DALI vs. QAI ETF Comparison
Comparison of First Trust DorseyWright DALI 1 ETF (DALI) to IQ Hedge MultiIQ Hedge Multi-Strategy Tracker ETF (QAI)
DALI
First Trust DorseyWright DALI 1 ETF
DALI Description
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the Nasdaq Dorsey Wright DALI 1 Index. Under normal conditions, the fund will invest at least 90% of its net assets (including investment borrowings) in the equity securities that comprise the index. The index has been designed based upon the principle that the asset class exhibiting the highest levels of "relative strength," based on current prices, will be the asset class with the best performance over the near term. It is non-diversified.
Grade (RS Rating)
Last Trade
$24.39
Average Daily Volume
7,491
4
QAI
IQ Hedge MultiIQ Hedge Multi-Strategy Tracker ETF
QAI Description
The investment seeks investment results that correspond generally to the price and yield performance of its underlying index, the IQ Hedge Multi-Strategy Index. The fund invests normally at least 80% of its net assets (excluding collateral held from securities lending), plus the amount of any borrowings for investment purposes, in the investments included in its underlying index, which includes underlying funds. The underlying index consists of a number of components ("underlying index Components") selected in accordance with IndexIQ's rules-based methodology of such underlying index.Grade (RS Rating)
Last Trade
$31.68
Average Daily Volume
168,587
35
Performance
| Period | DALI | QAI |
|---|---|---|
| 30 Days | 0.29% | 0.92% |
| 60 Days | 1.14% | 1.51% |
| 90 Days | 1.57% | 2.36% |
| 12 Months | -2.86% | 8.74% |
0 Overlapping Holdings
| Symbol | Grade | Weight in DALI | Weight in QAI | Overlap |
|---|
DALI Underweight 35 Positions Relative to QAI
| Symbol | Grade | Weight | |
|---|---|---|---|
| FLOT | A | -15.84% | |
| MUB | A | -3.06% | |
| PIN | A | -0.0% | |
| JEPQ | B | --0.01% | |
| SPHQ | B | --0.02% | |
| CTA | D | --0.02% | |
| COMT | D | --0.03% | |
| KMLM | C | --0.03% | |
| PFFD | A | --0.04% | |
| GLDM | B | --0.04% | |
| FLJP | C | --0.05% | |
| DBMF | D | --0.09% | |
| ARB | A | --0.1% | |
| JEPI | A | --0.15% | |
| PDBC | F | --0.17% | |
| STIP | A | --0.18% | |
| SRLN | A | --0.19% | |
| VTEB | A | --0.25% | |
| DBA | B | --0.25% | |
| BKLN | A | --0.26% | |
| MTUM | B | --0.26% | |
| BBJP | D | --0.26% | |
| PFF | A | --0.27% | |
| ICVT | A | --0.35% | |
| SCHR | B | --0.37% | |
| MNA | A | --0.4% | |
| FLRN | A | --0.49% | |
| IGOV | B | --0.6% | |
| CWB | A | --0.61% | |
| SGOV | B | --0.66% | |
| UUP | F | --0.67% | |
| BIL | B | --0.95% | |
| BWX | A | --1.14% | |
| VGIT | B | --1.3% | |
| BTAL | D | --2.91% |
DALI: Top Represented Industries & Keywords
QAI: Top Represented Industries & Keywords
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