IZRL vs. MNA ETF Comparison
Comparison of ARK Israel Innovative Technology ETF (IZRL) to IQ Merger Arbitrage ETF (MNA)
IZRL
ARK Israel Innovative Technology ETF
IZRL Description
The ARK Israel Innovative Technology ETF (IZRL) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the ARK Israeli Innovation Index, which is designed to track the price movements of exchange-listed Israeli companies whose main business operations are causing disruptive innovation in the areas of genomics, health care, biotechnology, industrials, manufacturing, the Internet or information technology. The Index includes equity securities and depositary receipts of exchange listed companies that are incorporated and/or domiciled in Israel (‘‘Israeli Companies’’) and are included in one of the following economic sectors as defined by FactSet Research Systems: (i) health technology, (ii) communications, (iii) technology services, (iv) electronic technology, (v) consumer services, or (vi) producer manufacturing.
Grade (RS Rating)
Last Trade
$19.82
Average Daily Volume
21,544
25
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 | IZRL | MNA |
|---|---|---|
| 30 Days | -4.85% | -1.51% |
| 60 Days | -7.08% | -1.29% |
| 90 Days | 0.97% | 0.11% |
| 12 Months | 16.93% | -0.95% |
0 Overlapping Holdings
| Symbol | Grade | Weight in IZRL | Weight in MNA | Overlap |
|---|
IZRL Overweight 25 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| SMWB | D | 2.27% | |
| MGIC | B | 2.25% | |
| SSYS | F | 2.22% | |
| CLBT | D | 2.21% | |
| NGMS | A | 2.2% | |
| TARO | B | 2.19% | |
| RDWR | F | 2.19% | |
| RSKD | B | 2.18% | |
| PLTK | C | 2.18% | |
| SPNS | B | 2.18% | |
| INMD | F | 2.18% | |
| WKME | D | 2.18% | |
| CHKP | D | 2.18% | |
| ITRN | D | 2.17% | |
| CYBR | D | 2.17% | |
| WIX | D | 2.16% | |
| AUDC | D | 2.15% | |
| NICE | D | 2.14% | |
| TEVA | A | 2.14% | |
| FROG | D | 2.14% | |
| FVRR | F | 2.13% | |
| CGNT | D | 2.12% | |
| MNDY | D | 2.11% | |
| URGN | F | 2.11% | |
| NNOX | D | 2.07% |
IZRL 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% |
IZRL: Top Represented Industries & Keywords
MNA: Top Represented Industries & Keywords
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