MNA vs. IVRS ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to iShares Future Metaverse Tech and Communications ETF (IVRS)
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
$31.06
Average Daily Volume
56,743
29
IVRS
iShares Future Metaverse Tech and Communications ETF
IVRS Description
The underlying index measures the performance of equity securities issued by U.S. and non-U.S. companies that enable the "metaverse" and virtual interactions, as determined by Morningstar or its affiliates. The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The fund is non-diversified.Grade (RS Rating)
Last Trade
$32.45
Average Daily Volume
336
28
Performance
| Period | MNA | IVRS |
|---|---|---|
| 30 Days | -1.51% | -0.58% |
| 60 Days | -1.29% | -1.50% |
| 90 Days | 0.11% | -0.55% |
| 12 Months | -0.95% | 27.32% |
1 Overlapping Holdings
| Symbol | Grade | Weight in MNA | Weight in IVRS | Overlap | |
|---|---|---|---|---|---|
| ANSS | D | 6.47% | 4.55% | 4.55% |
MNA Overweight 28 Positions Relative to IVRS
| Symbol | Grade | Weight | |
|---|---|---|---|
| PXD | B | 7.57% | |
| HES | B | 7.48% | |
| DFS | B | 6.7% | |
| ETRN | A | 6.26% | |
| X | F | 6.13% | |
| CTLT | C | 5.59% | |
| JNPR | D | 4.87% | |
| CPRI | F | 3.83% | |
| CERE | A | 2.81% | |
| AMED | D | 2.66% | |
| SIX | D | 2.51% | |
| FUSN | A | 2.5% | |
| AXNX | C | 2.37% | |
| DOOR | A | 2.15% | |
| OLK | D | 1.81% | |
| VZIO | D | 1.12% | |
| MGRC | D | 1.07% | |
| SRCL | F | 0.87% | |
| HAYN | C | 0.8% | |
| SP | B | 0.76% | |
| EVBG | B | 0.75% | |
| NS | D | 0.65% | |
| INBX | D | 0.61% | |
| HA | D | 0.59% | |
| NWLI | A | 0.53% | |
| TAST | A | 0.37% | |
| XT | C | -0.24% | |
| XOP | C | -6.52% |
MNA Underweight 27 Positions Relative to IVRS
| Symbol | Grade | Weight | |
|---|---|---|---|
| META | D | -5.43% | |
| TTWO | D | -4.68% | |
| SONY | D | -4.67% | |
| PTC | D | -4.55% | |
| EA | D | -4.4% | |
| RBLX | C | -4.21% | |
| ADSK | D | -4.07% | |
| U | F | -3.89% | |
| GRMN | A | -3.23% | |
| AAPL | C | -3.15% | |
| MSFT | C | -3.03% | |
| NVDA | C | -2.95% | |
| ZM | F | -2.94% | |
| SNPS | D | -2.88% | |
| CDNS | D | -2.76% | |
| GOOGL | A | -1.63% | |
| CRM | D | -0.43% | |
| AMD | D | -0.41% | |
| ADBE | D | -0.35% | |
| QCOM | A | -0.28% | |
| INTC | F | -0.23% | |
| MU | B | -0.21% | |
| ANET | D | -0.14% | |
| MTCH | D | -0.06% | |
| SNAP | B | -0.05% | |
| AZPN | C | -0.03% | |
| YY | C | -0.02% |
MNA: Top Represented Industries & Keywords
IVRS: Top Represented Industries & Keywords
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