MNA vs. UDI ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to USCF Dividend Income Fund (UDI)
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
$31.17
Average Daily Volume
54,429
29
UDI
USCF Dividend Income Fund
UDI Description
USCF ESG Dividend Income Fund is an exchange traded fund launched and managed by USCF Advisers LLC. It is co-managed by Miller/Howard Investments, Inc. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. It employs fundamental and quantitative analysis with bottom-up stock picking approach to create its portfolio. The fund does not invest in stocks of companies operating across tobacco, firearms, controversial weapons, human rights violations or environmental abuses sectors. USCF ESG Dividend Income Fund is domiciled in the United States.Grade (RS Rating)
Last Trade
$26.78
Average Daily Volume
18
31
Performance
| Period | MNA | UDI |
|---|---|---|
| 30 Days | -0.23% | -0.43% |
| 60 Days | -1.09% | -0.09% |
| 90 Days | 0.64% | 2.84% |
| 12 Months | -1.09% | 11.60% |
0 Overlapping Holdings
| Symbol | Grade | Weight in MNA | Weight in UDI | Overlap |
|---|
MNA Overweight 29 Positions Relative to UDI
| Symbol | Grade | Weight | |
|---|---|---|---|
| HES | B | 7.4% | |
| PXD | B | 7.39% | |
| DFS | B | 6.45% | |
| ANSS | D | 6.37% | |
| X | D | 6.23% | |
| ETRN | B | 6.13% | |
| CTLT | D | 5.62% | |
| JNPR | D | 4.83% | |
| CPRI | F | 3.84% | |
| CERE | B | 2.88% | |
| AMED | D | 2.7% | |
| FUSN | A | 2.51% | |
| SIX | C | 2.49% | |
| AXNX | C | 2.39% | |
| DOOR | A | 2.18% | |
| OLK | D | 1.84% | |
| VZIO | D | 1.12% | |
| MGRC | D | 1.06% | |
| SRCL | D | 0.86% | |
| HAYN | C | 0.81% | |
| SP | C | 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 | D | -0.25% | |
| XOP | B | -6.21% |
MNA Underweight 31 Positions Relative to UDI
| Symbol | Grade | Weight | |
|---|---|---|---|
| JPM | B | -5.32% | |
| JNJ | F | -4.58% | |
| KO | A | -4.44% | |
| PAYX | D | -4.24% | |
| ORI | A | -4.09% | |
| GS | A | -4.0% | |
| TXN | A | -3.91% | |
| ABBV | D | -3.85% | |
| JEF | B | -3.57% | |
| BK | A | -3.53% | |
| CMCSA | F | -3.48% | |
| CSCO | F | -3.47% | |
| MDT | D | -3.38% | |
| GILD | F | -3.33% | |
| HST | D | -3.24% | |
| IPG | F | -3.24% | |
| EWBC | A | -2.76% | |
| MRK | B | -2.75% | |
| LAMR | B | -2.7% | |
| AVGO | C | -2.52% | |
| CME | D | -2.46% | |
| ASB | A | -2.4% | |
| MSM | F | -2.28% | |
| BAC | B | -2.27% | |
| STAG | D | -1.97% | |
| OMC | B | -1.85% | |
| SON | C | -1.82% | |
| PFE | D | -1.74% | |
| CAH | F | -1.46% | |
| CPT | B | -1.23% | |
| MAA | B | -1.2% |
MNA: Top Represented Industries & Keywords
UDI: Top Represented Industries & Keywords
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