HEFA vs. QAI ETF Comparison
Comparison of iShares Currency Hedged MSCI EAFE ETF (HEFA) to IQ Hedge MultiIQ Hedge Multi-Strategy Tracker ETF (QAI)
HEFA
iShares Currency Hedged MSCI EAFE ETF
HEFA Description
The investment seeks to track the investment results of an index composed of large- and mid-capitalization equities in Europe, Australasia, and the Far East while mitigating exposure to fluctuations between the value of the component currencies and the U.S. dollar. The fund seeks to track the investment results of the MSCI EAFE® 100% Hedged to USD Index (the "underlying index"), which has been developed by MSCI Inc. ("MSCI") as an equity benchmark for its international stock performance with the currency risk of the securities included in the underlying index hedged against the U.S. dollar on a monthly basis. It is non-diversified.
Grade (RS Rating)
Last Trade
$35.17
Average Daily Volume
1,524,467
1
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
$31.90
Average Daily Volume
168,587
35
Performance
| Period | HEFA | QAI |
|---|---|---|
| 30 Days | -0.80% | 0.92% |
| 60 Days | -1.36% | 1.51% |
| 90 Days | -0.86% | 2.36% |
| 12 Months | 15.92% | 8.74% |
0 Overlapping Holdings
| Symbol | Grade | Weight in HEFA | Weight in QAI | Overlap |
|---|
HEFA Overweight 1 Positions Relative to QAI
| Symbol | Grade | Weight | |
|---|---|---|---|
| EFA | B | 1.0% |
HEFA 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% |
HEFA: Top Represented Industries & Keywords
QAI: Top Represented Industries & Keywords
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