MNA vs. PILL ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to Direxion Daily Pharmaceutical & Medical Bull 3X Shares ETF (PILL)
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
PILL
Direxion Daily Pharmaceutical & Medical Bull 3X Shares ETF
PILL Description
The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the S&P Pharmaceuticals Select Industry Index. The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index is a modified equal-weighted index that is designed to measure performance of the stocks comprising the S&P Total Market Index that are classified in the GICS pharmaceuticals sub-industry. The fund is non-diversified.Grade (RS Rating)
Last Trade
$6.36
Average Daily Volume
82,033
40
Performance
| Period | MNA | PILL |
|---|---|---|
| 30 Days | -1.78% | -22.63% |
| 60 Days | -1.59% | -30.09% |
| 90 Days | -0.80% | -18.38% |
| 12 Months | -1.37% | -30.17% |
1 Overlapping Holdings
| Symbol | Grade | Weight in MNA | Weight in PILL | Overlap | |
|---|---|---|---|---|---|
| CTLT | C | 5.59% | 4.11% | 4.11% |
MNA Overweight 28 Positions Relative to PILL
| 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% | |
| 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 39 Positions Relative to PILL
| Symbol | Grade | Weight | |
|---|---|---|---|
| ITCI | B | -4.45% | |
| MRK | A | -4.41% | |
| PRGO | A | -4.24% | |
| OGN | A | -4.16% | |
| AXSM | D | -4.03% | |
| LLY | B | -3.96% | |
| VTRS | C | -3.9% | |
| PFE | F | -3.87% | |
| RPRX | D | -3.86% | |
| JNJ | F | -3.83% | |
| JAZZ | F | -3.81% | |
| ZTS | D | -3.51% | |
| BMY | F | -3.46% | |
| ELAN | D | -3.3% | |
| CORT | D | -2.84% | |
| ARVN | D | -2.1% | |
| AMPH | D | -1.82% | |
| SAVA | B | -1.78% | |
| EYPT | C | -1.61% | |
| TARS | D | -1.45% | |
| PBH | B | -1.24% | |
| PCRX | F | -1.02% | |
| LBPH | B | -1.01% | |
| HRMY | D | -0.99% | |
| COLL | C | -0.95% | |
| INVA | A | -0.9% | |
| LQDA | D | -0.83% | |
| SUPN | C | -0.75% | |
| AMRX | B | -0.73% | |
| LGND | D | -0.68% | |
| ANIP | B | -0.54% | |
| PLRX | F | -0.49% | |
| RVNC | F | -0.47% | |
| EOLS | C | -0.39% | |
| TBPH | F | -0.33% | |
| XERS | F | -0.3% | |
| OCUL | F | -0.27% | |
| FULC | D | -0.23% | |
| MRNS | F | -0.06% |
MNA: Top Represented Industries & Keywords
PILL: Top Represented Industries & Keywords
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