KBWY vs. MNA ETF Comparison
Comparison of PowerShares KBW Premium Yield Equity REIT Portfolio ETF (KBWY) to IQ Merger Arbitrage ETF (MNA)
KBWY
PowerShares KBW Premium Yield Equity REIT Portfolio ETF
KBWY Description
The PowerShares KBW Premium Yield Equity REIT Portfolio (Fund) is based on the KBW Premium Yield Equity REIT Index (Index). The Fund will normally invest at least 90% of its total assets in the securities that comprise the Index. The Index is calculated using a dividend yield weighted methodology that seeks to reflect the performance of approximately 24 to 40 small- and mid-cap equity REITs in the United States. The Fund and the Index are rebalanced and reconstituted quarterly.
Grade (RS Rating)
Last Trade
$17.63
Average Daily Volume
92,797
28
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
$31.17
Average Daily Volume
54,429
29
Performance
| Period | KBWY | MNA |
|---|---|---|
| 30 Days | 1.76% | -0.23% |
| 60 Days | 1.77% | -1.09% |
| 90 Days | 2.30% | 0.64% |
| 12 Months | 11.46% | -1.09% |
0 Overlapping Holdings
| Symbol | Grade | Weight in KBWY | Weight in MNA | Overlap |
|---|
KBWY Overweight 28 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| GNL | D | 7.93% | |
| SVC | F | 4.78% | |
| GOOD | B | 4.57% | |
| UNIT | F | 4.37% | |
| OUT | D | 4.08% | |
| DEA | B | 3.9% | |
| SBRA | C | 3.87% | |
| PDM | B | 3.87% | |
| HIW | A | 3.86% | |
| GMRE | D | 3.82% | |
| OHI | B | 3.73% | |
| AHH | B | 3.7% | |
| EPR | C | 3.65% | |
| BNL | B | 3.3% | |
| IIPR | B | 3.28% | |
| LTC | A | 3.28% | |
| NXRT | B | 3.17% | |
| GTY | B | 3.08% | |
| SLG | B | 2.89% | |
| GLPI | F | 2.79% | |
| AAT | B | 2.75% | |
| NSA | D | 2.72% | |
| WPC | C | 2.65% | |
| LXP | D | 2.59% | |
| FCPT | B | 2.45% | |
| APLE | F | 2.45% | |
| KIM | C | 2.03% | |
| OPI | C | 0.51% |
KBWY Underweight 29 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| HES | B | -7.4% | |
| PXD | B | -7.39% | |
| DFS | B | -6.45% | |
| ANSS | D | -6.37% | |
| X | D | -6.23% | |
| ETRN | B | -6.13% | |
| CTLT | D | -5.62% | |
| JNPR | D | -4.83% | |
| CPRI | F | -3.84% | |
| CERE | B | -2.88% | |
| AMED | D | -2.7% | |
| FUSN | A | -2.51% | |
| SIX | C | -2.49% | |
| AXNX | C | -2.39% | |
| DOOR | A | -2.18% | |
| OLK | D | -1.84% | |
| VZIO | D | -1.12% | |
| MGRC | D | -1.06% | |
| SRCL | D | -0.86% | |
| HAYN | C | -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% |
KBWY: Top Represented Industries & Keywords
MNA: Top Represented Industries & Keywords
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