OVM vs. QAI ETF Comparison
Comparison of Overlay Shares Municipal Bond ETF (OVM) to IQ Hedge MultiIQ Hedge Multi-Strategy Tracker ETF (QAI)
OVM
Overlay Shares Municipal Bond ETF
OVM Description
The investment seeks total return. The fund is an actively-managed exchange-traded fund (ETF) that seeks to achieve its objective by (i) investing in one or more other ETFs that seek to obtain exposure to the performance of investment grade municipal bonds and below investment grade municipal bonds or directly in the securities held by such ETFs and (ii) selling and purchasing listed short-term put options to generate income to the fund.
Grade (RS Rating)
Last Trade
$22.22
Average Daily Volume
5,123
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
$30.82
Average Daily Volume
76,429
35
Performance
| Period | OVM | QAI |
|---|---|---|
| 30 Days | 1.21% | 0.13% |
| 60 Days | 3.03% | 0.67% |
| 90 Days | 3.16% | 1.37% |
| 12 Months | 5.52% | 7.44% |
1 Overlapping Holdings
| Symbol | Grade | Weight in OVM | Weight in QAI | Overlap | |
|---|---|---|---|---|---|
| MUB | A | 100.0% | 3.05% | 3.05% |
OVM Overweight 0 Positions Relative to QAI
| Symbol | Grade | Weight |
|---|
OVM Underweight 34 Positions Relative to QAI
| Symbol | Grade | Weight | |
|---|---|---|---|
| FLOT | A | -15.98% | |
| PIN | A | -0.0% | |
| JEPQ | D | --0.01% | |
| CTA | D | --0.02% | |
| SPHQ | B | --0.02% | |
| COMT | F | --0.03% | |
| KMLM | C | --0.03% | |
| PFFD | A | --0.04% | |
| GLDM | A | --0.04% | |
| FLJP | C | --0.05% | |
| ARB | A | --0.1% | |
| DBMF | D | --0.1% | |
| JEPI | A | --0.14% | |
| STIP | A | --0.18% | |
| PDBC | F | --0.18% | |
| SRLN | C | --0.19% | |
| DBA | D | --0.24% | |
| MTUM | D | --0.25% | |
| VTEB | A | --0.25% | |
| BBJP | C | --0.26% | |
| BKLN | A | --0.26% | |
| PFF | A | --0.27% | |
| ICVT | B | --0.34% | |
| SCHR | A | --0.37% | |
| MNA | A | --0.38% | |
| FLRN | A | --0.49% | |
| CWB | B | --0.59% | |
| IGOV | B | --0.59% | |
| SGOV | A | --0.68% | |
| UUP | A | --0.69% | |
| BIL | A | --0.97% | |
| BWX | B | --1.11% | |
| VGIT | A | --1.3% | |
| BTAL | B | --2.85% |
OVM: Top Represented Industries & Keywords
QAI: Top Represented Industries & Keywords
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