FCG vs. MNA ETF Comparison
Comparison of First Trust ISE-Revere Natural Gas (FCG) to IQ Merger Arbitrage ETF (MNA)
FCG
First Trust ISE-Revere Natural Gas
FCG Description
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the ISE-REVERE Natural Gas Index(TM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is an equal-weighted index comprised of exchange-listed companies that derive a substantial portion of their revenues from the exploration and production of natural gas. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$27.72
Average Daily Volume
206,026
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
$31.17
Average Daily Volume
54,429
29
Performance
| Period | FCG | MNA |
|---|---|---|
| 30 Days | -2.62% | -0.23% |
| 60 Days | 8.33% | -1.09% |
| 90 Days | 20.37% | 0.64% |
| 12 Months | 27.36% | -1.09% |
1 Overlapping Holdings
| Symbol | Grade | Weight in FCG | Weight in MNA | Overlap | |
|---|---|---|---|---|---|
| HES | B | 3.77% | 7.4% | 3.77% |
FCG Overweight 39 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| WES | A | 4.42% | |
| HESM | C | 4.2% | |
| EOG | B | 4.08% | |
| COP | C | 4.03% | |
| OXY | B | 3.87% | |
| DVN | B | 3.86% | |
| FANG | B | 3.57% | |
| CTRA | B | 3.39% | |
| EQT | B | 3.33% | |
| MRO | C | 3.28% | |
| AR | A | 3.25% | |
| OVV | B | 2.98% | |
| CHK | B | 2.94% | |
| APA | F | 2.91% | |
| PR | B | 2.84% | |
| SWN | B | 2.82% | |
| MUR | B | 2.67% | |
| CHRD | B | 2.49% | |
| RRC | B | 2.46% | |
| MTDR | D | 2.43% | |
| SM | B | 2.16% | |
| CIVI | B | 2.12% | |
| CNX | B | 2.1% | |
| WDS | F | 1.93% | |
| MGY | B | 1.9% | |
| NOG | B | 1.85% | |
| NFG | A | 1.76% | |
| CRK | B | 1.33% | |
| KOS | F | 1.31% | |
| GPOR | B | 1.14% | |
| TALO | D | 0.99% | |
| SBOW | C | 0.71% | |
| CRGY | D | 0.7% | |
| SD | C | 0.6% | |
| TELL | F | 0.44% | |
| WTI | F | 0.31% | |
| GRNT | B | 0.26% | |
| REI | B | 0.22% | |
| REPX | F | 0.09% |
FCG Underweight 28 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| PXD | B | -7.39% | |
| DFS | B | -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 | B | -2.88% | |
| AMED | D | -2.7% | |
| FUSN | A | -2.51% | |
| SIX | C | -2.49% | |
| AXNX | C | -2.39% | |
| DOOR | A | -2.18% | |
| OLK | D | -1.84% | |
| VZIO | D | -1.12% | |
| MGRC | D | -1.06% | |
| SRCL | D | -0.86% | |
| HAYN | C | -0.81% | |
| SP | C | -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% |
FCG: Top Represented Industries & Keywords
MNA: Top Represented Industries & Keywords
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