FCEF vs. QAI ETF Comparison
Comparison of First Trust CEF Income Opportunity ETF (FCEF) to IQ Hedge MultiIQ Hedge Multi-Strategy Tracker ETF (QAI)
FCEF
First Trust CEF Income Opportunity ETF
FCEF Description
The First Trust CEF Income Opportunity ETF is an actively managed exchange-traded fund. The Fund's investment objective is to provide current income with a secondary emphasis on total return. Under normal market conditions, the Fund will seek to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in a portfolio of closed-end investment companies that are listed and traded in the United States on registered exchanges.
Grade (RS Rating)
Last Trade
$22.41
Average Daily Volume
8,192
46
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
$32.35
Average Daily Volume
159,847
32
Performance
| Period | FCEF | QAI |
|---|---|---|
| 30 Days | 1.27% | 0.90% |
| 60 Days | 4.38% | 3.55% |
| 90 Days | 7.47% | 4.59% |
| 12 Months | 31.01% | 12.19% |
0 Overlapping Holdings
| Symbol | Grade | Weight in FCEF | Weight in QAI | Overlap |
|---|
FCEF Overweight 46 Positions Relative to QAI
| Symbol | Grade | Weight | |
|---|---|---|---|
| ETG | A | 3.89% | |
| HQH | C | 3.3% | |
| THQ | D | 3.27% | |
| HTD | B | 3.26% | |
| ASGI | D | 3.22% | |
| ETO | B | 3.14% | |
| SOR | B | 3.14% | |
| EVT | A | 3.12% | |
| VRIG | A | 3.11% | |
| GDV | A | 2.88% | |
| JPC | A | 2.5% | |
| UTF | C | 2.49% | |
| JQC | A | 2.49% | |
| TY | A | 2.47% | |
| RNP | C | 2.45% | |
| BCAT | B | 2.24% | |
| NPFD | A | 2.23% | |
| PDO | D | 2.17% | |
| BGB | A | 2.15% | |
| CET | A | 2.03% | |
| GAM | A | 1.99% | |
| UTG | A | 1.8% | |
| JFR | A | 1.57% | |
| JRI | A | 1.5% | |
| EVG | B | 1.44% | |
| PEO | B | 1.38% | |
| PDX | B | 1.24% | |
| RA | B | 1.24% | |
| AIO | B | 1.03% | |
| NBB | D | 1.01% | |
| QQQX | A | 0.99% | |
| CII | A | 0.97% | |
| BCX | B | 0.75% | |
| WIW | A | 0.75% | |
| KYN | A | 0.74% | |
| HIO | A | 0.74% | |
| BIT | B | 0.72% | |
| BUI | C | 0.72% | |
| TPZ | B | 0.51% | |
| HQL | C | 0.5% | |
| RMT | A | 0.5% | |
| BTZ | B | 0.48% | |
| BME | D | 0.47% | |
| JLS | B | 0.47% | |
| DPG | B | 0.3% | |
| DLY | C | 0.22% |
FCEF Underweight 32 Positions Relative to QAI
| Symbol | Grade | Weight | |
|---|---|---|---|
| FLOT | A | -17.1% | |
| MUB | C | -2.7% | |
| SIVR | C | -0.03% | |
| PIN | D | -0.0% | |
| FLJP | D | -0.0% | |
| SPHQ | A | --0.02% | |
| BBJP | D | --0.02% | |
| CTA | C | --0.02% | |
| COMT | C | --0.03% | |
| KMLM | F | --0.03% | |
| PFFD | B | --0.04% | |
| JEPI | A | --0.05% | |
| DBMF | D | --0.07% | |
| ARB | B | --0.1% | |
| PDBC | C | --0.14% | |
| SRLN | A | --0.19% | |
| BKLN | A | --0.21% | |
| VTEB | C | --0.22% | |
| MTUM | A | --0.23% | |
| DBA | C | --0.24% | |
| PFF | A | --0.25% | |
| STIP | B | --0.33% | |
| MNA | C | --0.35% | |
| ICVT | A | --0.35% | |
| FLRN | A | --0.5% | |
| CWB | A | --0.61% | |
| UUP | A | --0.62% | |
| SGOV | B | --0.73% | |
| BIL | A | --0.96% | |
| IGOV | D | --1.03% | |
| BWX | F | --2.19% | |
| BTAL | D | --2.76% |
FCEF: Top Represented Industries & Keywords
QAI: Top Represented Industries & Keywords
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