OVM vs. QAI ETF Comparison

Comparison of Overlay Shares Municipal Bond ETF (OVM) to IQ Hedge MultiIQ Hedge Multi-Strategy Tracker ETF (QAI)

OVM

Overlay Shares Municipal Bond ETF

OVM Description

The investment seeks total return. The fund is an actively-managed exchange-traded fund (ETF) that seeks to achieve its objective by (i) investing in one or more other ETFs that seek to obtain exposure to the performance of investment grade municipal bonds and below investment grade municipal bonds or directly in the securities held by such ETFs and (ii) selling and purchasing listed short-term put options to generate income to the fund.

Grade (RS Rating)

Last Trade

$22.24

Average Daily Volume

7,608

Number of Holdings ^*

* 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

$32.40

Average Daily Volume

89,399

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	OVM	QAI
30 Days	0.49%	0.86%
60 Days	-0.17%	1.79%
90 Days	0.41%	2.63%
12 Months	7.22%	10.59%

1 Overlapping Holdings

	Symbol	Grade	Weight in OVM	Weight in QAI	Overlap
	MUB	B	99.81%	2.71%	2.71%

OVM Overweight 0 Positions Relative to QAI

	Symbol	Grade	Weight

OVM Underweight 31 Positions Relative to QAI

Symbol	Grade	Weight
FLOT	A	-17.06%
SIVR	C	-0.03%
PIN	D	-0.0%
FLJP	D	-0.0%
KMLM	F	--0.02%
SPHQ	A	--0.02%
CTA	A	--0.02%
BBJP	D	--0.02%
COMT	C	--0.03%
PFFD	D	--0.04%
JEPI	A	--0.05%
DBMF	D	--0.07%
ARB	A	--0.09%
PDBC	C	--0.14%
SRLN	A	--0.18%
BKLN	A	--0.2%
VTEB	B	--0.21%
DBA	B	--0.22%
MTUM	A	--0.22%
PFF	D	--0.23%
STIP	C	--0.31%
MNA	C	--0.33%
ICVT	A	--0.33%
FLRN	A	--0.47%
CWB	A	--0.58%
UUP	A	--0.61%
SGOV	B	--0.72%
BIL	A	--0.94%
IGOV	F	--1.0%
BWX	F	--2.12%
BTAL	D	--2.68%

OVM: Top Represented Industries & Keywords

Industries:

Keywords: Bond Bond Market Bond Market Indices ETF Exchange Traded Fund Stock Fund

QAI: Top Represented Industries & Keywords

Industries: