MNA vs. BTEC ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to Principal Healthcare Innovators Index ETF (BTEC)
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
49
BTEC
Principal Healthcare Innovators Index ETF
BTEC Description
The investment seeks to provide investment results that closely correspond, before expenses, to the performance of the Nasdaq Healthcare Innovators Index (the "index"). Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies that compose the index at the time of purchase. The index uses a quantitative model designed to identify equity securities in the Nasdaq US Benchmark Index (including growth and value stock) that are small and medium capitalization U.S. healthcare companies.Grade (RS Rating)
Last Trade
$39.49
Average Daily Volume
10,388
1
Performance
| Period | MNA | BTEC |
|---|---|---|
| 30 Days | 0.77% | 8.04% |
| 60 Days | 2.55% | 9.79% |
| 90 Days | 4.21% | 8.22% |
| 12 Months | 5.44% | 11.05% |
0 Overlapping Holdings
| Symbol | Grade | Weight in MNA | Weight in BTEC | Overlap |
|---|
MNA Overweight 49 Positions Relative to BTEC
| Symbol | Grade | Weight | |
|---|---|---|---|
| DFS | C | 6.74% | |
| CTLT | B | 5.71% | |
| JNPR | A | 5.05% | |
| 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% | |
| CHX | F | 2.26% | |
| 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 1 Positions Relative to BTEC
| Symbol | Grade | Weight | |
|---|---|---|---|
| SCLX | F | -0.09% |
MNA: Top Represented Industries & Keywords
BTEC: Top Represented Industries & Keywords
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