BTAL vs. BNDX ETF Comparison

Comparison of QuantShares U.S. Market Neutral Anti Beta Fund ETF (BTAL) to Vanguard Total International Bond ETF (BNDX)

BTAL

QuantShares U.S. Market Neutral Anti Beta Fund ETF

BTAL Description

The investment seeks performance results that correspond to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Thematic Market Neutral Anti-Beta Index. The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stock, including the short positions, in the Target Anti-Beta Index. The Target Anti-Beta Index is a market neutral index that is dollar-neutral. As such, it identifies long and short securities positions of approximately equal dollar amounts. In choosing to track a market neutral index, the fund seeks to limit the effects of general market movements on the fund.

Grade (RS Rating)

Last Trade

$19.23

Average Daily Volume

496,442

Number of Holdings ^*

391

* may have additional holdings in another (foreign) market

BNDX

Vanguard Total International Bond ETF

BNDX Description

The investment seeks to track the performance of a benchmark index that measures the investment return of non-U.S. dollar-denominated investment-grade bonds. The fund employs an indexing investment approach designed to track the performance of the Barclays Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). This Index provides a broad-based measure of the global, investment-grade, fixed-rate debt markets. It invests by sampling the index. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds included in the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$49.94

Average Daily Volume

2,841,071

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BTAL	BNDX
30 Days	-1.33%	-0.40%
60 Days	-1.69%	-0.07%
90 Days	-4.71%	0.51%
12 Months	-4.90%	7.12%

1 Overlapping Holdings

	Symbol	Grade	Weight in BTAL	Weight in BNDX	Overlap
	IBM	C	0.46%	0.01%	0.01%

BTAL Overweight 390 Positions Relative to BNDX

Symbol	Grade	Weight
MSTR	A	1.11%
BILL	B	0.72%
PAYC	B	0.62%
SFM	A	0.62%
IBKR	A	0.61%
LPLA	A	0.59%
ZI	D	0.58%
CFLT	B	0.57%
HQY	A	0.57%
PCTY	B	0.57%
SNA	B	0.56%
TGNA	B	0.56%
UNM	A	0.56%
ALSN	B	0.56%
FTNT	B	0.56%
KMI	A	0.55%
WH	B	0.55%
NWL	B	0.55%
BWXT	A	0.54%
GILD	C	0.53%
CACI	C	0.53%
FFIV	B	0.53%
BMY	A	0.53%
PCAR	C	0.53%
BKR	B	0.53%
CW	B	0.52%
RLI	A	0.51%
TRV	A	0.51%
TXRH	B	0.51%
SAIC	F	0.51%
THG	A	0.51%
LNG	A	0.51%
MCK	A	0.51%
G	B	0.51%
ORLY	B	0.51%
MKL	A	0.51%
MSI	B	0.51%
PKG	B	0.5%
UTHR	C	0.5%
LULU	C	0.5%
CSCO	B	0.5%
SBRA	B	0.5%
TDY	B	0.5%
SIGI	B	0.49%
AEE	A	0.49%
T	A	0.49%
KR	B	0.49%
XEL	A	0.49%
GLW	B	0.49%
PAYX	B	0.49%
WELL	A	0.49%
CHH	A	0.49%
VFC	C	0.49%
DBX	C	0.49%
TMUS	B	0.49%
FOXA	B	0.49%
JAZZ	C	0.48%
AON	B	0.48%
BRO	B	0.48%
VTRS	A	0.48%
ADP	B	0.48%
RYAN	B	0.48%
PNM	B	0.48%
HON	B	0.48%
CINF	A	0.48%
DRI	C	0.47%
ROP	C	0.47%
WEN	C	0.47%
AXS	A	0.47%
CME	A	0.47%
CDP	C	0.47%
DOX	D	0.47%
ALL	A	0.47%
MSM	D	0.47%
RGA	B	0.47%
WEC	A	0.46%
X	C	0.46%
EDR	A	0.46%
CTSH	C	0.46%
CCK	D	0.46%
NEU	D	0.46%
CHD	A	0.46%
CLH	C	0.46%
WTW	B	0.46%
ARMK	C	0.46%
ORI	A	0.46%
AIZ	A	0.46%
PGR	B	0.46%
SLGN	A	0.46%
CMG	C	0.46%
COR	B	0.46%
HEI	A	0.46%
CSX	C	0.46%
RNR	C	0.46%
WM	B	0.46%
L	A	0.45%
LNT	A	0.45%
RTX	D	0.45%
ACN	C	0.45%
REG	A	0.45%
HPQ	B	0.45%
OHI	B	0.45%
ADC	A	0.45%
BWA	D	0.45%
KBR	F	0.45%
HIG	B	0.45%
CHRW	B	0.45%
PNW	B	0.45%
DGX	A	0.45%
GD	D	0.45%
AVB	B	0.45%
XOM	B	0.44%
CMS	C	0.44%
MSFT	D	0.44%
VRSN	F	0.44%
MUSA	B	0.44%
CB	C	0.44%
RSG	A	0.44%
NOC	D	0.44%
COLM	B	0.44%
ELS	B	0.44%
DECK	A	0.44%
ASGN	F	0.44%
DLB	F	0.44%
WRB	B	0.44%
CF	A	0.44%
UNH	C	0.44%
J	D	0.43%
JNPR	D	0.43%
DUK	C	0.43%
EQR	C	0.43%
YUM	D	0.43%
MCD	D	0.43%
TJX	A	0.43%
DD	D	0.43%
PAG	B	0.42%
SNX	D	0.42%
GLPI	C	0.42%
MSA	D	0.42%
MMC	D	0.42%
EG	D	0.42%
OLLI	D	0.42%
MKC	D	0.42%
CXT	C	0.42%
ED	C	0.42%
CI	D	0.42%
VZ	C	0.42%
TXT	D	0.42%
AVT	C	0.42%
TNET	F	0.41%
VICI	C	0.41%
CHE	F	0.41%
LMT	D	0.41%
JNJ	D	0.41%
FLO	D	0.41%
CBOE	C	0.41%
O	C	0.4%
MOH	F	0.4%
FCN	F	0.4%
ACGL	D	0.4%
ON	F	0.4%
WPC	C	0.4%
AMGN	D	0.4%
HRB	D	0.4%
MOS	D	0.39%
KHC	F	0.39%
ERIE	F	0.39%
FANG	D	0.39%
GIS	F	0.39%
PFE	F	0.39%
WTM	A	0.39%
AMCR	D	0.39%
KO	D	0.38%
OXY	F	0.38%
BG	D	0.38%
AKAM	F	0.38%
CPB	D	0.38%
FOXF	F	0.37%
MUR	F	0.37%
GPC	F	0.37%
DVN	F	0.37%
FMC	D	0.37%
ABBV	F	0.37%
ARW	F	0.37%
ST	F	0.37%
MAN	F	0.37%
MTCH	F	0.36%
HUM	D	0.35%
SRPT	F	0.35%
NEM	D	0.34%
ELV	F	0.34%
AZO	C	0.33%
CNC	F	0.32%
MDU	D	0.31%
BMRN	F	0.31%
AGL	F	0.19%
SMCI	F	-0.18%
SEDG	F	-0.21%
RUN	F	-0.21%
ENPH	F	-0.22%
MRNA	F	-0.24%
CE	F	-0.25%
CNXC	F	-0.25%
MPWR	F	-0.27%
TXG	F	-0.3%
WOLF	F	-0.3%
EL	F	-0.3%
CELH	F	-0.3%
RIVN	F	-0.32%
NTLA	F	-0.32%
OPEN	F	-0.33%
COTY	F	-0.34%
BRZE	C	-0.34%
AES	F	-0.34%
RKT	F	-0.34%
AMKR	F	-0.35%
TER	F	-0.35%
TFX	F	-0.36%
DKS	D	-0.37%
CNM	C	-0.37%
WMS	F	-0.37%
PLD	D	-0.38%
DINO	D	-0.38%
RIG	D	-0.38%
ELF	C	-0.38%
ALLY	C	-0.38%
LRCX	F	-0.39%
EFX	F	-0.39%
SHLS	F	-0.4%
FND	F	-0.4%
W	D	-0.4%
IDXX	F	-0.4%
KMX	C	-0.4%
ARWR	D	-0.4%
ARE	F	-0.41%
AWK	C	-0.41%
KSS	F	-0.41%
BLD	F	-0.41%
CWEN	C	-0.41%
ALGN	D	-0.41%
ELAN	D	-0.41%
AGNC	C	-0.41%
FCX	F	-0.42%
MKSI	C	-0.42%
WBA	F	-0.42%
AMD	F	-0.42%
EW	C	-0.42%
NVCR	D	-0.43%
TGT	B	-0.43%
CHX	C	-0.43%
RYN	D	-0.43%
ROIV	D	-0.43%
POWI	D	-0.43%
CSGP	F	-0.43%
PINS	F	-0.43%
UGI	C	-0.43%
MGM	D	-0.43%
FBIN	F	-0.43%
BLDR	D	-0.44%
BBWI	C	-0.44%
MTDR	C	-0.44%
SSD	D	-0.44%
F	C	-0.44%
CC	D	-0.44%
UBER	F	-0.44%
APG	C	-0.45%
DAR	B	-0.45%
OC	A	-0.45%
SEE	D	-0.45%
NWE	C	-0.45%
THO	C	-0.45%
D	C	-0.45%
RGEN	F	-0.45%
MU	D	-0.46%
CRSP	D	-0.46%
CARR	D	-0.46%
RMD	C	-0.46%
CZR	F	-0.46%
SMG	C	-0.46%
PATH	C	-0.46%
AVGO	C	-0.47%
TOL	B	-0.47%
CRL	D	-0.47%
JLL	D	-0.47%
TRU	D	-0.47%
LAMR	D	-0.47%
BXP	D	-0.47%
CFG	B	-0.48%
ROKU	D	-0.48%
KRC	C	-0.48%
TROW	B	-0.48%
SHW	C	-0.48%
ZS	B	-0.48%
OZK	B	-0.49%
LNC	B	-0.49%
PENN	C	-0.49%
AXTA	B	-0.49%
ITT	A	-0.49%
ANET	C	-0.49%
NTRA	A	-0.49%
NET	B	-0.49%
NRG	B	-0.49%
ILMN	C	-0.49%
USB	B	-0.49%
HHH	B	-0.49%
TREX	D	-0.49%
RRC	B	-0.5%
NVT	C	-0.5%
CAR	C	-0.5%
GH	B	-0.5%
RF	A	-0.5%
VEEV	C	-0.51%
LPX	B	-0.51%
PEN	B	-0.51%
CBRE	B	-0.51%
ALB	B	-0.51%
TT	A	-0.51%
WAL	B	-0.51%
PWR	A	-0.51%
PFGC	B	-0.51%
NVDA	A	-0.51%
USFD	A	-0.51%
SNAP	D	-0.52%
CEG	C	-0.52%
DKNG	B	-0.52%
FYBR	C	-0.52%
AR	B	-0.52%
ETN	B	-0.53%
FOUR	A	-0.53%
GNRC	B	-0.53%
NTRS	A	-0.53%
JHG	B	-0.53%
INTC	C	-0.53%
PYPL	B	-0.53%
DNLI	C	-0.53%
AA	A	-0.53%
MDB	C	-0.54%
SCHW	A	-0.54%
RBLX	B	-0.54%
URI	B	-0.54%
RMBS	C	-0.54%
ZION	B	-0.54%
DELL	B	-0.54%
KKR	A	-0.55%
RH	D	-0.55%
VNO	C	-0.55%
CMA	B	-0.55%
WCC	B	-0.55%
IOT	A	-0.55%
EXP	B	-0.55%
EXPE	B	-0.56%
XPO	B	-0.56%
PNFP	B	-0.56%
BX	A	-0.56%
TTD	B	-0.56%
OWL	A	-0.57%
COHR	B	-0.57%
GME	C	-0.57%
Z	A	-0.57%
CRWD	B	-0.57%
CG	B	-0.57%
SNV	B	-0.57%
SQ	A	-0.58%
EQT	A	-0.59%
TPG	A	-0.59%
MRVL	B	-0.59%
LYV	A	-0.6%
DASH	A	-0.6%
GTLS	A	-0.6%
TDOC	D	-0.6%
DAY	B	-0.6%
SAIA	C	-0.62%
CCL	A	-0.63%
PODD	B	-0.63%
DUOL	A	-0.65%
LITE	B	-0.66%
TSLA	A	-0.68%
HOOD	A	-0.68%
VRT	A	-0.68%
LYFT	C	-0.69%
COIN	A	-0.69%
CVNA	A	-0.69%
DAL	A	-0.69%
TOST	A	-0.7%
AXON	A	-0.74%
VST	A	-0.74%
PTON	C	-0.76%
SOFI	A	-0.78%
AFRM	A	-0.78%
PLTR	A	-0.85%

BTAL Underweight 0 Positions Relative to BNDX

	Symbol	Grade	Weight