FFTY vs. MNA ETF Comparison
Comparison of Innovator IBD 50 Fund ETF (FFTY) to IQ Merger Arbitrage ETF (MNA)
FFTY
Innovator IBD 50 Fund ETF
FFTY Description
The investment seeks long-term capital appreciation. Under normal circumstances, the fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in companies included in the IBD® 50 Index. It is actively managed. Under normal circumstances, the fund will invest in a portfolio of U.S.-listed, exchange-traded equities. FFTY picks 50 leading growth companies that trade on US exchanges, potentially including ADRs. After screening out securities with extreme recent price movements, the universe is ranked by a composite of 11 different fundamental and technical metrics. The top 50 stocks are weighted in tiers, with more weight given to higher-ranking companies. Components of the index are reviewed on a weekly basis. Based on market-wide technical signals, FFTY may substitute half of its equity portfolio with Treasury bills. The index will remain half equity, half T-bills until a reversal signal occurs. Its worth noting that the funds high-turnover strategy could lead to poor tracking and/or taxable capital gains payouts.
Grade (RS Rating)
Last Trade
$27.99
Average Daily Volume
56,320
50
MNA
IQ Merger Arbitrage ETF
MNA Description
The investment seeks investment results that correspond generally to the price and yield performance of its underlying index, the IQ Merger Arbitrage Index. The fund employs a "passive management" to track the performance of the underlying index, which was developed by Financial Development Holdco LLC ("IndexIQ"). The underlying index seeks to employ a systematic investment process designed to identify opportunities in companies whose equity securities trade in developed markets, including the U.S., and which are involved in announced mergers, acquisitions and other buyout-related transactions. It is non-diversified.Grade (RS Rating)
Last Trade
$31.20
Average Daily Volume
58,719
36
Performance
| Period | FFTY | MNA |
|---|---|---|
| 30 Days | 8.21% | 1.10% |
| 60 Days | 3.49% | -0.73% |
| 90 Days | 3.72% | -0.70% |
| 12 Months | 22.02% | 1.07% |
0 Overlapping Holdings
| Symbol | Grade | Weight in FFTY | Weight in MNA | Overlap |
|---|
FFTY Overweight 50 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| WING | C | 3.76% | |
| EME | C | 3.74% | |
| RCL | B | 3.62% | |
| PRCT | C | 3.58% | |
| FIX | C | 3.56% | |
| TDW | B | 3.52% | |
| OSCR | C | 3.5% | |
| NSSC | B | 3.28% | |
| AAON | D | 3.19% | |
| GCT | C | 3.14% | |
| PWR | C | 3.11% | |
| MMYT | B | 3.07% | |
| ETN | B | 3.04% | |
| LPG | C | 3.01% | |
| DDOG | D | 3.0% | |
| PR | D | 2.95% | |
| CLSK | D | 2.94% | |
| FTAI | B | 2.91% | |
| HUBS | D | 2.82% | |
| ACMR | D | 2.76% | |
| TMDX | B | 2.15% | |
| AXON | D | 2.1% | |
| FCNCA | B | 2.09% | |
| NTRA | A | 2.06% | |
| OWL | C | 2.04% | |
| IBKR | B | 2.02% | |
| ARES | B | 1.99% | |
| NVT | B | 1.98% | |
| AXP | B | 1.98% | |
| HUBB | D | 1.89% | |
| GOOGL | A | 1.04% | |
| GOOG | A | 1.04% | |
| AVAV | B | 1.03% | |
| IR | D | 1.02% | |
| PHM | B | 1.01% | |
| PDD | C | 1.0% | |
| ITCI | D | 1.0% | |
| C | A | 1.0% | |
| NCLH | F | 0.99% | |
| TCOM | A | 0.97% | |
| TXRH | B | 0.52% | |
| NVEI | C | 0.51% | |
| KSPI | C | 0.51% | |
| LMND | C | 0.5% | |
| CTAS | B | 0.5% | |
| BSX | A | 0.5% | |
| POWL | C | 0.49% | |
| DB | B | 0.49% | |
| APO | B | 0.49% | |
| WHD | C | 0.48% |
FFTY Underweight 36 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| ANSS | D | -6.4% | |
| X | F | -6.39% | |
| DFS | C | -6.38% | |
| ETRN | B | -6.17% | |
| CTLT | D | -5.57% | |
| JNPR | D | -4.73% | |
| HCP | C | -4.38% | |
| SWAV | A | -4.34% | |
| CPRI | F | -3.95% | |
| CERE | B | -2.81% | |
| AIRC | A | -2.75% | |
| AMED | B | -2.73% | |
| FUSN | A | -2.48% | |
| ALPN | A | -2.47% | |
| AXNX | D | -2.38% | |
| HIBB | B | -2.33% | |
| DOOR | A | -2.15% | |
| CHX | D | -2.1% | |
| WIRE | B | -1.89% | |
| OLK | C | -1.88% | |
| VZIO | D | -1.09% | |
| MGRC | F | -1.08% | |
| SRCL | F | -0.87% | |
| HAYN | D | -0.78% | |
| SP | B | -0.76% | |
| EVBG | D | -0.74% | |
| HA | C | -0.62% | |
| INBX | D | -0.61% | |
| AMK | D | -0.61% | |
| NWLI | A | -0.53% | |
| SLCA | C | -0.41% | |
| MODN | C | -0.38% | |
| TAST | A | -0.37% | |
| DCPH | A | -0.29% | |
| HTLF | B | -0.25% | |
| XOP | D | --6.93% |
FFTY: Top Represented Industries & Keywords
MNA: Top Represented Industries & Keywords
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