{
  "page": "compare",
  "query": {
    "a": "MFSM",
    "b": "QAI"
  },
  "retrieved_at": "2026-07-07T18:48:11+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": "MFS Active Intermediate Muni Bond ETF",
    "ticker": "MFSM",
    "slug": "MFSM",
    "series_id": "S000085668",
    "html_url": "https://fundwatcher.app/funds/MFSM/"
  },
  "fund_b": {
    "name": "NYLI Hedge Multi-Strategy Tracker ETF",
    "ticker": "QAI",
    "slug": "QAI",
    "series_id": "S000023661",
    "html_url": "https://fundwatcher.app/funds/QAI/"
  },
  "overlap": {
    "coverage_a_by_b": "0.06473106195433628665953806636",
    "coverage_b_by_a": "0.06473106195433628665953806636",
    "shared_count": 2,
    "as_of": {
      "a": "2026-02-28",
      "b": "2026-04-30"
    },
    "a_top": [
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        "name": "State Street Navigator Securities Lending Portfolio II",
        "value": "3348853.41",
        "weight": "0.04555132",
        "shared": false
      },
      {
        "name": "ISHARES NATIONAL MUNI BOND ETF ISHARES NATIONAL MUNI BOND E",
        "value": "2946286.00",
        "weight": "0.04007557",
        "shared": true
      },
      {
        "name": "VANGUARD TAX-EXM",
        "value": "2946240.00",
        "weight": "0.04007494",
        "shared": true
      },
      {
        "name": "PASCO CNTY FL SOL WST DISP & RESOURCE RECOVERY SYS",
        "value": "751057.98",
        "weight": "0.01021594",
        "shared": false
      },
      {
        "name": "Kentucky Bond Development Corp., Series A",
        "value": "575936.10",
        "weight": "0.00783392",
        "shared": false
      },
      {
        "name": "CHERRY CREEK SD#5",
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        "weight": "0.00783080",
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      },
      {
        "name": "GTR ASHEVILLE REGL ARPT AUTH N REGD B/E AMT AG 5.25000000",
        "value": "549841.00",
        "weight": "0.00747897",
        "shared": false
      },
      {
        "name": "California Community Choice Financing Authority, Series F",
        "value": "548866.50",
        "weight": "0.00746572",
        "shared": false
      },
      {
        "name": "PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE",
        "value": "548835.85",
        "weight": "0.00746530",
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      },
      {
        "name": "PENNSYLVANIA ST ECON DEV FING REGD B/E AMT AG 5.50000000",
        "value": "545506.40",
        "weight": "0.00742001",
        "shared": false
      },
      {
        "name": "State of Minnesota 4.00% 08/01/2041",
        "value": "519783.60",
        "weight": "0.00707013",
        "shared": false
      },
      {
        "name": "NORTH ALLEGHENY PA SC",
        "value": "517393.05",
        "weight": "0.00703761",
        "shared": false
      },
      {
        "name": "NYC HSG DEV CORP-F-2",
        "value": "505958.35",
        "weight": "0.00688208",
        "shared": false
      },
      {
        "name": "SANTA NM 3.29% 12/10/2049 MT",
        "value": "504510.30",
        "weight": "0.00686238",
        "shared": false
      },
      {
        "name": "PENNSYLVANIA ST ECON DEV FING REGD B/E AMT 5.00000000",
        "value": "502491.85",
        "weight": "0.00683493",
        "shared": false
      },
      {
        "name": "CALIFORNIA COMMUNITY VAR",
        "value": "488218.46",
        "weight": "0.00664078",
        "shared": false
      },
      {
        "name": "BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE",
        "value": "469192.35",
        "weight": "0.00638198",
        "shared": false
      },
      {
        "name": "Fulton (County of), GA Development Authority (Georgia Institute of Technology), Series 2019, RB",
        "value": "447686.46",
        "weight": "0.00608946",
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      },
      {
        "name": "HOUSTON TX ARPT SYS REVENUE REGD B/E AMT 5.25000000",
        "value": "444149.82",
        "weight": "0.00604135",
        "shared": false
      },
      {
        "name": "Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2025B",
        "value": "394264.45",
        "weight": "0.00536281",
        "shared": false
      },
      {
        "name": "PROVIDENCE RI PUBLIC BLDGS AUTH REVENUE",
        "value": "385263.04",
        "weight": "0.00524037",
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      },
      {
        "name": "ROCKLAND CNTY NY SOL WST MGMT AUTH",
        "value": "381496.80",
        "weight": "0.00518914",
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      },
      {
        "name": "MAIN STR NAT GA 5% MT",
        "value": "378781.37",
        "weight": "0.00515221",
        "shared": false
      },
      {
        "name": "Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2018 A, RB",
        "value": "365360.94",
        "weight": "0.00496966",
        "shared": false
      },
      {
        "name": "N ORLEANS AVIAT 5% 1/1/2036@",
        "value": "360164.97",
        "weight": "0.00489899",
        "shared": false
      },
      {
        "name": "METROHEALTH SYSTEM 5.5% 02-15-52",
        "value": "346519.60",
        "weight": "0.00471338",
        "shared": false
      },
      {
        "name": "COOK CNTY IL CMNTY SCH DIST #152 1/2 HAZEL CREST",
        "value": "344323.26",
        "weight": "0.00468351",
        "shared": false
      },
      {
        "name": "Omaha Airport Authority",
        "value": "337127.43",
        "weight": "0.00458563",
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      },
      {
        "name": "PUBLIC FIN AUTH WI REVENUE",
        "value": "337075.52",
        "weight": "0.00458492",
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      },
      {
        "name": "STHRN ILLINOIS ST UNIV",
        "value": "333782.21",
        "weight": "0.00454013",
        "shared": false
      },
      {
        "name": "CENTRL TX REGL MOBILITY AUTH REVENUE",
        "value": "333300.19",
        "weight": "0.00453357",
        "shared": false
      },
      {
        "name": "PUERTO RICO ELEC PWR AUTH PWRREVENUE",
        "value": "332263.43",
        "weight": "0.00451947",
        "shared": false
      },
      {
        "name": "Miami County Unified School District No 367 Osawatomie     5.250%  09/01/2042",
        "value": "328437.87",
        "weight": "0.00446743",
        "shared": false
      },
      {
        "name": "CHESAPEAKE VA HOSP AUTH HOSP FAC REVENUE",
        "value": "325167.81",
        "weight": "0.00442295",
        "shared": false
      },
      {
        "name": "PK CREEK MET DIST-REF",
        "value": "321069.87",
        "weight": "0.00436721",
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      },
      {
        "name": "LAWTON OK INDL DEV AUTH SALES TAX REVENUE",
        "value": "320865.30",
        "weight": "0.00436443",
        "shared": false
      },
      {
        "name": "RAMPART RANGE CO MET DIST #1 LIMITED TAX SUPPORTED & SPL REV",
        "value": "317772.51",
        "weight": "0.00432236",
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      },
      {
        "name": "MASSACHUSETTS ST EDUCTNL FING AUTH",
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        "weight": "0.00431319",
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      },
      {
        "name": "PENNSYLVANIA ST ECON DEV FING PASMED 03/60 ADJUSTABLE VAR",
        "value": "310811.90",
        "weight": "0.00422768",
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      },
      {
        "name": "GRAND PKWY TRANSPRTN",
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        "weight": "0.00421753",
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      },
      {
        "name": "RESTRUCTURED-SER A1",
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        "weight": "0.00417562",
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      },
      {
        "name": "MAINE HLTH & HGR EDUCTNL FACS AUTH REVENUE",
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      },
      {
        "name": "COMMERCE SCHOOL DISTRICT",
        "value": "300067.83",
        "weight": "0.00408154",
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      },
      {
        "name": "UT SALAPT 5 07/01/2042",
        "value": "299715.49",
        "weight": "0.00407675",
        "shared": false
      },
      {
        "name": "METROCARE SERVICES TX REVENUE",
        "value": "296998.54",
        "weight": "0.00403979",
        "shared": false
      },
      {
        "name": "GRAND RIVER CO HOSP DIST",
        "value": "294956.28",
        "weight": "0.00401201",
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      },
      {
        "name": "New York Transportation Development Corp., Series 2025",
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        "weight": "0.00394243",
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      {
        "name": "SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE",
        "value": "286176.85",
        "weight": "0.00389260",
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      },
      {
        "name": "WYOMING MI PUBLIC SCHS",
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        "weight": "0.00385618",
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      },
      {
        "name": "MASSACHUSET REV 5% 7/1/2041",
        "value": "282728.95",
        "weight": "0.00384570",
        "shared": false
      }
    ],
    "b_top": [
      {
        "name": "ISHARES FLOATING RATE BOND ETF",
        "value": "164634062.56",
        "weight": "0.14867175",
        "shared": false
      },
      {
        "name": "DREYFUS GOVT CASH MGMT FUND",
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        "shared": false
      },
      {
        "name": "Franklin Senior Loan ETF",
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        "weight": "0.07280096",
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      },
      {
        "name": "Vanguard Tax Managed Funds FTSE DEVELOPED MKTS ETF",
        "value": "77999867.20",
        "weight": "0.07043729",
        "shared": false
      },
      {
        "name": "VANGUARD SHORT TERM TREASURY ETF",
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      },
      {
        "name": "ISHARES CORE S+P SMALL CAP ETF ISHARES CORE S+P SMALL CAP E",
        "value": "54744989.70",
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      },
      {
        "name": "State Street SPDR Bloomberg Investment Grade Floating Rate ETF",
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      },
      {
        "name": "ISHARES MSCI USA MOMENTUM FA MUTUAL FUND",
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      },
      {
        "name": "ISHARES MSCI EMR MRK EX CHNA MUTUAL FUND",
        "value": "41951196.45",
        "weight": "0.03788376",
        "shared": false
      },
      {
        "name": "ISHARES NATIONAL MUNI BOND ETF ISHARES NATIONAL MUNI BOND E",
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        "weight": "0.03290822",
        "shared": true
      },
      {
        "name": "ISHARES CONVT BD",
        "value": "35280258.78",
        "weight": "0.03185961",
        "shared": false
      },
      {
        "name": "VANGUARD TAX-EXM",
        "value": "35239538.88",
        "weight": "0.03182284",
        "shared": true
      },
      {
        "name": "State Street SPDR Bloomberg Convertible Securities ETF",
        "value": "30141343.44",
        "weight": "0.02721895",
        "shared": false
      },
      {
        "name": "NYLI Merger Arbitrage ETF",
        "value": "28449267.47",
        "weight": "0.02569093",
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      },
      {
        "name": "IMGP DBI MANAGED FUTURES STR MUTUAL FUND",
        "value": "24148725.92",
        "weight": "0.02180735",
        "shared": false
      },
      {
        "name": "GLOBAL X US PREFERRED ETF MUTUAL FUND",
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      },
      {
        "name": "State Street Communication Services Select Sector SPDR ETF",
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        "weight": "0.01775585",
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      },
      {
        "name": "Invesco DB Agriculture Fund",
        "value": "18841261.46",
        "weight": "0.01701448",
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      },
      {
        "name": "ISHARES MSCI CHINA ETF MUTUAL FUND",
        "value": "15596173.56",
        "weight": "0.01408403",
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      },
      {
        "name": "Invesco DB US Dollar Index Bullish Fund",
        "value": "14144080.32",
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        "shared": false
      },
      {
        "name": "STATE STREET SPDR PORTFOLIO HI SS SPDR P HIGH YIELD ETF",
        "value": "13761418.95",
        "weight": "0.01242716",
        "shared": false
      },
      {
        "name": "abrdn Bloomberg All Commodity Strategy K-1 Free ETF",
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      },
      {
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        "value": "11864386.22",
        "weight": "0.01071406",
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      },
      {
        "name": "Simplify Managed Futures Strategy ETF",
        "value": "11495766.60",
        "weight": "0.01038118",
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      },
      {
        "name": "TECHNOLOGY SELECT SECT SPDR MUTUAL FUND",
        "value": "10456820.00",
        "weight": "0.00944297",
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      },
      {
        "name": "FRANKLIN FTSE INDIA ETF",
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        "weight": "0.00842655",
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      },
      {
        "name": "VANECK ETF TRUST ALTERNATIVE ASSET MANAGER ETF",
        "value": "7275083.00",
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        "shared": false
      },
      {
        "name": "State StreetFinSelSectSPDRETF",
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      },
      {
        "name": "SPDR Bloomberg Enhanced Roll Yield Commodity Strategy NO K-1 ETF",
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        "weight": "0.00443368",
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      },
      {
        "name": "Vanguard Mortgage-Backed Securities ETF - Class USD INC",
        "value": "4487504.42",
        "weight": "0.00405241",
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      },
      {
        "name": "XTRACKERS USD HIGH YIELD CORPORATE BOND ETF CL USD INC 0.00000000",
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        "weight": "0.00388625",
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      },
      {
        "name": "iShares U.S. Aerospace & Defense ETF",
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        "weight": "0.00180770",
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      },
      {
        "name": "JPMORGAN EQUITY PREMIUM INCOME ETF",
        "value": "1886130.09",
        "weight": "0.00170326",
        "shared": false
      },
      {
        "name": "abrdn Silver ETF Trust PHYSICAL SILVER SHARES ETF",
        "value": "1132175.01",
        "weight": "0.00102240",
        "shared": false
      },
      {
        "name": "FNK FTSE CH ETF",
        "value": "642629.12",
        "weight": "0.00058032",
        "shared": false
      },
      {
        "name": "iShares Semiconductor ETF",
        "value": "508968.32",
        "weight": "0.00045962",
        "shared": false
      },
      {
        "name": "TRS ISHARES MSCI USA MOMENTUM FACTOR ETF",
        "value": "456771.59",
        "weight": "0.00041248",
        "shared": false
      },
      {
        "name": "TRS ISHARES MSCI EMERGING MARKETS EX CHINA ETF",
        "value": "398113.63",
        "weight": "0.00035951",
        "shared": false
      },
      {
        "name": "TRS VANGUARD FTSE DEVELOPED MARKETS ETF",
        "value": "376669.40",
        "weight": "0.00034015",
        "shared": false
      },
      {
        "name": "TRS ISHARES CORE S&P SMALL-CAP ETF",
        "value": "353668.35",
        "weight": "0.00031938",
        "shared": false
      },
      {
        "name": "TRS ISHARES CONVERTIBLE BOND ETF",
        "value": "235963.06",
        "weight": "0.00021308",
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      },
      {
        "name": "TRS UNITED STATES NATURAL GAS FUND LP",
        "value": "224215.95",
        "weight": "0.00020248",
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      },
      {
        "name": "TRS SPDR BLOOMBERG CONVERTIBLE SECURITIES ETF",
        "value": "195343.71",
        "weight": "0.00017640",
        "shared": false
      },
      {
        "name": "State Street Technology Select Sector SPDR ETF",
        "value": "101970.94",
        "weight": "0.00009208",
        "shared": false
      },
      {
        "name": "STATE STREET COMMUNICATION SER",
        "value": "64349.36",
        "weight": "0.00005811",
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      },
      {
        "name": "TRS CTA INDEX",
        "value": "51711.73",
        "weight": "0.00004670",
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      },
      {
        "name": "TRS GLOBAL X US PREFERRED ETF",
        "value": "51161.85",
        "weight": "0.00004620",
        "shared": false
      },
      {
        "name": "TRS VANECK ALTERNATIVE ASSET MANAGER ETF",
        "value": "50690.64",
        "weight": "0.00004578",
        "shared": false
      },
      {
        "name": "TRS FRANKLIN FTSE INDIA ETF",
        "value": "38141.39",
        "weight": "0.00003444",
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      },
      {
        "name": "TRS ABRDN BLOOMBERG ALL COMMODITY STRATEGY K-1 FREE ETF",
        "value": "32135.63",
        "weight": "0.00002902",
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      }
    ]
  },
  "error": null,
  "sources": [
    {
      "label": "N-PORT (fund A)",
      "accession_no": "0001410368-26-040051",
      "as_of": "2026-02-28",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/2018846/000141036826040051/0001410368-26-040051-index.htm"
    },
    {
      "label": "N-PORT (fund B)",
      "accession_no": "0000940400-26-025064",
      "as_of": "2026-04-30",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1415995/000094040026025064/0000940400-26-025064-index.htm"
    }
  ]
}