MNA vs. PSL ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to PowerShares Dynamic Consumer Staples (PSL)
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
$30.84
Average Daily Volume
54,250
32
PSL
PowerShares Dynamic Consumer Staples
PSL Description
The PowerShares Dynamic Consumer Staples Sector Portfolio (Fund) is based on the Dynamic Consumer Staples 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 consumer staples companies. These are companies that are principally engaged in the businesses of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and non-discretionary retail. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.Grade (RS Rating)
Last Trade
$92.33
Average Daily Volume
1,700
35
Performance
| Period | MNA | PSL |
|---|---|---|
| 30 Days | -1.88% | -5.15% |
| 60 Days | -1.85% | -0.08% |
| 90 Days | -1.50% | 1.21% |
| 12 Months | -1.84% | 6.36% |
0 Overlapping Holdings
| Symbol | Grade | Weight in MNA | Weight in PSL | Overlap |
|---|
MNA Overweight 32 Positions Relative to PSL
| Symbol | Grade | Weight | |
|---|---|---|---|
| PXD | A | 7.33% | |
| HES | A | 7.07% | |
| X | D | 6.79% | |
| ANSS | C | 6.42% | |
| DFS | A | 6.26% | |
| ETRN | A | 5.74% | |
| CTLT | C | 5.56% | |
| JNPR | C | 4.99% | |
| MDC | A | 4.46% | |
| CPRI | F | 4.23% | |
| CERE | B | 2.78% | |
| AMED | D | 2.65% | |
| SIX | D | 2.49% | |
| FUSN | A | 2.47% | |
| AXNX | C | 2.38% | |
| DOOR | A | 2.12% | |
| OLK | D | 1.82% | |
| MGRC | D | 1.11% | |
| VZIO | A | 1.1% | |
| SRCL | B | 0.86% | |
| HAYN | A | 0.8% | |
| SP | B | 0.76% | |
| EVBG | A | 0.74% | |
| HA | C | 0.63% | |
| INBX | C | 0.61% | |
| NS | B | 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 35 Positions Relative to PSL
| Symbol | Grade | Weight | |
|---|---|---|---|
| CHD | A | -4.39% | |
| COST | C | -4.2% | |
| ELF | D | -4.01% | |
| SCI | C | -3.92% | |
| SFM | A | -3.9% | |
| PG | B | -3.57% | |
| KR | A | -3.54% | |
| CASY | A | -3.53% | |
| CELH | D | -3.48% | |
| BRBR | C | -3.2% | |
| USFD | C | -3.16% | |
| PEP | A | -3.15% | |
| HRB | B | -3.07% | |
| COKE | C | -3.05% | |
| TAP | B | -3.03% | |
| KHC | A | -2.96% | |
| MNST | D | -2.87% | |
| FRPT | B | -2.76% | |
| ANDE | A | -2.56% | |
| MDLZ | D | -2.56% | |
| CALM | A | -2.54% | |
| LOPE | C | -2.37% | |
| LRN | D | -2.34% | |
| BFAM | C | -2.28% | |
| PFGC | C | -2.27% | |
| COTY | D | -2.27% | |
| POST | B | -2.25% | |
| LAUR | A | -2.24% | |
| INGR | B | -2.2% | |
| UTI | C | -2.16% | |
| WDFC | D | -2.15% | |
| IPAR | D | -2.13% | |
| STRA | C | -2.01% | |
| PRDO | B | -1.96% | |
| UTZ | B | -1.79% |
MNA: Top Represented Industries & Keywords
PSL: Top Represented Industries & Keywords
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