MNA vs. BIB ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to ProShares Ultra Nasdaq Biotechnology (BIB)
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
56,343
Number of Holdings
*
29
* may have additional holdings in another (foreign) market
BIB
ProShares Ultra Nasdaq Biotechnology
BIB Description
The investment seeks daily investment results that correspond to two times (2x) the daily performance of the Nasdaq Biotechnology Index®. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index is a modified capitalization weighted index that includes securities of NASDAQ listed companies that are classified as either biotechnology or pharmaceutical according to the Industry Classification Benchmark ("ICB") which also meet other eligibility criteria determined by NASDAQ. The fund is non-diversified.Grade (RS Rating)
Last Trade
$53.74
Average Daily Volume
35,958
Number of Holdings
*
204
* may have additional holdings in another (foreign) market
Performance
| Period | MNA | BIB |
|---|---|---|
| 30 Days | -1.37% | -1.14% |
| 60 Days | -1.24% | -10.53% |
| 90 Days | 0.00% | -5.75% |
| 12 Months | -0.72% | -3.45% |
MNA Overweight 27 Positions Relative to BIB
| Symbol | Grade | Weight | |
|---|---|---|---|
| PXD | B | 7.57% | |
| HES | B | 7.48% | |
| DFS | B | 6.7% | |
| ANSS | F | 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 | C | 2.51% | |
| AXNX | C | 2.37% | |
| DOOR | A | 2.15% | |
| OLK | C | 1.81% | |
| VZIO | D | 1.12% | |
| MGRC | D | 1.07% | |
| SRCL | F | 0.87% | |
| HAYN | B | 0.8% | |
| SP | C | 0.76% | |
| EVBG | B | 0.75% | |
| NS | D | 0.65% | |
| HA | D | 0.59% | |
| NWLI | A | 0.53% | |
| TAST | A | 0.37% | |
| XT | C | -0.24% | |
| XOP | B | -6.52% |
MNA Underweight 202 Positions Relative to BIB
| Symbol | Grade | Weight | |
|---|---|---|---|
| AMGN | B | -6.29% | |
| VRTX | C | -6.01% | |
| REGN | C | -5.92% | |
| GILD | F | -5.87% | |
| MRNA | A | -3.35% | |
| AZN | A | -3.34% | |
| BIIB | D | -2.36% | |
| ILMN | D | -1.57% | |
| ALNY | C | -1.46% | |
| BMRN | F | -1.38% | |
| NBIX | A | -1.11% | |
| VTRS | C | -1.1% | |
| SNY | B | -1.03% | |
| RPRX | C | -1.01% | |
| MEDP | D | -0.99% | |
| INCY | D | -0.94% | |
| SRPT | B | -0.94% | |
| ARGX | C | -0.94% | |
| UTHR | A | -0.9% | |
| BNTX | C | -0.69% | |
| ASND | C | -0.66% | |
| EXEL | B | -0.58% | |
| ITCI | B | -0.57% | |
| CYTK | D | -0.55% | |
| JAZZ | F | -0.54% | |
| PCVX | C | -0.53% | |
| IONS | D | -0.5% | |
| BGNE | D | -0.48% | |
| APLS | F | -0.48% | |
| RVMD | A | -0.47% | |
| BPMC | A | -0.45% | |
| HALO | C | -0.4% | |
| CRSP | D | -0.36% | |
| KRYS | C | -0.36% | |
| BBIO | D | -0.35% | |
| IMVT | D | -0.34% | |
| ALPN | A | -0.34% | |
| MDGL | C | -0.33% | |
| ALKS | F | -0.33% | |
| NUVL | C | -0.32% | |
| INSM | D | -0.31% | |
| LEGN | D | -0.29% | |
| RARE | D | -0.29% | |
| FTRE | C | -0.27% | |
| AXSM | D | -0.27% | |
| SWTX | D | -0.26% | |
| IOVA | C | -0.26% | |
| FOLD | D | -0.25% | |
| IDYA | C | -0.24% | |
| XENE | C | -0.24% | |
| CRNX | A | -0.24% | |
| ARWR | D | -0.23% | |
| ACAD | F | -0.22% | |
| ACLX | C | -0.22% | |
| MRUS | B | -0.2% | |
| JANX | A | -0.2% | |
| SMMT | B | -0.2% | |
| RYTM | C | -0.19% | |
| GH | D | -0.18% | |
| ARVN | D | -0.18% | |
| VCEL | B | -0.18% | |
| VERA | B | -0.17% | |
| RCKT | D | -0.17% | |
| KYMR | C | -0.17% | |
| DNLI | F | -0.17% | |
| PTCT | B | -0.16% | |
| GERN | A | -0.16% | |
| AMPH | D | -0.16% | |
| RNA | A | -0.16% | |
| IMCR | D | -0.16% | |
| KROS | C | -0.16% | |
| DYN | C | -0.16% | |
| NTLA | F | -0.16% | |
| RXRX | F | -0.15% | |
| BEAM | F | -0.15% | |
| SANA | B | -0.15% | |
| SNDX | C | -0.14% | |
| TWST | C | -0.14% | |
| AGIO | A | -0.14% | |
| SUPN | C | -0.13% | |
| HRMY | B | -0.13% | |
| MYGN | C | -0.13% | |
| ADMA | A | -0.12% | |
| DVAX | D | -0.12% | |
| VCYT | D | -0.12% | |
| ARDX | D | -0.12% | |
| PTGX | D | -0.12% | |
| EWTX | B | -0.12% | |
| NVCR | F | -0.11% | |
| DAWN | A | -0.11% | |
| ANIP | B | -0.11% | |
| MORF | F | -0.11% | |
| KURA | C | -0.11% | |
| DCPH | A | -0.1% | |
| GMAB | F | -0.1% | |
| PCRX | D | -0.1% | |
| FDMT | C | -0.1% | |
| LGND | C | -0.1% | |
| IRWD | F | -0.1% | |
| VIR | F | -0.09% | |
| PRTA | F | -0.09% | |
| MIRM | D | -0.09% | |
| TARS | B | -0.09% | |
| MNKD | C | -0.09% | |
| COLL | B | -0.09% | |
| AKRO | F | -0.09% | |
| ABCL | F | -0.09% | |
| XNCR | B | -0.09% | |
| INVA | A | -0.08% | |
| MGNX | D | -0.08% | |
| MRVI | B | -0.08% | |
| SRRK | C | -0.08% | |
| VRNA | D | -0.08% | |
| CGEM | A | -0.07% | |
| BCYC | B | -0.07% | |
| ALXO | A | -0.07% | |
| RLAY | F | -0.07% | |
| ZNTL | F | -0.07% | |
| SAGE | F | -0.07% | |
| ARQT | D | -0.07% | |
| BCRX | F | -0.07% | |
| RGNX | D | -0.06% | |
| KNSA | B | -0.06% | |
| PLRX | F | -0.06% | |
| ELVN | B | -0.06% | |
| ARCT | F | -0.06% | |
| AUPH | F | -0.06% | |
| ZLAB | F | -0.06% | |
| GRFS | F | -0.06% | |
| SPRY | B | -0.06% | |
| ETNB | F | -0.06% | |
| EYPT | D | -0.06% | |
| OLMA | D | -0.05% | |
| CVAC | F | -0.05% | |
| GLPG | F | -0.05% | |
| HCM | A | -0.05% | |
| SVRA | C | -0.05% | |
| NVAX | F | -0.05% | |
| LYEL | B | -0.05% | |
| AUTL | F | -0.05% | |
| WVE | B | -0.05% | |
| SIGA | A | -0.05% | |
| EOLS | C | -0.05% | |
| IRON | F | -0.05% | |
| YMAB | B | -0.05% | |
| NRIX | D | -0.05% | |
| COGT | D | -0.05% | |
| EDIT | F | -0.04% | |
| URGN | D | -0.04% | |
| TSHA | D | -0.04% | |
| FULC | D | -0.04% | |
| TBPH | B | -0.04% | |
| THRD | A | -0.04% | |
| ABUS | D | -0.04% | |
| MLYS | C | -0.04% | |
| PETQ | D | -0.04% | |
| ALEC | D | -0.04% | |
| ALLO | F | -0.04% | |
| OCUL | D | -0.04% | |
| ANAB | B | -0.04% | |
| PHAT | D | -0.04% | |
| OABI | D | -0.04% | |
| CNTA | C | -0.04% | |
| ORIC | D | -0.04% | |
| CSTL | B | -0.04% | |
| PRME | F | -0.04% | |
| VERV | F | -0.04% | |
| CABA | F | -0.04% | |
| ATAI | B | -0.03% | |
| RVNC | F | -0.03% | |
| AMRN | D | -0.03% | |
| CRBU | F | -0.03% | |
| PGEN | C | -0.03% | |
| HROW | F | -0.03% | |
| PACB | F | -0.03% | |
| ADPT | F | -0.03% | |
| ITOS | B | -0.03% | |
| BMEA | F | -0.03% | |
| REPL | F | -0.03% | |
| LXRX | D | -0.03% | |
| HUMA | B | -0.03% | |
| VYGR | D | -0.03% | |
| TVTX | F | -0.03% | |
| KALV | B | -0.03% | |
| QURE | F | -0.02% | |
| OVID | F | -0.02% | |
| CHRS | F | -0.02% | |
| ACIU | F | -0.02% | |
| XERS | D | -0.02% | |
| VTYX | F | -0.02% | |
| PAHC | A | -0.02% | |
| VNDA | B | -0.02% | |
| RAPT | F | -0.02% | |
| AVXL | F | -0.02% | |
| ERAS | D | -0.02% | |
| TERN | F | -0.02% | |
| MGTX | D | -0.02% | |
| MRNS | F | -0.01% | |
| ACRS | C | -0.01% | |
| ME | D | -0.01% | |
| BLUE | F | -0.01% | |
| RPHM | C | -0.0% |
MNA: Top Represented Industries & Keywords
Industries:
Biotechnology
Oil & Gas E&P
Oil & Gas Midstream
Software - Application
Airlines
Apparel Manufacturing
Building Materials
Business Services
Communication Equipment
Consumer Electronics
Credit Services
Diagnostics & Research
Drug Manufacturers - Specialty & Generic
Insurance - Life
Leisure
Medical Care
Medical Devices
Metal Fabrication
Rental & Leasing Services
Restaurants
BIB: Top Represented Industries & Keywords
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