MNA vs. ECLN ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to First Trust EIP Carbon Impact ETF (ECLN)
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
$30.80
Average Daily Volume
52,500
32
ECLN
First Trust EIP Carbon Impact ETF
ECLN Description
The investment seeks to achieve a competitive risk-adjusted total return balanced between dividends and capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in the equity securities of companies identified by the fund's investment sub-advisor as having or seeking to have a positive carbon impact. Its investments will be concentrated in the industries constituting the energy infrastructure sector. The fund is non-diversified.Grade (RS Rating)
Last Trade
$24.63
Average Daily Volume
3,102
38
Performance
| Period | MNA | ECLN |
|---|---|---|
| 30 Days | -1.88% | 2.75% |
| 60 Days | -1.60% | 5.15% |
| 90 Days | -1.88% | 6.31% |
| 12 Months | -1.61% | -1.74% |
0 Overlapping Holdings
| Symbol | Grade | Weight in MNA | Weight in ECLN | Overlap |
|---|
MNA Overweight 32 Positions Relative to ECLN
| Symbol | Grade | Weight | |
|---|---|---|---|
| PXD | A | 7.33% | |
| HES | A | 7.07% | |
| X | F | 6.79% | |
| ANSS | C | 6.42% | |
| DFS | A | 6.26% | |
| ETRN | A | 5.74% | |
| CTLT | D | 5.56% | |
| JNPR | D | 4.99% | |
| MDC | A | 4.46% | |
| CPRI | F | 4.23% | |
| CERE | C | 2.78% | |
| AMED | D | 2.65% | |
| SIX | F | 2.49% | |
| FUSN | A | 2.47% | |
| AXNX | C | 2.38% | |
| DOOR | A | 2.12% | |
| OLK | D | 1.82% | |
| MGRC | D | 1.11% | |
| VZIO | C | 1.1% | |
| SRCL | C | 0.86% | |
| HAYN | A | 0.8% | |
| SP | C | 0.76% | |
| EVBG | A | 0.74% | |
| HA | D | 0.63% | |
| INBX | D | 0.61% | |
| NS | C | 0.59% | |
| NWLI | A | 0.52% | |
| KAMN | A | 0.49% | |
| NGMS | A | 0.42% | |
| TAST | A | 0.37% | |
| XT | D | -0.24% | |
| XOP | A | -6.49% |
MNA Underweight 38 Positions Relative to ECLN
| Symbol | Grade | Weight | |
|---|---|---|---|
| DTM | A | -5.98% | |
| AEP | B | -4.61% | |
| SRE | B | -4.0% | |
| ATO | A | -3.97% | |
| TRGP | A | -3.9% | |
| SO | A | -3.85% | |
| XEL | B | -3.63% | |
| PPL | A | -3.51% | |
| WEC | A | -3.33% | |
| LNT | A | -3.28% | |
| CQP | D | -3.24% | |
| PEG | A | -3.21% | |
| CMS | A | -3.04% | |
| WMB | A | -2.99% | |
| NFG | A | -2.79% | |
| DTE | A | -2.7% | |
| CWEN | A | -2.63% | |
| EVRG | A | -2.59% | |
| IDA | A | -2.23% | |
| OGS | B | -2.13% | |
| PWR | A | -2.09% | |
| LNG | D | -1.8% | |
| AES | A | -1.77% | |
| FLR | A | -1.32% | |
| DUK | A | -1.06% | |
| ETR | A | -1.02% | |
| NEP | D | -0.89% | |
| WTRG | B | -0.71% | |
| ES | A | -0.68% | |
| VST | A | -0.67% | |
| OGE | A | -0.63% | |
| CEG | B | -0.53% | |
| CNP | A | -0.48% | |
| CPK | B | -0.46% | |
| AWK | C | -0.38% | |
| AEE | B | -0.33% | |
| NJR | A | -0.2% | |
| EIX | A | -0.18% |
MNA: Top Represented Industries & Keywords
ECLN: Top Represented Industries & Keywords
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