QAI vs. SECT ETF Comparison
Comparison of IQ Hedge MultiIQ Hedge Multi-Strategy Tracker ETF (QAI) to Main Sector Rotation ETF (SECT)
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
$31.00
Average Daily Volume
95,266
43
SECT
Main Sector Rotation ETF
SECT Description
The investment seeks to outperform the S&P 500 in rising markets while limiting losses during periods of decline. The fund utilizes a fund of funds structure to invest in sector based equity ETFs. It seeks to achieve its objective through dynamic sector rotation. The Adviser focuses its research primarily on sector selection by carefully reviewing the sector, industry, and sub-industries in the fund's portfolio. The Adviser chooses sectors it believes are undervalued and poised to respond favorably to financial market catalysts. The fund sell a security when it achieves its target price and is, in the opinion of the Adviser, no longer undervalued.Grade (RS Rating)
Last Trade
$50.80
Average Daily Volume
80,004
7
Performance
| Period | QAI | SECT |
|---|---|---|
| 30 Days | 2.11% | 6.08% |
| 60 Days | 1.21% | 3.19% |
| 90 Days | 2.31% | 4.79% |
| 12 Months | 10.00% | 24.45% |
1 Overlapping Holdings
| Symbol | Grade | Weight in QAI | Weight in SECT | Overlap | |
|---|---|---|---|---|---|
| BIL | B | -2.07% | 0.0% | -2.07% |
QAI Overweight 42 Positions Relative to SECT
| Symbol | Grade | Weight | |
|---|---|---|---|
| FLOT | A | 15.65% | |
| MUB | C | 3.6% | |
| SIVR | A | 0.0% | |
| GLDM | B | -0.01% | |
| SPHQ | B | -0.01% | |
| PIN | A | -0.01% | |
| FLJP | D | -0.01% | |
| VGLT | C | -0.02% | |
| CTA | A | -0.03% | |
| BBJP | D | -0.04% | |
| SCHG | B | -0.04% | |
| KMLM | F | -0.05% | |
| COMT | C | -0.05% | |
| PFFD | C | -0.07% | |
| VMBS | B | -0.07% | |
| MBB | B | -0.12% | |
| ARB | C | -0.17% | |
| SOXX | C | -0.19% | |
| DBMF | B | -0.19% | |
| HYLB | A | -0.23% | |
| MTUM | B | -0.29% | |
| PDBC | B | -0.34% | |
| DBA | D | -0.37% | |
| SRLN | A | -0.42% | |
| SCHR | B | -0.42% | |
| JEPI | A | -0.45% | |
| PFF | B | -0.46% | |
| BKLN | A | -0.5% | |
| VTEB | B | -0.52% | |
| ICVT | B | -0.53% | |
| FXB | B | -0.54% | |
| STIP | B | -0.54% | |
| JEPQ | A | -0.54% | |
| MNA | F | -0.67% | |
| FLRN | A | -0.83% | |
| UUP | B | -0.94% | |
| CWB | B | -1.06% | |
| IGOV | C | -1.22% | |
| VGIT | B | -1.26% | |
| SGOV | B | -1.27% | |
| BWX | D | -2.06% | |
| BTAL | D | -3.35% |
QAI: Top Represented Industries & Keywords
SECT: Top Represented Industries & Keywords
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