BTAL vs. MDY ETF Comparison

Comparison of QuantShares U.S. Market Neutral Anti Beta Fund ETF (BTAL) to SPDR MidCap Trust Series I (MDY)

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

$19.20

Average Daily Volume

467,825

Number of Holdings ^*

392

* may have additional holdings in another (foreign) market

MDY

SPDR MidCap Trust Series I

MDY Description

The investment seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the S&P MidCap 400 Index. The Trust holds the Portfolio and cash and is not actively "managed" by traditional methods. To maintain the correspondence between the composition and weightings of Portfolio Securities and component stocks of the S&P MidCap 400 Index, the Trustee adjusts the Portfolio from time to time to conform to periodic changes in the identity and/or relative weightings of Index Securities.

Grade (RS Rating)

Last Trade

$607.55

Average Daily Volume

734,896

Number of Holdings ^*

392

* may have additional holdings in another (foreign) market

Performance

Period	BTAL	MDY
30 Days	-2.59%	4.74%
60 Days	-1.84%	6.03%
90 Days	-2.74%	6.40%
12 Months	-5.88%	30.43%

127 Overlapping Holdings

Symbol	Grade	Weight in BTAL	Weight in MDY	Overlap
AA	A	-0.56%	0.36%	-0.56%
ADC	A	0.45%	0.26%	0.26%
ALLY	C	-0.37%	0.33%	-0.37%
AMKR	D	-0.34%	0.1%	-0.34%
AR	B	-0.53%	0.26%	-0.53%
ARMK	B	0.45%	0.34%	0.34%
ARW	D	0.37%	0.22%	0.22%
ARWR	D	-0.35%	0.08%	-0.35%
ASGN	F	0.39%	0.14%	0.14%
AVT	C	0.42%	0.16%	0.16%
AXTA	B	-0.49%	0.29%	-0.49%
BLD	D	-0.4%	0.37%	-0.4%
BMRN	F	0.29%	0.43%	0.29%
BWXT	B	0.53%	0.38%	0.38%
CACI	D	0.42%	0.43%	0.42%
CAR	C	-0.51%	0.05%	-0.51%
CC	C	-0.43%	0.09%	-0.43%
CCK	D	0.43%	0.38%	0.38%
CDP	C	0.44%	0.12%	0.12%
CELH	F	-0.29%	0.16%	-0.29%
CG	B	-0.55%	0.36%	-0.55%
CHE	D	0.4%	0.28%	0.28%
CHH	A	0.5%	0.11%	0.11%
CHX	C	-0.42%	0.19%	-0.42%
CLH	C	0.43%	0.4%	0.4%
CNM	D	-0.38%	0.29%	-0.38%
CNXC	F	-0.23%	0.07%	-0.23%
COHR	B	-0.52%	0.49%	-0.52%
COLM	C	0.43%	0.09%	0.09%
COTY	F	-0.33%	0.09%	-0.33%
CW	C	0.47%	0.46%	0.46%
CXT	C	0.42%	0.09%	0.09%
DAR	C	-0.45%	0.21%	-0.45%
DBX	B	0.47%	0.21%	0.21%
DINO	D	-0.39%	0.22%	-0.39%
DKS	D	-0.37%	0.39%	-0.37%
DLB	B	0.43%	0.15%	0.15%
DUOL	A	-0.63%	0.38%	-0.63%
ELF	C	-0.35%	0.2%	-0.35%
ELS	C	0.43%	0.45%	0.43%
EXP	B	-0.53%	0.33%	-0.53%
FBIN	D	-0.41%	0.36%	-0.41%
FCN	F	0.38%	0.24%	0.24%
FLO	D	0.42%	0.15%	0.15%
FND	D	-0.4%	0.38%	-0.4%
FYBR	C	-0.53%	0.27%	-0.53%
G	B	0.49%	0.22%	0.22%
GLPI	C	0.42%	0.48%	0.42%
GME	C	-0.56%	0.3%	-0.56%
GTLS	A	-0.58%	0.18%	-0.58%
HQY	A	0.58%	0.26%	0.26%
HRB	D	0.41%	0.29%	0.29%
IBKR	A	0.62%	0.57%	0.57%
ILMN	C	-0.43%	0.79%	-0.43%
ITT	A	-0.49%	0.4%	-0.49%
JAZZ	B	0.44%	0.23%	0.23%
JHG	B	-0.53%	0.18%	-0.53%
JLL	D	-0.46%	0.44%	-0.46%
KBR	F	0.37%	0.31%	0.31%
KRC	B	-0.46%	0.15%	-0.46%
LAMR	C	-0.46%	0.4%	-0.46%
LITE	B	-0.62%	0.15%	-0.62%
LPX	B	-0.52%	0.21%	-0.52%
MAN	F	0.37%	0.1%	0.1%
MKSI	C	-0.4%	0.23%	-0.4%
MSA	F	0.4%	0.23%	0.23%
MSM	C	0.43%	0.12%	0.12%
MTDR	B	-0.45%	0.21%	-0.45%
MUR	D	0.37%	0.15%	0.15%
MUSA	B	0.43%	0.31%	0.31%
NEU	D	0.44%	0.14%	0.14%
NVT	B	-0.49%	0.43%	-0.49%
NWE	B	-0.45%	0.11%	-0.45%
OC	A	-0.46%	0.53%	-0.46%
OHI	C	0.43%	0.38%	0.38%
OLLI	D	0.41%	0.19%	0.19%
ORI	A	0.46%	0.29%	0.29%
OZK	B	-0.49%	0.16%	-0.49%
PAG	B	0.41%	0.1%	0.1%
PCTY	C	0.53%	0.28%	0.28%
PEN	B	-0.52%	0.31%	-0.52%
PFGC	B	-0.49%	0.44%	-0.49%
PNFP	B	-0.55%	0.28%	-0.55%
PNM	B	0.5%	0.14%	0.14%
POWI	F	-0.41%	0.12%	-0.41%
RGA	A	0.48%	0.48%	0.48%
RGEN	D	-0.37%	0.24%	-0.37%
RH	C	-0.53%	0.16%	-0.53%
RLI	A	0.51%	0.22%	0.22%
RMBS	B	-0.51%	0.18%	-0.51%
RNR	C	0.46%	0.47%	0.46%
ROIV	C	-0.41%	0.17%	-0.41%
RRC	B	-0.51%	0.25%	-0.51%
RYAN	A	0.47%	0.23%	0.23%
RYN	D	-0.44%	0.14%	-0.44%
SAIA	B	-0.59%	0.45%	-0.59%
SAIC	F	0.4%	0.26%	0.26%
SBRA	C	0.47%	0.16%	0.16%
SFM	A	0.6%	0.44%	0.44%
SIGI	C	0.48%	0.19%	0.19%
SLGN	A	0.46%	0.14%	0.14%
SMG	C	-0.46%	0.13%	-0.46%
SNV	C	-0.54%	0.25%	-0.54%
SNX	D	0.41%	0.3%	0.3%
SRPT	F	0.32%	0.41%	0.32%
SSD	F	-0.43%	0.26%	-0.43%
ST	F	0.36%	0.18%	0.18%
THG	A	0.51%	0.18%	0.18%
THO	B	-0.44%	0.19%	-0.44%
TOL	B	-0.47%	0.52%	-0.47%
TREX	C	-0.45%	0.27%	-0.45%
TXRH	B	0.51%	0.44%	0.44%
UGI	C	-0.44%	0.18%	-0.44%
UNM	A	0.57%	0.38%	0.38%
USFD	A	-0.49%	0.52%	-0.49%
UTHR	C	0.45%	0.57%	0.45%
VNO	C	-0.52%	0.24%	-0.52%
WAL	B	-0.49%	0.31%	-0.49%
WCC	B	-0.55%	0.3%	-0.55%
WEN	D	0.46%	0.11%	0.11%
WH	B	0.53%	0.24%	0.24%
WMS	F	-0.37%	0.36%	-0.37%
WPC	C	0.41%	0.42%	0.41%
X	B	0.43%	0.3%	0.3%
XPO	B	-0.54%	0.52%	-0.54%
ZI	D	0.43%	0.11%	0.11%
ZION	B	-0.53%	0.27%	-0.53%

BTAL Overweight 265 Positions Relative to MDY

Symbol	Grade	Weight
MSTR	B	1.19%
BILL	A	0.68%
LPLA	A	0.59%
PAYC	B	0.59%
ALSN	B	0.56%
KMI	A	0.56%
CFLT	B	0.56%
SNA	A	0.55%
NWL	C	0.54%
BKR	A	0.53%
MKL	A	0.53%
TGNA	B	0.53%
TRV	B	0.52%
FFIV	B	0.52%
FTNT	C	0.52%
MSI	B	0.51%
PCAR	B	0.51%
MCK	A	0.51%
LNG	A	0.51%
BMY	B	0.51%
WELL	A	0.5%
XEL	A	0.5%
ORLY	B	0.5%
T	A	0.5%
CSCO	B	0.49%
AEE	A	0.49%
CINF	A	0.49%
TMUS	B	0.49%
PKG	A	0.49%
GILD	C	0.49%
ALL	A	0.48%
VFC	C	0.48%
FOXA	A	0.48%
VTRS	A	0.48%
LULU	C	0.48%
AIZ	A	0.48%
AXS	A	0.48%
TDY	B	0.48%
BRO	B	0.47%
CHD	A	0.47%
PAYX	B	0.47%
GLW	B	0.47%
CME	B	0.47%
AON	A	0.47%
HON	C	0.47%
HEI	A	0.47%
KR	B	0.47%
EDR	A	0.46%
DRI	B	0.46%
LNT	A	0.46%
CF	A	0.46%
WEC	A	0.46%
ADP	A	0.46%
WRB	A	0.45%
CB	C	0.45%
CSX	C	0.45%
CMG	B	0.45%
REG	A	0.45%
AVB	B	0.45%
PGR	A	0.45%
WM	B	0.45%
IBM	C	0.45%
HIG	B	0.45%
COR	B	0.45%
DGX	A	0.45%
WTW	B	0.45%
HPQ	B	0.45%
L	A	0.45%
ROP	B	0.45%
PNW	A	0.45%
CHRW	B	0.45%
XOM	B	0.44%
ACN	B	0.44%
DECK	A	0.44%
EQR	C	0.44%
CMS	C	0.44%
BWA	D	0.44%
VZ	C	0.44%
CBOE	C	0.43%
DOX	D	0.43%
VRSN	C	0.43%
UNH	B	0.43%
CTSH	B	0.43%
YUM	D	0.43%
MSFT	D	0.43%
DD	C	0.43%
RTX	D	0.43%
RSG	A	0.43%
TJX	A	0.43%
DUK	C	0.43%
VICI	C	0.42%
JNJ	C	0.42%
MMC	B	0.42%
ED	C	0.42%
MCD	D	0.42%
EG	C	0.42%
J	D	0.41%
MKC	C	0.41%
GD	D	0.41%
BG	D	0.4%
CI	D	0.4%
NOC	D	0.4%
TXT	D	0.4%
WTM	A	0.39%
AMCR	C	0.39%
O	C	0.39%
JNPR	D	0.39%
FANG	C	0.39%
KHC	F	0.38%
CPB	D	0.38%
ON	D	0.38%
ACGL	C	0.38%
GIS	D	0.38%
ERIE	D	0.38%
OXY	D	0.38%
MOS	F	0.38%
LMT	D	0.38%
FMC	D	0.37%
KO	D	0.37%
GPC	D	0.37%
TNET	F	0.37%
PFE	F	0.37%
DVN	F	0.37%
AMGN	F	0.37%
ABBV	F	0.36%
MOH	F	0.36%
AKAM	D	0.36%
NEM	D	0.35%
MTCH	D	0.35%
FOXF	F	0.35%
HUM	C	0.34%
AZO	C	0.33%
ELV	F	0.33%
MDU	D	0.32%
CNC	D	0.32%
AGL	F	0.16%
SMCI	F	-0.18%
SEDG	F	-0.19%
RUN	F	-0.21%
MRNA	F	-0.22%
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%
RIVN	F	-0.3%
OPEN	F	-0.3%
EL	F	-0.31%
TER	F	-0.33%
BRZE	C	-0.33%
EFX	F	-0.35%
SHLS	F	-0.35%
AES	F	-0.35%
LRCX	F	-0.36%
TFX	F	-0.36%
NVCR	C	-0.38%
RIG	D	-0.38%
PLD	F	-0.39%
IDXX	F	-0.39%
KSS	F	-0.39%
ELAN	D	-0.39%
PINS	F	-0.4%
WBA	F	-0.4%
ARE	F	-0.4%
AMD	F	-0.4%
KMX	B	-0.4%
AGNC	C	-0.41%
W	D	-0.41%
CRL	D	-0.41%
DNLI	D	-0.42%
AWK	C	-0.42%
FCX	F	-0.42%
CZR	F	-0.42%
UBER	F	-0.42%
CWEN	C	-0.42%
CSGP	D	-0.42%
MU	D	-0.43%
CRSP	D	-0.43%
MGM	D	-0.43%
ALGN	D	-0.43%
PATH	C	-0.43%
SEE	C	-0.44%
BLDR	D	-0.44%
F	C	-0.44%
TRU	D	-0.44%
EW	C	-0.44%
APG	B	-0.44%
BBWI	C	-0.44%
TGT	F	-0.44%
D	C	-0.45%
CARR	C	-0.45%
RMD	C	-0.45%
AVGO	D	-0.45%
VEEV	C	-0.46%
BXP	C	-0.46%
ZS	B	-0.46%
ANET	C	-0.46%
PENN	C	-0.46%
ROKU	D	-0.47%
HHH	B	-0.47%
SHW	B	-0.47%
TROW	B	-0.48%
NVDA	B	-0.48%
LNC	C	-0.48%
NRG	B	-0.49%
GH	B	-0.49%
SNAP	D	-0.49%
USB	A	-0.49%
CFG	B	-0.49%
RF	A	-0.5%
TTD	B	-0.5%
NET	B	-0.5%
PWR	A	-0.51%
GNRC	C	-0.51%
TT	A	-0.51%
CBRE	B	-0.51%
RBLX	C	-0.51%
CEG	C	-0.52%
ETN	A	-0.52%
IOT	A	-0.52%
URI	C	-0.52%
PYPL	B	-0.52%
ALB	B	-0.52%
DELL	B	-0.53%
MDB	B	-0.53%
DKNG	B	-0.53%
INTC	C	-0.54%
BLK	B	-0.54%
FOUR	A	-0.54%
NTRS	A	-0.54%
CMA	B	-0.54%
KKR	A	-0.55%
SCHW	B	-0.56%
DAY	B	-0.56%
Z	A	-0.56%
EXPE	B	-0.56%
MRVL	B	-0.56%
TDOC	C	-0.56%
NTRA	A	-0.56%
BX	A	-0.57%
CRWD	B	-0.57%
OWL	A	-0.58%
TPG	A	-0.58%
EQT	B	-0.59%
PODD	C	-0.59%
DASH	B	-0.59%
SQ	A	-0.6%
LYV	A	-0.62%
CCL	A	-0.63%
LYFT	C	-0.65%
VRT	B	-0.67%
CVNA	B	-0.68%
DAL	B	-0.68%
PTON	A	-0.69%
TSLA	B	-0.7%
TOST	B	-0.71%
COIN	C	-0.71%
HOOD	B	-0.72%
AXON	A	-0.74%
VST	A	-0.76%
SOFI	B	-0.79%
AFRM	A	-0.84%
PLTR	B	-0.87%

BTAL Underweight 265 Positions Relative to MDY

Symbol	Grade	Weight
TPL	A	-0.76%
EME	A	-0.72%
LII	A	-0.67%
CSL	C	-0.67%
WSM	C	-0.6%
RPM	A	-0.57%
WSO	A	-0.57%
MANH	D	-0.56%
DT	D	-0.55%
RBA	A	-0.54%
FNF	B	-0.54%
BURL	B	-0.54%
RS	B	-0.54%
PSTG	D	-0.53%
AVTR	F	-0.52%
THC	D	-0.51%
EQH	C	-0.5%
CASY	A	-0.5%
DOCU	B	-0.49%
ACM	B	-0.49%
FIX	A	-0.48%
EWBC	A	-0.47%
GGG	B	-0.47%
TTEK	F	-0.45%
NBIX	C	-0.42%
SCI	B	-0.41%
BJ	A	-0.39%
LECO	C	-0.38%
RRX	B	-0.38%
AMH	C	-0.38%
ATR	B	-0.38%
SF	B	-0.37%
CUBE	C	-0.37%
CHDN	B	-0.36%
OVV	B	-0.36%
JEF	A	-0.36%
EHC	B	-0.35%
WTRG	B	-0.34%
WWD	C	-0.34%
ONTO	F	-0.34%
CNH	C	-0.34%
EVR	B	-0.33%
EXEL	B	-0.33%
KNSL	B	-0.33%
RGLD	C	-0.33%
CIEN	C	-0.32%
NYT	D	-0.32%
HLI	A	-0.32%
AYI	B	-0.32%
FHN	A	-0.32%
AFG	A	-0.32%
PRI	B	-0.32%
REXR	F	-0.32%
MORN	B	-0.31%
WBS	A	-0.31%
AIT	B	-0.31%
LAD	A	-0.31%
FLR	B	-0.31%
INGR	C	-0.3%
PR	B	-0.3%
FN	C	-0.3%
DTM	A	-0.3%
ENSG	C	-0.3%
AAL	B	-0.3%
DCI	B	-0.3%
GMED	A	-0.29%
TPX	B	-0.29%
LNW	F	-0.29%
EGP	D	-0.29%
TTC	C	-0.29%
KNX	C	-0.29%
WING	D	-0.29%
GPK	C	-0.29%
BRBR	A	-0.29%
NNN	C	-0.28%
MEDP	D	-0.28%
OGE	A	-0.28%
BERY	C	-0.28%
BRX	A	-0.28%
RBC	A	-0.28%
SKX	D	-0.28%
CFR	B	-0.28%
AAON	B	-0.27%
WTFC	A	-0.27%
CHRD	D	-0.27%
TKO	A	-0.27%
VOYA	B	-0.27%
OLED	F	-0.27%
SSB	B	-0.26%
UFPI	C	-0.26%
MTZ	B	-0.26%
LNTH	D	-0.26%
CR	A	-0.26%
TMHC	C	-0.25%
GXO	B	-0.25%
HLNE	B	-0.25%
CBSH	B	-0.25%
SEIC	B	-0.25%
CVLT	B	-0.24%
BIO	C	-0.24%
CGNX	D	-0.24%
FLS	B	-0.24%
MAT	D	-0.24%
FR	D	-0.24%
PB	B	-0.24%
MIDD	C	-0.24%
GNTX	C	-0.24%
LSCC	D	-0.24%
ESAB	C	-0.24%
WEX	D	-0.24%
H	B	-0.23%
FAF	A	-0.23%
COKE	C	-0.23%
PLNT	A	-0.23%
KEX	B	-0.23%
OSK	C	-0.23%
EXLS	B	-0.23%
ANF	F	-0.23%
STAG	D	-0.23%
ALV	C	-0.23%
LSTR	D	-0.22%
MTN	C	-0.22%
BRKR	D	-0.22%
STWD	C	-0.22%
VMI	B	-0.22%
R	B	-0.22%
MASI	B	-0.22%
ESNT	F	-0.22%
CROX	D	-0.22%
HALO	F	-0.22%
MTG	C	-0.22%
MTSI	B	-0.22%
COLB	B	-0.21%
CYTK	F	-0.21%
LFUS	D	-0.21%
CLF	F	-0.21%
CADE	B	-0.21%
NOV	C	-0.21%
NOVT	D	-0.21%
ONB	C	-0.21%
ALTR	B	-0.21%
AGCO	D	-0.21%
CMC	B	-0.21%
KBH	D	-0.2%
WHR	B	-0.2%
VNT	C	-0.2%
SRCL	B	-0.2%
WFRD	D	-0.2%
AMG	B	-0.2%
CRUS	D	-0.2%
CBT	D	-0.2%
GBCI	B	-0.2%
LEA	F	-0.19%
PVH	C	-0.19%
KNF	B	-0.19%
IDA	A	-0.19%
NFG	A	-0.19%
KRG	B	-0.19%
UBSI	B	-0.18%
CNX	A	-0.18%
SON	F	-0.18%
POST	C	-0.18%
VVV	D	-0.18%
MMS	F	-0.18%
FNB	A	-0.18%
FIVE	F	-0.18%
WTS	B	-0.18%
DOCS	C	-0.18%
BC	C	-0.18%
KD	B	-0.18%
TKR	D	-0.18%
NXST	C	-0.18%
APPF	B	-0.17%
EXPO	D	-0.17%
SLM	A	-0.17%
HXL	F	-0.17%
OLN	F	-0.17%
AM	A	-0.17%
UMBF	B	-0.17%
POR	C	-0.17%
GATX	A	-0.17%
PSN	D	-0.17%
HOMB	A	-0.17%
HWC	B	-0.16%
WMG	D	-0.16%
BCO	F	-0.16%
NJR	A	-0.16%
GAP	C	-0.16%
FFIN	B	-0.16%
BDC	C	-0.16%
CUZ	B	-0.16%
XRAY	F	-0.16%
BYD	B	-0.16%
M	F	-0.15%
ORA	B	-0.15%
AVNT	B	-0.15%
QLYS	B	-0.15%
IRT	A	-0.15%
SWX	B	-0.15%
WLK	D	-0.15%
CIVI	D	-0.15%
OPCH	D	-0.14%
ACHC	F	-0.14%
LOPE	C	-0.14%
OGS	A	-0.14%
VLY	B	-0.14%
AN	C	-0.14%
BKH	A	-0.14%
ASH	F	-0.14%
EEFT	B	-0.14%
WU	F	-0.13%
CNO	B	-0.13%
HAE	C	-0.13%
PII	F	-0.13%
SR	A	-0.13%
ALE	A	-0.13%
KMPR	A	-0.13%
HOG	D	-0.13%
ENS	F	-0.13%
TNL	A	-0.12%
LANC	C	-0.12%
SLAB	F	-0.12%
VAL	F	-0.12%
EPR	C	-0.12%
TEX	F	-0.12%
IRDM	D	-0.12%
PRGO	C	-0.12%
ASB	B	-0.12%
TCBI	C	-0.12%
NVST	B	-0.12%
AMED	F	-0.11%
TDC	D	-0.11%
FHI	B	-0.11%
ALGM	D	-0.11%
IBOC	B	-0.11%
LIVN	F	-0.1%
NSP	F	-0.1%
NEOG	F	-0.1%
PBF	D	-0.1%
BHF	C	-0.1%
GHC	B	-0.1%
PK	C	-0.1%
NSA	C	-0.1%
YETI	D	-0.1%
PCH	F	-0.1%
BLKB	B	-0.1%
VAC	C	-0.09%
VC	F	-0.09%
SAM	C	-0.09%
SYNA	C	-0.09%
JWN	D	-0.08%
IPGP	D	-0.08%
RCM	A	-0.08%
GT	C	-0.08%
ENOV	C	-0.08%
CPRI	F	-0.08%
HGV	C	-0.08%
SHC	F	-0.08%
VSH	F	-0.07%
PPC	C	-0.07%
CRI	F	-0.07%
AZTA	D	-0.07%
GEF	A	-0.06%
UAA	C	-0.06%
UA	C	-0.04%