CGW vs. MNA ETF Comparison
Comparison of Invesco S&P Global Water Index ETF (CGW) to IQ Merger Arbitrage ETF (MNA)
CGW
Invesco S&P Global Water Index ETF
CGW Description
The investment seeks investment results that correspond generally to the performance, before the fund's fees and expenses, of an equity index called the S&P Global Water Index. The fund invests at least 90% of total assets in common stock and American depositary receipts ("ADRs") that comprise the index depositary receipts representing common stocks included in the index. At each rebalancing the Water Index is comprised of 50 equity securities selected, based on investment and other criteria, from a universe of companies listed on global developed market exchanges. It is non-diversified.
Grade (RS Rating)
Last Trade
$57.45
Average Daily Volume
36,606
26
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
$31.12
Average Daily Volume
56,743
29
Performance
| Period | CGW | MNA |
|---|---|---|
| 30 Days | 3.42% | -1.51% |
| 60 Days | 5.71% | -1.29% |
| 90 Days | 10.65% | 0.11% |
| 12 Months | 15.61% | -0.95% |
0 Overlapping Holdings
| Symbol | Grade | Weight in CGW | Weight in MNA | Overlap |
|---|
CGW Overweight 26 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| AWK | B | 8.15% | |
| XYL | A | 8.09% | |
| VLTO | A | 6.37% | |
| WMS | C | 4.72% | |
| ECL | A | 4.04% | |
| WTRG | B | 4.0% | |
| CNM | A | 3.27% | |
| TTEK | A | 3.0% | |
| PNR | C | 2.86% | |
| BMI | A | 2.43% | |
| ZWS | D | 2.0% | |
| FELE | D | 1.83% | |
| WTS | C | 1.81% | |
| CWT | B | 1.66% | |
| AWR | C | 1.58% | |
| MWA | A | 1.12% | |
| VMI | B | 0.96% | |
| SJW | D | 0.93% | |
| LNN | C | 0.58% | |
| MSEX | D | 0.51% | |
| WTTR | B | 0.44% | |
| HWKN | A | 0.41% | |
| MEG | A | 0.32% | |
| ERII | F | 0.3% | |
| CWCO | D | 0.21% | |
| TTI | F | 0.12% |
CGW Underweight 29 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| HES | B | -7.4% | |
| PXD | B | -7.39% | |
| DFS | B | -6.45% | |
| ANSS | D | -6.37% | |
| X | F | -6.23% | |
| ETRN | A | -6.13% | |
| CTLT | C | -5.62% | |
| JNPR | D | -4.83% | |
| CPRI | F | -3.84% | |
| CERE | A | -2.88% | |
| AMED | D | -2.7% | |
| FUSN | A | -2.51% | |
| SIX | D | -2.49% | |
| AXNX | C | -2.39% | |
| DOOR | A | -2.18% | |
| OLK | D | -1.84% | |
| VZIO | D | -1.12% | |
| MGRC | D | -1.06% | |
| SRCL | F | -0.86% | |
| HAYN | C | -0.81% | |
| SP | B | -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 | C | --0.25% | |
| XOP | C | --6.21% |
CGW: Top Represented Industries & Keywords
MNA: Top Represented Industries & Keywords
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