ARP vs. QAI ETF Comparison

Comparison of PMV Adaptive Risk Parity ETF (ARP) to IQ Hedge MultiIQ Hedge Multi-Strategy Tracker ETF (QAI)

ARP

PMV Adaptive Risk Parity ETF

ARP Description

The PMV Adaptive Risk Parity ETF (the “Fund”) is an actively managed fund that seeks to generate capital appreciation, with lower volatility and reduced correlation to the overall equity market, by taking advantage of broad asset class trends throughout the market cycle.

Grade (RS Rating)

Last Trade

$28.81

Average Daily Volume

2,155

Number of Holdings ^*

5

* 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

$32.08

Average Daily Volume

157,425

Number of Holdings ^*

35

* may have additional holdings in another (foreign) market

Performance

Period	ARP	QAI
30 Days	2.69%	2.49%
60 Days	7.55%	5.18%
90 Days	2.01%	2.75%
12 Months	19.81%	11.80%

0 Overlapping Holdings

	Symbol	Grade	Weight in ARP	Weight in QAI	Overlap

ARP Overweight 5 Positions Relative to QAI

	Symbol	Grade	Weight
	VOO	A	41.16%
	PHYS	A	19.85%
	QQQ	B	12.38%
	VWO	A	7.05%
	VGLT	D	5.72%

ARP Underweight 35 Positions Relative to QAI

	Symbol	Grade	Weight
	FLOT	A	-15.56%
	MUB	B	-3.01%
	PIN	D	-0.0%
	JEPQ	A	--0.01%
	KMLM	F	--0.02%
	SPHQ	B	--0.02%
	CTA	B	--0.02%
	COMT	B	--0.03%
	FLJP	B	--0.04%
	PFFD	B	--0.04%
	GLDM	B	--0.04%
	DBMF	D	--0.09%
	ARB	A	--0.1%
	JEPI	A	--0.14%
	PDBC	B	--0.16%
	STIP	B	--0.17%
	SRLN	A	--0.19%
	VTEB	B	--0.24%
	DBA	C	--0.24%
	BBJP	B	--0.25%
	BKLN	A	--0.25%
	MTUM	A	--0.25%
	PFF	B	--0.27%
	ICVT	A	--0.34%
	SCHR	C	--0.37%
	MNA	A	--0.39%
	FLRN	A	--0.48%
	CWB	A	--0.6%
	IGOV	D	--0.61%
	SGOV	B	--0.66%
	UUP	B	--0.66%
	BIL	B	--0.95%
	BWX	D	--1.16%
	VGIT	C	--1.31%
	BTAL	D	--2.8%

ARP: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Stock Market Index Active Management Barclays U.S. Long Government Bloomberg Barclays Us Aggregate Bond Index Bond Bond Market Indices Bullion Corporate Bond Economic Geography Emerging Market Exchange Traded Funds Exchange Traded Products Fixed Income Ftse Emerging Index Government Bond Index Fund Inflation Invesco Powershares

QAI: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Index Fund Bond Bond Market Indices U.S. Treasury Bond Market Exchange Traded Funds Invesco Powershares Managed Futures Account Commodity Markets Stock Market Index Swaps Bloomberg Barclays Us Aggregate Bond Index Arbitrage Betashares Commodity Risk Arbitrage Stock Fund U.S. Government