BITQ vs. QUAL ETF Comparison

Comparison of Bitwise Crypto Industry Innovators ETF (BITQ) to iShares MSCI USA Quality Factor ETF (QUAL)
BITQ

Bitwise Crypto Industry Innovators ETF

BITQ Description

The Bitwise Crypto Industry Innovators ETF (the Fund”) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Bitwise Crypto Innovators 30 Index. The Index was designed to measure the performance of companies leading the rapidly emerging crypto economy. At least 85% of the index is focused on pure-play crypto companies, including bitcoin and crypto trading venues, crypto mining and mining equipment firms, and service providers. Examples include Coinbase (COIN), Silvergate Capital (SI), and MicroStrategy (MSTR). Up to 15% of the index is focused on supporting companies: Innovative large cap firms with diversified business interests that include at least one significant business line focused on the crypto economy. Examples include PayPal (PYPL), Nvidia (NVDA), and Square (SQ). The fund offers investors a picks and shovels approach to investing in the crypto economy

Grade (RS Rating)

Last Trade

$20.86

Average Daily Volume

137,443

Number of Holdings *

19

* may have additional holdings in another (foreign) market
QUAL

iShares MSCI USA Quality Factor ETF

QUAL Description The investment seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks with quality characteristics as identified through certain fundamental metrics. The fund seeks to track the investment results of the MSCI USA Quality Index (the "underlying index"), which is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid-capitalization stocks. It generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$182.63

Average Daily Volume

890,900

Number of Holdings *

123

* may have additional holdings in another (foreign) market
Performance
Period BITQ QUAL
30 Days 24.68% 0.39%
60 Days 59.64% 2.37%
90 Days 46.91% 2.96%
12 Months 160.22% 30.38%
4 Overlapping Holdings
Symbol Grade Weight in BITQ Weight in QUAL Overlap
BLK B 1.04% 0.99% 0.99%
CME B 0.88% 0.52% 0.52%
MA B 0.94% 4.22% 0.94%
V A 0.95% 4.5% 0.95%
BITQ Overweight 15 Positions Relative to QUAL
Symbol Grade Weight
MSTR B 16.51%
COIN C 10.9%
MARA B 8.95%
WULF C 4.83%
RIOT C 4.82%
CIFR C 4.79%
CLSK C 4.48%
IREN C 4.16%
APLD B 2.82%
BTBT C 2.25%
IBKR A 1.25%
PYPL B 1.08%
BK A 1.01%
NU C 0.96%
MELI C 0.82%
BITQ Underweight 119 Positions Relative to QUAL
Symbol Grade Weight
NVDA B -6.93%
AAPL C -5.44%
MSFT D -4.5%
META D -4.09%
LLY F -3.42%
UNH B -2.81%
COST A -2.55%
JNJ C -2.15%
TJX A -2.03%
GOOGL C -1.77%
ADBE C -1.76%
NFLX A -1.76%
ADP A -1.75%
CSCO B -1.74%
COP C -1.73%
ACN B -1.67%
GOOG C -1.55%
KO D -1.43%
NKE F -1.41%
CAT B -1.4%
TXN C -1.34%
CMG B -1.26%
AMAT F -1.17%
QCOM F -1.15%
LIN C -1.14%
PEP F -1.1%
LMT D -1.08%
SRE A -0.93%
SLB C -0.89%
KLAC F -0.77%
MMC B -0.74%
ANET C -0.73%
ITW B -0.73%
LRCX F -0.73%
PLD F -0.71%
DHI F -0.7%
PEG A -0.69%
LULU C -0.66%
VRTX D -0.62%
CTAS B -0.6%
GWW B -0.59%
CDNS B -0.58%
TPL A -0.58%
SHW B -0.57%
PSA C -0.55%
MCO B -0.53%
NVR D -0.52%
SNPS B -0.51%
ZTS D -0.51%
ED C -0.5%
APH A -0.5%
MMM D -0.5%
PAYX B -0.49%
DECK A -0.49%
GRMN B -0.48%
TSCO D -0.43%
PHM D -0.43%
AFL B -0.42%
FAST B -0.42%
ATO A -0.4%
APD A -0.35%
CBRE B -0.35%
ODFL C -0.34%
AMP A -0.33%
ULTA F -0.31%
IDXX F -0.3%
WSM C -0.29%
BBY D -0.29%
FERG B -0.28%
ACGL C -0.26%
CSGP D -0.26%
AVB B -0.24%
EW C -0.24%
ROK C -0.22%
POOL C -0.22%
EQT B -0.22%
VLTO C -0.21%
MNST C -0.21%
NTAP C -0.21%
MANH D -0.2%
EA A -0.2%
A D -0.2%
APA D -0.19%
TROW B -0.19%
MPWR F -0.18%
EQR C -0.18%
EME A -0.17%
RMD C -0.17%
LPLA A -0.17%
VEEV C -0.16%
PPG F -0.15%
HSY F -0.15%
KEYS A -0.15%
CBOE C -0.14%
WAT C -0.13%
ROL B -0.12%
WSO A -0.12%
WST C -0.12%
FDS B -0.12%
EXPD C -0.12%
GGG B -0.11%
OMC C -0.1%
PKG A -0.1%
ERIE D -0.09%
RS B -0.09%
MOH F -0.09%
JKHY D -0.09%
AVY F -0.08%
PAYC B -0.08%
UTHR C -0.08%
SEIC B -0.07%
MKTX D -0.07%
ENPH F -0.06%
SMCI F -0.06%
AOS F -0.06%
AFG A -0.06%
SOLV D -0.05%
IPG D -0.05%
WBA F -0.03%
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