BTAL vs QAI

Both BTAL and QAI are ETFs. BTAL has a lower 5-year return than QAI (0.26% vs 1.51%). Below is the comparison between BTAL and QAI.

BTAL QAI
Security Type ETF ETF
Segment Alternatives: Absolute Returns Alternatives: Absolute Returns
Family FQF Trust IndexIQ
Net Assets $116.90M $757.30M
Expense Ratio 2.53% N/A
Management Style passive (index-based) passive (index-based)
Dividend Yield 0.00% 1.88%
Underlying Index Dow Jones U.S. Thematic Market Neutral Anti-Beta Total Return Index IQ Hedge Multi-Strategy Index
YTD Return 15.13% -6.45%
1-Year Return 21.99% -7.15%
3-Year Return -2.54% 1.21%
5-Year Return 0.26% 1.51%
10-Year Return -1.24% 1.92%

BTAL

BTAL description

The Fund seeks to provide a consistent negative beta exposure to the U.S. equity market. In seeking to achieve its investment objective, the Fund will invest primarily in long positions in low beta U.S. equities and short positions in high beta U.S. equities on a dollar neutral basis, within sectors.

BTAL performance & returns
YTD Return 15.13%
1-Month Return 3.07%
3-Month Return 13.66%
1-Year Return 21.99%
3-Year Return -2.54%
5-Year Return 0.26%
10-Year Return -1.24%
BTAL expense ratio is 2.53%.

BTAL holdings

Top 10 Holdings (6.75% of Total Assets)

Name Symbol % Assets
Zoom Video Communications Inc ZM 0.76%
Tapestry Inc TPR 0.73%
Dow Jones Thematic L Anti-B N/A 0.71%
Align Technology Inc ALGN 0.71%
Olin Corp OLN.L 0.69%
Darling Ingredients Inc DAR 0.64%
Capri Holdings Ltd CPRI 0.64%
Paylocity Holding Corp PCTY 0.63%
United Therapeutics Corp UTHR 0.62%
Colony Capital Inc Class A CLNY 0.62%

BTAL pros

None that we could think of.

BTAL cons

None that we could think of.

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QAI

QAI description

The Fund seeks investment results that correspond generally to the price and yield performance of the IQ Hedge Multi-Strategy Index, which seeks to replicate the risk-adjusted returns of an unaffiliated third party's index showing returns of hedge funds that employ various hedge fund investment styles.

QAI performance & returns
YTD Return -6.45%
1-Month Return -0.20%
3-Month Return -4.06%
1-Year Return -7.15%
3-Year Return 1.21%
5-Year Return 1.51%
10-Year Return 1.92%
QAI expense ratio is N/A.

QAI holdings

Top 10 Holdings (58.82% of Total Assets)

Name Symbol % Assets
IQ Ultra Short Duration ETF ULTR 13.35%
Invesco Senior Loan ETF BKLN 9.01%
Goldman Sachs Access Treasury 0-1 Yr ETF GBIL 5.45%
Invesco Treasury Collateral ETF CLTL 5.17%
iShares Short Treasury Bond ETF SHV 5.06%
iShares Floating Rate Bond ETF FLOT 5.05%
SPDR® Blmbg Barclays Convert Secs ETF CWB 4.95%
iShares iBoxx $ Invmt Grade Corp Bd ETF LQD 4.02%
SPDR® Blackstone / GSO Senior Loan ETF SRLN 3.59%
Vanguard FTSE Emerging Markets ETF VWO 3.17%

QAI pros

None that we could think of.

QAI cons

The following are QAI weaknesses from our perspective:

  • QAI net assets are $787.88 million. This fund is not a popular choice with retail investors.
  • QAI 3-year return is 2.72%, which is lower than the 3-year return of the benchmark index (Morningstar Moderate Target Risk TR USD), 7.05%.
  • QAI 5-year return is 2.37%, which is lower than the 5-year return of the benchmark index (Morningstar Moderate Target Risk TR USD), 8.24%.
  • QAI 10-year return is 2.45%, which is lower than the 10-year return of the benchmark index (Morningstar Moderate Target Risk TR USD), 7.78%.
  • QAI expense ratio is 0.8%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?

Other relevant QAI comparisons

You may also want to check out the following QAI comparisons that investors often look for on Finny

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