MNA vs. PID ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to PowerShares Intl Dividend Achievers (PID)
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
PID
PowerShares Intl Dividend Achievers
PID Description
The PowerShares International Dividend Achievers™ Portfolio (Fund) is based on the NASDAQ International Dividend AchieversTM Index (Index). The Fund will normally invest at least 90% of its total assets in dividend paying common stocks that comprise the Index. The Index is designed to identify an international group of American Depository Receipts, Global Depositary Receipts and non-U.S. common or ordinary stocks that have qualified as International Dividend Achievers™. These companies have increased their annual dividend for five or more consecutive fiscal years. The Fund and the Index are reconstituted annually in January and rebalanced quarterly in January, April, July and October. Effective December 28, 2012, the NADAQ OMX Group, Inc., replaced Mergent, Inc., as the Index Provider of the Index. Effective February 25, 2013, the name of the Index changed from International Dividend Achievers Index to NASDAQ International Dividend Achievers Index. There will be no change to the methodology by which NASDAQ OMX Group, Inc., the Index Provider, calculates the Index. Please see the Fund’s prospectus supplement for more information. On February 25, 2013, NASDAQ took the place of the NYSE as the official Index data source.Grade (RS Rating)
Last Trade
$17.94
Average Daily Volume
154,908
24
Performance
| Period | MNA | PID |
|---|---|---|
| 30 Days | -1.88% | -1.91% |
| 60 Days | -1.60% | -1.03% |
| 90 Days | -1.88% | -0.86% |
| 12 Months | -1.61% | 2.68% |
0 Overlapping Holdings
| Symbol | Grade | Weight in MNA | Weight in PID | Overlap |
|---|
MNA Overweight 32 Positions Relative to PID
| 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 24 Positions Relative to PID
| Symbol | Grade | Weight | |
|---|---|---|---|
| PHI | D | -4.3% | |
| AY | A | -4.01% | |
| BTI | D | -3.95% | |
| NGG | B | -3.83% | |
| TD | D | -3.39% | |
| GFI | B | -3.17% | |
| SNY | D | -2.86% | |
| SMFG | C | -2.45% | |
| KOF | C | -2.45% | |
| NVS | B | -2.29% | |
| DEO | F | -1.81% | |
| MUFG | C | -1.75% | |
| OTEX | D | -1.73% | |
| PSO | B | -1.71% | |
| INFY | F | -1.38% | |
| DOX | D | -1.32% | |
| CNI | D | -1.32% | |
| RELX | D | -1.12% | |
| RBA | C | -1.02% | |
| LOGI | F | -0.91% | |
| WTW | C | -0.87% | |
| SAP | B | -0.85% | |
| NVO | C | -0.66% | |
| WCN | C | -0.48% |
MNA: Top Represented Industries & Keywords
PID: Top Represented Industries & Keywords
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