MNA vs. QVAL ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to ValueShares U.S. Quantitative Value ETF (QVAL)
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
$31.14
Average Daily Volume
56,743
29
QVAL
ValueShares U.S. Quantitative Value ETF
QVAL Description
The investment seeks long-term capital appreciation. The fund is an actively managed ETF. Under normal circumstances, it seeks to achieve its investment objective by investing primarily in U.S. equity securities that the Adviser believes, based on quantitative analysis, are undervalued at the time of purchase and have the potential for capital appreciation. The fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in securities of U.S. companies. It will invest primarily in the exchange-listed common stock of U.S. companies. The fund is non-diversified.Grade (RS Rating)
Last Trade
$43.50
Average Daily Volume
23,579
49
Performance
| Period | MNA | QVAL |
|---|---|---|
| 30 Days | -1.51% | -3.68% |
| 60 Days | -1.29% | 3.00% |
| 90 Days | 0.11% | 6.31% |
| 12 Months | -0.95% | 39.09% |
0 Overlapping Holdings
| Symbol | Grade | Weight in MNA | Weight in QVAL | Overlap |
|---|
MNA Overweight 29 Positions Relative to QVAL
| Symbol | Grade | Weight | |
|---|---|---|---|
| HES | B | 7.4% | |
| PXD | B | 7.39% | |
| DFS | B | 6.45% | |
| ANSS | D | 6.37% | |
| X | F | 6.23% | |
| ETRN | A | 6.13% | |
| CTLT | C | 5.62% | |
| JNPR | D | 4.83% | |
| CPRI | F | 3.84% | |
| CERE | A | 2.88% | |
| AMED | D | 2.7% | |
| FUSN | A | 2.51% | |
| SIX | D | 2.49% | |
| AXNX | C | 2.39% | |
| DOOR | A | 2.18% | |
| OLK | D | 1.84% | |
| VZIO | D | 1.12% | |
| MGRC | D | 1.06% | |
| SRCL | F | 0.86% | |
| HAYN | C | 0.81% | |
| SP | B | 0.77% | |
| EVBG | B | 0.75% | |
| NS | D | 0.65% | |
| HA | D | 0.61% | |
| INBX | D | 0.61% | |
| NWLI | A | 0.53% | |
| TAST | A | 0.37% | |
| XT | C | -0.25% | |
| XOP | C | -6.21% |
MNA Underweight 49 Positions Relative to QVAL
| Symbol | Grade | Weight | |
|---|---|---|---|
| UTHR | A | -2.2% | |
| THC | A | -2.13% | |
| KBH | B | -2.03% | |
| BG | C | -2.02% | |
| CMCSA | F | -2.02% | |
| TEX | D | -2.02% | |
| T | C | -2.02% | |
| MO | A | -2.02% | |
| UHS | C | -2.02% | |
| SNA | D | -2.01% | |
| TOL | C | -2.01% | |
| IPG | F | -2.01% | |
| CRI | F | -2.01% | |
| MTCH | D | -2.01% | |
| CSCO | F | -2.01% | |
| ELV | B | -2.01% | |
| INSW | A | -2.01% | |
| GPK | C | -2.01% | |
| OMC | B | -2.01% | |
| PVH | D | -2.01% | |
| ULTA | F | -2.01% | |
| ALSN | D | -2.01% | |
| MOH | F | -2.01% | |
| TMHC | C | -2.0% | |
| UFPI | C | -2.0% | |
| OC | A | -2.0% | |
| AMR | D | -1.99% | |
| ATKR | B | -1.99% | |
| HPQ | D | -1.99% | |
| AGCO | F | -1.98% | |
| ARW | B | -1.98% | |
| ANF | C | -1.98% | |
| LEA | F | -1.98% | |
| DINO | F | -1.98% | |
| ARCH | D | -1.97% | |
| CROX | D | -1.97% | |
| BBY | D | -1.96% | |
| SIG | C | -1.95% | |
| JBL | F | -1.95% | |
| PBF | C | -1.95% | |
| VLO | C | -1.95% | |
| SM | B | -1.94% | |
| CRC | F | -1.94% | |
| CEIX | F | -1.94% | |
| WFRD | B | -1.93% | |
| APA | F | -1.93% | |
| HAL | F | -1.93% | |
| LBRT | B | -1.89% | |
| CVI | F | -1.88% |
MNA: Top Represented Industries & Keywords
QVAL: Top Represented Industries & Keywords
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