QAI vs. FPE ETF Comparison
Comparison of IQ Hedge MultiIQ Hedge Multi-Strategy Tracker ETF (QAI) to First Trust Preferred Securities and Income ETF ETF (FPE)
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
$32.54
Average Daily Volume
81,551
32
FPE
First Trust Preferred Securities and Income ETF ETF
FPE Description
The investment seeks total return and to provide current income. The fund invests at least 80% of its net assets (including investment borrowings) in preferred securities ("Preferred Securities") and income-producing debt securities ("Income Securities"). It invests in securities that are traded over-the-counter or listed on an exchange. The fund may invest in U.S. and non-U.S. debt and equity securities that are traded over-the-counter or listed on an exchange. It invests at least 60% of its net assets in securities rated investment grade (BBB-/Baa3 or higher) at the time of purchase. The fund is non-diversified.Grade (RS Rating)
Last Trade
$17.81
Average Daily Volume
1,208,680
18
Performance
| Period | QAI | FPE |
|---|---|---|
| 30 Days | 1.66% | -0.89% |
| 60 Days | 1.94% | -1.20% |
| 90 Days | 3.07% | 1.08% |
| 12 Months | 11.07% | 16.25% |
1 Overlapping Holdings
| Symbol | Grade | Weight in QAI | Weight in FPE | Overlap | |
|---|---|---|---|---|---|
| BIL | A | -0.94% | 1.2% | -0.94% |
QAI Overweight 31 Positions Relative to FPE
| Symbol | Grade | Weight | |
|---|---|---|---|
| FLOT | A | 17.06% | |
| MUB | C | 2.71% | |
| SIVR | D | 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 | D | -0.03% | |
| PFFD | C | -0.04% | |
| JEPI | A | -0.05% | |
| DBMF | D | -0.07% | |
| ARB | B | -0.09% | |
| PDBC | D | -0.14% | |
| SRLN | A | -0.18% | |
| BKLN | A | -0.2% | |
| VTEB | B | -0.21% | |
| DBA | B | -0.22% | |
| MTUM | A | -0.22% | |
| PFF | C | -0.23% | |
| STIP | C | -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% | |
| IGOV | F | -1.0% | |
| BWX | F | -2.12% | |
| BTAL | F | -2.68% |
QAI: Top Represented Industries & Keywords
FPE: Top Represented Industries & Keywords
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