BTAL vs. FLSP ETF Comparison

Comparison of QuantShares U.S. Market Neutral Anti Beta Fund ETF (BTAL) to Franklin Liberty Systematic Style Premia ETF (FLSP)

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

$19.89

Average Daily Volume

706,428

Number of Holdings ^*

391

* may have additional holdings in another (foreign) market

FLSP

Franklin Liberty Systematic Style Premia ETF

FLSP Description

The investment seeks absolute return. The fund seeks to achieve its investment goal by allocating its assets across two underlying alternative investment strategies, which represent top-down and bottom-up approaches to capturing factor-based risk premia. Through the two strategies, it may invest in or obtain exposure to: (i) equity securities (which may include common stocks and preferred stocks), (ii) debt securities (which may include bonds, notes, debentures, banker's acceptances and commercial paper), (iii) commodity-linked derivative instruments and (iv) currency-related derivative instruments.

Grade (RS Rating)

Last Trade

$24.11

Average Daily Volume

11,536

Number of Holdings ^*

173

* may have additional holdings in another (foreign) market

Performance

Period	BTAL	FLSP
30 Days	-3.31%	0.48%
60 Days	-3.49%	3.14%
90 Days	2.37%	2.18%
12 Months	-2.02%	7.61%

60 Overlapping Holdings

Symbol	Grade	Weight in BTAL	Weight in FLSP	Overlap
ABBV	C	0.42%	0.66%	0.42%
AIZ	B	0.42%	0.07%	0.07%
AVB	C	0.43%	0.14%	0.14%
AWK	D	-0.44%	0.12%	-0.44%
BG	F	0.41%	0.09%	0.09%
BLDR	C	-0.47%	0.13%	-0.47%
CBOE	B	0.43%	0.11%	0.11%
CF	A	0.45%	0.1%	0.1%
CHRW	C	0.44%	0.07%	0.07%
CI	D	0.41%	0.27%	0.27%
CNC	F	0.39%	0.18%	0.18%
COR	F	0.4%	0.03%	0.03%
CSX	D	0.43%	0.34%	0.34%
CTSH	B	0.42%	0.19%	0.19%
DECK	B	0.38%	0.13%	0.13%
DINO	F	-0.4%	0.04%	-0.4%
DKS	D	-0.37%	0.04%	-0.37%
DVN	F	0.38%	0.15%	0.15%
EL	D	-0.45%	0.13%	-0.45%
ELV	F	0.41%	0.57%	0.41%
EXPE	B	-0.45%	0.1%	-0.45%
FFIV	B	0.47%	0.06%	0.06%
FOXA	B	0.43%	0.06%	0.06%
FTNT	A	0.43%	0.25%	0.25%
GILD	A	0.46%	0.47%	0.46%
GLPI	C	0.42%	0.07%	0.07%
HIG	A	0.44%	0.13%	0.13%
HPQ	B	0.42%	0.17%	0.17%
IDXX	D	-0.44%	0.19%	-0.44%
KR	C	0.45%	0.22%	0.22%
L	C	0.41%	0.07%	0.07%
LNG	A	0.43%	0.24%	0.24%
LULU	D	0.39%	0.15%	0.15%
LYV	A	-0.51%	0.09%	-0.51%
MOH	F	0.4%	0.1%	0.1%
MOS	F	0.39%	0.05%	0.05%
MSFT	D	0.42%	0.64%	0.42%
MSI	A	0.45%	0.42%	0.42%
MTCH	B	0.42%	0.06%	0.06%
NRG	A	-0.48%	0.11%	-0.48%
NVDA	B	-0.4%	0.57%	-0.4%
OC	C	-0.4%	0.1%	-0.4%
PCAR	D	0.43%	0.14%	0.14%
PKG	B	0.43%	0.12%	0.12%
PYPL	A	-0.46%	0.39%	-0.46%
REG	C	0.42%	0.07%	0.07%
SNA	C	0.44%	0.08%	0.08%
T	B	0.47%	0.69%	0.47%
TER	C	-0.41%	0.07%	-0.41%
TGT	C	-0.41%	0.26%	-0.41%
TJX	D	0.41%	0.59%	0.41%
TROW	D	-0.42%	0.13%	-0.42%
TXT	F	0.41%	0.11%	0.11%
UBER	C	-0.43%	0.59%	-0.43%
UTHR	C	0.43%	0.09%	0.09%
VEEV	C	-0.44%	0.13%	-0.44%
VICI	C	0.42%	0.15%	0.15%
VRSN	C	0.44%	0.09%	0.09%
VST	A	-0.63%	0.23%	-0.63%
VTRS	D	0.41%	0.07%	0.07%

BTAL Overweight 331 Positions Relative to FLSP

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

BTAL Underweight 113 Positions Relative to FLSP

Symbol	Grade	Weight
MA	A	-0.85%
WMT	A	-0.77%
NOW	B	-0.73%
INTU	F	-0.72%
CRM	B	-0.7%
BKNG	B	-0.67%
NVS	D	-0.6%
V	B	-0.6%
VRTX	D	-0.54%
QCOM	D	-0.54%
AMAT	C	-0.53%
REGN	D	-0.51%
META	A	-0.49%
ADBE	F	-0.46%
TMO	D	-0.46%
CL	D	-0.45%
CMCSA	B	-0.44%
CTAS	C	-0.35%
AFL	A	-0.34%
EOG	B	-0.33%
MPC	D	-0.31%
HD	A	-0.31%
GM	D	-0.3%
CDNS	D	-0.3%
ADSK	B	-0.29%
FDX	F	-0.28%
PSX	D	-0.26%
FIS	A	-0.26%
FICO	C	-0.26%
SPG	A	-0.25%
CMI	A	-0.25%
BK	A	-0.24%
A	B	-0.24%
VLO	F	-0.23%
MET	A	-0.23%
CPRT	B	-0.23%
PH	A	-0.23%
KMB	D	-0.22%
IQV	F	-0.22%
AIG	C	-0.22%
AMP	A	-0.21%
EBAY	A	-0.2%
BCS	B	-0.2%
MELI	D	-0.2%
EA	D	-0.2%
SNPS	F	-0.19%
MTD	C	-0.18%
SE	B	-0.18%
APH	D	-0.18%
RCL	B	-0.17%
IR	A	-0.17%
SYY	D	-0.17%
NUE	D	-0.16%
STT	A	-0.15%
LIN	C	-0.15%
ANSS	D	-0.14%
PHM	C	-0.14%
NTAP	D	-0.14%
VTR	C	-0.13%
GDDY	B	-0.13%
BR	B	-0.13%
APP	A	-0.13%
TYL	D	-0.12%
GOOG	B	-0.12%
CAH	B	-0.12%
LDOS	A	-0.12%
LYB	B	-0.12%
FE	C	-0.12%
CSL	A	-0.12%
PG	D	-0.12%
WAT	B	-0.12%
K	B	-0.11%
STLD	C	-0.11%
STX	C	-0.11%
LVS	B	-0.11%
BBY	C	-0.11%
CPAY	A	-0.11%
MAS	C	-0.1%
LII	C	-0.1%
MRO	B	-0.1%
ZM	B	-0.1%
PTC	B	-0.1%
HOLX	D	-0.1%
AVTR	D	-0.09%
MANH	A	-0.09%
GEN	A	-0.09%
EQH	B	-0.09%
WSM	C	-0.09%
EXPD	D	-0.09%
UHS	D	-0.08%
UDR	C	-0.08%
JBL	C	-0.08%
SSNC	C	-0.08%
ROL	C	-0.08%
RS	D	-0.08%
NBIX	F	-0.07%
DT	B	-0.07%
DPZ	D	-0.07%
DOCU	A	-0.07%
CHKP	A	-0.06%
TAP	D	-0.06%
INCY	B	-0.06%
RPRX	D	-0.06%
OVV	D	-0.06%
TWLO	B	-0.06%
CRBG	B	-0.05%
SEIC	B	-0.05%
ACI	F	-0.05%
WYNN	B	-0.05%
HII	F	-0.05%
ADM	F	-0.04%
MMM	C	-0.04%
AER	C	-0.04%