MNA vs. BTAL ETF Comparison

Comparison of IQ Merger Arbitrage ETF (MNA) to QuantShares U.S. Market Neutral Anti Beta Fund ETF (BTAL)

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

$32.93

Average Daily Volume

40,856

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BTAL

QuantShares U.S. Market Neutral Anti Beta Fund ETF

BTAL Description

The investment seeks performance results that correspond to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Thematic Market Neutral Anti-Beta Index. The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stock, including the short positions, in the Target Anti-Beta Index. The Target Anti-Beta Index is a market neutral index that is dollar-neutral. As such, it identifies long and short securities positions of approximately equal dollar amounts. In choosing to track a market neutral index, the fund seeks to limit the effects of general market movements on the fund.

Grade (RS Rating)

Last Trade

$19.55

Average Daily Volume

673,701

Number of Holdings ^*

388

* may have additional holdings in another (foreign) market

Performance

Period	MNA	BTAL
30 Days	0.77%	-3.22%
60 Days	2.55%	0.57%
90 Days	4.21%	-0.36%
12 Months	5.44%	-2.01%

2 Overlapping Holdings

	Symbol	Grade	Weight in MNA	Weight in BTAL	Overlap
	CHX	F	2.26%	-0.42%	-0.42%
	JNPR	A	5.05%	0.42%	0.42%

MNA Overweight 47 Positions Relative to BTAL

Symbol	Grade	Weight
DFS	C	6.74%
CTLT	B	5.71%
HCP	A	4.32%
MRO	D	3.16%
SHV	B	2.91%
BALY	C	2.73%
SRCL	B	2.65%
INST	D	2.62%
ALE	A	2.6%
SQSP	B	2.59%
ENV	C	2.56%
AXNX	B	2.34%
PWSC	C	2.26%
PRFT	B	2.0%
K	A	1.9%
IBTX	C	1.82%
INFN	B	1.72%
AY	B	1.64%
SPR	D	1.63%
RCM	C	1.6%
EVRI	B	1.52%
SRCL	B	1.26%
VZIO	B	1.25%
TELL	C	1.21%
FBMS	C	1.01%
HTLF	C	0.86%
AGS	D	0.76%
HAYN	D	0.74%
PETQ	B	0.68%
AAN	C	0.63%
CHUY	C	0.44%
PFC	D	0.41%
CFB	D	0.3%
RVNC	D	0.28%
SRDX	D	0.27%
PGRU	A	0.27%
CLF	F	-0.23%
BUSE	D	-0.3%
FA	B	-0.4%
WSBC	D	-0.41%
UMBF	C	-0.88%
RNST	D	-1.02%
BA	F	-1.38%
SSB	C	-1.85%
SLB	F	-2.3%
IP	C	-3.71%
COF	B	-7.42%

MNA Underweight 386 Positions Relative to BTAL

Symbol	Grade	Weight
ERIE	B	-0.5%
FFIV	B	-0.48%
MKL	C	-0.48%
SBRA	C	-0.48%
T	B	-0.47%
MDU	B	-0.47%
MSTR	C	-0.47%
DRI	C	-0.47%
FOXF	F	-0.47%
IBM	B	-0.47%
SFM	B	-0.46%
THG	C	-0.46%
RNR	B	-0.46%
WELL	C	-0.46%
OLLI	C	-0.46%
IBKR	B	-0.46%
CCK	B	-0.46%
MSI	B	-0.46%
VZ	A	-0.46%
HEI	C	-0.46%
PAYC	D	-0.46%
ORLY	B	-0.46%
TRV	C	-0.46%
GILD	B	-0.46%
ARMK	B	-0.45%
PGR	C	-0.45%
UNM	B	-0.45%
CME	B	-0.45%
PCAR	D	-0.45%
ZI	D	-0.45%
AVB	C	-0.45%
BWXT	A	-0.45%
RYAN	C	-0.45%
RGA	C	-0.45%
MSM	D	-0.45%
TXRH	B	-0.45%
TGNA	C	-0.45%
SAIC	C	-0.45%
PNM	B	-0.45%
VFC	B	-0.45%
ALL	C	-0.45%
NEM	C	-0.45%
CHH	B	-0.45%
ROP	C	-0.45%
XEL	B	-0.45%
KR	B	-0.45%
WPC	C	-0.45%
BMY	C	-0.45%
CACI	B	-0.45%
GLW	B	-0.45%
MKC	C	-0.45%
DD	B	-0.45%
NEU	D	-0.45%
FTNT	B	-0.44%
DBX	C	-0.44%
GD	C	-0.44%
SNA	B	-0.44%
AXS	B	-0.44%
PAYX	C	-0.44%
ALSN	B	-0.44%
PFE	D	-0.44%
REG	C	-0.44%
PNW	C	-0.44%
BKR	C	-0.44%
CMG	D	-0.44%
SIGI	D	-0.44%
EQR	C	-0.44%
DUK	B	-0.44%
MSFT	C	-0.44%
RLI	B	-0.44%
EDR	A	-0.44%
CACC	F	-0.44%
UTHR	B	-0.44%
PCTY	D	-0.44%
AMGN	D	-0.44%
PKG	B	-0.44%
ELS	D	-0.44%
CSCO	B	-0.44%
ACGL	B	-0.44%
HIG	B	-0.44%
DLB	D	-0.44%
FOXA	B	-0.44%
ED	B	-0.44%
FCN	C	-0.44%
LNT	A	-0.44%
WEN	C	-0.44%
CF	B	-0.44%
KMI	C	-0.44%
WH	B	-0.44%
HQY	C	-0.44%
CMS	B	-0.44%
CB	B	-0.44%
OHI	C	-0.44%
BWA	C	-0.44%
GIS	B	-0.44%
TDY	B	-0.44%
CHRW	B	-0.44%
AEE	B	-0.44%
AON	B	-0.43%
CPB	C	-0.43%
VICI	C	-0.43%
AKAM	D	-0.43%
GLPI	C	-0.43%
MTCH	C	-0.43%
AMCR	B	-0.43%
ORI	B	-0.43%
O	B	-0.43%
HPQ	C	-0.43%
FLO	C	-0.43%
SLGN	B	-0.43%
RTX	B	-0.43%
MCD	B	-0.43%
MAN	C	-0.43%
J	A	-0.43%
EG	B	-0.43%
ELV	D	-0.43%
CINF	C	-0.43%
CLH	C	-0.43%
CHD	C	-0.43%
VRSN	C	-0.43%
JNJ	C	-0.43%
CSX	C	-0.43%
BRO	C	-0.43%
CI	C	-0.43%
NOC	B	-0.43%
DOX	C	-0.43%
ADC	C	-0.43%
WEC	B	-0.43%
CW	B	-0.43%
L	D	-0.42%
RSG	D	-0.42%
COLM	C	-0.42%
TXT	D	-0.42%
ACN	C	-0.42%
BG	F	-0.42%
VTRS	D	-0.42%
XOM	D	-0.42%
HON	C	-0.42%
CTSH	B	-0.42%
ARW	B	-0.42%
TJX	C	-0.42%
BILL	D	-0.42%
HRB	C	-0.42%
DGX	B	-0.42%
CBOE	C	-0.42%
NWL	C	-0.42%
G	C	-0.42%
KO	B	-0.42%
FMC	B	-0.42%
AIZ	B	-0.42%
YUM	B	-0.42%
ADP	C	-0.42%
WM	D	-0.42%
CHE	C	-0.42%
LNG	D	-0.42%
MOH	D	-0.42%
X	F	-0.42%
MSA	D	-0.42%
LPLA	D	-0.41%
MMC	C	-0.41%
PAG	D	-0.41%
WRB	D	-0.41%
UNH	C	-0.41%
TMUS	B	-0.41%
AVT	B	-0.41%
SNX	C	-0.41%
WTW	B	-0.41%
GPC	D	-0.41%
LMT	A	-0.41%
ASGN	D	-0.41%
KHC	C	-0.41%
ABBV	B	-0.41%
ON	D	-0.4%
FANG	F	-0.4%
MUSA	D	-0.4%
MUR	F	-0.4%
CFLT	F	-0.4%
JAZZ	D	-0.4%
TNET	F	-0.4%
CNC	D	-0.4%
KBR	D	-0.4%
LULU	D	-0.4%
ST	D	-0.4%
DVN	F	-0.39%
OXY	F	-0.39%
AGL	F	-0.39%
MCK	F	-0.39%
MOS	F	-0.38%
DECK	C	-0.38%
HUM	F	-0.38%
SRPT	F	-0.38%
WTM	F	-0.35%
BMRN	F	-0.33%
AZO	B	-0.31%
WOLF	F	--0.29%
BRZE	F	--0.31%
ELF	F	--0.32%
RIVN	F	--0.35%
MRNA	F	--0.35%
CELH	F	--0.35%
ALLY	F	--0.35%
SEDG	F	--0.36%
MPWR	B	--0.37%
RMBS	F	--0.37%
COIN	F	--0.37%
ARWR	F	--0.37%
CNXC	F	--0.38%
CNM	F	--0.38%
SMCI	F	--0.38%
GH	F	--0.38%
RUN	D	--0.39%
OPEN	F	--0.39%
MTDR	F	--0.39%
WBA	F	--0.39%
ZS	F	--0.39%
KMX	D	--0.39%
DAR	F	--0.39%
LRCX	D	--0.4%
DINO	F	--0.4%
RIG	F	--0.4%
MKSI	F	--0.4%
AMKR	F	--0.4%
DKS	D	--0.4%
NVCR	F	--0.4%
ELAN	D	--0.4%
TER	C	--0.41%
BBWI	D	--0.41%
EW	F	--0.41%
APG	F	--0.41%
MU	D	--0.41%
PEN	D	--0.41%
POWI	F	--0.41%
OC	C	--0.41%
NVDA	C	--0.41%
NTLA	F	--0.41%
PENN	D	--0.42%
XPO	D	--0.42%
RGEN	F	--0.42%
F	F	--0.42%
WMS	D	--0.42%
COTY	D	--0.42%
OZK	F	--0.42%
LNC	C	--0.42%
ILMN	D	--0.42%
CRSP	F	--0.42%
CFG	D	--0.42%
SNV	D	--0.42%
ZION	D	--0.42%
ENPH	D	--0.42%
GNRC	D	--0.42%
RKT	C	--0.42%
USB	C	--0.43%
CE	D	--0.43%
RF	B	--0.43%
GTLS	F	--0.43%
EL	D	--0.43%
TGT	C	--0.43%
CRL	F	--0.43%
PNFP	C	--0.43%
EFX	C	--0.43%
CSGP	D	--0.43%
MGM	D	--0.43%
PLD	C	--0.43%
AWK	C	--0.44%
MRVL	D	--0.44%
ALB	D	--0.44%
AGNC	B	--0.44%
D	C	--0.44%
SCHW	D	--0.44%
SQ	D	--0.44%
TXG	D	--0.44%
NTRA	C	--0.44%
UGI	B	--0.44%
KSS	D	--0.44%
SOFI	D	--0.44%
CC	D	--0.44%
PATH	D	--0.44%
PINS	D	--0.44%
CAR	D	--0.44%
THO	C	--0.44%
TROW	C	--0.44%
NVT	C	--0.45%
RMD	C	--0.45%
JHG	B	--0.45%
RRC	D	--0.45%
NET	D	--0.45%
EXPE	C	--0.45%
CWEN	A	--0.45%
AMD	C	--0.45%
TFX	B	--0.45%
PFGC	B	--0.45%
DAY	D	--0.45%
HHH	C	--0.45%
SSD	C	--0.45%
NTRS	C	--0.45%
SEE	C	--0.45%
AXTA	B	--0.45%
WCC	C	--0.45%
VEEV	C	--0.45%
CG	C	--0.46%
RYN	C	--0.46%
AVGO	C	--0.46%
TTD	B	--0.46%
AR	C	--0.46%
TREX	F	--0.46%
HOOD	C	--0.46%
FOUR	C	--0.46%
RBLX	C	--0.46%
USFD	C	--0.46%
LITE	B	--0.46%
WAL	B	--0.46%
NWE	A	--0.46%
NRG	B	--0.46%
ALGN	D	--0.46%
PWR	B	--0.46%
BLD	C	--0.46%
DELL	C	--0.46%
GME	D	--0.47%
KKR	B	--0.47%
EQT	C	--0.47%
BLDR	C	--0.47%
OWL	B	--0.47%
PYPL	B	--0.47%
ANET	C	--0.47%
CRWD	D	--0.47%
KRC	C	--0.47%
TT	B	--0.47%
ARE	C	--0.47%
TOL	A	--0.47%
CMA	C	--0.47%
FND	C	--0.47%
ETN	C	--0.47%
JLL	B	--0.47%
FCX	C	--0.47%
SHW	B	--0.47%
ITT	B	--0.47%
CZR	C	--0.47%
UBER	C	--0.47%
CBRE	B	--0.47%
AA	C	--0.47%
PTON	C	--0.47%
IDXX	D	--0.47%
LAMR	B	--0.48%
CARR	B	--0.48%
BX	C	--0.48%
SNAP	D	--0.48%
AXON	B	--0.48%
BLK	B	--0.48%
BXP	C	--0.48%
LPX	B	--0.48%
DKNG	C	--0.48%
AES	C	--0.48%
DASH	B	--0.48%
CCL	C	--0.48%
TRU	B	--0.48%
CVNA	B	--0.48%
ROKU	D	--0.48%
INTC	D	--0.49%
LYV	A	--0.49%
TOST	C	--0.49%
URI	B	--0.49%
COHR	C	--0.49%
TPG	C	--0.5%
VNO	B	--0.5%
LYFT	D	--0.5%
SMG	B	--0.5%
EXP	B	--0.5%
MDB	D	--0.51%
SHLS	F	--0.51%
IOT	C	--0.51%
SAIA	D	--0.51%
Z	C	--0.51%
DAL	C	--0.51%
PLTR	C	--0.52%
TSLA	C	--0.52%
FYBR	C	--0.53%
VRT	C	--0.53%
DNLI	C	--0.53%
W	C	--0.54%
TDOC	D	--0.54%
PODD	C	--0.54%
DUOL	C	--0.55%
RH	C	--0.56%
VST	B	--0.57%
CEG	C	--0.57%
AFRM	D	--0.6%