SECT vs. MNA ETF Comparison
Comparison of Main Sector Rotation ETF (SECT) to IQ Merger Arbitrage ETF (MNA)
SECT
Main Sector Rotation ETF
SECT Description
The investment seeks to outperform the S&P 500 in rising markets while limiting losses during periods of decline. The fund utilizes a fund of funds structure to invest in sector based equity ETFs. It seeks to achieve its objective through dynamic sector rotation. The Adviser focuses its research primarily on sector selection by carefully reviewing the sector, industry, and sub-industries in the fund's portfolio. The Adviser chooses sectors it believes are undervalued and poised to respond favorably to financial market catalysts. The fund sell a security when it achieves its target price and is, in the opinion of the Adviser, no longer undervalued.
Grade (RS Rating)
Last Trade
$49.89
Average Daily Volume
82,561
7
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
$31.10
Average Daily Volume
52,629
29
Performance
Period | SECT | MNA |
---|---|---|
30 Days | -0.50% | -0.83% |
60 Days | 0.75% | -1.52% |
90 Days | 2.93% | -0.61% |
12 Months | 24.28% | -0.99% |
0 Overlapping Holdings
Symbol | Grade | Weight in SECT | Weight in MNA | Overlap |
---|
SECT 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 | B | -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 | D | -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% |
SECT: Top Represented Industries & Keywords
MNA: Top Represented Industries & Keywords