IVOL vs. KMLM ETF Comparison

Comparison of Quadratic Interest Rate Volatility and Inflation Hedge ETF (IVOL) to KFA Mount Lucas Index Strategy ETF (KMLM)

IVOL

Quadratic Interest Rate Volatility and Inflation Hedge ETF

IVOL Description

The investment seeks to hedge the risk of increased fixed income volatility and rising inflation and to profit from rising long-term interest rates or falling short-term interest rates, often referred to as a steepening of the U.S. interest rate curve, while providing inflation-protected income. The fund is actively managed and seeks to achieve its investment objective primarily by investing, directly or indirectly, in a mix of U.S. Treasury Inflation-Protected Securities ("TIPS") and long options tied to the shape of the U.S. interest rate curve. It is non-diversified.

Grade (RS Rating)

Last Trade

$18.69

Average Daily Volume

269,450

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KMLM

KFA Mount Lucas Index Strategy ETF

KMLM Description

The investment seeks to provide a total return that, before fees and expenses, exceeds that of the KFA MLM Index over a complete market cycle. The fund seeks to achieve its goal by investing under normal circumstances in commodity, currency, and global fixed income futures contracts traded on U.S. and foreign exchanges that are the same as or similar to those included in the index and debt instruments. The index is a modified version of the MLM Index, which is an index constructed of a portfolio of commodity, currency, and global fixed income futures contracts traded on U.S. and foreign exchanges using a trend following methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$29.47

Average Daily Volume

149,568

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IVOL	KMLM
30 Days	0.38%	2.26%
60 Days	0.84%	-0.27%
90 Days	0.01%	-2.93%
12 Months	-5.45%	-5.35%

0 Overlapping Holdings

	Symbol	Grade	Weight in IVOL	Weight in KMLM	Overlap

IVOL Overweight 1 Positions Relative to KMLM

	Symbol	Grade	Weight
	SCHP	A	80.88%

IVOL Underweight 1 Positions Relative to KMLM

	Symbol	Grade	Weight
	SCHO	B	-51.37%

IVOL: Top Represented Industries & Keywords

Industries:

Keywords: Bond Bond Market Indices ETF Exchange Traded Fund Fixed Income Fixed Income Analysis Inflation Merrill Lynch U.S. Treasury Yield

KMLM: Top Represented Industries & Keywords

Industries:

Keywords: Bear Market ETF Bloomberg Barclays Us Aggregate Bond Index Bond Bond Market Indices ETF Exchange Traded Fund Fixed Income Inverse ETF U.S. Treasury United States Treasury Security Yield