BTAL vs. SHRT ETF Comparison

Comparison of QuantShares U.S. Market Neutral Anti Beta Fund ETF (BTAL) to Gotham Short Strategies ETF (SHRT)

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

SHRT

Gotham Short Strategies ETF

SHRT Description

The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing under normal circumstances in long and short positions of equity and equity-related securities (i.e., swaps), primarily of companies traded on U.S. markets. The fund"s sub-adviser, Gotham Asset Management, LLC ("Gotham" or the "Sub-Adviser") seeks to maintain the fund"s net equity exposure, which is the value of the fund"s long positions minus its short positions, at approximately 50% net short.

Grade (RS Rating)

Last Trade

$7.57

Average Daily Volume

2,510

Number of Holdings ^*

200

* may have additional holdings in another (foreign) market

Performance

Period	BTAL	SHRT
30 Days	-2.59%	-6.95%
60 Days	-1.84%	-8.41%
90 Days	-2.74%	-8.30%
12 Months	-5.88%	-6.87%

58 Overlapping Holdings

Symbol	Grade	Weight in BTAL	Weight in SHRT	Overlap
ABBV	F	0.36%	0.48%	0.36%
ANET	C	-0.46%	0.51%	-0.46%
APG	B	-0.44%	0.02%	-0.44%
BLD	D	-0.4%	0.29%	-0.4%
BLDR	D	-0.44%	0.02%	-0.44%
BMRN	F	0.29%	0.42%	0.29%
CCK	D	0.43%	0.4%	0.4%
CEG	C	-0.52%	0.69%	-0.52%
CF	A	0.46%	0.34%	0.34%
CHD	A	0.47%	0.07%	0.07%
CI	D	0.4%	0.31%	0.31%
COTY	F	-0.33%	0.2%	-0.33%
D	C	-0.45%	0.8%	-0.45%
DD	C	0.43%	0.35%	0.35%
DOX	D	0.43%	0.01%	0.01%
EFX	F	-0.35%	0.2%	-0.35%
EL	F	-0.31%	0.56%	-0.31%
ELAN	D	-0.39%	1.13%	-0.39%
ENPH	F	-0.23%	0.57%	-0.23%
EW	C	-0.44%	0.19%	-0.44%
FCN	F	0.38%	0.09%	0.09%
FCX	F	-0.42%	0.71%	-0.42%
FMC	D	0.37%	1.45%	0.37%
FOXA	A	0.48%	0.18%	0.18%
GD	D	0.41%	0.33%	0.33%
GNRC	C	-0.51%	0.43%	-0.51%
GTLS	A	-0.58%	1.08%	-0.58%
IDXX	F	-0.39%	0.11%	-0.39%
ILMN	C	-0.43%	0.22%	-0.43%
J	D	0.41%	0.63%	0.41%
JAZZ	B	0.44%	0.3%	0.3%
KMX	B	-0.4%	0.56%	-0.4%
LPX	B	-0.52%	1.65%	-0.52%
LRCX	F	-0.36%	1.84%	-0.36%
LYFT	C	-0.65%	0.13%	-0.65%
MKSI	C	-0.4%	0.71%	-0.4%
MOH	F	0.36%	0.63%	0.36%
MPWR	F	-0.24%	0.03%	-0.24%
MRVL	B	-0.56%	0.2%	-0.56%
MTCH	D	0.35%	0.02%	0.02%
MU	D	-0.43%	0.82%	-0.43%
MUR	D	0.37%	0.61%	0.37%
NOC	D	0.4%	0.81%	0.4%
NTRA	A	-0.56%	0.03%	-0.56%
PEN	B	-0.52%	0.09%	-0.52%
PFE	F	0.37%	0.65%	0.37%
PODD	C	-0.59%	0.11%	-0.59%
PWR	A	-0.51%	0.02%	-0.51%
RGEN	D	-0.37%	0.55%	-0.37%
SLGN	A	0.46%	0.38%	0.38%
TER	F	-0.33%	0.02%	-0.33%
TGT	F	-0.44%	2.05%	-0.44%
TRU	D	-0.44%	0.34%	-0.44%
TXRH	B	0.51%	0.25%	0.25%
UBER	F	-0.42%	0.03%	-0.42%
VRSN	C	0.43%	0.07%	0.07%
VTRS	A	0.48%	0.14%	0.14%
WBA	F	-0.4%	0.92%	-0.4%

BTAL Overweight 334 Positions Relative to SHRT

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%
KMI	A	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%
FTNT	C	0.52%
MSI	B	0.51%
RLI	A	0.51%
PCAR	B	0.51%
MCK	A	0.51%
THG	A	0.51%
LNG	A	0.51%
BMY	B	0.51%
WELL	A	0.5%
CHH	A	0.5%
XEL	A	0.5%
PNM	B	0.5%
ORLY	B	0.5%
T	A	0.5%
CSCO	B	0.49%
AEE	A	0.49%
CINF	A	0.49%
G	B	0.49%
TMUS	B	0.49%
PKG	A	0.49%
GILD	C	0.49%
ALL	A	0.48%
VFC	C	0.48%
SIGI	C	0.48%
RGA	A	0.48%
LULU	C	0.48%
AIZ	A	0.48%
AXS	A	0.48%
TDY	B	0.48%
BRO	B	0.47%
SBRA	C	0.47%
DBX	B	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%
CW	C	0.47%
RYAN	A	0.47%
EDR	A	0.46%
DRI	B	0.46%
WEN	D	0.46%
RNR	C	0.46%
LNT	A	0.46%
WEC	A	0.46%
ADP	A	0.46%
ORI	A	0.46%
UTHR	C	0.45%
WRB	A	0.45%
CB	C	0.45%
CSX	C	0.45%
CMG	B	0.45%
REG	A	0.45%
AVB	B	0.45%
ARMK	B	0.45%
PGR	A	0.45%
WM	B	0.45%
IBM	C	0.45%
HIG	B	0.45%
COR	B	0.45%
ADC	A	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%
CDP	C	0.44%
VZ	C	0.44%
NEU	D	0.44%
CBOE	C	0.43%
UNH	B	0.43%
DLB	B	0.43%
CLH	C	0.43%
ZI	D	0.43%
CTSH	B	0.43%
YUM	D	0.43%
MSFT	D	0.43%
MUSA	B	0.43%
RTX	D	0.43%
X	B	0.43%
RSG	A	0.43%
OHI	C	0.43%
ELS	C	0.43%
TJX	A	0.43%
DUK	C	0.43%
MSM	C	0.43%
COLM	C	0.43%
FLO	D	0.42%
AVT	C	0.42%
VICI	C	0.42%
JNJ	C	0.42%
MMC	B	0.42%
CACI	D	0.42%
CXT	C	0.42%
ED	C	0.42%
GLPI	C	0.42%
MCD	D	0.42%
EG	C	0.42%
HRB	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%
CHE	D	0.4%
MSA	F	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%
GIS	D	0.38%
ERIE	D	0.38%
OXY	D	0.38%
MOS	F	0.38%
LMT	D	0.38%
MAN	F	0.37%
KBR	F	0.37%
ARW	D	0.37%
KO	D	0.37%
GPC	D	0.37%
TNET	F	0.37%
DVN	F	0.37%
AMGN	F	0.37%
ST	F	0.36%
AKAM	D	0.36%
NEM	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%
SRPT	F	0.32%
AGL	F	0.16%
SMCI	F	-0.18%
SEDG	F	-0.19%
RUN	F	-0.21%
MRNA	F	-0.22%
CNXC	F	-0.23%
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%
BRZE	C	-0.33%
AMKR	D	-0.34%
ELF	C	-0.35%
SHLS	F	-0.35%
ARWR	D	-0.35%
AES	F	-0.35%
TFX	F	-0.36%
DKS	D	-0.37%
WMS	F	-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%
KSS	F	-0.39%
PINS	F	-0.4%
ARE	F	-0.4%
FND	D	-0.4%
AMD	F	-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%
CZR	F	-0.42%
CWEN	C	-0.42%
CSGP	D	-0.42%
CC	C	-0.43%
CRSP	D	-0.43%
MGM	D	-0.43%
ALGN	D	-0.43%
PATH	C	-0.43%
SSD	F	-0.43%
SEE	C	-0.44%
THO	B	-0.44%
F	C	-0.44%
UGI	C	-0.44%
RYN	D	-0.44%
BBWI	C	-0.44%
TREX	C	-0.45%
NWE	B	-0.45%
DAR	C	-0.45%
CARR	C	-0.45%
MTDR	B	-0.45%
RMD	C	-0.45%
AVGO	D	-0.45%
OC	A	-0.46%
SMG	C	-0.46%
VEEV	C	-0.46%
BXP	C	-0.46%
LAMR	C	-0.46%
ZS	B	-0.46%
KRC	B	-0.46%
JLL	D	-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%
TT	A	-0.51%
CBRE	B	-0.51%
RBLX	C	-0.51%
RRC	B	-0.51%
COHR	B	-0.52%
ETN	A	-0.52%
IOT	A	-0.52%
URI	C	-0.52%
VNO	C	-0.52%
PYPL	B	-0.52%
ALB	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%
NTRS	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%
TDOC	C	-0.56%
BX	A	-0.57%
CRWD	B	-0.57%
OWL	A	-0.58%
TPG	A	-0.58%
EQT	B	-0.59%
DASH	B	-0.59%
SAIA	B	-0.59%
SQ	A	-0.6%
LYV	A	-0.62%
LITE	B	-0.62%
DUOL	A	-0.63%
CCL	A	-0.63%
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 142 Positions Relative to SHRT

Symbol	Grade	Weight
GM	C	-2.09%
THC	D	-1.9%
BIIB	F	-1.36%
CHWY	B	-1.34%
CVX	A	-1.31%
CRUS	D	-1.26%
SWKS	F	-1.21%
TSN	B	-1.15%
EOG	A	-1.12%
RVTY	F	-1.12%
PPC	C	-1.09%
QGEN	D	-1.01%
ZBRA	B	-1.0%
JBHT	C	-0.9%
QRVO	F	-0.88%
LII	A	-0.84%
MATX	C	-0.83%
CHTR	C	-0.82%
JCI	B	-0.81%
MTZ	B	-0.8%
KLAC	F	-0.8%
UPS	C	-0.8%
UHS	D	-0.8%
TKO	A	-0.78%
CTLT	C	-0.75%
INGR	C	-0.73%
OVV	B	-0.69%
ICUI	D	-0.67%
STX	C	-0.66%
WDC	D	-0.65%
LHX	C	-0.65%
CROX	D	-0.64%
CL	D	-0.63%
BALL	F	-0.62%
MRO	B	-0.59%
HOLX	D	-0.58%
POST	C	-0.55%
EME	A	-0.5%
AVNT	B	-0.5%
CNX	A	-0.5%
ECL	D	-0.5%
AVTR	F	-0.49%
NCLH	B	-0.48%
FSS	B	-0.47%
CLX	A	-0.46%
EXEL	B	-0.46%
SCCO	F	-0.45%
TPX	B	-0.44%
HALO	F	-0.44%
MAS	D	-0.39%
LTH	C	-0.37%
VMC	B	-0.36%
HAS	D	-0.35%
NSC	B	-0.35%
ZTS	D	-0.33%
IQV	F	-0.33%
MSGS	A	-0.32%
VMI	B	-0.32%
AMAT	F	-0.31%
XRAY	F	-0.31%
LKQ	F	-0.3%
HES	B	-0.3%
TWLO	A	-0.29%
MMS	F	-0.29%
CTRA	B	-0.27%
SO	C	-0.27%
EMR	B	-0.26%
UI	B	-0.26%
ONTO	F	-0.26%
ASH	F	-0.24%
BPMC	B	-0.24%
SYK	B	-0.23%
SKYW	C	-0.23%
WSM	C	-0.23%
NFG	A	-0.22%
LEVI	F	-0.22%
ALLE	C	-0.21%
FLS	B	-0.21%
PSN	D	-0.21%
BAH	F	-0.2%
HIMS	B	-0.2%
TYL	B	-0.19%
CHDN	B	-0.18%
H	B	-0.17%
NBIX	C	-0.17%
ALKS	C	-0.17%
GFS	C	-0.16%
GDDY	A	-0.16%
ACIW	B	-0.16%
ESI	B	-0.16%
EMN	C	-0.16%
ADMA	B	-0.15%
APPF	B	-0.15%
KTB	B	-0.15%
VLTO	C	-0.14%
SHAK	C	-0.14%
RKLB	A	-0.13%
SWX	B	-0.13%
ISRG	A	-0.12%
INFA	D	-0.12%
TMO	F	-0.12%
GMED	A	-0.11%
CNI	F	-0.11%
PNR	A	-0.1%
IPG	D	-0.1%
AWI	A	-0.09%
SEM	B	-0.09%
OLED	F	-0.09%
TPL	A	-0.09%
KEX	B	-0.09%
SPOT	B	-0.08%
RGLD	C	-0.08%
PLXS	B	-0.08%
IGT	F	-0.08%
NOV	C	-0.08%
REGN	F	-0.08%
PTC	B	-0.07%
CWAN	B	-0.07%
ABG	C	-0.07%
ROST	D	-0.06%
PRIM	A	-0.06%
SNDR	B	-0.05%
NXST	C	-0.05%
QTWO	A	-0.05%
FTDR	B	-0.04%
DTM	A	-0.04%
CMC	B	-0.03%
AOS	F	-0.02%
DNB	B	-0.02%
BFAM	D	-0.02%
HSIC	C	-0.02%
TTEK	F	-0.02%
R	B	-0.01%
RUSHA	C	-0.01%
GEHC	D	-0.01%
IAC	F	-0.01%
SITM	B	-0.01%
ZBH	C	-0.01%
EHC	B	-0.01%
DVA	C	-0.01%
OPCH	D	-0.01%
CRVL	B	-0.0%