EVNT vs. MNA ETF Comparison
Comparison of AltShares Event-Driven ETF (EVNT) to IQ Merger Arbitrage ETF (MNA)
EVNT
AltShares Event-Driven ETF
EVNT Description
AltShares Event-Driven ETF is an exchange traded fund launched and managed by Water Island Capital, LLC. The fund invests in the public equity and fixed income markets across the globe. For its equity portion, the fund invests in stocks of companies operating across diversified sectors. It invests in event-driven/arbitrage stocks of companies across diversified market capitalization. The fund invests in fixed income securities with varying maturities. AltShares Event-Driven ETF is domiciled in the United States.
Grade (RS Rating)
Last Trade
$9.77
Average Daily Volume
1,089
40
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
$30.93
Average Daily Volume
56,316
29
Performance
| Period | EVNT | MNA |
|---|---|---|
| 30 Days | -3.37% | -1.68% |
| 60 Days | -2.21% | -1.56% |
| 90 Days | -1.91% | -0.45% |
| 12 Months | 4.55% | -1.13% |
15 Overlapping Holdings
| Symbol | Grade | Weight in EVNT | Weight in MNA | Overlap | |
|---|---|---|---|---|---|
| AMED | D | 1.49% | 2.66% | 1.49% | |
| ANSS | D | 2.97% | 6.47% | 2.97% | |
| AXNX | B | 2.5% | 2.37% | 2.37% | |
| CERE | A | 2.67% | 2.81% | 2.67% | |
| CPRI | F | 1.2% | 3.83% | 1.2% | |
| CTLT | C | 0.96% | 5.59% | 0.96% | |
| DOOR | A | 1.01% | 2.15% | 1.01% | |
| EVBG | A | 1.24% | 0.75% | 0.75% | |
| HES | A | 4.67% | 7.48% | 4.67% | |
| JNPR | C | 2.5% | 4.87% | 2.5% | |
| MGRC | D | 2.02% | 1.07% | 1.07% | |
| OLK | C | 4.07% | 1.81% | 1.81% | |
| PXD | A | 4.56% | 7.57% | 4.56% | |
| VZIO | C | 0.73% | 1.12% | 0.73% | |
| X | F | 1.94% | 6.13% | 1.94% |
EVNT Overweight 25 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| MDC | A | 2.5% | |
| CSTR | A | 2.26% | |
| SIMO | D | 2.02% | |
| VFC | F | 1.86% | |
| CCI | D | 1.78% | |
| TGNA | D | 1.76% | |
| BA | D | 1.71% | |
| PARA | B | 1.35% | |
| CZR | F | 1.25% | |
| SATS | A | 1.16% | |
| RIVN | F | 1.09% | |
| AURA | D | 1.09% | |
| RAMP | F | 1.05% | |
| PACB | F | 0.94% | |
| BE | B | 0.89% | |
| PNM | C | 0.85% | |
| INTC | F | 0.82% | |
| DIS | D | 0.66% | |
| WBD | F | 0.63% | |
| PINS | B | 0.5% | |
| SNOW | D | 0.45% | |
| ZLAB | F | 0.43% | |
| APA | F | 0.21% | |
| WSC | F | -0.77% | |
| SNPS | D | -1.53% |
EVNT: Top Represented Industries & Keywords
MNA: Top Represented Industries & Keywords
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