MNA vs. UTRN ETF Comparison

Comparison of IQ Merger Arbitrage ETF (MNA) to Vesper US Large Cap Short-Term Reversal Strategy ETF (UTRN)
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

$32.83

Average Daily Volume

52,891

Number of Holdings *

44

* may have additional holdings in another (foreign) market
UTRN

Vesper US Large Cap Short-Term Reversal Strategy ETF

UTRN Description The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Vesper U.S. Large Cap Short-Term Reversal Index (the 'index'). The fund will normally invest at least 80% of its total assets in securities of the index. The index is designed to measure the performance of a portfolio of 25 stocks selected from the S&P 500 that Vesper Capital Management, LLC believes will most likely benefit from the "short-term reversal" effect, as determined by applying a proprietary algorithm ("Chow's Ratio" or "Algorithm").

Grade (RS Rating)

Last Trade

$30.57

Average Daily Volume

1,563

Number of Holdings *

25

* may have additional holdings in another (foreign) market
Performance
Period MNA UTRN
30 Days -0.36% 0.74%
60 Days 0.31% 3.86%
90 Days 2.05% 10.29%
12 Months 5.88% 39.44%
1 Overlapping Holdings
Symbol Grade Weight in MNA Weight in UTRN Overlap
CTLT D 5.72% 4.03% 4.03%
MNA Overweight 43 Positions Relative to UTRN
Symbol Grade Weight
DFS A 7.23%
JNPR A 5.11%
HCP A 4.32%
FYBR A 3.74%
SHV A 3.27%
MRO C 3.25%
SMAR A 3.2%
SRCL A 2.81%
BALY A 2.75%
ALE A 2.67%
INST A 2.62%
ENV A 2.57%
K A 2.46%
AXNX A 2.38%
SPR C 2.13%
AY A 2.08%
RCM A 2.0%
IBTX B 1.82%
INFN B 1.75%
EVRI A 1.58%
SRCL A 1.46%
VZIO C 1.33%
HTLF A 1.08%
FBMS B 1.04%
PETQ A 0.85%
AGS A 0.83%
HAYN A 0.75%
PFC A 0.55%
GATO B 0.51%
RVNC C 0.4%
CFB D 0.37%
PGRU A 0.35%
SRDX D 0.26%
CLF C -0.26%
BUSE D -0.38%
FA D -0.46%
WSBC A -0.56%
RNST B -1.05%
UMBF A -1.1%
SSB B -1.83%
BA F -1.85%
IP A -3.56%
COF A -7.9%
MNA Underweight 24 Positions Relative to UTRN
Symbol Grade Weight
TYL A -4.2%
STE D -4.11%
HUBB B -4.05%
ROK B -4.04%
JCI B -4.02%
NWSA A -4.02%
AMCR D -4.02%
CMI B -4.02%
NWS A -4.02%
MET C -4.01%
ACGL F -4.0%
EMN C -4.0%
AME A -4.0%
XOM C -3.99%
TT C -3.98%
ITW A -3.98%
FTV F -3.98%
IR C -3.98%
IEX A -3.97%
WM A -3.95%
IFF D -3.95%
RSG D -3.95%
ZBRA A -3.94%
CARR D -3.64%
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