MNA vs. IEO ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to iShares U.S. Oil & Gas Exploration & Production ETF (IEO)
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
$31.17
Average Daily Volume
56,743
29
IEO
iShares U.S. Oil & Gas Exploration & Production ETF
IEO Description
The investment seeks to track the investment results of an index composed of U.S. equities in the oil and gas exploration and production sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Select Oil Exploration & Production Index (the "underlying index"), which measures the performance of the oil exploration and production sub-sector of the U.S. equity market. The fund is non-diversified.Grade (RS Rating)
Last Trade
$104.78
Average Daily Volume
171,971
46
Performance
| Period | MNA | IEO |
|---|---|---|
| 30 Days | -1.51% | -6.77% |
| 60 Days | -1.29% | 8.21% |
| 90 Days | 0.11% | 14.23% |
| 12 Months | -0.95% | 34.83% |
MNA Overweight 27 Positions Relative to IEO
| Symbol | Grade | Weight | |
|---|---|---|---|
| DFS | B | 6.45% | |
| ANSS | D | 6.37% | |
| X | F | 6.23% | |
| ETRN | A | 6.13% | |
| CTLT | C | 5.62% | |
| JNPR | D | 4.83% | |
| CPRI | F | 3.84% | |
| CERE | A | 2.88% | |
| AMED | D | 2.7% | |
| FUSN | A | 2.51% | |
| SIX | D | 2.49% | |
| AXNX | C | 2.39% | |
| DOOR | A | 2.18% | |
| OLK | D | 1.84% | |
| VZIO | D | 1.12% | |
| MGRC | D | 1.06% | |
| SRCL | F | 0.86% | |
| HAYN | C | 0.81% | |
| SP | B | 0.77% | |
| EVBG | B | 0.75% | |
| NS | D | 0.65% | |
| HA | D | 0.61% | |
| INBX | D | 0.61% | |
| NWLI | A | 0.53% | |
| TAST | A | 0.37% | |
| XT | C | -0.25% | |
| XOP | C | -6.21% |
MNA Underweight 44 Positions Relative to IEO
| Symbol | Grade | Weight | |
|---|---|---|---|
| COP | C | -18.59% | |
| EOG | B | -9.68% | |
| MPC | D | -8.4% | |
| PSX | D | -7.74% | |
| DVN | B | -4.67% | |
| FANG | B | -4.6% | |
| VLO | C | -4.58% | |
| CTRA | A | -3.12% | |
| EQT | B | -2.5% | |
| MRO | C | -2.38% | |
| OVV | B | -1.97% | |
| APA | F | -1.72% | |
| TPL | B | -1.63% | |
| CHK | B | -1.52% | |
| AR | A | -1.46% | |
| RRC | B | -1.31% | |
| DINO | F | -1.29% | |
| SWN | C | -1.25% | |
| PR | B | -1.17% | |
| CHRD | B | -1.11% | |
| MTDR | D | -1.05% | |
| MUR | C | -0.98% | |
| CIVI | B | -0.94% | |
| PBF | C | -0.88% | |
| SM | B | -0.85% | |
| MGY | B | -0.7% | |
| NOG | B | -0.56% | |
| CNX | B | -0.54% | |
| CRC | F | -0.52% | |
| KOS | D | -0.4% | |
| STR | F | -0.29% | |
| TALO | D | -0.27% | |
| PARR | F | -0.26% | |
| DK | F | -0.25% | |
| GPOR | C | -0.23% | |
| WKC | D | -0.22% | |
| VTLE | C | -0.2% | |
| GPRE | F | -0.19% | |
| CVI | F | -0.14% | |
| CRK | C | -0.14% | |
| REX | B | -0.13% | |
| CRGY | F | -0.13% | |
| CLNE | F | -0.06% | |
| TELL | F | -0.05% |
MNA: Top Represented Industries & Keywords
IEO: Top Represented Industries & Keywords
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