SDP vs. MNA ETF Comparison
Comparison of ProShares UltraShort Utilities (SDP) to IQ Merger Arbitrage ETF (MNA)
SDP
ProShares UltraShort Utilities
SDP Description
The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. UtilitiesSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index measures the performance of the utilities sector of the U.S. equity market. Component companies include, among others, electric utilities, gas utilities, multi-utilities and water utilities. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$9.84
Average Daily Volume
6,612
46
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
Performance
| Period | SDP | MNA |
|---|---|---|
| 30 Days | -16.83% | -0.49% |
| 60 Days | -19.61% | -1.78% |
| 90 Days | -28.70% | -0.75% |
| 12 Months | -9.18% | -0.76% |
0 Overlapping Holdings
| Symbol | Grade | Weight in SDP | Weight in MNA | Overlap |
|---|
SDP Overweight 46 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| NEE | B | 12.13% | |
| SO | A | 6.91% | |
| D | A | 6.77% | |
| DUK | A | 6.69% | |
| AEP | A | 4.77% | |
| EXC | B | 4.51% | |
| SRE | A | 4.34% | |
| XEL | C | 3.36% | |
| WEC | B | 2.98% | |
| ED | A | 2.94% | |
| PEG | A | 2.93% | |
| ES | B | 2.81% | |
| EIX | A | 2.7% | |
| FE | A | 2.6% | |
| PPL | A | 2.56% | |
| DTE | A | 2.52% | |
| ETR | A | 2.46% | |
| AWK | B | 2.31% | |
| AEE | B | 1.92% | |
| CMS | A | 1.82% | |
| EVRG | B | 1.5% | |
| LNT | B | 1.35% | |
| ATO | C | 1.34% | |
| AES | B | 1.33% | |
| CNP | B | 1.33% | |
| WTRG | B | 1.07% | |
| NI | A | 1.06% | |
| PNW | B | 1.03% | |
| VST | B | 1.01% | |
| NRG | A | 0.95% | |
| UGI | C | 0.91% | |
| MDU | A | 0.58% | |
| IDA | B | 0.54% | |
| HE | F | 0.51% | |
| POR | B | 0.51% | |
| OGS | C | 0.49% | |
| BKH | B | 0.49% | |
| SR | B | 0.42% | |
| ALE | B | 0.42% | |
| SWX | A | 0.41% | |
| NJR | B | 0.41% | |
| PNM | C | 0.4% | |
| NFG | A | 0.38% | |
| NWE | B | 0.37% | |
| AVA | B | 0.32% | |
| AGR | B | 0.28% |
SDP Underweight 29 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| HES | B | -7.4% | |
| PXD | B | -7.39% | |
| DFS | C | -6.45% | |
| ANSS | D | -6.37% | |
| X | D | -6.23% | |
| ETRN | C | -6.13% | |
| CTLT | D | -5.62% | |
| JNPR | D | -4.83% | |
| CPRI | F | -3.84% | |
| CERE | C | -2.88% | |
| AMED | A | -2.7% | |
| FUSN | A | -2.51% | |
| SIX | C | -2.49% | |
| AXNX | D | -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 | B | -0.77% | |
| EVBG | D | -0.75% | |
| NS | D | -0.65% | |
| HA | C | -0.61% | |
| INBX | D | -0.61% | |
| NWLI | A | -0.53% | |
| TAST | A | -0.37% | |
| XT | D | --0.25% | |
| XOP | D | --6.21% |
SDP: Top Represented Industries & Keywords
MNA: Top Represented Industries & Keywords
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