FTXL vs. MNA ETF Comparison
Comparison of First Trust Nasdaq Semiconductor ETF (FTXL) to IQ Merger Arbitrage ETF (MNA)
FTXL
First Trust Nasdaq Semiconductor ETF
FTXL Description
The First Trust Nasdaq Semiconductor ETF is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of an index called the Nasdaq US Smart Semiconductor Index. The Fund seeks to replicate the holdings and weightings of the Nasdaq US Smart Semiconductor Index so as to generate performance results 95% correlated to that of the Nasdaq US Smart Semiconductor Index.
Grade (RS Rating)
Last Trade
$84.57
Average Daily Volume
128,399
31
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
$30.80
Average Daily Volume
52,500
32
Performance
| Period | FTXL | MNA |
|---|---|---|
| 30 Days | -6.50% | -1.88% |
| 60 Days | -2.06% | -1.60% |
| 90 Days | -1.09% | -1.88% |
| 12 Months | 44.75% | -1.61% |
0 Overlapping Holdings
| Symbol | Grade | Weight in FTXL | Weight in MNA | Overlap |
|---|
FTXL Overweight 31 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| NVDA | D | 8.84% | |
| QCOM | B | 8.76% | |
| AMAT | D | 8.3% | |
| AVGO | D | 8.2% | |
| INTC | F | 6.86% | |
| MCHP | B | 4.14% | |
| LRCX | D | 4.1% | |
| AMKR | D | 4.1% | |
| TXN | B | 4.04% | |
| KLAC | D | 4.04% | |
| ADI | B | 4.03% | |
| SWKS | D | 3.89% | |
| NXPI | C | 3.75% | |
| ON | D | 3.38% | |
| MRVL | D | 2.81% | |
| QRVO | C | 2.39% | |
| ENTG | D | 2.36% | |
| TER | D | 2.25% | |
| AMD | D | 1.98% | |
| MPWR | C | 1.86% | |
| COHR | D | 1.8% | |
| VSH | C | 1.44% | |
| DIOD | B | 1.06% | |
| CRUS | C | 0.9% | |
| LSCC | D | 0.86% | |
| AVT | A | 0.71% | |
| RMBS | F | 0.65% | |
| ONTO | D | 0.63% | |
| ALGM | D | 0.62% | |
| ACLS | F | 0.53% | |
| FORM | D | 0.52% |
FTXL Underweight 32 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 | D | -5.56% | |
| JNPR | D | -4.99% | |
| MDC | A | -4.46% | |
| CPRI | F | -4.23% | |
| CERE | C | -2.78% | |
| AMED | D | -2.65% | |
| SIX | F | -2.49% | |
| FUSN | A | -2.47% | |
| AXNX | C | -2.38% | |
| DOOR | A | -2.12% | |
| OLK | D | -1.82% | |
| MGRC | D | -1.11% | |
| VZIO | C | -1.1% | |
| SRCL | C | -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% | |
| KAMN | A | -0.49% | |
| NGMS | A | -0.42% | |
| TAST | A | -0.37% | |
| XT | D | --0.24% | |
| XOP | A | --6.49% |
FTXL: Top Represented Industries & Keywords
MNA: Top Represented Industries & Keywords
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