PRMN vs. QAI ETF Comparison
Comparison of PlanRock Market Neutral Income ETF (PRMN) to IQ Hedge MultiIQ Hedge Multi-Strategy Tracker ETF (QAI)
PRMN
PlanRock Market Neutral Income ETF
PRMN Description
The fund strategy follows a proprietary, rules-based methodology that selects global high dividend-paying ETFs or stocks from those listed on an exchange and with significant underlying security liquidity, while using offsetting short positions through equity index futures. The strategy allocates to long and short equity index futures, volatility futures, options and options on futures to neutralize equity risk exposure and control volatility similar to the global bond market, while striving to achieve high dividend income and capital appreciation over the long-term.
Grade (RS Rating)
Last Trade
$29.13
Average Daily Volume
286
8
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
$32.40
Average Daily Volume
89,399
32
Performance
| Period | PRMN | QAI |
|---|---|---|
| 30 Days | -0.03% | 0.86% |
| 60 Days | -0.04% | 1.79% |
| 90 Days | 0.89% | 2.63% |
| 12 Months | 10.59% |
1 Overlapping Holdings
| Symbol | Grade | Weight in PRMN | Weight in QAI | Overlap | |
|---|---|---|---|---|---|
| DBMF | D | 28.46% | -0.07% | -0.07% |
PRMN Underweight 31 Positions Relative to QAI
| Symbol | Grade | Weight | |
|---|---|---|---|
| FLOT | A | -17.06% | |
| MUB | C | -2.71% | |
| SIVR | C | -0.03% | |
| PIN | D | -0.0% | |
| FLJP | D | -0.0% | |
| KMLM | F | --0.02% | |
| SPHQ | A | --0.02% | |
| CTA | A | --0.02% | |
| BBJP | D | --0.02% | |
| COMT | C | --0.03% | |
| PFFD | D | --0.04% | |
| JEPI | A | --0.05% | |
| ARB | A | --0.09% | |
| PDBC | C | --0.14% | |
| SRLN | A | --0.18% | |
| BKLN | A | --0.2% | |
| VTEB | B | --0.21% | |
| DBA | B | --0.22% | |
| MTUM | A | --0.22% | |
| PFF | D | --0.23% | |
| STIP | B | --0.31% | |
| MNA | C | --0.33% | |
| ICVT | A | --0.33% | |
| FLRN | A | --0.47% | |
| CWB | A | --0.58% | |
| UUP | A | --0.61% | |
| SGOV | B | --0.72% | |
| BIL | A | --0.94% | |
| IGOV | F | --1.0% | |
| BWX | F | --2.12% | |
| BTAL | D | --2.68% |
PRMN: Top Represented Industries & Keywords
QAI: Top Represented Industries & Keywords
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