MNA vs. CNRG ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to SPDR S&P Kensho Clean Power ETF (CNRG)
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
$30.99
Average Daily Volume
43,643
44
CNRG
SPDR S&P Kensho Clean Power ETF
CNRG Description
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Kensho Clean Power Index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to capture companies whose products and services are driving innovation behind clean power. The fund may invest in equity securities that are not included in the index, cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds. It is non-diversified.Grade (RS Rating)
Last Trade
$61.91
Average Daily Volume
15,361
44
Performance
| Period | MNA | CNRG |
|---|---|---|
| 30 Days | -0.80% | -7.55% |
| 60 Days | 0.06% | 5.48% |
| 90 Days | -1.49% | -3.27% |
| 12 Months | 0.55% | -22.89% |
1 Overlapping Holdings
| Symbol | Grade | Weight in MNA | Weight in CNRG | Overlap | |
|---|---|---|---|---|---|
| ALE | B | 2.58% | 2.54% | 2.54% |
MNA Overweight 43 Positions Relative to CNRG
| Symbol | Grade | Weight | |
|---|---|---|---|
| DFS | B | 6.62% | |
| ANSS | D | 6.44% | |
| ETRN | C | 6.26% | |
| X | F | 6.24% | |
| CTLT | B | 5.52% | |
| JNPR | B | 4.89% | |
| HCP | A | 4.53% | |
| MRO | B | 3.19% | |
| CERE | D | 2.83% | |
| AIRC | A | 2.82% | |
| SWN | D | 2.76% | |
| AXNX | B | 2.41% | |
| HIBB | A | 2.37% | |
| OLK | B | 2.08% | |
| CHX | C | 2.02% | |
| WIRE | B | 2.0% | |
| PRFT | B | 1.98% | |
| IBTX | B | 1.44% | |
| VZIO | B | 1.15% | |
| MGRC | D | 1.13% | |
| SRCL | B | 0.9% | |
| AGS | B | 0.8% | |
| HAYN | D | 0.78% | |
| EVBG | C | 0.78% | |
| OSG | A | 0.74% | |
| AMK | B | 0.72% | |
| HA | D | 0.66% | |
| NWLI | A | 0.59% | |
| SLCA | B | 0.49% | |
| MODN | B | 0.43% | |
| HTLF | B | 0.34% | |
| SRDX | A | 0.31% | |
| FA | C | -0.27% | |
| UMBF | C | -0.36% | |
| WSC | F | -0.46% | |
| AA | C | -0.84% | |
| SSB | D | -1.46% | |
| SLB | C | -2.12% | |
| CHK | D | -2.97% | |
| IP | A | -3.69% | |
| SNPS | B | -4.23% | |
| EQT | D | -6.25% | |
| COF | D | -7.29% |
MNA Underweight 43 Positions Relative to CNRG
| Symbol | Grade | Weight | |
|---|---|---|---|
| CEG | B | -4.82% | |
| FSLR | C | -4.44% | |
| AMAT | B | -3.2% | |
| ADTN | F | -3.13% | |
| NEE | B | -3.01% | |
| CMI | C | -2.99% | |
| GNRC | D | -2.77% | |
| ACA | C | -2.74% | |
| AY | B | -2.73% | |
| GLW | A | -2.73% | |
| AGR | D | -2.71% | |
| AMRC | C | -2.64% | |
| ORA | C | -2.58% | |
| AES | D | -2.56% | |
| AMSC | C | -2.54% | |
| ENPH | D | -2.48% | |
| VMI | B | -2.47% | |
| ED | D | -2.45% | |
| NJR | C | -2.37% | |
| RUN | C | -2.35% | |
| BE | C | -2.24% | |
| DQ | F | -1.93% | |
| EOSE | C | -1.93% | |
| TSLA | C | -1.9% | |
| CSIQ | F | -1.8% | |
| JKS | F | -1.79% | |
| ARRY | F | -1.78% | |
| PLUG | F | -1.51% | |
| AMPS | D | -1.47% | |
| SPWR | D | -1.42% | |
| FCEL | F | -1.4% | |
| EBR | F | -1.39% | |
| NOVA | C | -1.24% | |
| SHLS | F | -1.19% | |
| SEDG | F | -1.02% | |
| HY | C | -0.99% | |
| TAC | C | -0.96% | |
| RNW | B | -0.93% | |
| GEV | B | -0.91% | |
| ENIC | D | -0.57% | |
| MAXN | F | -0.56% | |
| MNTK | C | -0.36% | |
| NRGV | F | -0.22% |
MNA: Top Represented Industries & Keywords
CNRG: Top Represented Industries & Keywords
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