MNA vs. PRN ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to PowerShares Dynamic Industrials (PRN)
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
$31.31
Average Daily Volume
55,908
36
PRN
PowerShares Dynamic Industrials
PRN Description
The PowerShares Dynamic Industrials Sector Portfolio (Fund) is based on the Dynamic Industrials Sector IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 60 US industrial companies. These are companies that are principally engaged in the business of providing industrial products and services, including engineering heavy machinery, construction, electrical equipment, aerospace and defense and general manufacturing. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.Grade (RS Rating)
Last Trade
$139.44
Average Daily Volume
12,334
40
Performance
| Period | MNA | PRN |
|---|---|---|
| 30 Days | 0.97% | 1.21% |
| 60 Days | -0.70% | 2.95% |
| 90 Days | -0.29% | 8.05% |
| 12 Months | -0.55% | 44.88% |
1 Overlapping Holdings
| Symbol | Grade | Weight in MNA | Weight in PRN | Overlap | |
|---|---|---|---|---|---|
| WIRE | B | 1.89% | 2.08% | 1.89% |
MNA Overweight 35 Positions Relative to PRN
| Symbol | Grade | Weight | |
|---|---|---|---|
| ANSS | D | 6.4% | |
| X | F | 6.39% | |
| DFS | D | 6.38% | |
| ETRN | B | 6.17% | |
| CTLT | D | 5.57% | |
| JNPR | D | 4.73% | |
| HCP | C | 4.38% | |
| SWAV | A | 4.34% | |
| CPRI | F | 3.95% | |
| CERE | C | 2.81% | |
| AIRC | A | 2.75% | |
| AMED | A | 2.73% | |
| FUSN | A | 2.48% | |
| ALPN | A | 2.47% | |
| AXNX | D | 2.38% | |
| HIBB | A | 2.33% | |
| DOOR | A | 2.15% | |
| CHX | D | 2.1% | |
| OLK | C | 1.88% | |
| VZIO | D | 1.09% | |
| MGRC | D | 1.08% | |
| SRCL | F | 0.87% | |
| HAYN | D | 0.78% | |
| SP | A | 0.76% | |
| EVBG | D | 0.74% | |
| HA | C | 0.62% | |
| INBX | D | 0.61% | |
| AMK | D | 0.61% | |
| NWLI | A | 0.53% | |
| SLCA | B | 0.41% | |
| MODN | C | 0.38% | |
| TAST | A | 0.37% | |
| DCPH | A | 0.29% | |
| HTLF | B | 0.25% | |
| XOP | D | -6.93% |
MNA Underweight 39 Positions Relative to PRN
| Symbol | Grade | Weight | |
|---|---|---|---|
| CTAS | B | -4.09% | |
| VRT | B | -4.07% | |
| FIX | B | -3.93% | |
| HEI | C | -3.92% | |
| HUBB | C | -3.51% | |
| TT | B | -3.46% | |
| CPRT | D | -3.44% | |
| PWR | C | -3.38% | |
| AME | D | -3.19% | |
| GWW | D | -2.91% | |
| STRL | B | -2.85% | |
| URI | C | -2.76% | |
| HWM | B | -2.73% | |
| TDG | C | -2.72% | |
| BLDR | D | -2.71% | |
| CSL | A | -2.58% | |
| ETN | B | -2.45% | |
| PKG | D | -2.44% | |
| IESC | C | -2.38% | |
| SAIA | F | -2.35% | |
| GGG | D | -2.27% | |
| XPO | D | -2.18% | |
| AXON | D | -2.13% | |
| DY | B | -2.07% | |
| HRI | D | -2.04% | |
| BCC | D | -1.89% | |
| GFF | D | -1.86% | |
| CSWI | C | -1.86% | |
| MYRG | D | -1.8% | |
| CBZ | C | -1.79% | |
| GMS | B | -1.75% | |
| UFPI | B | -1.74% | |
| APG | D | -1.69% | |
| ARCB | D | -1.64% | |
| AIT | B | -1.59% | |
| RUSHA | D | -1.5% | |
| AMSC | C | -1.42% | |
| CMPR | D | -1.31% | |
| HEES | F | -1.08% |
MNA: Top Represented Industries & Keywords
PRN: Top Represented Industries & Keywords
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