MNA vs. IPO ETF Comparison

Comparison of IQ Merger Arbitrage ETF (MNA) to Renaissance IPO ETF (IPO)
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

$31.48

Average Daily Volume

43,948

Number of Holdings *

36

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

Renaissance IPO ETF

IPO Description The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Renaissance IPO Index (the "index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index, the Renaissance IPO Index. The remaining 20% may be used to purchase securities not in the index that are an appropriate substitute for certain securities in the index in order to track the index. The index is comprised of common stocks, American Depositary Receipts ("ADRs"), real estate investment trusts ("REITS") and master limited partnerships ("MLPs"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$41.52

Average Daily Volume

67,139

Number of Holdings *

44

* may have additional holdings in another (foreign) market
Performance
Period MNA IPO
30 Days 0.51% 5.95%
60 Days 0.35% 19.83%
90 Days 0.22% 10.10%
12 Months 1.43% 48.07%
0 Overlapping Holdings
Symbol Grade Weight in MNA Weight in IPO Overlap
MNA Overweight 36 Positions Relative to IPO
Symbol Grade Weight
WRK B 6.73%
PXD A 6.27%
HES C 6.12%
X D 5.06%
SHV A 4.8%
CPRI F 4.53%
BIL B 4.52%
ANSS B 4.45%
DFS B 4.07%
MDC A 3.18%
JNPR C 3.06%
CTLT C 2.59%
AMED F 2.49%
SIX C 2.46%
CERE B 2.16%
CBAY A 1.91%
OLK C 1.81%
DOOR A 1.79%
WH D 1.61%
AXNX B 1.38%
CPE C 1.05%
PGTI A 0.73%
SP B 0.71%
EVBG B 0.69%
VZIO C 0.67%
NS B 0.63%
HA D 0.58%
INBX D 0.5%
NWLI A 0.49%
EGLE A 0.48%
KAMN A 0.45%
DSKE A 0.41%
NGMS B 0.38%
CATC C 0.34%
MGRC D 0.3%
XOP B -1.26%
MNA Underweight 44 Positions Relative to IPO
Symbol Grade Weight
COIN C -10.43%
KVUE D -9.87%
NU B -9.63%
APP B -4.93%
ARM C -4.81%
HOOD C -4.08%
CNM A -3.36%
PATH D -2.97%
ONON C -2.47%
RIVN F -2.44%
DUOL C -2.25%
PCOR A -2.2%
CRBG B -2.17%
BZ C -2.03%
CFLT C -1.99%
MNDY B -1.88%
RYAN B -1.82%
S D -1.82%
GTLB D -1.81%
YMM C -1.67%
DV D -1.59%
GFS F -1.38%
EDR B -1.37%
GLBE D -1.13%
TPG B -1.1%
DOCS D -1.03%
FRSH F -0.99%
MQ D -0.93%
BRZE D -0.91%
HCP C -0.89%
DOCN C -0.8%
SQSP B -0.69%
NUVL D -0.68%
YOU C -0.59%
BROS C -0.54%
INFA A -0.53%
DLO F -0.47%
AGL F -0.47%
PYCR F -0.42%
PWSC D -0.4%
FLNC F -0.31%
ACT B -0.3%
BLCO D -0.2%
INST F -0.14%
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