FXN vs. MNA ETF Comparison
Comparison of First Trust Energy AlphaDEX Fund (FXN) to IQ Merger Arbitrage ETF (MNA)
FXN
First Trust Energy AlphaDEX Fund
FXN Description
The investment seeks results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the StrataQuant(R) Energy Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by NYSE Euronext to objectively identify and select stocks from the Russell 1000(R) Index in the energy sector that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.
Grade (RS Rating)
Last Trade
$16.29
Average Daily Volume
1,065,399
38
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
$32.84
Average Daily Volume
52,632
44
Performance
| Period | FXN | MNA |
|---|---|---|
| 30 Days | -6.00% | -0.27% |
| 60 Days | 0.04% | 0.27% |
| 90 Days | -1.28% | 1.96% |
| 12 Months | -6.03% | 5.44% |
1 Overlapping Holdings
| Symbol | Grade | Weight in FXN | Weight in MNA | Overlap | |
|---|---|---|---|---|---|
| MRO | B | 3.26% | 3.25% | 3.25% |
FXN Overweight 37 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| MTDR | C | 4.36% | |
| OVV | D | 4.27% | |
| DVN | F | 4.08% | |
| NOV | F | 4.05% | |
| CHRD | F | 4.04% | |
| CIVI | F | 4.03% | |
| APA | F | 4.0% | |
| DINO | F | 3.82% | |
| FANG | D | 3.42% | |
| CTRA | F | 3.36% | |
| PR | F | 3.36% | |
| CVX | A | 3.35% | |
| EOG | D | 3.27% | |
| COP | C | 3.26% | |
| VLO | F | 3.18% | |
| EQT | B | 2.63% | |
| RRC | C | 2.56% | |
| XOM | A | 2.49% | |
| OXY | F | 2.43% | |
| HAL | F | 2.38% | |
| PSX | F | 2.32% | |
| MPC | F | 2.22% | |
| DTM | A | 1.93% | |
| TRGP | A | 1.88% | |
| KMI | B | 1.87% | |
| BKR | A | 1.73% | |
| HES | B | 1.65% | |
| SLB | F | 1.6% | |
| NFE | F | 1.59% | |
| TPL | A | 1.09% | |
| WMB | A | 0.96% | |
| OKE | A | 0.88% | |
| LNG | A | 0.84% | |
| FTI | B | 0.83% | |
| AM | D | 0.83% | |
| AR | F | 0.82% | |
| FSLR | C | 0.66% |
FXN Underweight 43 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| DFS | A | -7.23% | |
| CTLT | D | -5.72% | |
| JNPR | A | -5.11% | |
| HCP | B | -4.32% | |
| FYBR | B | -3.74% | |
| SHV | A | -3.27% | |
| SMAR | A | -3.2% | |
| SRCL | A | -2.81% | |
| BALY | A | -2.75% | |
| ALE | A | -2.67% | |
| INST | A | -2.62% | |
| ENV | A | -2.57% | |
| K | A | -2.46% | |
| AXNX | A | -2.38% | |
| SPR | B | -2.13% | |
| AY | A | -2.08% | |
| RCM | A | -2.0% | |
| IBTX | C | -1.82% | |
| INFN | B | -1.75% | |
| EVRI | A | -1.58% | |
| SRCL | A | -1.46% | |
| VZIO | C | -1.33% | |
| HTLF | A | -1.08% | |
| FBMS | B | -1.04% | |
| PETQ | A | -0.85% | |
| AGS | A | -0.83% | |
| HAYN | A | -0.75% | |
| PFC | B | -0.55% | |
| GATO | B | -0.51% | |
| RVNC | C | -0.4% | |
| CFB | D | -0.37% | |
| PGRU | A | -0.35% | |
| SRDX | D | -0.26% | |
| CLF | C | --0.26% | |
| BUSE | D | --0.38% | |
| FA | D | --0.46% | |
| WSBC | B | --0.56% | |
| RNST | B | --1.05% | |
| UMBF | A | --1.1% | |
| SSB | C | --1.83% | |
| BA | D | --1.85% | |
| IP | A | --3.56% | |
| COF | A | --7.9% |
FXN: Top Represented Industries & Keywords
MNA: Top Represented Industries & Keywords
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