0.6%
T	A	0.18%	0.5%	0.18%
TDY	B	0.1%	0.48%	0.1%
TER	D	0.03%	-0.33%	-0.33%
TFX	F	0.02%	-0.36%	-0.36%
TGT	F	0.02%	-0.44%	-0.44%
TJX	A	0.36%	0.43%	0.36%
TMUS	B	0.13%	0.49%	0.13%
TROW	B	0.05%	-0.48%	-0.48%
TRU	D	0.01%	-0.44%	-0.44%
TRV	B	0.15%	0.52%	0.15%
TSLA	B	1.32%	-0.7%	-0.7%
TT	A	0.02%	-0.51%	-0.51%
TTD	B	0.05%	-0.5%	-0.5%
UBER	D	0.17%	-0.42%	-0.42%
UNH	C	0.77%	0.43%	0.43%
URI	B	0.05%	-0.52%	-0.52%
USB	A	0.12%	-0.49%	-0.49%
VEEV	C	0.03%	-0.46%	-0.46%
VICI	C	0.03%	0.42%	0.03%
VRSN	F	0.01%	0.43%	0.01%
VRT	B	0.02%	-0.67%	-0.67%
VZ	C	0.21%	0.44%	0.21%
WELL	A	0.15%	0.5%	0.15%
WM	A	0.1%	0.45%	0.1%
WPC	D	0.01%	0.41%	0.01%
WRB	A	0.07%	0.45%	0.07%
WTW	B	0.07%	0.45%	0.07%
YUM	B	0.07%	0.43%	0.07%
Z	A	0.02%	-0.56%	-0.56%

NZAC Overweight 230 Positions Relative to BTAL

Symbol	Grade	Weight
AAPL	C	4.47%
AMZN	C	2.38%
META	D	1.62%
GOOG	C	1.45%
JPM	A	1.09%
GOOGL	C	1.03%
LLY	F	0.94%
EIX	B	0.81%
V	A	0.75%
MA	C	0.65%
ORCL	B	0.59%
HD	A	0.58%
NFLX	A	0.49%
MRK	F	0.47%
ADI	D	0.46%
BAC	A	0.44%
CRM	B	0.42%
NVS	D	0.41%
NOW	A	0.39%
BRK.A	B	0.39%
DLR	B	0.39%
SPGI	C	0.38%
ACM	A	0.36%
XYL	D	0.36%
AXP	A	0.36%
WMT	A	0.35%
ADBE	C	0.35%
EQIX	A	0.33%
ITW	B	0.33%
TMO	F	0.32%
BSX	B	0.31%
ISRG	A	0.31%
INTU	C	0.31%
DIS	B	0.29%
AFL	B	0.28%
TXN	C	0.27%
MS	A	0.26%
QCOM	F	0.26%
SYK	C	0.25%
LOW	D	0.25%
CMCSA	B	0.25%
WFC	A	0.25%
PH	A	0.25%
BKNG	A	0.24%
BABA	D	0.24%
MDT	D	0.23%
PNR	A	0.23%
MCO	B	0.22%
GWW	B	0.21%
UNP	C	0.21%
MET	A	0.21%
TD	F	0.19%
PNC	B	0.19%
DHR	F	0.19%
ABT	B	0.19%
FI	A	0.18%
FAST	B	0.17%
SONY	B	0.17%
APO	B	0.17%
HPE	B	0.16%
AMP	A	0.16%
FSLR	F	0.16%
ZTS	D	0.16%
AME	A	0.16%
KLAC	D	0.15%
PRU	A	0.15%
SBUX	A	0.15%
SPG	B	0.15%
EBAY	D	0.14%
HDB	C	0.14%
COF	B	0.14%
DE	A	0.14%
VRTX	F	0.14%
PANW	C	0.14%
AIG	B	0.14%
MELI	D	0.14%
TDG	D	0.13%
ICE	C	0.13%
BK	A	0.13%
CDW	F	0.13%
AMAT	F	0.12%
SHOP	B	0.12%
PPG	F	0.11%
AMT	D	0.11%
BDX	F	0.11%
LI	F	0.11%
PSA	D	0.11%
APH	A	0.11%
INFY	B	0.11%
NKE	D	0.11%
MTB	A	0.1%
ESS	B	0.1%
REGN	F	0.1%
EQH	B	0.1%
IQV	D	0.1%
DEO	F	0.1%
SYF	B	0.09%
ADSK	A	0.09%
ROST	C	0.09%
DFS	B	0.09%
ALLE	D	0.09%
FTV	C	0.09%
SCCO	F	0.08%
PDD	F	0.08%
KDP	D	0.08%
GRMN	B	0.08%
MUFG	B	0.08%
WAB	B	0.08%
RS	B	0.08%
ROK	B	0.08%
BR	A	0.08%
FIS	C	0.07%
RVTY	F	0.07%
UPS	C	0.07%
TRMB	B	0.07%
CCI	D	0.07%
HSBH	B	0.07%
AJG	B	0.07%
AFG	A	0.07%
WIT	A	0.07%
CHTR	C	0.07%
LIN	D	0.07%
A	D	0.06%
VTR	C	0.06%
NTAP	C	0.06%
DHI	D	0.06%
IRM	D	0.06%
MTD	D	0.06%
TCOM	B	0.06%
ECL	D	0.06%
GS	A	0.06%
LEN	D	0.06%
KEYS	A	0.06%
CPAY	A	0.05%
VRSK	A	0.05%
ZBH	C	0.05%
ABNB	C	0.05%
HOLX	D	0.05%
GPN	B	0.05%
HSY	F	0.05%
ULTA	F	0.05%
HSIC	B	0.05%
RJF	A	0.04%
DXCM	D	0.04%
NSC	B	0.04%
UHAL	D	0.04%
CTAS	B	0.04%
BCS	C	0.04%
PHM	D	0.04%
XPEV	C	0.04%
CPRT	A	0.04%
NDAQ	A	0.04%
EXR	D	0.04%
IEX	B	0.04%
BAH	F	0.03%
WDAY	B	0.03%
STE	F	0.03%
NVR	D	0.03%
AZN	D	0.03%
MNST	C	0.03%
AVTR	F	0.03%
XRX	F	0.03%
VLTO	D	0.03%
CCEP	C	0.03%
SBAC	D	0.03%
LKQ	D	0.03%
GDDY	A	0.03%
BIIB	F	0.03%
OMC	C	0.03%
IT	C	0.03%
FOX	A	0.03%
ALNY	D	0.03%
BIDU	F	0.03%
BURL	A	0.03%
STZ	D	0.03%
NIO	F	0.02%
ANSS	B	0.02%
VMC	B	0.02%
TW	A	0.02%
RPRX	D	0.02%
ROL	B	0.02%
STT	A	0.02%
WST	C	0.02%
HBAN	A	0.02%
WAT	B	0.02%
SEIC	B	0.02%
ZM	B	0.02%
ZBRA	B	0.02%
BCH	F	0.02%
ASAI	F	0.02%
CTLT	B	0.02%
BAX	D	0.02%
MAR	B	0.02%
SNOW	C	0.02%
ODFL	B	0.02%
DLTR	F	0.02%
HLT	A	0.02%
LH	C	0.02%
POOL	C	0.02%
MMM	D	0.02%
MBAVU	D	0.01%
QGEN	D	0.01%
EXAS	D	0.01%
SWKS	F	0.01%
WYNN	D	0.01%
STLD	B	0.01%
SUI	D	0.01%
NXPI	D	0.01%
JKHY	D	0.01%
TECH	D	0.01%
BIO	D	0.01%
C	A	0.01%
EPAM	C	0.01%
KVUE	A	0.01%
MAS	D	0.01%
CLX	B	0.01%
DOC	D	0.01%
MKTX	D	0.01%
FDS	B	0.01%
EA	A	0.01%
NBIX	C	0.01%
IPG	D	0.01%
KB	B	0.01%
INCY	C	0.01%
QFIN	B	0.01%
DOCU	A	0.01%
LYG	F	0.01%
TEVA	D	0.01%
NIO	F	0.0%
WIT	A	0.0%

NZAC Underweight 254 Positions Relative to BTAL

Symbol	Grade	Weight
BILL	A	-0.68%
IBKR	A	-0.62%
SFM	A	-0.6%
LPLA	A	-0.59%
HQY	B	-0.58%
UNM	A	-0.57%
ALSN	B	-0.56%
KMI	A	-0.56%
CFLT	B	-0.56%
NWL	B	-0.54%
BKR	B	-0.53%
PCTY	B	-0.53%
WH	B	-0.53%
BWXT	B	-0.53%
TGNA	B	-0.53%
TXRH	C	-0.51%
RLI	B	-0.51%
MCK	B	-0.51%
THG	A	-0.51%
LNG	B	-0.51%
CHH	A	-0.5%
XEL	A	-0.5%
PNM	F	-0.5%
AEE	A	-0.49%
G	B	-0.49%
PKG	A	-0.49%
VFC	C	-0.48%
SIGI	C	-0.48%
RGA	A	-0.48%
VTRS	A	-0.48%
AXS	A	-0.48%
SBRA	C	-0.47%
DBX	B	-0.47%
HON	B	-0.47%
KR	B	-0.47%
CW	B	-0.47%
RYAN	B	-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	B	-0.46%
WEC	A	-0.46%
ORI	A	-0.46%
UTHR	C	-0.45%
ARMK	B	-0.45%
COR	B	-0.45%
ADC	B	-0.45%
HPQ	B	-0.45%
L	A	-0.45%
PNW	B	-0.45%
CHRW	C	-0.45%
XOM	B	-0.44%
JAZZ	B	-0.44%
DECK	A	-0.44%
CMS	C	-0.44%
BWA	D	-0.44%
CDP	C	-0.44%
NEU	C	-0.44%
DOX	D	-0.43%
DLB	B	-0.43%
CLH	B	-0.43%
ZI	D	-0.43%
MUSA	A	-0.43%
DD	D	-0.43%
RTX	C	-0.43%
X	C	-0.43%
RSG	A	-0.43%
OHI	C	-0.43%
ELS	C	-0.43%
CCK	C	-0.43%
DUK	C	-0.43%
MSM	C	-0.43%
COLM	B	-0.43%
FLO	D	-0.42%
AVT	C	-0.42%
CACI	D	-0.42%
CXT	B	-0.42%
ED	D	-0.42%
GLPI	C	-0.42%
HRB	D	-0.41%
J	F	-0.41%
SNX	C	-0.41%
OLLI	D	-0.41%
GD	F	-0.41%
PAG	B	-0.41%
BG	F	-0.4%
SAIC	F	-0.4%
CI	F	-0.4%
CHE	D	-0.4%
MSA	D	-0.4%
NOC	D	-0.4%
TXT	D	-0.4%
ASGN	F	-0.39%
WTM	A	-0.39%
AMCR	D	-0.39%
FANG	D	-0.39%
KHC	F	-0.38%
CPB	D	-0.38%
ON	D	-0.38%
OXY	D	-0.38%
MOS	F	-0.38%
LMT	D	-0.38%
FCN	D	-0.38%
FMC	D	-0.37%
MAN	D	-0.37%
KBR	F	-0.37%
ARW	D	-0.37%
KO	D	-0.37%
GPC	D	-0.37%
TNET	D	-0.37%
DVN	F	-0.37%
MUR	D	-0.37%
ST	F	-0.36%
AKAM	D	-0.36%
FOXF	F	-0.35%
MDU	D	-0.32%
CNC	D	-0.32%
SRPT	D	-0.32%
AGL	F	-0.16%
SEDG	F	--0.19%
RUN	F	--0.21%
CNXC	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%
OPEN	D	--0.3%
BRZE	C	--0.33%
COTY	F	--0.33%
AMKR	D	--0.34%
ELF	C	--0.35%
SHLS	F	--0.35%
ARWR	F	--0.35%
AES	F	--0.35%
DKS	C	--0.37%
WMS	D	--0.37%
RGEN	D	--0.37%
NVCR	C	--0.38%
RIG	D	--0.38%
CNM	D	--0.38%
DINO	D	--0.39%
KSS	F	--0.39%
ELAN	D	--0.39%
WBA	F	--0.4%
ARE	D	--0.4%
FND	C	--0.4%
MKSI	C	--0.4%
BLD	D	--0.4%
KMX	B	--0.4%
FBIN	D	--0.41%
ROIV	C	--0.41%
AGNC	D	--0.41%
W	F	--0.41%
POWI	D	--0.41%
CRL	C	--0.41%
DNLI	D	--0.42%
CHX	C	--0.42%
AWK	D	--0.42%
FCX	D	--0.42%
CZR	F	--0.42%
CWEN	C	--0.42%
CC	C	--0.43%
CRSP	D	--0.43%
MGM	D	--0.43%
PATH	C	--0.43%
SSD	D	--0.43%
SEE	C	--0.44%
THO	B	--0.44%
BLDR	D	--0.44%
F	C	--0.44%
UGI	A	--0.44%
RYN	D	--0.44%
APG	B	--0.44%
TREX	C	--0.45%
NWE	B	--0.45%
D	C	--0.45%
DAR	C	--0.45%
MTDR	B	--0.45%
OC	A	--0.46%
SMG	D	--0.46%
LAMR	D	--0.46%
ZS	C	--0.46%
KRC	C	--0.46%
JLL	D	--0.46%
PENN	C	--0.46%
TOL	B	--0.47%
ROKU	D	--0.47%
HHH	B	--0.47%
LNC	B	--0.48%
AXTA	A	--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%
CFG	B	--0.49%
NVT	B	--0.49%
NET	B	--0.5%
CAR	C	--0.51%
RMBS	C	--0.51%
GNRC	B	--0.51%
RBLX	C	--0.51%
RRC	B	--0.51%
LPX	B	--0.52%
COHR	B	--0.52%
PEN	B	--0.52%
IOT	A	--0.52%
VNO	B	--0.52%
DELL	C	--0.53%
ZION	B	--0.53%
MDB	C	--0.53%
AR	B	--0.53%
JHG	A	--0.53%
EXP	A	--0.53%
RH	B	--0.53%
FYBR	D	--0.53%
DKNG	B	--0.53%
SNV	B	--0.54%
FOUR	B	--0.54%
XPO	B	--0.54%
CMA	A	--0.54%
PNFP	B	--0.55%
WCC	B	--0.55%
AA	B	--0.56%
DAY	B	--0.56%
GME	C	--0.56%
EXPE	B	--0.56%
TDOC	C	--0.56%
NTRA	B	--0.56%
GTLS	B	--0.58%
OWL	A	--0.58%
TPG	A	--0.58%
EQT	B	--0.59%
SAIA	B	--0.59%
LITE	B	--0.62%
DUOL	A	--0.63%
CCL	B	--0.63%
LYFT	C	--0.65%
CVNA	B	--0.68%
DAL	C	--0.68%
PTON	B	--0.69%
TOST	B	--0.71%
HOOD	B	--0.72%
VST	B	--0.76%
SOFI	A	--0.79%
AFRM	B	--0.84%