MNA vs. IZRL ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to ARK Israel Innovative Technology ETF (IZRL)
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
$30.92
Average Daily Volume
56,445
29
IZRL
ARK Israel Innovative Technology ETF
IZRL Description
The ARK Israel Innovative Technology ETF (IZRL) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the ARK Israeli Innovation Index, which is designed to track the price movements of exchange-listed Israeli companies whose main business operations are causing disruptive innovation in the areas of genomics, health care, biotechnology, industrials, manufacturing, the Internet or information technology. The Index includes equity securities and depositary receipts of exchange listed companies that are incorporated and/or domiciled in Israel (‘‘Israeli Companies’’) and are included in one of the following economic sectors as defined by FactSet Research Systems: (i) health technology, (ii) communications, (iii) technology services, (iv) electronic technology, (v) consumer services, or (vi) producer manufacturing.Grade (RS Rating)
Last Trade
$19.26
Average Daily Volume
25,189
25
Performance
| Period | MNA | IZRL |
|---|---|---|
| 30 Days | -1.78% | -8.19% |
| 60 Days | -1.59% | -10.67% |
| 90 Days | -0.80% | -1.20% |
| 12 Months | -1.37% | 11.85% |
0 Overlapping Holdings
| Symbol | Grade | Weight in MNA | Weight in IZRL | Overlap |
|---|
MNA Overweight 29 Positions Relative to IZRL
| Symbol | Grade | Weight | |
|---|---|---|---|
| PXD | A | 7.57% | |
| HES | A | 7.48% | |
| DFS | A | 6.7% | |
| ANSS | C | 6.47% | |
| ETRN | A | 6.26% | |
| X | F | 6.13% | |
| CTLT | C | 5.59% | |
| JNPR | C | 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 | C | 1.81% | |
| VZIO | C | 1.12% | |
| MGRC | D | 1.07% | |
| SRCL | D | 0.87% | |
| HAYN | A | 0.8% | |
| SP | B | 0.76% | |
| EVBG | A | 0.75% | |
| NS | C | 0.65% | |
| INBX | D | 0.61% | |
| HA | C | 0.59% | |
| NWLI | A | 0.53% | |
| TAST | A | 0.37% | |
| XT | D | -0.24% | |
| XOP | A | -6.52% |
MNA Underweight 25 Positions Relative to IZRL
| Symbol | Grade | Weight | |
|---|---|---|---|
| SMWB | D | -2.27% | |
| MGIC | A | -2.25% | |
| SSYS | F | -2.22% | |
| CLBT | C | -2.21% | |
| NGMS | A | -2.2% | |
| TARO | A | -2.19% | |
| RDWR | D | -2.19% | |
| RSKD | B | -2.18% | |
| PLTK | B | -2.18% | |
| SPNS | A | -2.18% | |
| INMD | F | -2.18% | |
| WKME | F | -2.18% | |
| CHKP | D | -2.18% | |
| ITRN | D | -2.17% | |
| CYBR | D | -2.17% | |
| WIX | D | -2.16% | |
| AUDC | D | -2.15% | |
| NICE | D | -2.14% | |
| TEVA | B | -2.14% | |
| FROG | C | -2.14% | |
| FVRR | D | -2.13% | |
| CGNT | C | -2.12% | |
| MNDY | C | -2.11% | |
| URGN | F | -2.11% | |
| NNOX | D | -2.07% |
MNA: Top Represented Industries & Keywords
IZRL: Top Represented Industries & Keywords
Compare ETFs
