BTAL vs. PALC ETF Comparison

Comparison of QuantShares U.S. Market Neutral Anti Beta Fund ETF (BTAL) to Pacer Lunt Large Cap Multi-Factor Alternator ETF (PALC)

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

PALC

Pacer Lunt Large Cap Multi-Factor Alternator ETF

PALC Description

The investment seeks to track the total return performance, before fees and expenses, of the Lunt Capital U.S. Large Cap Multi-Factor Rotation Index. Under normal circumstances, at least 80% of the fund’s total assets (exclusive of collateral held from securities lending) will be invested in the component securities of its underlying index or in one or more ETFs that track the performance of all or a portion of such component securities in the same approximate proportion as in the fund’s underlying index. The index uses an objective, rules-based methodology to provide exposure to large-capitalization U.S. companies. It is non-diversified.

Grade (RS Rating)

Last Trade

$51.96

Average Daily Volume

18,954

Number of Holdings ^*

181

* may have additional holdings in another (foreign) market

Performance

Period	BTAL	PALC
30 Days	-2.59%	2.61%
60 Days	-1.84%	5.72%
90 Days	-2.74%	7.46%
12 Months	-5.88%	35.13%

67 Overlapping Holdings

Symbol	Grade	Weight in BTAL	Weight in PALC	Overlap
ABBV	F	0.36%	0.38%	0.36%
ADP	A	0.46%	0.52%	0.46%
AES	F	-0.35%	0.12%	-0.35%
AKAM	D	0.36%	0.09%	0.09%
ALB	B	-0.52%	0.08%	-0.52%
AMGN	F	0.37%	1.64%	0.37%
AON	A	0.47%	1.03%	0.47%
AVB	B	0.45%	0.45%	0.45%
AZO	C	0.33%	0.55%	0.33%
BRO	B	0.47%	0.47%	0.47%
BXP	C	-0.46%	0.08%	-0.46%
CB	C	0.45%	0.51%	0.45%
CBOE	C	0.43%	0.4%	0.4%
CCL	A	-0.63%	0.12%	-0.63%
CHD	A	0.47%	0.48%	0.47%
CME	B	0.47%	0.51%	0.47%
CMS	C	0.44%	0.55%	0.44%
COR	B	0.45%	0.49%	0.45%
CSCO	B	0.49%	0.55%	0.49%
CSX	C	0.45%	0.48%	0.45%
CZR	F	-0.42%	0.05%	-0.42%
DGX	A	0.45%	0.44%	0.44%
DRI	B	0.46%	0.48%	0.46%
DUK	C	0.43%	0.47%	0.43%
ED	C	0.42%	0.42%	0.42%
EL	F	-0.31%	0.1%	-0.31%
ELV	F	0.33%	0.32%	0.32%
EQT	B	-0.59%	0.13%	-0.59%
F	C	-0.44%	0.26%	-0.44%
FMC	D	0.37%	0.04%	0.04%
FTNT	C	0.52%	0.57%	0.52%
GD	D	0.41%	0.46%	0.41%
GIS	D	0.38%	0.39%	0.38%
HIG	B	0.45%	0.5%	0.45%
HON	C	0.47%	0.58%	0.47%
HPQ	B	0.45%	0.3%	0.3%
JNJ	C	0.42%	0.49%	0.42%
KMI	A	0.56%	0.61%	0.56%
KMX	B	-0.4%	0.07%	-0.4%
KO	D	0.37%	0.56%	0.37%
L	A	0.45%	0.6%	0.45%
LMT	D	0.38%	0.44%	0.38%
LNT	A	0.46%	0.45%	0.45%
LYV	A	-0.62%	0.2%	-0.62%
MCD	D	0.42%	2.85%	0.42%
MCK	A	0.51%	1.17%	0.51%
MGM	D	-0.43%	0.08%	-0.43%
MMC	B	0.42%	0.56%	0.42%
MSI	B	0.51%	0.56%	0.51%
MTCH	D	0.35%	0.08%	0.08%
NEM	D	0.35%	0.39%	0.35%
NTRS	A	-0.54%	0.11%	-0.54%
ORLY	B	0.5%	0.69%	0.5%
PAYX	B	0.47%	0.49%	0.47%
PFE	F	0.37%	0.9%	0.37%
PKG	A	0.49%	0.51%	0.49%
RMD	C	-0.45%	0.22%	-0.45%
ROP	B	0.45%	0.53%	0.45%
RSG	A	0.43%	0.6%	0.43%
TJX	A	0.43%	0.55%	0.43%
TMUS	B	0.49%	0.72%	0.49%
TSLA	B	-0.7%	3.78%	-0.7%
VRSN	C	0.43%	0.63%	0.43%
WEC	A	0.46%	0.45%	0.45%
WELL	A	0.5%	0.48%	0.48%
WM	B	0.45%	0.49%	0.45%
YUM	D	0.43%	0.89%	0.43%

BTAL Overweight 325 Positions Relative to PALC

Symbol	Grade	Weight
MSTR	B	1.19%
BILL	A	0.68%
IBKR	A	0.62%
SFM	A	0.6%
LPLA	A	0.59%
PAYC	B	0.59%
HQY	A	0.58%
UNM	A	0.57%
ALSN	B	0.56%
CFLT	B	0.56%
SNA	A	0.55%
NWL	C	0.54%
BKR	A	0.53%
PCTY	C	0.53%
MKL	A	0.53%
WH	B	0.53%
BWXT	B	0.53%
TGNA	B	0.53%
TRV	B	0.52%
FFIV	B	0.52%
TXRH	B	0.51%
RLI	A	0.51%
PCAR	B	0.51%
THG	A	0.51%
LNG	A	0.51%
BMY	B	0.51%
CHH	A	0.5%
XEL	A	0.5%
PNM	B	0.5%
T	A	0.5%
AEE	A	0.49%
CINF	A	0.49%
G	B	0.49%
GILD	C	0.49%
ALL	A	0.48%
VFC	C	0.48%
SIGI	C	0.48%
FOXA	A	0.48%
RGA	A	0.48%
VTRS	A	0.48%
LULU	C	0.48%
AIZ	A	0.48%
AXS	A	0.48%
TDY	B	0.48%
SBRA	C	0.47%
DBX	B	0.47%
GLW	B	0.47%
HEI	A	0.47%
KR	B	0.47%
CW	C	0.47%
RYAN	A	0.47%
EDR	A	0.46%
WEN	D	0.46%
SLGN	A	0.46%
RNR	C	0.46%
CF	A	0.46%
ORI	A	0.46%
UTHR	C	0.45%
WRB	A	0.45%
CMG	B	0.45%
REG	A	0.45%
ARMK	B	0.45%
PGR	A	0.45%
IBM	C	0.45%
ADC	A	0.45%
WTW	B	0.45%
PNW	A	0.45%
CHRW	B	0.45%
XOM	B	0.44%
JAZZ	B	0.44%
ACN	B	0.44%
DECK	A	0.44%
EQR	C	0.44%
BWA	D	0.44%
CDP	C	0.44%
VZ	C	0.44%
NEU	D	0.44%
DOX	D	0.43%
UNH	B	0.43%
DLB	B	0.43%
CLH	C	0.43%
ZI	D	0.43%
CTSH	B	0.43%
MSFT	D	0.43%
MUSA	B	0.43%
DD	C	0.43%
RTX	D	0.43%
X	B	0.43%
OHI	C	0.43%
ELS	C	0.43%
CCK	D	0.43%
MSM	C	0.43%
COLM	C	0.43%
FLO	D	0.42%
AVT	C	0.42%
VICI	C	0.42%
CACI	D	0.42%
CXT	C	0.42%
GLPI	C	0.42%
EG	C	0.42%
HRB	D	0.41%
J	D	0.41%
WPC	C	0.41%
SNX	D	0.41%
MKC	C	0.41%
OLLI	D	0.41%
PAG	B	0.41%
BG	D	0.4%
SAIC	F	0.4%
CI	D	0.4%
CHE	D	0.4%
MSA	F	0.4%
NOC	D	0.4%
TXT	D	0.4%
ASGN	F	0.39%
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%
ERIE	D	0.38%
OXY	D	0.38%
MOS	F	0.38%
FCN	F	0.38%
MAN	F	0.37%
KBR	F	0.37%
ARW	D	0.37%
GPC	D	0.37%
TNET	F	0.37%
DVN	F	0.37%
MUR	D	0.37%
ST	F	0.36%
MOH	F	0.36%
FOXF	F	0.35%
HUM	C	0.34%
MDU	D	0.32%
CNC	D	0.32%
SRPT	F	0.32%
BMRN	F	0.29%
AGL	F	0.16%
SMCI	F	-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	F	-0.3%
OPEN	F	-0.3%
TER	F	-0.33%
BRZE	C	-0.33%
COTY	F	-0.33%
AMKR	D	-0.34%
ELF	C	-0.35%
EFX	F	-0.35%
SHLS	F	-0.35%
ARWR	D	-0.35%
LRCX	F	-0.36%
TFX	F	-0.36%
DKS	D	-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	D	-0.39%
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%
FND	D	-0.4%
MKSI	C	-0.4%
AMD	F	-0.4%
BLD	D	-0.4%
FBIN	D	-0.41%
ROIV	C	-0.41%
AGNC	C	-0.41%
W	D	-0.41%
POWI	F	-0.41%
CRL	D	-0.41%
DNLI	D	-0.42%
CHX	C	-0.42%
AWK	C	-0.42%
FCX	F	-0.42%
UBER	F	-0.42%
CWEN	C	-0.42%
CSGP	D	-0.42%
MU	D	-0.43%
ILMN	C	-0.43%
CC	C	-0.43%
CRSP	D	-0.43%
ALGN	D	-0.43%
PATH	C	-0.43%
SSD	F	-0.43%
SEE	C	-0.44%
THO	B	-0.44%
BLDR	D	-0.44%
TRU	D	-0.44%
EW	C	-0.44%
UGI	C	-0.44%
RYN	D	-0.44%
APG	B	-0.44%
BBWI	C	-0.44%
TGT	F	-0.44%
TREX	C	-0.45%
NWE	B	-0.45%
D	C	-0.45%
DAR	C	-0.45%
CARR	C	-0.45%
MTDR	B	-0.45%
AVGO	D	-0.45%
OC	A	-0.46%
SMG	C	-0.46%
VEEV	C	-0.46%
LAMR	C	-0.46%
ZS	B	-0.46%
KRC	B	-0.46%
JLL	D	-0.46%
ANET	C	-0.46%
PENN	C	-0.46%
TOL	B	-0.47%
ROKU	D	-0.47%
HHH	B	-0.47%
SHW	B	-0.47%
TROW	B	-0.48%
NVDA	B	-0.48%
LNC	C	-0.48%
AXTA	B	-0.49%
OZK	B	-0.49%
USFD	A	-0.49%
PFGC	B	-0.49%
ITT	A	-0.49%
NRG	B	-0.49%
WAL	B	-0.49%
GH	B	-0.49%
SNAP	D	-0.49%
USB	A	-0.49%
CFG	B	-0.49%
NVT	B	-0.49%
RF	A	-0.5%
TTD	B	-0.5%
NET	B	-0.5%
CAR	C	-0.51%
RMBS	B	-0.51%
PWR	A	-0.51%
GNRC	C	-0.51%
TT	A	-0.51%
CBRE	B	-0.51%
RBLX	C	-0.51%
RRC	B	-0.51%
LPX	B	-0.52%
CEG	C	-0.52%
COHR	B	-0.52%
PEN	B	-0.52%
ETN	A	-0.52%
IOT	A	-0.52%
URI	C	-0.52%
VNO	C	-0.52%
PYPL	B	-0.52%
DELL	B	-0.53%
ZION	B	-0.53%
MDB	B	-0.53%
AR	B	-0.53%
JHG	B	-0.53%
EXP	B	-0.53%
RH	C	-0.53%
FYBR	C	-0.53%
DKNG	B	-0.53%
INTC	C	-0.54%
SNV	C	-0.54%
BLK	B	-0.54%
FOUR	A	-0.54%
XPO	B	-0.54%
CMA	B	-0.54%
CG	B	-0.55%
KKR	A	-0.55%
PNFP	B	-0.55%
WCC	B	-0.55%
AA	A	-0.56%
SCHW	B	-0.56%
DAY	B	-0.56%
Z	A	-0.56%
GME	C	-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%
GTLS	A	-0.58%
OWL	A	-0.58%
TPG	A	-0.58%
PODD	C	-0.59%
DASH	B	-0.59%
SAIA	B	-0.59%
SQ	A	-0.6%
LITE	B	-0.62%
DUOL	A	-0.63%
LYFT	C	-0.65%
VRT	B	-0.67%
CVNA	B	-0.68%
DAL	B	-0.68%
PTON	A	-0.69%
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 114 Positions Relative to PALC

Symbol	Grade	Weight
JPM	A	-3.26%
PM	B	-2.49%
ORCL	A	-2.07%
BAC	A	-1.98%
GS	A	-1.96%
LOW	C	-1.55%
WFC	A	-1.42%
MO	A	-1.39%
MS	A	-1.36%
BKNG	A	-1.25%
SBUX	A	-1.13%
OKE	A	-1.07%
HLT	A	-1.04%
C	A	-1.01%
NEE	C	-0.92%
BK	A	-0.88%
OTIS	C	-0.87%
AMT	C	-0.86%
AME	A	-0.79%
MET	A	-0.77%
TDG	D	-0.76%
BA	F	-0.7%
HCA	F	-0.69%
BRK.A	B	-0.69%
MSCI	C	-0.65%
MAR	A	-0.65%
V	A	-0.65%
VRTX	D	-0.64%
FI	A	-0.64%
AMP	A	-0.62%
WMB	A	-0.59%
WMT	A	-0.59%
MA	B	-0.58%
FICO	B	-0.57%
ATO	A	-0.55%
ITW	B	-0.55%
ETR	B	-0.54%
FE	C	-0.54%
PG	C	-0.54%
IEX	C	-0.53%
LIN	C	-0.51%
ICE	C	-0.5%
PRU	A	-0.5%
PFG	D	-0.49%
EA	A	-0.49%
CTAS	B	-0.49%
CL	D	-0.49%
SRE	A	-0.49%
COST	A	-0.48%
PPL	A	-0.48%
AJG	A	-0.47%
AIG	B	-0.47%
PEG	A	-0.47%
OMC	C	-0.47%
SPGI	C	-0.47%
AVY	F	-0.46%
BR	A	-0.46%
AFL	B	-0.46%
UNP	C	-0.46%
ABT	B	-0.45%
SO	C	-0.45%
PEP	F	-0.45%
LH	B	-0.45%
EVRG	A	-0.44%
STZ	D	-0.44%
ECL	D	-0.44%
MDT	D	-0.44%
PPG	F	-0.43%
MDLZ	F	-0.43%
KDP	F	-0.42%
KMB	C	-0.42%
APD	A	-0.42%
SYY	D	-0.41%
HOLX	D	-0.41%
LYB	F	-0.37%
DOW	F	-0.35%
TFC	A	-0.34%
CPRT	B	-0.34%
SPG	A	-0.34%
CCI	C	-0.33%
REGN	F	-0.33%
SBAC	D	-0.31%
LHX	C	-0.31%
CHTR	C	-0.29%
CAH	B	-0.26%
RCL	A	-0.25%
TTWO	A	-0.24%
PCG	A	-0.24%
TRGP	A	-0.23%
MTD	F	-0.23%
XYL	D	-0.23%
STT	B	-0.18%
EIX	B	-0.18%
MAS	D	-0.17%
BIIB	F	-0.15%
HUBB	B	-0.15%
WAT	C	-0.15%
UAL	A	-0.15%
DPZ	C	-0.14%
VTR	B	-0.14%
PTC	B	-0.13%
TRMB	B	-0.13%
STX	C	-0.13%
ES	C	-0.12%
NDSN	B	-0.11%
KEY	B	-0.11%
WYNN	C	-0.1%
NI	A	-0.09%
LKQ	F	-0.07%
LW	C	-0.07%
HSIC	C	-0.06%
NCLH	B	-0.06%
TECH	F	-0.06%
CTLT	C	-0.05%