QAI vs. GAL ETF Comparison
Comparison of IQ Hedge MultiIQ Hedge Multi-Strategy Tracker ETF (QAI) to SPDR SSgA Global Allocation ETF (GAL)
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
32
GAL
SPDR SSgA Global Allocation ETF
GAL Description
The investment seeks to provide capital appreciation. The fund invests substantially all of its assets in the SSgA Global Allocation Portfolio (the "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 typically allocates approximately 60% of its assets to equity securities, though this percentage can vary based on the Adviser's tactical decisions.Grade (RS Rating)
Last Trade
$45.08
Average Daily Volume
13,841
9
Performance
| Period | QAI | GAL |
|---|---|---|
| 30 Days | 0.86% | -0.19% |
| 60 Days | 1.79% | 0.19% |
| 90 Days | 2.63% | 0.99% |
| 12 Months | 10.59% | 16.41% |
QAI Overweight 30 Positions Relative to GAL
| Symbol | Grade | Weight | |
|---|---|---|---|
| FLOT | A | 17.06% | |
| MUB | B | 2.71% | |
| 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% | |
| 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% | |
| BTAL | D | -2.68% |
QAI: Top Represented Industries & Keywords
GAL: Top Represented Industries & Keywords
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