MNA vs. FFND ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to The Future Fund Active ETF (FFND)
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
$30.92
Average Daily Volume
56,445
29
FFND
The Future Fund Active ETF
FFND Description
Northern Lights Fund Trust II - The Future Fund Active ETF is an exchange traded fund launched by Northern Lights Fund Trust II. The fund is managed by The Future Fund, LLC. It invests in public equity markets of the United States. The fund invests directly, through derivatives and through other funds in stocks of companies operating across diversified sectors. It employs long/short strategy and uses derivatives such as futures and options to create its portfolio. The fund invests in growth and value stocks of companies across diversified market capitalization. It employs proprietary research to create its portfolio. Northern Lights Fund Trust II - The Future Fund Active ETF was formed on August 24, 2021 and is domiciled in the United States. The investment seeks to provide capital appreciation. Under normal market conditions, the fund, which is an actively managed ETF, will primarily invest in the equity securities of companies that the adviser believes to be best positioned to take advantage of or profit from emerging technological or social trends or developments.Grade (RS Rating)
Last Trade
$21.84
Average Daily Volume
2,234
34
Performance
| Period | MNA | FFND |
|---|---|---|
| 30 Days | -1.78% | -4.59% |
| 60 Days | -1.59% | -2.68% |
| 90 Days | -0.80% | 9.42% |
| 12 Months | -1.37% | 31.39% |
0 Overlapping Holdings
| Symbol | Grade | Weight in MNA | Weight in FFND | Overlap |
|---|
MNA Overweight 29 Positions Relative to FFND
| Symbol | Grade | Weight | |
|---|---|---|---|
| PXD | A | 7.57% | |
| HES | A | 7.48% | |
| DFS | A | 6.7% | |
| ANSS | C | 6.47% | |
| ETRN | A | 6.26% | |
| X | F | 6.13% | |
| CTLT | C | 5.59% | |
| JNPR | C | 4.87% | |
| CPRI | F | 3.83% | |
| CERE | A | 2.81% | |
| AMED | D | 2.66% | |
| SIX | D | 2.51% | |
| FUSN | A | 2.5% | |
| AXNX | C | 2.37% | |
| DOOR | A | 2.15% | |
| OLK | C | 1.81% | |
| VZIO | C | 1.12% | |
| MGRC | D | 1.07% | |
| SRCL | D | 0.87% | |
| HAYN | A | 0.8% | |
| SP | B | 0.76% | |
| EVBG | A | 0.75% | |
| NS | C | 0.65% | |
| INBX | D | 0.61% | |
| HA | C | 0.59% | |
| NWLI | A | 0.53% | |
| TAST | A | 0.37% | |
| XT | D | -0.24% | |
| XOP | A | -6.52% |
MNA Underweight 34 Positions Relative to FFND
| Symbol | Grade | Weight | |
|---|---|---|---|
| GOOGL | A | -10.12% | |
| NVDA | B | -5.43% | |
| LLY | B | -4.67% | |
| CMG | A | -3.99% | |
| GTLS | D | -3.96% | |
| ABNB | C | -3.92% | |
| UBER | D | -3.5% | |
| HALO | D | -3.5% | |
| CRM | D | -3.37% | |
| GPRE | F | -3.11% | |
| NFLX | D | -3.05% | |
| KTOS | D | -2.95% | |
| CELH | D | -2.91% | |
| LULU | D | -2.82% | |
| TSLA | C | -2.79% | |
| LPLA | A | -2.74% | |
| SCHW | A | -2.5% | |
| DASH | C | -2.47% | |
| ONON | D | -2.24% | |
| FTI | A | -2.16% | |
| GTLB | F | -2.14% | |
| ZTS | D | -2.13% | |
| VRTX | D | -1.96% | |
| WOLF | D | -1.96% | |
| EW | D | -1.87% | |
| ASML | D | -1.67% | |
| PANW | A | -1.67% | |
| MU | A | -1.47% | |
| CIEN | D | -1.45% | |
| BIDU | C | -1.39% | |
| RIVN | F | -1.29% | |
| PWR | A | -1.16% | |
| EXAS | F | -1.06% | |
| YNDX | C | -0.62% |
MNA: Top Represented Industries & Keywords
FFND: Top Represented Industries & Keywords
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