QAI vs. PFFL ETF Comparison
Comparison of IQ Hedge MultiIQ Hedge Multi-Strategy Tracker ETF (QAI) to ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN due September 25, 2048 (PFFL)
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
$31.14
Average Daily Volume
76,429
35
PFFL
ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN due September 25, 2048
PFFL Description
The investment seeks to provide two times leveraged long exposure to the compounded monthly performance of the Solactive Preferred Stock ETF Index (the “index”). The index is designed to track the price movements of an equally weighted portfolio of two exchange-traded funds (“ETFs”) that hold preferred securities of various issuers. The Securities are two times leveraged with respect to the index and, as a result, will benefit from two times any beneficial, but will be exposed to two times any adverse, compounded monthly performance of the index.Grade (RS Rating)
Last Trade
$9.68
Average Daily Volume
4,251
2
Performance
| Period | QAI | PFFL |
|---|---|---|
| 30 Days | 0.13% | 2.16% |
| 60 Days | 0.67% | 1.98% |
| 90 Days | 1.37% | 2.42% |
| 12 Months | 7.44% | 11.18% |
1 Overlapping Holdings
| Symbol | Grade | Weight in QAI | Weight in PFFL | Overlap | |
|---|---|---|---|---|---|
| PFF | A | -0.27% | 50.23% | -0.27% |
QAI Overweight 34 Positions Relative to PFFL
| Symbol | Grade | Weight | |
|---|---|---|---|
| FLOT | A | 15.98% | |
| MUB | A | 3.05% | |
| 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% | |
| 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% |
QAI Underweight 1 Positions Relative to PFFL
| Symbol | Grade | Weight | |
|---|---|---|---|
| PGX | A | -49.77% |
QAI: Top Represented Industries & Keywords
PFFL: Top Represented Industries & Keywords
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