QAI vs. CMDT ETF Comparison
Comparison of IQ Hedge MultiIQ Hedge Multi-Strategy Tracker ETF (QAI) to PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT)
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
$31.65
Average Daily Volume
162,946
35
CMDT
PIMCO Commodity Strategy Active Exchange-Traded Fund
CMDT Description
CMDT aims for total return in excess of a diversified commodity benchmark by actively managing both commodity exposure and the funds collateral. The fund primarily gains exposure through commodity swaps and futures but may also directly invest in commodities and use other commodity-linked derivatives. The fund adviser determines target allocations using proprietary quantitative models that incorporate multi-factors such as historic performance trends and storage costs. Positions established may be long, short, or no positions in the specific commodities suggested by the models. Weighting is at the discretion of the fund adviser. The fund also holds a short-duration of investment grade fixed-income securities to serve as collateral. CMDT obtains its exposure via a Cayman Islands subsidiary, thus avoiding a K-1 form to investors. The fund has a longer investment horizon, not short-term, tactical trading. Investments and returns may be different from the advisers other fundsGrade (RS Rating)
Last Trade
$25.98
Average Daily Volume
22,403
1
Performance
| Period | QAI | CMDT |
|---|---|---|
| 30 Days | 1.15% | -0.19% |
| 60 Days | 1.02% | -2.51% |
| 90 Days | 2.06% | -4.84% |
| 12 Months | 8.58% | -6.58% |
0 Overlapping Holdings
| Symbol | Grade | Weight in QAI | Weight in CMDT | Overlap |
|---|
QAI Overweight 35 Positions Relative to CMDT
| Symbol | Grade | Weight | |
|---|---|---|---|
| FLOT | A | 15.89% | |
| MUB | A | 3.07% | |
| PIN | A | 0.0% | |
| JEPQ | C | -0.01% | |
| SPHQ | A | -0.02% | |
| CTA | D | -0.02% | |
| COMT | D | -0.03% | |
| KMLM | C | -0.03% | |
| GLDM | A | -0.04% | |
| FLJP | B | -0.05% | |
| PFFD | A | -0.05% | |
| DBMF | D | -0.09% | |
| ARB | B | -0.11% | |
| JEPI | A | -0.15% | |
| PDBC | F | -0.17% | |
| STIP | A | -0.18% | |
| SRLN | A | -0.2% | |
| DBA | B | -0.25% | |
| BBJP | B | -0.26% | |
| BKLN | A | -0.26% | |
| MTUM | B | -0.26% | |
| VTEB | A | -0.26% | |
| PFF | A | -0.28% | |
| ICVT | A | -0.35% | |
| SCHR | A | -0.38% | |
| MNA | A | -0.4% | |
| FLRN | A | -0.5% | |
| CWB | A | -0.62% | |
| IGOV | A | -0.62% | |
| UUP | F | -0.68% | |
| SGOV | B | -0.68% | |
| BIL | B | -0.98% | |
| BWX | A | -1.17% | |
| VGIT | A | -1.34% | |
| BTAL | C | -3.05% |
QAI Underweight 1 Positions Relative to CMDT
| Symbol | Grade | Weight | |
|---|---|---|---|
| MINT | A | -6.7% |
QAI: Top Represented Industries & Keywords
CMDT: Top Represented Industries & Keywords
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