MNA vs. MGMT ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to Ballast Small/Mid Cap ETF (MGMT)
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
$30.80
Average Daily Volume
52,500
32
MGMT
Ballast Small/Mid Cap ETF
MGMT Description
The investment seeks to generate positive risk adjusted returns. Under normal circumstances, the fund invests at least 80% of the value of its net assets (plus borrowings for investment purposes) in equity securities (principally common stocks) of domestic companies with small to medium market capitalizations. It may also invest all or substantially all of its assets in cash and cash equivalents, including money market funds and other short-term fixed income investments, in seeking to protect principal, or when, in the Adviser's opinion, there are not sufficient companies appropriate for investment.Grade (RS Rating)
Last Trade
$36.37
Average Daily Volume
16,941
46
Performance
| Period | MNA | MGMT |
|---|---|---|
| 30 Days | -1.88% | -2.22% |
| 60 Days | -1.60% | 0.71% |
| 90 Days | -1.88% | 0.95% |
| 12 Months | -1.61% | 13.29% |
0 Overlapping Holdings
| Symbol | Grade | Weight in MNA | Weight in MGMT | Overlap |
|---|
MNA Overweight 32 Positions Relative to MGMT
| Symbol | Grade | Weight | |
|---|---|---|---|
| PXD | A | 7.33% | |
| HES | A | 7.07% | |
| X | F | 6.79% | |
| ANSS | C | 6.42% | |
| DFS | A | 6.26% | |
| ETRN | A | 5.74% | |
| CTLT | D | 5.56% | |
| JNPR | D | 4.99% | |
| MDC | A | 4.46% | |
| CPRI | F | 4.23% | |
| CERE | C | 2.78% | |
| AMED | D | 2.65% | |
| SIX | F | 2.49% | |
| FUSN | A | 2.47% | |
| AXNX | C | 2.38% | |
| DOOR | A | 2.12% | |
| OLK | D | 1.82% | |
| MGRC | D | 1.11% | |
| VZIO | C | 1.1% | |
| SRCL | C | 0.86% | |
| HAYN | A | 0.8% | |
| SP | C | 0.76% | |
| EVBG | A | 0.74% | |
| HA | D | 0.63% | |
| INBX | D | 0.61% | |
| NS | C | 0.59% | |
| NWLI | A | 0.52% | |
| KAMN | A | 0.49% | |
| NGMS | A | 0.42% | |
| TAST | A | 0.37% | |
| XT | D | -0.24% | |
| XOP | A | -6.49% |
MNA Underweight 46 Positions Relative to MGMT
| Symbol | Grade | Weight | |
|---|---|---|---|
| NRP | B | -5.31% | |
| AGM | B | -3.72% | |
| AZZ | A | -3.33% | |
| CVCO | C | -3.1% | |
| TDC | D | -2.86% | |
| MTG | B | -2.84% | |
| CEIX | D | -2.83% | |
| PHIN | A | -2.81% | |
| EXP | C | -2.79% | |
| CASS | D | -2.78% | |
| GEO | A | -2.62% | |
| TRIP | C | -2.46% | |
| LAMR | B | -2.35% | |
| LSTR | D | -2.26% | |
| SOI | B | -2.2% | |
| BIOX | D | -2.17% | |
| CBNK | F | -2.16% | |
| IGIC | A | -2.13% | |
| ATKR | A | -2.11% | |
| GPRE | D | -2.1% | |
| NTIC | A | -2.05% | |
| IMXI | A | -1.99% | |
| LII | C | -1.95% | |
| DOX | D | -1.89% | |
| BLCO | D | -1.69% | |
| KOS | B | -1.69% | |
| EPR | D | -1.64% | |
| BWA | B | -1.64% | |
| SFM | A | -1.63% | |
| RMNI | F | -1.63% | |
| GSM | B | -1.55% | |
| BELFB | B | -1.52% | |
| ECVT | B | -1.51% | |
| CRMT | F | -1.49% | |
| IPGP | D | -1.46% | |
| UFPT | B | -1.27% | |
| KN | B | -1.27% | |
| RCMT | F | -1.22% | |
| EPSN | A | -1.17% | |
| TKR | A | -1.16% | |
| PATK | C | -0.94% | |
| IRMD | D | -0.91% | |
| CMP | F | -0.9% | |
| EXTR | F | -0.81% | |
| G | D | -0.81% | |
| BIL | A | -0.23% |
MNA: Top Represented Industries & Keywords
MGMT: Top Represented Industries & Keywords
Compare ETFs
