RDFI vs. QAI ETF Comparison
Comparison of Rareview Dynamic Fixed Income ETF (RDFI) to IQ Hedge MultiIQ Hedge Multi-Strategy Tracker ETF (QAI)
RDFI
Rareview Dynamic Fixed Income ETF
RDFI Description
The investment seeks total return with an emphasis on providing current income. Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in fixed income closed-end funds trading at a discount or premium to their underlying net asset value and that pay regular periodic cash distributions. Through its investments in closed-end funds that hold non-U.S. fixed income securities, the fund may invest indirectly in foreign securities, including securities of issuers located in emerging markets. It is non-diversified.
Grade (RS Rating)
Last Trade
$24.86
Average Daily Volume
9,653
30
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
Performance
| Period | RDFI | QAI |
|---|---|---|
| 30 Days | 2.72% | 1.15% |
| 60 Days | 5.99% | 1.02% |
| 90 Days | 8.41% | 2.06% |
| 12 Months | 19.27% | 8.58% |
1 Overlapping Holdings
| Symbol | Grade | Weight in RDFI | Weight in QAI | Overlap | |
|---|---|---|---|---|---|
| BIL | B | 0.56% | -0.98% | -0.98% |
RDFI Overweight 29 Positions Relative to QAI
| Symbol | Grade | Weight | |
|---|---|---|---|
| JPC | A | 6.4% | |
| EMD | B | 6.35% | |
| EDD | B | 5.75% | |
| FPF | A | 5.48% | |
| NPFD | A | 5.1% | |
| HIO | A | 4.67% | |
| PDX | B | 4.61% | |
| TEI | B | 4.18% | |
| NVG | B | 3.99% | |
| NZF | B | 3.84% | |
| ZROZ | A | 3.21% | |
| NAD | A | 3.03% | |
| EAD | A | 2.92% | |
| BTZ | A | 2.46% | |
| FTF | A | 2.19% | |
| NEA | A | 2.16% | |
| MMU | B | 2.12% | |
| RA | A | 2.01% | |
| BLE | A | 1.99% | |
| IQI | A | 1.88% | |
| FEMB | B | 1.63% | |
| VKQ | B | 1.52% | |
| HIX | B | 1.5% | |
| MYD | B | 1.46% | |
| EVV | A | 1.44% | |
| VMO | A | 1.37% | |
| GHY | A | 1.34% | |
| ERC | A | 0.65% | |
| IIM | B | 0.3% |
RDFI Underweight 34 Positions Relative to QAI
| 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% | |
| BWX | A | --1.17% | |
| VGIT | A | --1.34% | |
| BTAL | C | --3.05% |
RDFI: Top Represented Industries & Keywords
QAI: Top Represented Industries & Keywords
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