MNA vs. SLX ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to Market Vectors Steel Index ETF Fund (SLX)
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
$31.06
Average Daily Volume
56,743
29
SLX
Market Vectors Steel Index ETF Fund
SLX Description
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Steel Index. The fund normally invests at least 80% of its total assets in common stocks and American depositary receipts ("ADRs") of companies involved in the steel industry. Such companies may include medium-capitalization companies and foreign issuers. The fund may also utilize convertible securities and participation notes to seek performance that corresponds to the Steel Index. It is non-diversified.Grade (RS Rating)
Last Trade
$71.02
Average Daily Volume
17,676
25
Performance
| Period | MNA | SLX |
|---|---|---|
| 30 Days | -1.51% | -2.28% |
| 60 Days | -1.29% | 0.70% |
| 90 Days | 0.11% | 2.84% |
| 12 Months | -0.95% | 27.60% |
1 Overlapping Holdings
| Symbol | Grade | Weight in MNA | Weight in SLX | Overlap | |
|---|---|---|---|---|---|
| X | F | 6.23% | 4.18% | 4.18% |
MNA Overweight 28 Positions Relative to SLX
| Symbol | Grade | Weight | |
|---|---|---|---|
| HES | B | 7.4% | |
| PXD | B | 7.39% | |
| DFS | B | 6.45% | |
| ANSS | D | 6.37% | |
| 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 24 Positions Relative to SLX
| Symbol | Grade | Weight | |
|---|---|---|---|
| RIO | A | -10.92% | |
| VALE | D | -8.2% | |
| CRS | A | -6.63% | |
| NUE | D | -5.93% | |
| HCC | B | -5.34% | |
| ATI | B | -5.15% | |
| MT | D | -4.8% | |
| STLD | D | -4.62% | |
| CMC | C | -4.59% | |
| GGB | D | -4.56% | |
| TX | B | -4.47% | |
| RS | D | -4.41% | |
| PKX | F | -4.38% | |
| TS | F | -4.22% | |
| SID | D | -3.99% | |
| CLF | F | -3.83% | |
| ROCK | D | -2.23% | |
| WS | C | -1.66% | |
| RDUS | F | -1.0% | |
| SXC | D | -0.87% | |
| ASTL | D | -0.82% | |
| RYI | F | -0.81% | |
| USAP | A | -0.77% | |
| ZEUS | F | -0.73% |
MNA: Top Represented Industries & Keywords
SLX: Top Represented Industries & Keywords
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