BTAL vs. INCM ETF Comparison

Comparison of QuantShares U.S. Market Neutral Anti Beta Fund ETF (BTAL) to Franklin Income Focus ETF (INCM)

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

$18.77

Average Daily Volume

432,970

Number of Holdings ^*

392

* may have additional holdings in another (foreign) market

INCM

Franklin Income Focus ETF

INCM Description

Under normal market conditions, the fund invests in a diversified portfolio of debt and equity securities. The fund may invest up to 30% of its assets in equity index-linked notes, with respect to which interest payments are typically derived from the implied volatility of an equity index (e.g., the S&P 500 Index) and 10% of its assets in equity linked notes (ELNs).

Grade (RS Rating)

Last Trade

$27.12

Average Daily Volume

144,157

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BTAL	INCM
30 Days	-5.43%	1.16%
60 Days	-4.90%	0.97%
90 Days	-6.61%	1.79%
12 Months	-8.61%	14.59%

16 Overlapping Holdings

Symbol	Grade	Weight in BTAL	Weight in INCM	Overlap
ABBV	D	0.36%	0.75%	0.36%
ALB	C	-0.52%	-0.01%	-0.52%
CSCO	A	0.49%	0.52%	0.49%
DUK	C	0.43%	1.16%	0.43%
HON	B	0.47%	0.0%	0.0%
IBM	C	0.45%	0.44%	0.44%
JNJ	D	0.42%	1.23%	0.42%
KO	D	0.37%	0.76%	0.37%
LMT	D	0.38%	0.87%	0.38%
MSFT	D	0.43%	0.22%	0.22%
PFE	D	0.37%	0.65%	0.37%
RTX	D	0.43%	0.57%	0.43%
USB	A	-0.49%	0.81%	-0.49%
VZ	B	0.44%	0.76%	0.44%
XEL	A	0.5%	0.31%	0.31%
XOM	C	0.44%	1.53%	0.44%

BTAL Overweight 376 Positions Relative to INCM

Symbol	Grade	Weight
MSTR	C	1.19%
BILL	A	0.68%
IBKR	B	0.62%
SFM	B	0.6%
LPLA	B	0.59%
PAYC	A	0.59%
HQY	B	0.58%
UNM	A	0.57%
ALSN	B	0.56%
KMI	B	0.56%
CFLT	B	0.56%
SNA	A	0.55%
NWL	A	0.54%
BKR	C	0.53%
PCTY	B	0.53%
MKL	A	0.53%
WH	A	0.53%
BWXT	B	0.53%
TGNA	B	0.53%
TRV	B	0.52%
FFIV	A	0.52%
FTNT	C	0.52%
TXRH	A	0.51%
MSI	C	0.51%
RLI	A	0.51%
PCAR	B	0.51%
MCK	C	0.51%
THG	C	0.51%
LNG	B	0.51%
BMY	B	0.51%
WELL	C	0.5%
CHH	A	0.5%
PNM	F	0.5%
ORLY	B	0.5%
T	A	0.5%
AEE	A	0.49%
CINF	A	0.49%
G	B	0.49%
TMUS	A	0.49%
PKG	B	0.49%
GILD	B	0.49%
ALL	B	0.48%
VFC	C	0.48%
SIGI	B	0.48%
FOXA	C	0.48%
RGA	A	0.48%
VTRS	B	0.48%
LULU	C	0.48%
AIZ	B	0.48%
AXS	A	0.48%
TDY	B	0.48%
BRO	B	0.47%
SBRA	B	0.47%
DBX	C	0.47%
CHD	B	0.47%
PAYX	B	0.47%
GLW	B	0.47%
CME	A	0.47%
AON	A	0.47%
HEI	B	0.47%
KR	A	0.47%
CW	B	0.47%
RYAN	A	0.47%
EDR	A	0.46%
DRI	B	0.46%
WEN	D	0.46%
SLGN	A	0.46%
RNR	C	0.46%
LNT	A	0.46%
CF	B	0.46%
WEC	A	0.46%
ADP	B	0.46%
ORI	A	0.46%
UTHR	C	0.45%
WRB	A	0.45%
CB	D	0.45%
CSX	B	0.45%
CMG	B	0.45%
REG	B	0.45%
AVB	B	0.45%
ARMK	A	0.45%
PGR	A	0.45%
WM	A	0.45%
HIG	B	0.45%
COR	C	0.45%
ADC	B	0.45%
DGX	B	0.45%
WTW	B	0.45%
HPQ	B	0.45%
L	B	0.45%
ROP	B	0.45%
PNW	B	0.45%
CHRW	C	0.45%
JAZZ	B	0.44%
ACN	B	0.44%
DECK	A	0.44%
EQR	B	0.44%
CMS	C	0.44%
BWA	C	0.44%
CDP	C	0.44%
NEU	C	0.44%
CBOE	B	0.43%
DOX	D	0.43%
VRSN	F	0.43%
UNH	B	0.43%
DLB	B	0.43%
CLH	B	0.43%
ZI	C	0.43%
CTSH	B	0.43%
YUM	B	0.43%
MUSA	B	0.43%
DD	D	0.43%
X	C	0.43%
RSG	A	0.43%
OHI	D	0.43%
ELS	C	0.43%
TJX	A	0.43%
CCK	D	0.43%
MSM	C	0.43%
COLM	A	0.43%
FLO	C	0.42%
AVT	C	0.42%
VICI	C	0.42%
MMC	A	0.42%
CACI	D	0.42%
CXT	B	0.42%
ED	D	0.42%
GLPI	B	0.42%
MCD	D	0.42%
EG	C	0.42%
HRB	D	0.41%
J	F	0.41%
WPC	D	0.41%
SNX	C	0.41%
MKC	D	0.41%
OLLI	C	0.41%
GD	F	0.41%
PAG	B	0.41%
BG	F	0.4%
SAIC	F	0.4%
CI	D	0.4%
CHE	D	0.4%
MSA	C	0.4%
NOC	D	0.4%
TXT	D	0.4%
ASGN	D	0.39%
WTM	A	0.39%
AMCR	D	0.39%
O	D	0.39%
JNPR	F	0.39%
FANG	F	0.39%
KHC	D	0.38%
CPB	D	0.38%
ON	C	0.38%
ACGL	D	0.38%
GIS	D	0.38%
ERIE	D	0.38%
OXY	F	0.38%
MOS	F	0.38%
FCN	D	0.38%
FMC	D	0.37%
MAN	D	0.37%
KBR	F	0.37%
ARW	D	0.37%
GPC	D	0.37%
TNET	D	0.37%
DVN	F	0.37%
AMGN	D	0.37%
MUR	F	0.37%
ST	F	0.36%
MOH	F	0.36%
AKAM	F	0.36%
NEM	F	0.35%
MTCH	F	0.35%
FOXF	F	0.35%
HUM	C	0.34%
AZO	C	0.33%
ELV	F	0.33%
MDU	F	0.32%
CNC	F	0.32%
SRPT	F	0.32%
BMRN	F	0.29%
AGL	F	0.16%
SMCI	D	-0.18%
SEDG	F	-0.19%
RUN	F	-0.21%
MRNA	F	-0.22%
CNXC	F	-0.23%
ENPH	F	-0.23%
MPWR	F	-0.24%
CE	F	-0.24%
WOLF	F	-0.25%
TXG	F	-0.26%
NTLA	F	-0.27%
RKT	F	-0.29%
CELH	F	-0.29%
RIVN	D	-0.3%
OPEN	C	-0.3%
EL	F	-0.31%
TER	F	-0.33%
BRZE	C	-0.33%
COTY	F	-0.33%
AMKR	F	-0.34%
ELF	C	-0.35%
EFX	D	-0.35%
SHLS	F	-0.35%
ARWR	F	-0.35%
AES	F	-0.35%
LRCX	F	-0.36%
TFX	F	-0.36%
DKS	C	-0.37%
WMS	F	-0.37%
RGEN	D	-0.37%
ALLY	C	-0.37%
NVCR	C	-0.38%
RIG	D	-0.38%
CNM	D	-0.38%
DINO	F	-0.39%
PLD	D	-0.39%
IDXX	F	-0.39%
KSS	F	-0.39%
ELAN	F	-0.39%
PINS	F	-0.4%
WBA	D	-0.4%
ARE	D	-0.4%
FND	C	-0.4%
MKSI	C	-0.4%
AMD	F	-0.4%
BLD	C	-0.4%
KMX	B	-0.4%
FBIN	D	-0.41%
ROIV	B	-0.41%
AGNC	D	-0.41%
W	D	-0.41%
POWI	D	-0.41%
CRL	C	-0.41%
DNLI	D	-0.42%
CHX	C	-0.42%
AWK	D	-0.42%
FCX	F	-0.42%
CZR	D	-0.42%
UBER	D	-0.42%
CWEN	C	-0.42%
CSGP	C	-0.42%
MU	D	-0.43%
ILMN	C	-0.43%
CC	C	-0.43%
CRSP	C	-0.43%
MGM	F	-0.43%
ALGN	D	-0.43%
PATH	C	-0.43%
SSD	C	-0.43%
SEE	C	-0.44%
THO	B	-0.44%
BLDR	C	-0.44%
F	C	-0.44%
TRU	D	-0.44%
EW	C	-0.44%
UGI	A	-0.44%
RYN	C	-0.44%
APG	B	-0.44%
BBWI	C	-0.44%
TGT	F	-0.44%
TREX	C	-0.45%
NWE	A	-0.45%
D	C	-0.45%
DAR	C	-0.45%
CARR	C	-0.45%
MTDR	C	-0.45%
RMD	C	-0.45%
AVGO	D	-0.45%
OC	B	-0.46%
SMG	C	-0.46%
VEEV	B	-0.46%
BXP	D	-0.46%
LAMR	C	-0.46%
ZS	C	-0.46%
KRC	C	-0.46%
JLL	B	-0.46%
ANET	C	-0.46%
PENN	C	-0.46%
TOL	A	-0.47%
ROKU	D	-0.47%
HHH	B	-0.47%
SHW	A	-0.47%
TROW	A	-0.48%
NVDA	C	-0.48%
LNC	B	-0.48%
AXTA	A	-0.49%
OZK	B	-0.49%
USFD	A	-0.49%
PFGC	A	-0.49%
ITT	A	-0.49%
NRG	C	-0.49%
WAL	B	-0.49%
GH	B	-0.49%
SNAP	C	-0.49%
CFG	B	-0.49%
NVT	B	-0.49%
RF	B	-0.5%
TTD	B	-0.5%
NET	B	-0.5%
CAR	C	-0.51%
RMBS	C	-0.51%
PWR	A	-0.51%
GNRC	B	-0.51%
TT	B	-0.51%
CBRE	B	-0.51%
RBLX	C	-0.51%
RRC	B	-0.51%
LPX	B	-0.52%
CEG	D	-0.52%
COHR	C	-0.52%
PEN	C	-0.52%
ETN	A	-0.52%
IOT	B	-0.52%
URI	B	-0.52%
VNO	B	-0.52%
PYPL	A	-0.52%
DELL	C	-0.53%
ZION	B	-0.53%
MDB	C	-0.53%
AR	B	-0.53%
JHG	A	-0.53%
EXP	B	-0.53%
RH	B	-0.53%
FYBR	D	-0.53%
DKNG	C	-0.53%
INTC	C	-0.54%
SNV	B	-0.54%
BLK	C	-0.54%
FOUR	B	-0.54%
NTRS	A	-0.54%
XPO	B	-0.54%
CMA	A	-0.54%
CG	B	-0.55%
KKR	B	-0.55%
PNFP	B	-0.55%
WCC	B	-0.55%
AA	A	-0.56%
SCHW	A	-0.56%
DAY	A	-0.56%
Z	B	-0.56%
GME	C	-0.56%
EXPE	B	-0.56%
MRVL	B	-0.56%
TDOC	C	-0.56%
NTRA	B	-0.56%
BX	B	-0.57%
CRWD	B	-0.57%
GTLS	B	-0.58%
OWL	B	-0.58%
TPG	B	-0.58%
EQT	B	-0.59%
PODD	B	-0.59%
DASH	A	-0.59%
SAIA	C	-0.59%
SQ	B	-0.6%
LYV	A	-0.62%
LITE	B	-0.62%
DUOL	B	-0.63%
CCL	B	-0.63%
LYFT	C	-0.65%
VRT	B	-0.67%
CVNA	B	-0.68%
DAL	B	-0.68%
PTON	B	-0.69%
TSLA	B	-0.7%
TOST	B	-0.71%
COIN	B	-0.71%
HOOD	B	-0.72%
AXON	B	-0.74%
VST	B	-0.76%
SOFI	B	-0.79%
AFRM	B	-0.84%
PLTR	B	-0.87%

BTAL Underweight 27 Positions Relative to INCM

Symbol	Grade	Weight
JPM	B	-1.55%
PEP	F	-1.21%
PG	A	-1.07%
ADI	D	-0.98%
PM	B	-0.96%
SO	D	-0.82%
HD	A	-0.81%
JCI	C	-0.76%
BHP	F	-0.75%
TTE	F	-0.66%
ITW	A	-0.55%
NEE	D	-0.48%
MCHP	F	-0.44%
COP	D	-0.41%
EIX	A	-0.3%
SRE	A	-0.3%
BA	D	-0.19%
MRK	F	-0.01%
SBUX	B	-0.0%
NEE	D	-0.0%
TFC	B	-0.0%
CVX	B	-0.0%
BAC	A	-0.0%
CMCSA	C	-0.0%
C	A	-0.0%
APD	A	--0.01%
MS	B	--0.01%