MNA vs. FBT ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to First Trust Amex Biotech Index Fund (FBT)
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
$31.11
Average Daily Volume
53,079
29
FBT
First Trust Amex Biotech Index Fund
FBT Description
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NYSE Arca Biotechnology Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is an equal-dollar weighted index designed to measure the performance of a cross section of companies in the biotechnology industry that are primarily involved in the use of biological processes to develop products or provide services. The fund is non-diversified.Grade (RS Rating)
Last Trade
$148.85
Average Daily Volume
22,255
30
Performance
| Period | MNA | FBT |
|---|---|---|
| 30 Days | -0.22% | -1.40% |
| 60 Days | -1.30% | -3.90% |
| 90 Days | 0.42% | 0.39% |
| 12 Months | -0.77% | -3.27% |
0 Overlapping Holdings
| Symbol | Grade | Weight in MNA | Weight in FBT | Overlap |
|---|
MNA Overweight 29 Positions Relative to FBT
| Symbol | Grade | Weight | |
|---|---|---|---|
| HES | B | 7.4% | |
| PXD | B | 7.39% | |
| DFS | C | 6.45% | |
| ANSS | D | 6.37% | |
| X | D | 6.23% | |
| ETRN | B | 6.13% | |
| CTLT | C | 5.62% | |
| JNPR | D | 4.83% | |
| CPRI | F | 3.84% | |
| CERE | B | 2.88% | |
| AMED | D | 2.7% | |
| FUSN | A | 2.51% | |
| SIX | C | 2.49% | |
| AXNX | C | 2.39% | |
| DOOR | A | 2.18% | |
| OLK | D | 1.84% | |
| VZIO | D | 1.12% | |
| MGRC | D | 1.06% | |
| SRCL | D | 0.86% | |
| HAYN | D | 0.81% | |
| SP | C | 0.77% | |
| EVBG | B | 0.75% | |
| NS | D | 0.65% | |
| HA | D | 0.61% | |
| INBX | D | 0.61% | |
| NWLI | A | 0.53% | |
| TAST | A | 0.37% | |
| XT | D | -0.25% | |
| XOP | B | -6.21% |
MNA Underweight 30 Positions Relative to FBT
| Symbol | Grade | Weight | |
|---|---|---|---|
| BGNE | C | -3.7% | |
| ITCI | B | -3.69% | |
| UTHR | A | -3.67% | |
| BIIB | C | -3.64% | |
| NBIX | B | -3.55% | |
| MRNA | B | -3.54% | |
| BNTX | D | -3.48% | |
| AMGN | B | -3.47% | |
| HALO | C | -3.4% | |
| ARGX | D | -3.39% | |
| VRTX | C | -3.39% | |
| CORT | D | -3.39% | |
| ALNY | D | -3.37% | |
| REGN | C | -3.34% | |
| CPRX | D | -3.34% | |
| NTRA | A | -3.33% | |
| ACAD | F | -3.32% | |
| MTD | D | -3.31% | |
| INCY | D | -3.29% | |
| ALKS | F | -3.29% | |
| ILMN | F | -3.28% | |
| GMAB | F | -3.28% | |
| WAT | D | -3.27% | |
| GILD | F | -3.22% | |
| EXEL | D | -3.21% | |
| RGEN | D | -3.09% | |
| BRKR | D | -3.02% | |
| BMRN | F | -3.02% | |
| EXAS | F | -2.81% | |
| BEAM | F | -2.8% |
MNA: Top Represented Industries & Keywords
FBT: Top Represented Industries & Keywords
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