MNA vs. BPAY ETF Comparison

Comparison of IQ Merger Arbitrage ETF (MNA) to BlackRock Future Financial and Technology ETF (BPAY)

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

BPAY

BlackRock Future Financial and Technology ETF

BPAY Description

The BlackRock Future Financial Technology ETF seeks to maximize total return by investing in the companies delivering innovative and emerging technologies used in the financial services industry.

Grade (RS Rating)

Last Trade

$23.64

Average Daily Volume

348

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

Performance

Period	MNA	BPAY
30 Days	-1.37%	-4.49%
60 Days	-1.24%	-1.90%
90 Days	0.00%	3.64%
12 Months	-0.72%	25.67%

0 Overlapping Holdings

	Symbol	Grade	Weight in MNA	Weight in BPAY	Overlap

MNA Overweight 29 Positions Relative to BPAY

	Symbol	Grade	Weight
	PXD	A	7.57%
	HES	A	7.48%
	DFS	B	6.7%
	ANSS	D	6.47%
	ETRN	B	6.26%
	X	F	6.13%
	CTLT	C	5.59%
	JNPR	C	4.87%
	CPRI	F	3.83%
	CERE	A	2.81%
	AMED	D	2.66%
	SIX	D	2.51%
	FUSN	A	2.5%
	AXNX	B	2.37%
	DOOR	A	2.15%
	OLK	C	1.81%
	VZIO	C	1.12%
	MGRC	D	1.07%
	SRCL	F	0.87%
	HAYN	A	0.8%
	SP	A	0.76%
	EVBG	A	0.75%
	NS	C	0.65%
	INBX	C	0.61%
	HA	C	0.59%
	NWLI	A	0.53%
	TAST	A	0.37%
	XT	D	-0.24%
	XOP	B	-6.52%

MNA Underweight 8 Positions Relative to BPAY

	Symbol	Grade	Weight
	KSPI	B	-5.21%
	FIS	D	-4.98%
	WEX	D	-4.82%
	GPN	F	-4.37%
	FI	C	-3.89%
	RPAY	B	-3.61%
	PAGS	C	-3.48%
	XP	F	-3.35%

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

Keywords: S&P 500 Biopharmaceutical Biotechnology Computing Petroleum Industry Aerospace Biology Chemical Clinic Clinical Services Crude Oil Dementia Electronics Hazardous Waste Index Fund Investment Management Natural Gas Oil And Gas Exploration Petroleum Products Refined Petroleum Products

BPAY: Top Represented Industries & Keywords

Industries: Business Services Software - Infrastructure Capital Markets Conglomerates

Keywords: Payment Systems Credit Card E-Commerce Payment Processing Payment Solutions Transaction Processing Transaction Processing Services Banking Card Processing Debit Card Debit Card Processing E Commerce Financial Technology Payment Processing Solution Risk Management S&P 500 ATM Automated Clearing House Banking Bpo Services Business Software