RAAX vs. QAI ETF Comparison
Comparison of VanEck Vectors Real Asset Allocation ETF (RAAX) to IQ Hedge MultiIQ Hedge Multi-Strategy Tracker ETF (QAI)
RAAX
VanEck Vectors Real Asset Allocation ETF
RAAX Description
The investment seeks long-term total return. The fund invests, under normal circumstances, primarily in (i) exchange traded products that provide exposure to real assets through investment in domestic and foreign equity and debt securities, master limited partnerships ("MLPs"), and physical commodities, including ETFs and non-1940 Act (defined herein) commodity pools or commodity trusts and exchange traded notes ("ETNs") (collectively, "ETPs"); and (ii) cash or cash equivalents. It is non-diversified.
Grade (RS Rating)
Last Trade
$29.96
Average Daily Volume
12,741
9
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
$32.35
Average Daily Volume
159,847
32
Performance
| Period | RAAX | QAI |
|---|---|---|
| 30 Days | 2.87% | 0.90% |
| 60 Days | 8.60% | 3.55% |
| 90 Days | 9.28% | 4.59% |
| 12 Months | 20.02% | 12.19% |
0 Overlapping Holdings
| Symbol | Grade | Weight in RAAX | Weight in QAI | Overlap |
|---|
RAAX Underweight 32 Positions Relative to QAI
| Symbol | Grade | Weight | |
|---|---|---|---|
| FLOT | A | -17.1% | |
| MUB | C | -2.7% | |
| SIVR | C | -0.03% | |
| PIN | D | -0.0% | |
| FLJP | D | -0.0% | |
| SPHQ | A | --0.02% | |
| BBJP | D | --0.02% | |
| CTA | C | --0.02% | |
| COMT | C | --0.03% | |
| KMLM | F | --0.03% | |
| PFFD | B | --0.04% | |
| JEPI | A | --0.05% | |
| DBMF | D | --0.07% | |
| ARB | B | --0.1% | |
| PDBC | C | --0.14% | |
| SRLN | A | --0.19% | |
| BKLN | A | --0.21% | |
| VTEB | C | --0.22% | |
| MTUM | A | --0.23% | |
| DBA | C | --0.24% | |
| PFF | A | --0.25% | |
| STIP | B | --0.33% | |
| MNA | C | --0.35% | |
| ICVT | A | --0.35% | |
| FLRN | A | --0.5% | |
| CWB | A | --0.61% | |
| UUP | A | --0.62% | |
| SGOV | B | --0.73% | |
| BIL | A | --0.96% | |
| IGOV | D | --1.03% | |
| BWX | F | --2.19% | |
| BTAL | D | --2.76% |
RAAX: Top Represented Industries & Keywords
QAI: Top Represented Industries & Keywords
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