MNA vs. DWSH ETF Comparison

Comparison of IQ Merger Arbitrage ETF (MNA) to AdvisorShares Dorsey Wright Short ETF (DWSH)

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

$32.78

Average Daily Volume

48,345

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DWSH

AdvisorShares Dorsey Wright Short ETF

DWSH Description

The investment seeks capital appreciation through short selling securities. Dorsey, Wright & Associates, LLC (the "Sub-Advisor"), the sub-advisor to the fund, seeks to achieve the fund's investment objective by obtaining short exposure to investment returns of the broad U.S. large-capitalization equity market by engaging in short sales of U.S.-traded equity securities and exchange-traded funds ("ETFs"). Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in investments that create or result in short exposure to U.S. equity securities.

Grade (RS Rating)

Last Trade

$7.26

Average Daily Volume

22,624

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MNA	DWSH
30 Days	-0.33%	-0.95%
60 Days	-0.36%	0.22%
90 Days	0.55%	0.41%
12 Months	6.67%	-12.87%

1 Overlapping Holdings

	Symbol	Grade	Weight in MNA	Weight in DWSH	Overlap
	BA	F	-1.63%	-0.79%	-1.63%

MNA Overweight 43 Positions Relative to DWSH

Symbol	Grade	Weight
DFS	B	8.65%
CTLT	C	5.63%
JNPR	D	4.99%
HCP	B	4.36%
FYBR	C	3.64%
MRO	B	3.51%
SMAR	B	3.2%
ALTR	B	3.12%
BALY	B	2.82%
ALE	A	2.69%
ENV	B	2.59%
K	A	2.47%
AXNX	A	2.39%
AY	A	2.1%
B	A	2.08%
IBTX	B	2.04%
RCM	A	2.01%
SPR	D	1.97%
INFN	D	1.72%
NAPA	A	1.6%
EVRI	A	1.59%
SASR	B	1.5%
VZIO	A	1.31%
HTLF	B	1.25%
FBMS	B	1.19%
ZUO	B	1.18%
AGS	A	0.84%
HAYN	A	0.77%
PFC	B	0.65%
GATO	C	0.41%
CFB	B	0.4%
PGRU	A	0.35%
RVNC	F	0.32%
SRDX	B	0.27%
BUSE	B	-0.42%
WSBC	B	-0.66%
RNST	B	-1.2%
CDE	C	-1.2%
UMBF	B	-1.28%
AUB	B	-1.5%
SSB	B	-2.03%
IP	A	-4.24%
COF	C	-9.37%

MNA Underweight 97 Positions Relative to DWSH

Symbol	Grade	Weight
HPP	F	--0.62%
XRAY	F	--0.63%
DAN	D	--0.7%
PII	F	--0.7%
APA	D	--0.71%
BIIB	F	--0.74%
TDC	D	--0.76%
TECH	F	--0.77%
WBA	F	--0.77%
NKE	F	--0.79%
VSAT	F	--0.79%
BRKR	D	--0.8%
COTY	F	--0.8%
LEA	F	--0.8%
ADNT	F	--0.81%
HUN	F	--0.81%
AAP	D	--0.81%
VC	F	--0.81%
IPGP	D	--0.81%
CC	C	--0.81%
MOS	F	--0.82%
DLTR	F	--0.82%
SVC	F	--0.82%
XRX	F	--0.82%
PTEN	C	--0.82%
UPS	C	--0.83%
FMC	D	--0.83%
KSS	F	--0.84%
TRIP	F	--0.84%
LEG	F	--0.86%
MUR	D	--0.87%
JAZZ	B	--0.87%
W	D	--0.87%
SAGE	F	--0.88%
ULTA	F	--0.88%
LKQ	F	--0.89%
RES	D	--0.89%
VAC	C	--0.89%
MCHP	F	--0.89%
RIG	D	--0.89%
HLF	C	--0.9%
CVS	D	--0.91%
EL	F	--0.92%
OXY	D	--0.92%
CBRL	C	--0.92%
SLAB	F	--0.93%
M	F	--0.93%
DG	F	--0.93%
BEN	C	--0.93%
ADM	D	--0.93%
CACC	D	--0.94%
ALGN	D	--0.94%
ENOV	C	--0.95%
OLN	F	--0.95%
SLB	C	--0.96%
SIRI	C	--0.96%
DVN	F	--0.96%
PRGO	C	--0.96%
DINO	D	--0.96%
SNAP	D	--0.96%
HAIN	D	--0.97%
MTN	C	--0.98%
RLJ	C	--0.99%
GT	C	--0.99%
WBD	B	--0.99%
CRL	D	--0.99%
NOV	C	--0.99%
OI	C	--1.0%
EW	C	--1.0%
VRSN	C	--1.01%
CGNX	D	--1.01%
UHAL	D	--1.02%
AGCO	D	--1.02%
ALB	B	--1.04%
F	C	--1.05%
ZD	B	--1.05%
BBWI	C	--1.06%
WST	C	--1.06%
INTC	C	--1.06%
HAL	C	--1.07%
HGV	C	--1.07%
VYX	B	--1.08%
CABO	B	--1.08%
TAP	C	--1.11%
EPAM	B	--1.11%
RHI	C	--1.11%
HUM	C	--1.13%
NUS	D	--1.14%
WHR	B	--1.16%
GPN	B	--1.2%
IART	C	--1.27%
AAL	B	--1.29%
LW	C	--1.31%
ODFL	C	--1.31%
DXC	B	--1.33%
PAYC	B	--1.48%
ATUS	B	--1.52%