{
  "page": "compare",
  "query": {
    "a": "FAAR",
    "b": "MST"
  },
  "retrieved_at": "2026-07-07T17:15:00+00:00",
  "disclaimer": "Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them.",
  "attribution": "Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC.",
  "terms": {
    "notice": "Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed.",
    "url": "https://fundwatcher.app/terms/"
  },
  "fund_a": {
    "name": "First Trust Alternative Absolute Return Strategy ETF",
    "ticker": "FAAR",
    "slug": "FAAR",
    "series_id": "S000053488",
    "html_url": "https://fundwatcher.app/funds/FAAR/"
  },
  "fund_b": {
    "name": "Defiance Leveraged Long Plus Income MSTR ETF",
    "ticker": "MST",
    "slug": "MST",
    "series_id": "S000090830",
    "html_url": "https://fundwatcher.app/funds/MST/"
  },
  "overlap": {
    "coverage_a_by_b": "0.1794115636289531620250773805",
    "coverage_b_by_a": "0.1794115636289531620250773805",
    "shared_count": 1,
    "as_of": {
      "a": "2026-03-31",
      "b": "2026-03-31"
    },
    "a_top": [
      {
        "name": "MSILF Treasury Portfolio, Class Institutional",
        "value": "55077766.00",
        "weight": "0.27711807",
        "shared": false
      },
      {
        "name": "DREY-GVT CSH-I",
        "value": "55077765.86",
        "weight": "0.27711807",
        "shared": true
      },
      {
        "name": "U.S. Treasury Bills",
        "value": "19848269.20",
        "weight": "0.09986451",
        "shared": false
      },
      {
        "name": "U.S. Treasury Bills",
        "value": "14977368.75",
        "weight": "0.07535708",
        "shared": false
      },
      {
        "name": "U.S. Treasury Bills",
        "value": "14956201.95",
        "weight": "0.07525058",
        "shared": false
      },
      {
        "name": "UST BILLS 0% 05/14/2026",
        "value": "14934922.80",
        "weight": "0.07514352",
        "shared": false
      },
      {
        "name": "U.S. Treasury Bills",
        "value": "14906827.80",
        "weight": "0.07500216",
        "shared": false
      },
      {
        "name": "WTI CRUDE",
        "value": "4061525.83",
        "weight": "0.02043515",
        "shared": false
      },
      {
        "name": "BRENT CRUDE FUTR  JUN26 IFEU 20260430",
        "value": "2668526.15",
        "weight": "0.01342641",
        "shared": false
      },
      {
        "name": "WHEAT (CBT)",
        "value": "866786.61",
        "weight": "0.00436115",
        "shared": false
      },
      {
        "name": "XAV HEALTH CARE",
        "value": "456552.99",
        "weight": "0.00229710",
        "shared": false
      },
      {
        "name": "LME ZINC",
        "value": "410798.27",
        "weight": "0.00206689",
        "shared": false
      },
      {
        "name": "Low Su Gasoil G   May26",
        "value": "258636.00",
        "weight": "0.00130130",
        "shared": false
      },
      {
        "name": "WORLDCLIMATE PARI MAR26",
        "value": "212595.95",
        "weight": "0.00106965",
        "shared": false
      },
      {
        "name": "SILVER SEP 26",
        "value": "37439.49",
        "weight": "0.00018837",
        "shared": false
      }
    ],
    "b_top": [
      {
        "name": "STRG TRS MSTR EQ",
        "value": "3759699.89",
        "weight": "0.44586416",
        "shared": false
      },
      {
        "name": "DREY-GVT CSH-I",
        "value": "1512868.04",
        "weight": "0.17941156",
        "shared": true
      },
      {
        "name": "FRST AM-GV OB-X",
        "value": "1193433.56",
        "weight": "0.14152971",
        "shared": false
      },
      {
        "name": "U.S. Treasury Bills",
        "value": "1188117.02",
        "weight": "0.14089922",
        "shared": false
      },
      {
        "name": "U.S. Treasury Bills",
        "value": "778270.18",
        "weight": "0.09229534",
        "shared": false
      }
    ]
  },
  "error": null,
  "sources": [
    {
      "label": "N-PORT (fund A)",
      "accession_no": "0000940400-26-021780",
      "as_of": "2026-03-31",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1561785/000094040026021780/0000940400-26-021780-index.htm"
    },
    {
      "label": "N-PORT (fund B)",
      "accession_no": "0000894189-26-016458",
      "as_of": "2026-03-31",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1924868/000089418926016458/0000894189-26-016458-index.htm"
    }
  ]
}