MNA vs. FXL ETF Comparison

Comparison of IQ Merger Arbitrage ETF (MNA) to First Trust Technology AlphaDEX (FXL)

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

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FXL

First Trust Technology AlphaDEX

FXL 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 StrataQuant(R) Technology Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by NYSE Euronext to objectively identify and select stocks from the Russell 1000(R) Index in the technology sector that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$154.02

Average Daily Volume

17,257

Number of Holdings ^*

102

* may have additional holdings in another (foreign) market

Performance

Period	MNA	FXL
30 Days	-0.18%	10.22%
60 Days	-0.27%	12.16%
90 Days	0.61%	12.82%
12 Months	6.73%	31.26%

2 Overlapping Holdings

	Symbol	Grade	Weight in MNA	Weight in FXL	Overlap
	HCP	B	4.36%	0.93%	0.93%
	SMAR	A	3.2%	1.57%	1.57%

MNA Overweight 42 Positions Relative to FXL

Symbol	Grade	Weight
DFS	B	8.65%
CTLT	B	5.63%
JNPR	F	4.99%
FYBR	D	3.64%
MRO	B	3.51%
ALTR	B	3.12%
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 100 Positions Relative to FXL

Symbol	Grade	Weight
APP	B	-3.39%
PLTR	B	-2.47%
TOST	B	-2.22%
VRT	B	-1.89%
DASH	A	-1.89%
PEGA	A	-1.88%
GWRE	A	-1.66%
GFS	C	-1.65%
CTSH	B	-1.63%
HPE	B	-1.62%
DXC	B	-1.62%
PAYC	B	-1.6%
META	D	-1.57%
IPGP	D	-1.57%
DOCU	A	-1.53%
AVT	C	-1.52%
ON	D	-1.44%
FTNT	C	-1.44%
NVDA	C	-1.43%
GDDY	A	-1.4%
ZM	B	-1.4%
TWLO	A	-1.39%
NOW	A	-1.38%
ARW	D	-1.35%
AMKR	D	-1.32%
SWKS	F	-1.32%
ORCL	B	-1.3%
JBL	B	-1.28%
DNB	B	-1.27%
INTC	D	-1.26%
TYL	B	-1.25%
HPQ	B	-1.21%
CNXC	F	-1.21%
DT	C	-1.19%
MANH	D	-1.18%
AVGO	D	-1.17%
DOX	D	-1.16%
EPAM	C	-1.15%
MSTR	C	-1.15%
SNX	C	-1.14%
NTNX	A	-1.12%
PANW	C	-1.08%
RNG	B	-1.08%
S	B	-1.07%
DELL	C	-1.06%
AKAM	D	-1.04%
FFIV	B	-1.03%
DBX	B	-1.01%
IT	C	-0.99%
CRUS	D	-0.97%
SSNC	B	-0.93%
CACI	D	-0.91%
AAPL	C	-0.91%
QCOM	F	-0.9%
NTAP	C	-0.89%
DLB	B	-0.89%
AMAT	F	-0.86%
SAIC	F	-0.84%
MTCH	D	-0.77%
MPWR	F	-0.74%
DAY	B	-0.74%
CRM	B	-0.72%
DV	C	-0.71%
GLOB	B	-0.68%
ADSK	A	-0.66%
APH	A	-0.66%
GOOGL	C	-0.63%
ROP	B	-0.6%
TXN	C	-0.59%
LSCC	D	-0.57%
VRSN	F	-0.57%
IBM	C	-0.56%
KBR	F	-0.55%
IAC	D	-0.52%
U	C	-0.49%
MCHP	D	-0.48%
OLED	D	-0.47%
ONTO	D	-0.47%
TER	D	-0.47%
PYCR	C	-0.36%
CRWD	B	-0.36%
KD	B	-0.36%
GTLB	B	-0.35%
NET	B	-0.34%
DDOG	A	-0.34%
WDAY	B	-0.33%
ANSS	B	-0.32%
GEN	B	-0.32%
GLW	B	-0.31%
INFA	D	-0.3%
APPF	B	-0.29%
PSTG	D	-0.29%
MSFT	F	-0.29%
MU	D	-0.28%
ADI	D	-0.27%
SMCI	F	-0.26%
KLAC	D	-0.25%
AMD	F	-0.25%
ALGM	D	-0.25%
CDW	F	-0.24%

FXL: Top Represented Industries & Keywords

Industries: Software - Application Semiconductors Software - Infrastructure Information Technology Services Internet Content & Information Semiconductor Equipment & Materials Computer Systems Data Storage Electronic Components Telecom Services Business Services Communication Equipment Computer Hardware Conglomerates Consumer Electronics Contract Manufacturers Diversified Industrials Electronics & Computer Distribution Electronics Distribution Engineering & Construction