MNA vs. FMET ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to Fidelity Metaverse ETF (FMET)
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
$32.80
Average Daily Volume
49,131
44
FMET
Fidelity Metaverse ETF
FMET Description
The fund normally invests at least 80% of assets in securities included in the index and in depositary receipts representing securities included in the index. The index is designed to reflect the performance of a global universe of companies that develop, manufacture, distribute, or sell products or services related to establishing and enabling the Metaverse. The fund is non-diversified.Grade (RS Rating)
Last Trade
$30.23
Average Daily Volume
5,881
35
Performance
| Period | MNA | FMET |
|---|---|---|
| 30 Days | -0.18% | 1.92% |
| 60 Days | -0.27% | 2.65% |
| 90 Days | 0.61% | 1.01% |
| 12 Months | 6.73% | 13.60% |
1 Overlapping Holdings
| Symbol | Grade | Weight in MNA | Weight in FMET | Overlap | |
|---|---|---|---|---|---|
| ALTR | B | 3.12% | 1.5% | 1.5% |
MNA Overweight 43 Positions Relative to FMET
| Symbol | Grade | Weight | |
|---|---|---|---|
| DFS | B | 8.65% | |
| CTLT | B | 5.63% | |
| JNPR | F | 4.99% | |
| HCP | B | 4.36% | |
| FYBR | D | 3.64% | |
| MRO | B | 3.51% | |
| SMAR | A | 3.2% | |
| BALY | C | 2.82% | |
| ALE | A | 2.69% | |
| ENV | B | 2.59% | |
| K | A | 2.47% | |
| AXNX | C | 2.39% | |
| AY | B | 2.1% | |
| B | B | 2.08% | |
| IBTX | B | 2.04% | |
| RCM | F | 2.01% | |
| SPR | D | 1.97% | |
| INFN | C | 1.72% | |
| NAPA | B | 1.6% | |
| EVRI | A | 1.59% | |
| SASR | B | 1.5% | |
| VZIO | A | 1.31% | |
| HTLF | B | 1.25% | |
| FBMS | B | 1.19% | |
| ZUO | B | 1.18% | |
| AGS | A | 0.84% | |
| HAYN | C | 0.77% | |
| PFC | A | 0.65% | |
| GATO | D | 0.41% | |
| CFB | B | 0.4% | |
| PGRU | A | 0.35% | |
| RVNC | F | 0.32% | |
| SRDX | B | 0.27% | |
| BUSE | B | -0.42% | |
| WSBC | A | -0.66% | |
| RNST | B | -1.2% | |
| CDE | D | -1.2% | |
| UMBF | B | -1.28% | |
| AUB | B | -1.5% | |
| BA | F | -1.63% | |
| SSB | B | -2.03% | |
| IP | B | -4.24% | |
| COF | B | -9.37% |
MNA Underweight 34 Positions Relative to FMET
| Symbol | Grade | Weight | |
|---|---|---|---|
| NVDA | C | -5.66% | |
| GOOGL | C | -4.83% | |
| META | D | -4.65% | |
| AAPL | C | -4.44% | |
| AMD | F | -4.44% | |
| MSFT | F | -4.41% | |
| QCOM | F | -4.18% | |
| INTC | D | -4.09% | |
| ADBE | C | -4.08% | |
| EQIX | A | -3.47% | |
| ADSK | A | -3.32% | |
| DLR | B | -3.27% | |
| EA | A | -2.71% | |
| TTWO | A | -2.49% | |
| RBLX | C | -2.4% | |
| PTC | A | -2.24% | |
| SNAP | C | -1.82% | |
| PINS | D | -1.82% | |
| BSY | D | -1.59% | |
| GLOB | B | -1.54% | |
| U | C | -1.25% | |
| CRUS | D | -1.05% | |
| SMCI | F | -1.05% | |
| AMBA | B | -0.99% | |
| EXPI | C | -0.76% | |
| MOMO | D | -0.73% | |
| VNET | B | -0.72% | |
| WB | D | -0.72% | |
| BMBL | C | -0.72% | |
| FSLY | D | -0.71% | |
| DAVA | C | -0.68% | |
| PLTK | B | -0.67% | |
| HIMX | F | -0.61% | |
| HEAR | C | -0.47% |
MNA: Top Represented Industries & Keywords
FMET: Top Represented Industries & Keywords
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