MNA vs. EVNT ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to AltShares Event-Driven ETF (EVNT)
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
$32.83
Average Daily Volume
52,891
44
EVNT
AltShares Event-Driven ETF
EVNT Description
AltShares Event-Driven ETF is an exchange traded fund launched and managed by Water Island Capital, LLC. The fund invests in the public equity and fixed income markets across the globe. For its equity portion, the fund invests in stocks of companies operating across diversified sectors. It invests in event-driven/arbitrage stocks of companies across diversified market capitalization. The fund invests in fixed income securities with varying maturities. AltShares Event-Driven ETF is domiciled in the United States.Grade (RS Rating)
Last Trade
$10.62
Average Daily Volume
290
44
Performance
| Period | MNA | EVNT |
|---|---|---|
| 30 Days | -0.36% | 0.28% |
| 60 Days | 0.31% | 1.38% |
| 90 Days | 2.05% | 3.32% |
| 12 Months | 5.88% | 12.00% |
14 Overlapping Holdings
| Symbol | Grade | Weight in MNA | Weight in EVNT | Overlap | |
|---|---|---|---|---|---|
| AXNX | A | 2.38% | 2.98% | 2.38% | |
| CTLT | D | 5.72% | 3.94% | 3.94% | |
| ENV | A | 2.57% | 1.51% | 1.51% | |
| EVRI | A | 1.58% | 0.7% | 0.7% | |
| HCP | A | 4.32% | 3.69% | 3.69% | |
| INST | A | 2.62% | 1.77% | 1.77% | |
| JNPR | A | 5.11% | 3.35% | 3.35% | |
| K | A | 2.46% | 1.74% | 1.74% | |
| MRO | C | 3.25% | 1.54% | 1.54% | |
| PETQ | A | 0.85% | 3.29% | 0.85% | |
| RCM | A | 2.0% | 1.19% | 1.19% | |
| SRCL | A | 1.46% | 2.55% | 1.46% | |
| SRCL | A | 2.81% | 2.55% | 2.55% | |
| VZIO | C | 1.33% | 1.21% | 1.21% |
MNA Overweight 30 Positions Relative to EVNT
| Symbol | Grade | Weight | |
|---|---|---|---|
| DFS | A | 7.23% | |
| FYBR | A | 3.74% | |
| SHV | A | 3.27% | |
| SMAR | A | 3.2% | |
| BALY | A | 2.75% | |
| ALE | A | 2.67% | |
| SPR | C | 2.13% | |
| AY | A | 2.08% | |
| IBTX | B | 1.82% | |
| INFN | B | 1.75% | |
| HTLF | A | 1.08% | |
| FBMS | B | 1.04% | |
| AGS | A | 0.83% | |
| HAYN | A | 0.75% | |
| PFC | A | 0.55% | |
| GATO | B | 0.51% | |
| RVNC | C | 0.4% | |
| CFB | D | 0.37% | |
| PGRU | A | 0.35% | |
| SRDX | D | 0.26% | |
| CLF | C | -0.26% | |
| BUSE | D | -0.38% | |
| FA | D | -0.46% | |
| WSBC | A | -0.56% | |
| RNST | B | -1.05% | |
| UMBF | A | -1.1% | |
| SSB | B | -1.83% | |
| BA | F | -1.85% | |
| IP | A | -3.56% | |
| COF | A | -7.9% |
MNA Underweight 31 Positions Relative to EVNT
| Symbol | Grade | Weight | |
|---|---|---|---|
| HES | B | -4.35% | |
| HA | A | -3.73% | |
| AMED | C | -3.17% | |
| PRFT | A | -3.16% | |
| ANSS | C | -2.82% | |
| CHX | F | -2.68% | |
| MGRC | A | -2.56% | |
| X | C | -1.88% | |
| CCI | D | -1.78% | |
| EDR | A | -1.48% | |
| SILK | A | -1.46% | |
| ESGR | C | -1.4% | |
| DIS | C | -1.07% | |
| SQSP | A | -0.98% | |
| CHUY | B | -0.96% | |
| CPRI | F | -0.92% | |
| AURA | B | -0.86% | |
| PVH | C | -0.85% | |
| PARA | C | -0.83% | |
| CZR | D | -0.81% | |
| PACB | C | -0.81% | |
| VFC | A | -0.78% | |
| GTHX | A | -0.77% | |
| WBD | C | -0.76% | |
| RIVN | F | -0.76% | |
| SNOW | C | -0.74% | |
| BE | D | -0.51% | |
| ACI | C | -0.42% | |
| CLSD | F | -0.33% | |
| WSC | F | --0.9% | |
| SNPS | B | --1.24% |
MNA: Top Represented Industries & Keywords
EVNT: Top Represented Industries & Keywords
Compare ETFs
