MNA vs. PXJ ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to PowerShares Dynamic Oil Services (PXJ)
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
$31.06
Average Daily Volume
53,076
29
PXJ
PowerShares Dynamic Oil Services
PXJ Description
The PowerShares Dynamic Oil & Gas Services Portfolio (Fund) is based on the Dynamic Oil & Gas Services IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is composed of stocks of 30 U.S. companies that assist in the production, processing and distribution of oil and gas. The Underlying Intellidex Index may include companies that are engaged in the drilling of oil and gas wells; manufacturing oil and gas field machinery and equipment; or providing services to the oil and gas industry, such as well analysis, platform and pipeline engineering and construction, logistics and transportation services, oil and gas well emergency management and geophysical data acquisition and processing. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.Grade (RS Rating)
Last Trade
$32.25
Average Daily Volume
15,946
29
Performance
| Period | MNA | PXJ |
|---|---|---|
| 30 Days | -0.49% | -0.96% |
| 60 Days | -1.78% | 8.41% |
| 90 Days | -0.75% | 15.00% |
| 12 Months | -0.76% | 45.45% |
0 Overlapping Holdings
| Symbol | Grade | Weight in MNA | Weight in PXJ | Overlap |
|---|
MNA Overweight 29 Positions Relative to PXJ
| Symbol | Grade | Weight | |
|---|---|---|---|
| HES | B | 7.4% | |
| PXD | B | 7.39% | |
| DFS | C | 6.45% | |
| ANSS | D | 6.37% | |
| X | D | 6.23% | |
| ETRN | B | 6.13% | |
| CTLT | D | 5.62% | |
| JNPR | D | 4.83% | |
| CPRI | F | 3.84% | |
| CERE | B | 2.88% | |
| AMED | C | 2.7% | |
| FUSN | A | 2.51% | |
| SIX | C | 2.49% | |
| AXNX | C | 2.39% | |
| DOOR | A | 2.18% | |
| OLK | C | 1.84% | |
| VZIO | D | 1.12% | |
| MGRC | D | 1.06% | |
| SRCL | D | 0.86% | |
| HAYN | D | 0.81% | |
| SP | C | 0.77% | |
| EVBG | B | 0.75% | |
| NS | D | 0.65% | |
| HA | D | 0.61% | |
| INBX | D | 0.61% | |
| NWLI | A | 0.53% | |
| TAST | A | 0.37% | |
| XT | D | -0.25% | |
| XOP | B | -6.21% |
MNA Underweight 29 Positions Relative to PXJ
| Symbol | Grade | Weight | |
|---|---|---|---|
| FTI | B | -6.05% | |
| WFRD | B | -5.66% | |
| CHX | D | -5.23% | |
| BKR | D | -5.11% | |
| HAL | F | -4.86% | |
| VAL | C | -4.81% | |
| SLB | F | -4.56% | |
| LPG | B | -3.2% | |
| GLNG | A | -2.99% | |
| RIG | F | -2.92% | |
| AROC | B | -2.88% | |
| WHD | B | -2.86% | |
| PUMP | B | -2.83% | |
| INSW | A | -2.83% | |
| HLX | B | -2.82% | |
| STNG | A | -2.74% | |
| DHT | A | -2.7% | |
| TNK | A | -2.68% | |
| ECO | A | -2.68% | |
| OII | B | -2.63% | |
| LBRT | B | -2.58% | |
| NVGS | A | -2.55% | |
| USAC | D | -2.54% | |
| XPRO | B | -2.54% | |
| HP | F | -2.47% | |
| NAT | B | -2.4% | |
| RES | F | -2.31% | |
| PTEN | F | -2.3% | |
| ACDC | F | -2.3% |
MNA: Top Represented Industries & Keywords
PXJ: Top Represented Industries & Keywords
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