MNA vs. GPOW ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to Goldman Sachs North American Pipelines & Power Equity ETF (GPOW)
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
$31.26
Average Daily Volume
44,573
45
GPOW
Goldman Sachs North American Pipelines & Power Equity ETF
GPOW Description
The fund seeks to achieve its investment objective by investing at least 80% of its assets in securities included in its underlying index. The index is designed to deliver exposure to equity securities of U.S. and Canadian listed companies, including companies structured as master limited partnerships, operating in the pipelines and power universe. The fund is non-diversified.Grade (RS Rating)
Last Trade
$45.85
Average Daily Volume
547
7
Performance
| Period | MNA | GPOW |
|---|---|---|
| 30 Days | -0.15% | -1.29% |
| 60 Days | 0.91% | 5.45% |
| 90 Days | -0.58% | 6.75% |
| 12 Months | 1.27% |
1 Overlapping Holdings
| Symbol | Grade | Weight in MNA | Weight in GPOW | Overlap | |
|---|---|---|---|---|---|
| ETRN | C | 6.68% | 4.99% | 4.99% |
MNA Overweight 44 Positions Relative to GPOW
| Symbol | Grade | Weight | |
|---|---|---|---|
| DFS | B | 6.55% | |
| X | F | 6.39% | |
| ANSS | C | 6.38% | |
| CTLT | C | 5.62% | |
| JNPR | B | 4.86% | |
| HCP | B | 4.54% | |
| MRO | B | 3.3% | |
| SWN | D | 3.0% | |
| AIRC | A | 2.8% | |
| CERE | C | 2.72% | |
| ALE | B | 2.57% | |
| AXNX | C | 2.39% | |
| HIBB | A | 2.36% | |
| CHX | D | 2.06% | |
| OLK | A | 2.02% | |
| WIRE | B | 1.99% | |
| PRFT | B | 1.97% | |
| IBTX | B | 1.45% | |
| VZIO | B | 1.14% | |
| MGRC | D | 1.11% | |
| SRCL | B | 0.94% | |
| AGS | A | 0.8% | |
| EVBG | D | 0.78% | |
| HAYN | D | 0.78% | |
| OSG | A | 0.74% | |
| AMK | C | 0.72% | |
| HA | D | 0.68% | |
| NWLI | A | 0.59% | |
| SLCA | B | 0.49% | |
| MODN | B | 0.43% | |
| DCPH | A | 0.4% | |
| HTLF | B | 0.34% | |
| SRDX | A | 0.31% | |
| FA | C | -0.28% | |
| UMBF | D | -0.35% | |
| WSC | C | -0.46% | |
| AA | C | -0.92% | |
| SSB | D | -1.46% | |
| SLB | D | -2.14% | |
| CHK | D | -3.14% | |
| IP | A | -3.57% | |
| SNPS | B | -3.92% | |
| EQT | D | -6.72% | |
| COF | C | -7.47% |
MNA: Top Represented Industries & Keywords
GPOW: Top Represented Industries & Keywords
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