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
$31.06
Average Daily Volume
53,076
29
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
$26.24
Average Daily Volume
971
24
Performance
| Period | MNA | UTRN |
|---|---|---|
| 30 Days | -0.49% | 3.84% |
| 60 Days | -1.78% | 2.03% |
| 90 Days | -0.75% | 8.79% |
| 12 Months | -0.76% | 10.76% |
0 Overlapping Holdings
| Symbol | Grade | Weight in MNA | Weight in UTRN | Overlap |
|---|
MNA Overweight 29 Positions Relative to UTRN
| Symbol | Grade | Weight | |
|---|---|---|---|
| HES | B | 7.4% | |
| PXD | B | 7.39% | |
| DFS | C | 6.45% | |
| ANSS | D | 6.37% | |
| X | D | 6.23% | |
| ETRN | C | 6.13% | |
| CTLT | D | 5.62% | |
| JNPR | D | 4.83% | |
| CPRI | F | 3.84% | |
| CERE | C | 2.88% | |
| AMED | A | 2.7% | |
| FUSN | A | 2.51% | |
| SIX | C | 2.49% | |
| AXNX | D | 2.39% | |
| DOOR | A | 2.18% | |
| OLK | C | 1.84% | |
| VZIO | D | 1.12% | |
| MGRC | D | 1.06% | |
| SRCL | D | 0.86% | |
| HAYN | D | 0.81% | |
| SP | B | 0.77% | |
| EVBG | D | 0.75% | |
| NS | D | 0.65% | |
| HA | C | 0.61% | |
| INBX | D | 0.61% | |
| NWLI | A | 0.53% | |
| TAST | A | 0.37% | |
| XT | D | -0.25% | |
| XOP | D | -6.21% |
MNA Underweight 24 Positions Relative to UTRN
| Symbol | Grade | Weight | |
|---|---|---|---|
| FIS | A | -4.14% | |
| CNC | C | -4.1% | |
| WDAY | F | -4.06% | |
| ARES | A | -4.06% | |
| NKE | F | -4.06% | |
| CTSH | D | -4.03% | |
| DOX | F | -4.02% | |
| TGT | D | -4.02% | |
| MCO | A | -4.02% | |
| BRK.A | C | -4.01% | |
| EPAM | F | -4.01% | |
| WFC | A | -4.01% | |
| BRO | B | -4.0% | |
| JBHT | D | -4.0% | |
| NVR | D | -4.0% | |
| ACN | D | -3.99% | |
| MA | D | -3.99% | |
| CME | D | -3.98% | |
| BSX | A | -3.98% | |
| EQIX | D | -3.96% | |
| PGR | A | -3.94% | |
| ICE | D | -3.92% | |
| ALL | B | -3.92% | |
| AME | D | -3.73% |
MNA: Top Represented Industries & Keywords
UTRN: Top Represented Industries & Keywords
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