MNA vs. OIH ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to Market Vectors Oil Services ETF (OIH)
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
$31.20
Average Daily Volume
60,420
33
OIH
Market Vectors Oil Services ETF
OIH Description
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors® US Listed Oil Services 25 Index (the "Oil Services Index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The Oil Services Index is comprised of common stocks and depositary receipts of U.S. exchange-listed companies in the oil services industry. Such companies may include medium-capitalization companies and foreign companies that are listed on a U.S. exchange. The fund is non-diversified.Grade (RS Rating)
Last Trade
$321.39
Average Daily Volume
326,147
24
Performance
| Period | MNA | OIH |
|---|---|---|
| 30 Days | 0.87% | 4.20% |
| 60 Days | -0.83% | -4.92% |
| 90 Days | -0.70% | 5.37% |
| 12 Months | 1.66% | 25.71% |
MNA Overweight 31 Positions Relative to OIH
| Symbol | Grade | Weight | |
|---|---|---|---|
| ANSS | D | 6.42% | |
| ETRN | A | 6.4% | |
| DFS | D | 6.33% | |
| X | D | 5.98% | |
| CTLT | D | 5.42% | |
| JNPR | D | 4.73% | |
| HCP | B | 4.44% | |
| SWAV | A | 4.38% | |
| CPRI | F | 3.74% | |
| AMED | A | 2.79% | |
| CERE | D | 2.78% | |
| AIRC | A | 2.76% | |
| FUSN | A | 2.49% | |
| SHV | A | 2.44% | |
| AXNX | D | 2.38% | |
| HIBB | A | 2.32% | |
| OLK | B | 1.92% | |
| WIRE | C | 1.86% | |
| VZIO | D | 1.1% | |
| MGRC | D | 1.08% | |
| SRCL | C | 0.88% | |
| HAYN | D | 0.78% | |
| EVBG | D | 0.74% | |
| HA | B | 0.63% | |
| AMK | D | 0.61% | |
| INBX | D | 0.6% | |
| NWLI | C | 0.52% | |
| MODN | B | 0.39% | |
| DCPH | A | 0.29% | |
| HTLF | C | 0.24% | |
| XOP | D | -6.78% |
MNA Underweight 22 Positions Relative to OIH
| Symbol | Grade | Weight | |
|---|---|---|---|
| SLB | F | -17.95% | |
| HAL | F | -10.63% | |
| BKR | F | -9.31% | |
| WFRD | C | -5.28% | |
| FTI | B | -5.17% | |
| VAL | B | -4.91% | |
| RIG | C | -4.76% | |
| NOV | F | -4.62% | |
| TS | D | -4.34% | |
| PTEN | F | -3.97% | |
| WHD | C | -3.65% | |
| HP | F | -2.83% | |
| LBRT | A | -2.62% | |
| OII | B | -2.26% | |
| XPRO | B | -1.67% | |
| HLX | C | -1.44% | |
| WTTR | A | -1.23% | |
| RES | F | -0.97% | |
| NBR | F | -0.65% | |
| PUMP | B | -0.58% | |
| CLB | C | -0.55% | |
| DRQ | F | -0.44% |
MNA: Top Represented Industries & Keywords
OIH: Top Represented Industries & Keywords
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