IYM vs. MNA ETF Comparison
Comparison of iShares U.S. Basic Materials ETF (IYM) to IQ Merger Arbitrage ETF (MNA)
IYM
iShares U.S. Basic Materials ETF
IYM Description
The investment seeks to track the investment results of an index composed of U.S. equities in the basic materials sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Basic Materials Index (the "underlying index"), which measures the performance of the basic materials sector of the U.S. equity market. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$145.29
Average Daily Volume
32,556
39
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
$31.03
Average Daily Volume
52,629
29
Performance
| Period | IYM | MNA |
|---|---|---|
| 30 Days | -2.54% | -0.83% |
| 60 Days | 2.92% | -1.52% |
| 90 Days | 9.69% | -0.61% |
| 12 Months | 15.86% | -0.99% |
1 Overlapping Holdings
| Symbol | Grade | Weight in IYM | Weight in MNA | Overlap | |
|---|---|---|---|---|---|
| X | D | 1.2% | 6.23% | 1.2% |
IYM Overweight 38 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| LIN | D | 19.52% | |
| FCX | B | 7.86% | |
| ECL | A | 6.18% | |
| APD | C | 5.92% | |
| NEM | B | 5.07% | |
| NUE | F | 4.67% | |
| DOW | C | 4.32% | |
| FAST | D | 3.9% | |
| IFF | A | 3.43% | |
| LYB | C | 3.28% | |
| STLD | D | 2.88% | |
| AVY | A | 2.57% | |
| RS | D | 2.4% | |
| CE | C | 2.29% | |
| ALB | C | 2.19% | |
| CF | F | 2.05% | |
| IP | C | 1.91% | |
| EMN | A | 1.7% | |
| SCCO | B | 1.41% | |
| MOS | F | 1.38% | |
| CLF | F | 1.23% | |
| FMC | B | 1.19% | |
| RGLD | B | 1.16% | |
| RBC | C | 1.05% | |
| OLN | D | 0.96% | |
| AA | B | 0.95% | |
| HXL | C | 0.85% | |
| VVV | D | 0.82% | |
| TKR | B | 0.78% | |
| ESI | D | 0.76% | |
| WLK | B | 0.72% | |
| ASH | A | 0.7% | |
| HUN | C | 0.6% | |
| CC | C | 0.59% | |
| NEU | D | 0.5% | |
| SMG | D | 0.41% | |
| MP | D | 0.24% | |
| SSRM | D | 0.16% |
IYM Underweight 28 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| HES | B | -7.4% | |
| PXD | B | -7.39% | |
| DFS | C | -6.45% | |
| ANSS | D | -6.37% | |
| ETRN | B | -6.13% | |
| CTLT | D | -5.62% | |
| JNPR | D | -4.83% | |
| CPRI | F | -3.84% | |
| CERE | B | -2.88% | |
| AMED | C | -2.7% | |
| FUSN | A | -2.51% | |
| SIX | C | -2.49% | |
| AXNX | C | -2.39% | |
| DOOR | A | -2.18% | |
| OLK | C | -1.84% | |
| VZIO | D | -1.12% | |
| MGRC | D | -1.06% | |
| SRCL | D | -0.86% | |
| HAYN | D | -0.81% | |
| SP | C | -0.77% | |
| EVBG | B | -0.75% | |
| NS | D | -0.65% | |
| HA | D | -0.61% | |
| INBX | D | -0.61% | |
| NWLI | A | -0.53% | |
| TAST | A | -0.37% | |
| XT | D | --0.25% | |
| XOP | B | --6.21% |
IYM: Top Represented Industries & Keywords
MNA: Top Represented Industries & Keywords
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