DJCB vs. MNA ETF Comparison
Comparison of ETRACS Bloomberg Commodity Index Total Return ETN Series B due October 31, 2039 (DJCB) to IQ Merger Arbitrage ETF (MNA)
DJCB
ETRACS Bloomberg Commodity Index Total Return ETN Series B due October 31, 2039
DJCB Description
The investment seeks a return on the Securities linked to the performance of the Bloomberg Commodity Index Total ReturnSM. The index is composed of the prices of twenty-one exchange-traded futures contracts on physical commodities. An exchange-traded futures contract is a bilateral agreement providing for the purchase and sale of a specified type and quantity of a commodity or financial instrument during a stated delivery month for a fixed price.
Grade (RS Rating)
Last Trade
$20.99
Average Daily Volume
1,514
8
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
56,743
29
Performance
| Period | DJCB | MNA |
|---|---|---|
| 30 Days | 1.62% | -1.51% |
| 60 Days | 5.37% | -1.29% |
| 90 Days | 7.04% | 0.11% |
| 12 Months | 5.48% | -0.95% |
0 Overlapping Holdings
| Symbol | Grade | Weight in DJCB | Weight in MNA | Overlap |
|---|
DJCB 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% |
DJCB: Top Represented Industries & Keywords
MNA: Top Represented Industries & Keywords
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