MNA vs. GCAD ETF Comparison

Comparison of IQ Merger Arbitrage ETF (MNA) to Gabelli Equity Income ETF (GCAD)
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

$32.77

Average Daily Volume

48,164

Number of Holdings *

44

* may have additional holdings in another (foreign) market
GCAD

Gabelli Equity Income ETF

GCAD Description The fund will seek to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets in securities in income producing equity securities including securities in the aerospace and defense sectors. Aerospace companies include manufacturers, assemblers and distributors of aircraft and aircraft parts. Defense companies include producers of components and equipment for the defense industry, such as military aircraft, radar equipment and weapons.

Grade (RS Rating)

Last Trade

$35.26

Average Daily Volume

871

Number of Holdings *

31

* may have additional holdings in another (foreign) market
Performance
Period MNA GCAD
30 Days -0.36% 2.90%
60 Days -0.40% 4.74%
90 Days 0.52% 4.50%
12 Months 6.64% 33.11%
3 Overlapping Holdings
Symbol Grade Weight in MNA Weight in GCAD Overlap
B A 2.08% 2.3% 2.08%
BA F -1.63% 8.08% -1.63%
SPR D 1.97% 6.93% 1.97%
MNA Overweight 41 Positions Relative to GCAD
Symbol Grade Weight
DFS B 8.65%
CTLT C 5.63%
JNPR D 4.99%
HCP B 4.36%
FYBR C 3.64%
MRO B 3.51%
SMAR A 3.2%
ALTR B 3.12%
BALY A 2.82%
ALE A 2.69%
ENV B 2.59%
K A 2.47%
AXNX A 2.39%
AY A 2.1%
IBTX B 2.04%
RCM A 2.01%
INFN D 1.72%
NAPA A 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 A 0.77%
PFC B 0.65%
GATO C 0.41%
CFB B 0.4%
PGRU A 0.35%
RVNC F 0.32%
SRDX B 0.27%
BUSE B -0.42%
WSBC B -0.66%
RNST B -1.2%
CDE C -1.2%
UMBF B -1.28%
AUB B -1.5%
SSB B -2.03%
IP A -4.24%
COF C -9.37%
MNA Underweight 28 Positions Relative to GCAD
Symbol Grade Weight
HXL F -6.04%
MOG.A B -5.73%
DCO C -5.35%
HON C -4.74%
LMT D -4.32%
CW C -3.96%
WWD C -3.94%
RTX D -3.72%
HEI A -3.72%
CR A -3.68%
HWM A -3.42%
TXT D -3.38%
LHX C -3.24%
NOC D -3.23%
MRCY C -3.0%
GE D -2.94%
LDOS C -2.92%
AIN C -2.5%
TGI B -2.08%
GD D -1.88%
CDRE F -1.57%
RDW A -1.39%
KTOS B -1.04%
PKE B -0.96%
AIR B -0.86%
ATRO D -0.82%
LLAP F -0.26%
MYNA D -0.18%
Compare ETFs