MNA vs. FDD ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to First Trust Dow Jones STOXX Select Dividend 30 Index Fund (FDD)
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
$30.89
Average Daily Volume
54,412
32
FDD
First Trust Dow Jones STOXX Select Dividend 30 Index Fund
FDD 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 STOXX(R) Europe Select Dividend 30 Index. The fund normally invests at least 90% of assets in common stocks that comprise the index or in depositary receipts representing securities in the index. The index consists of 30 high dividend-yielding securities selected from the STOXX(R) Europe 600 Index, including secondary lines of those companies (where there are multiple lines of equity capital in a company). The fund is non-diversified.Grade (RS Rating)
Last Trade
$11.75
Average Daily Volume
59,010
1
Performance
| Period | MNA | FDD |
|---|---|---|
| 30 Days | -1.75% | 1.46% |
| 60 Days | -1.75% | 4.87% |
| 90 Days | -1.41% | 0.80% |
| 12 Months | -1.97% | 3.59% |
0 Overlapping Holdings
| Symbol | Grade | Weight in MNA | Weight in FDD | Overlap |
|---|
MNA Overweight 32 Positions Relative to FDD
| Symbol | Grade | Weight | |
|---|---|---|---|
| PXD | A | 7.33% | |
| HES | A | 7.07% | |
| X | D | 6.79% | |
| ANSS | C | 6.42% | |
| DFS | A | 6.26% | |
| ETRN | A | 5.74% | |
| CTLT | C | 5.56% | |
| JNPR | C | 4.99% | |
| MDC | A | 4.46% | |
| CPRI | F | 4.23% | |
| CERE | B | 2.78% | |
| AMED | D | 2.65% | |
| SIX | D | 2.49% | |
| FUSN | A | 2.47% | |
| AXNX | C | 2.38% | |
| DOOR | A | 2.12% | |
| OLK | C | 1.82% | |
| MGRC | C | 1.11% | |
| VZIO | A | 1.1% | |
| SRCL | C | 0.86% | |
| HAYN | A | 0.8% | |
| SP | B | 0.76% | |
| EVBG | A | 0.74% | |
| HA | C | 0.63% | |
| INBX | C | 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 1 Positions Relative to FDD
| Symbol | Grade | Weight | |
|---|---|---|---|
| NN | A | -4.18% |
MNA: Top Represented Industries & Keywords
FDD: Top Represented Industries & Keywords
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