RATE vs. PABD ETF Comparison

Comparison of Global X Interest Rate Hedge ETF (RATE) to iShares Paris-Aligned Climate MSCI World ex USA ETF (PABD)

RATE

Global X Interest Rate Hedge ETF

RATE Description

The fund is an actively managed exchange traded fund that seeks to achieve its investment objective primarily by investing in (1) long put options position(s) on exchange traded funds that primarily invest in U.S. Treasuries and/or long put options position(s) on U.S. Treasury futures, and/or (2) long interest rate payer swap options ("swaptions"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$19.85

Average Daily Volume

2,133

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PABD

iShares Paris-Aligned Climate MSCI World ex USA ETF

PABD Description

The index is composed of large- and mid-cap developed market equities, excluding the U.S., that are selected and weighted so that, in the aggregate, the portfolio is compatible with the objectives of the Paris Agreement by following a decarbonization trajectory, reducing exposure to climate-related transition and physical risks and increasing exposure to companies favorably positioned for the transition to a low-carbon economy. The fund generally will invest at least 90% of its assets in the component securities of its index.

Grade (RS Rating)

Last Trade

$53.09

Average Daily Volume

222

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RATE	PABD
30 Days	0.68%	-2.29%
60 Days	13.98%	-5.49%
90 Days	11.14%	-5.34%
12 Months	-4.20%

0 Overlapping Holdings

	Symbol	Grade	Weight in RATE	Weight in PABD	Overlap

RATE Overweight 1 Positions Relative to PABD

	Symbol	Grade	Weight
	CLIP	A	82.29%

RATE Underweight 4 Positions Relative to PABD

Symbol	Grade	Weight
NVO	D	-2.06%
NVS	D	-1.3%
RY	A	-1.15%
ABBV	D	-1.12%

RATE: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund Mortgage Backed Security Securitization U.S. Treasury Wagering

PABD: Top Represented Industries & Keywords

Industries: Drug Manufacturers - Major Banks - Global Biotechnology