ITEQ vs. MNA ETF Comparison
Comparison of BlueStar TA-BIGITech Israel Technology ETF (ITEQ) to IQ Merger Arbitrage ETF (MNA)
ITEQ
BlueStar TA-BIGITech Israel Technology ETF
ITEQ Description
The investment seeks to provide investment results that correspond generally to the total return performance of the TASE-BlueStar Israel Global Technology Index™ ("TA-BIGITech™"). The fund will invest at least 80% of its total assets in the component securities of the index and in depositary receipts representing such securities. As a result, normally the fund will invest at least 80% of its total assets in Israeli technology companies. TA-BIGITech™ was created in 2013 by BlueStar Global Investors LLC d/b/a BlueStar Indexes® and the ISE and tracks the performance of exchange-listed Israeli technology operating companies. It is non-diversified.
Grade (RS Rating)
Last Trade
$44.22
Average Daily Volume
6,415
34
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
$31.06
Average Daily Volume
56,743
29
Performance
| Period | ITEQ | MNA |
|---|---|---|
| 30 Days | -7.08% | -1.51% |
| 60 Days | -8.83% | -1.29% |
| 90 Days | -4.26% | 0.11% |
| 12 Months | 3.45% | -0.95% |
0 Overlapping Holdings
| Symbol | Grade | Weight in ITEQ | Weight in MNA | Overlap |
|---|
ITEQ Overweight 34 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| CYBR | D | 8.56% | |
| NICE | D | 8.22% | |
| CHKP | D | 7.96% | |
| DOX | F | 7.26% | |
| WIX | D | 5.71% | |
| MNDY | D | 4.59% | |
| S | D | 4.19% | |
| FROG | D | 3.54% | |
| SEDG | F | 2.97% | |
| GLBE | F | 2.94% | |
| ORA | C | 2.69% | |
| INMD | F | 1.48% | |
| SPNS | B | 1.04% | |
| LMND | B | 0.93% | |
| FVRR | F | 0.79% | |
| CLBT | D | 0.79% | |
| NNOX | D | 0.77% | |
| KRNT | F | 0.74% | |
| NNDM | D | 0.7% | |
| NVCR | D | 0.67% | |
| SSYS | F | 0.65% | |
| PLTK | C | 0.64% | |
| RSKD | B | 0.64% | |
| NGMS | A | 0.56% | |
| RDWR | F | 0.56% | |
| URGN | F | 0.56% | |
| CGNT | D | 0.53% | |
| VPG | D | 0.51% | |
| CEVA | D | 0.45% | |
| MGIC | B | 0.43% | |
| WKME | D | 0.34% | |
| AUDC | D | 0.33% | |
| INVZ | F | 0.23% | |
| LPSN | F | 0.06% |
ITEQ Underweight 29 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| PXD | B | -7.57% | |
| HES | B | -7.48% | |
| DFS | B | -6.7% | |
| ANSS | D | -6.47% | |
| ETRN | A | -6.26% | |
| X | F | -6.13% | |
| CTLT | C | -5.59% | |
| JNPR | D | -4.87% | |
| CPRI | F | -3.83% | |
| CERE | A | -2.81% | |
| AMED | D | -2.66% | |
| SIX | D | -2.51% | |
| FUSN | A | -2.5% | |
| AXNX | C | -2.37% | |
| DOOR | A | -2.15% | |
| OLK | D | -1.81% | |
| VZIO | D | -1.12% | |
| MGRC | D | -1.07% | |
| SRCL | F | -0.87% | |
| HAYN | C | -0.8% | |
| SP | B | -0.76% | |
| EVBG | B | -0.75% | |
| NS | D | -0.65% | |
| INBX | D | -0.61% | |
| HA | D | -0.59% | |
| NWLI | A | -0.53% | |
| TAST | A | -0.37% | |
| XT | C | --0.24% | |
| XOP | C | --6.52% |
ITEQ: Top Represented Industries & Keywords
MNA: Top Represented Industries & Keywords
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