FPE vs. QAI ETF Comparison
Comparison of First Trust Preferred Securities and Income ETF ETF (FPE) to IQ Hedge MultiIQ Hedge Multi-Strategy Tracker ETF (QAI)
FPE
First Trust Preferred Securities and Income ETF ETF
FPE Description
The investment seeks total return and to provide current income. The fund invests at least 80% of its net assets (including investment borrowings) in preferred securities ("Preferred Securities") and income-producing debt securities ("Income Securities"). It invests in securities that are traded over-the-counter or listed on an exchange. The fund may invest in U.S. and non-U.S. debt and equity securities that are traded over-the-counter or listed on an exchange. It invests at least 60% of its net assets in securities rated investment grade (BBB-/Baa3 or higher) at the time of purchase. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$18.13
Average Daily Volume
1,113,891
17
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
$32.08
Average Daily Volume
157,425
35
Performance
| Period | FPE | QAI |
|---|---|---|
| 30 Days | 2.14% | 2.49% |
| 60 Days | 5.59% | 5.18% |
| 90 Days | 5.08% | 2.75% |
| 12 Months | 22.21% | 11.80% |
1 Overlapping Holdings
| Symbol | Grade | Weight in FPE | Weight in QAI | Overlap | |
|---|---|---|---|---|---|
| BIL | B | 0.78% | -0.95% | -0.95% |
FPE Underweight 34 Positions Relative to QAI
| Symbol | Grade | Weight | |
|---|---|---|---|
| FLOT | A | -15.56% | |
| MUB | B | -3.01% | |
| PIN | D | -0.0% | |
| JEPQ | A | --0.01% | |
| KMLM | F | --0.02% | |
| SPHQ | B | --0.02% | |
| CTA | B | --0.02% | |
| COMT | B | --0.03% | |
| FLJP | B | --0.04% | |
| PFFD | B | --0.04% | |
| GLDM | B | --0.04% | |
| DBMF | D | --0.09% | |
| ARB | A | --0.1% | |
| JEPI | A | --0.14% | |
| PDBC | B | --0.16% | |
| STIP | B | --0.17% | |
| SRLN | A | --0.19% | |
| VTEB | B | --0.24% | |
| DBA | C | --0.24% | |
| BBJP | B | --0.25% | |
| BKLN | A | --0.25% | |
| MTUM | A | --0.25% | |
| PFF | B | --0.27% | |
| ICVT | A | --0.34% | |
| SCHR | C | --0.37% | |
| MNA | A | --0.39% | |
| FLRN | A | --0.48% | |
| CWB | A | --0.6% | |
| IGOV | D | --0.61% | |
| SGOV | B | --0.66% | |
| UUP | B | --0.66% | |
| BWX | D | --1.16% | |
| VGIT | C | --1.31% | |
| BTAL | D | --2.8% |
FPE: Top Represented Industries & Keywords
QAI: Top Represented Industries & Keywords
Compare ETFs
