FITE vs. MNA ETF Comparison
Comparison of SPDR S&P Kensho Future Security ETF (FITE) to IQ Merger Arbitrage ETF (MNA)
FITE
SPDR S&P Kensho Future Security ETF
FITE Description
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Kensho Future Security Index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is comprised of U.S.-listed equity securities (including depositary receipts) of companies domiciled across developed and emerging markets worldwide which are included in the Future Security sector as determined by a classification standard produced by the index provider. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$54.39
Average Daily Volume
10,007
56
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
$30.79
Average Daily Volume
51,686
32
Performance
| Period | FITE | MNA |
|---|---|---|
| 30 Days | -3.82% | -2.13% |
| 60 Days | -2.89% | -1.63% |
| 90 Days | -1.36% | -1.85% |
| 12 Months | 23.76% | -1.70% |
FITE Overweight 54 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| AVGO | C | 2.58% | |
| FTNT | D | 2.25% | |
| PSN | C | 2.23% | |
| CRWD | C | 2.21% | |
| BRKR | D | 2.2% | |
| RTX | A | 2.19% | |
| TXT | B | 2.16% | |
| CYBR | C | 2.11% | |
| AVAV | A | 2.08% | |
| NET | D | 2.07% | |
| LDOS | A | 2.04% | |
| HEI | A | 2.03% | |
| OSIS | B | 1.97% | |
| CHKP | D | 1.97% | |
| MOG.A | A | 1.96% | |
| DDOG | C | 1.95% | |
| TENB | D | 1.94% | |
| FFIV | C | 1.94% | |
| COHR | C | 1.92% | |
| ERJ | A | 1.87% | |
| ASGN | C | 1.85% | |
| ATEN | B | 1.83% | |
| LMT | A | 1.82% | |
| LHX | B | 1.82% | |
| CSCO | D | 1.81% | |
| TDY | D | 1.79% | |
| VRNS | C | 1.79% | |
| APH | A | 1.75% | |
| PANW | C | 1.75% | |
| KBR | A | 1.71% | |
| NOC | A | 1.69% | |
| MIR | A | 1.68% | |
| GD | A | 1.64% | |
| NTCT | D | 1.63% | |
| HII | C | 1.61% | |
| KTOS | D | 1.59% | |
| S | C | 1.59% | |
| QLYS | B | 1.58% | |
| AKAM | D | 1.58% | |
| HXL | D | 1.57% | |
| ZS | D | 1.57% | |
| NABL | D | 1.49% | |
| ZD | F | 1.44% | |
| RKLB | D | 1.44% | |
| RPD | D | 1.41% | |
| BA | F | 1.3% | |
| VSAT | F | 1.24% | |
| VREX | F | 1.16% | |
| MRCY | D | 1.12% | |
| IRDM | D | 1.11% | |
| DCO | A | 0.99% | |
| RDWR | C | 0.72% | |
| PL | F | 0.61% | |
| MVIS | F | 0.55% |
FITE Underweight 30 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| PXD | A | -7.33% | |
| HES | A | -7.07% | |
| X | F | -6.79% | |
| ANSS | C | -6.42% | |
| DFS | A | -6.26% | |
| ETRN | A | -5.74% | |
| CTLT | C | -5.56% | |
| MDC | A | -4.46% | |
| CPRI | F | -4.23% | |
| CERE | A | -2.78% | |
| AMED | D | -2.65% | |
| SIX | D | -2.49% | |
| FUSN | A | -2.47% | |
| AXNX | C | -2.38% | |
| DOOR | A | -2.12% | |
| OLK | C | -1.82% | |
| MGRC | D | -1.11% | |
| VZIO | B | -1.1% | |
| SRCL | D | -0.86% | |
| HAYN | A | -0.8% | |
| SP | C | -0.76% | |
| EVBG | A | -0.74% | |
| HA | D | -0.63% | |
| INBX | D | -0.61% | |
| NS | C | -0.59% | |
| NWLI | A | -0.52% | |
| NGMS | A | -0.42% | |
| TAST | A | -0.37% | |
| XT | D | --0.24% | |
| XOP | A | --6.49% |
FITE: Top Represented Industries & Keywords
MNA: Top Represented Industries & Keywords
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