MNA vs. AADR ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to WCM BNY Mellon Focused Growth ADR ETF (AADR)
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
$30.99
Average Daily Volume
50,987
32
AADR
WCM BNY Mellon Focused Growth ADR ETF
AADR Description
The investment seeks long-term capital appreciation above international benchmarks such as the BNY Mellon Classic ADR Index, the fund's primary benchmark, and the MSCI EAFE Index, the fund's secondary benchmark. The sub-advisor seeks to achieve the fund's investment objective by selecting primarily a portfolio of U.S.-traded securities of non-U.S. organizations, most often American Depositary Receipts ("ADRs"), included in the BNY Mellon Classic ADR Index. The fund's investment focus follows the Sub-Advisor's core philosophy of investing in industry-leading non-U.S. organizations led by visionary management teams with sound business strategies.Grade (RS Rating)
Last Trade
$60.77
Average Daily Volume
1,291
29
Performance
| Period | MNA | AADR |
|---|---|---|
| 30 Days | -0.99% | -2.80% |
| 60 Days | -1.12% | 4.03% |
| 90 Days | -0.93% | 11.68% |
| 12 Months | -1.34% | 27.24% |
0 Overlapping Holdings
| Symbol | Grade | Weight in MNA | Weight in AADR | Overlap |
|---|
MNA Overweight 32 Positions Relative to AADR
| Symbol | Grade | Weight | |
|---|---|---|---|
| PXD | A | 7.33% | |
| HES | A | 7.07% | |
| X | D | 6.79% | |
| ANSS | C | 6.42% | |
| DFS | A | 6.26% | |
| ETRN | A | 5.74% | |
| CTLT | C | 5.56% | |
| JNPR | C | 4.99% | |
| MDC | A | 4.46% | |
| CPRI | F | 4.23% | |
| CERE | B | 2.78% | |
| AMED | D | 2.65% | |
| SIX | D | 2.49% | |
| FUSN | A | 2.47% | |
| AXNX | C | 2.38% | |
| DOOR | A | 2.12% | |
| OLK | D | 1.82% | |
| MGRC | D | 1.11% | |
| VZIO | A | 1.1% | |
| SRCL | B | 0.86% | |
| HAYN | A | 0.8% | |
| SP | C | 0.76% | |
| EVBG | A | 0.74% | |
| HA | D | 0.63% | |
| INBX | D | 0.61% | |
| NS | B | 0.59% | |
| NWLI | A | 0.52% | |
| KAMN | A | 0.49% | |
| NGMS | A | 0.42% | |
| TAST | A | 0.37% | |
| XT | D | -0.24% | |
| XOP | A | -6.49% |
MNA Underweight 29 Positions Relative to AADR
| Symbol | Grade | Weight | |
|---|---|---|---|
| NVO | B | -6.4% | |
| YPF | A | -4.7% | |
| MUFG | B | -3.36% | |
| ABBV | B | -3.28% | |
| BBVA | A | -3.2% | |
| BMA | A | -3.18% | |
| CX | B | -3.14% | |
| GGAL | A | -3.09% | |
| ERJ | A | -3.09% | |
| ASX | B | -2.86% | |
| RELX | B | -2.79% | |
| HMY | A | -2.79% | |
| FMX | D | -2.67% | |
| PAM | A | -2.66% | |
| SAP | C | -2.66% | |
| NMR | B | -2.53% | |
| KOF | B | -2.52% | |
| TNP | B | -2.5% | |
| ING | A | -2.36% | |
| PBR | B | -2.35% | |
| MELI | D | -2.33% | |
| NXPI | D | -2.26% | |
| SMFG | B | -2.25% | |
| LOGI | D | -2.24% | |
| VIPS | D | -1.95% | |
| AVDL | A | -1.92% | |
| E | A | -1.81% | |
| VIV | D | -1.69% | |
| ELP | D | -0.82% |
MNA: Top Represented Industries & Keywords
AADR: Top Represented Industries & Keywords
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