MNA vs. BIS ETF Comparison

Comparison of IQ Merger Arbitrage ETF (MNA) to ProShares UltraShort Nasdaq Biotechnology (BIS)
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

$31.48

Average Daily Volume

43,948

Number of Holdings *

36

* may have additional holdings in another (foreign) market
BIS

ProShares UltraShort Nasdaq Biotechnology

BIS Description The investment seeks daily investment results that correspond to two times the inverse (-2x) of the daily performance of the Nasdaq Biotechnology Index®. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of 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. It is non-diversified.

Grade (RS Rating)

Last Trade

$17.58

Average Daily Volume

29,115

Number of Holdings *

77

* may have additional holdings in another (foreign) market
Performance
Period MNA BIS
30 Days 0.51% 7.75%
60 Days 0.35% -0.53%
90 Days 0.22% -1.85%
12 Months 1.43% -12.50%
0 Overlapping Holdings
Symbol Grade Weight in MNA Weight in BIS Overlap
MNA Overweight 36 Positions Relative to BIS
Symbol Grade Weight
WRK B 6.73%
PXD A 6.27%
HES C 6.12%
X D 5.06%
SHV A 4.8%
CPRI F 4.53%
BIL B 4.52%
ANSS B 4.45%
DFS B 4.07%
MDC A 3.18%
JNPR C 3.06%
CTLT C 2.59%
AMED F 2.49%
SIX C 2.46%
CERE B 2.16%
CBAY A 1.91%
OLK C 1.81%
DOOR A 1.79%
WH D 1.61%
AXNX B 1.38%
CPE C 1.05%
PGTI A 0.73%
SP B 0.71%
EVBG B 0.69%
VZIO C 0.67%
NS B 0.63%
HA D 0.58%
INBX D 0.5%
NWLI A 0.49%
EGLE A 0.48%
KAMN A 0.45%
DSKE A 0.41%
NGMS B 0.38%
CATC C 0.34%
MGRC D 0.3%
XOP B -1.26%
MNA Underweight 77 Positions Relative to BIS
Symbol Grade Weight
AMGN D -8.14%
GILD F -7.41%
VRTX D -7.21%
BIIB F -6.12%
ILMN F -5.67%
REGN B -4.13%
INCY F -2.09%
BMRN D -1.91%
ALNY F -1.6%
VTRS D -1.35%
SNY F -1.29%
NBIX B -1.16%
SRPT D -1.15%
NVCR F -1.1%
JAZZ D -1.03%
TECH D -1.02%
IONS D -1.02%
GH F -0.96%
AMRN F -0.85%
MRNA C -0.83%
BGNE D -0.83%
ACAD F -0.81%
ASND C -0.77%
EXEL B -0.73%
ARWR F -0.65%
BLUE D -0.65%
BBIO D -0.51%
ALLK F -0.49%
UTHR C -0.49%
NKTR C -0.48%
SAGE F -0.48%
BPMC C -0.48%
FGEN D -0.47%
MRTX C -0.46%
DCPH D -0.43%
AGIO C -0.43%
CRSP D -0.42%
RARE D -0.42%
ADPT F -0.42%
MEDP B -0.4%
PTCT D -0.4%
ARGX D -0.4%
AXSM D -0.38%
ALLO D -0.37%
GRFS F -0.36%
IOVA C -0.36%
ALKS F -0.36%
KOD C -0.35%
HALO C -0.35%
QURE F -0.35%
KRTX A -0.33%
FOLD F -0.32%
APLS F -0.31%
XNCR C -0.26%
MYGN C -0.26%
DNLI D -0.26%
ZLAB F -0.24%
IRWD F -0.24%
ARVN D -0.24%
INSM D -0.23%
FATE C -0.23%
PCRX F -0.22%
GLPG F -0.22%
ITCI C -0.21%
RGNX C -0.21%
ESPR D -0.19%
EDIT F -0.19%
LGND D -0.19%
INVA D -0.18%
VCYT F -0.18%
ALEC F -0.18%
TBPH F -0.17%
YMAB C -0.16%
CHRS F -0.16%
HCM C -0.15%
NGM D -0.15%
SUPN C -0.15%
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