IPAY vs. MNA ETF Comparison

Comparison of ETFMG Prime Mobile Payments ETF (IPAY) to IQ Merger Arbitrage ETF (MNA)
IPAY

ETFMG Prime Mobile Payments ETF

IPAY Description

The ETFMG Prime Mobile Payments ETF (IPAY®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Prime Mobile Payments Index. The index provides a benchmark for investors interested in tracking the mobile and electronic payments industry, specifically focusing on credit card networks, payment infrastructure and software services, payment processing services, and payment solutions (such as smartcards, prepaid cards, virtual wallets).

Grade (RS Rating)

Last Trade

$61.02

Average Daily Volume

20,503

Number of Holdings *

27

* may have additional holdings in another (foreign) market
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

$32.80

Average Daily Volume

49,131

Number of Holdings *

44

* may have additional holdings in another (foreign) market
Performance
Period IPAY MNA
30 Days 12.96% -0.18%
60 Days 16.16% -0.27%
90 Days 21.02% 0.61%
12 Months 48.75% 6.73%
1 Overlapping Holdings
Symbol Grade Weight in IPAY Weight in MNA Overlap
DFS B 4.96% 8.65% 4.96%
IPAY Overweight 26 Positions Relative to MNA
Symbol Grade Weight
PYPL B 6.43%
FI A 6.42%
TOST B 6.23%
V A 5.87%
AXP A 5.83%
MA C 5.65%
COIN C 5.19%
SQ B 4.84%
CPAY A 4.83%
AFRM B 4.82%
FIS C 4.28%
GPN B 4.08%
WEX D 3.09%
FOUR B 2.91%
ACIW B 2.21%
QTWO A 2.16%
EEFT B 1.91%
WU D 1.28%
STNE F 1.13%
VYX B 0.77%
EVTC B 0.66%
MQ F 0.64%
PAGS F 0.59%
DLO C 0.38%
IMXI B 0.32%
GDOT D 0.26%
IPAY Underweight 43 Positions Relative to MNA
Symbol Grade Weight
CTLT B -5.63%
JNPR F -4.99%
HCP B -4.36%
FYBR D -3.64%
MRO B -3.51%
SMAR A -3.2%
ALTR B -3.12%
BALY C -2.82%
ALE A -2.69%
ENV B -2.59%
K A -2.47%
AXNX C -2.39%
AY B -2.1%
B B -2.08%
IBTX B -2.04%
RCM F -2.01%
SPR D -1.97%
INFN C -1.72%
NAPA B -1.6%
EVRI A -1.59%
SASR B -1.5%
VZIO A -1.31%
HTLF B -1.25%
FBMS B -1.19%
ZUO B -1.18%
AGS A -0.84%
HAYN C -0.77%
PFC A -0.65%
GATO D -0.41%
CFB B -0.4%
PGRU A -0.35%
RVNC F -0.32%
SRDX B -0.27%
BUSE B --0.42%
WSBC A --0.66%
RNST B --1.2%
CDE D --1.2%
UMBF B --1.28%
AUB B --1.5%
BA F --1.63%
SSB B --2.03%
IP B --4.24%
COF B --9.37%
Compare ETFs