MNA vs. XHYC ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF (XHYC)
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
$30.93
Average Daily Volume
56,316
29
XHYC
BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF
XHYC Description
The BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds in the consumer cyclicals sector. The Fund is newly organized, non-diversified and seeks to track the investment results of the ICE Diversified US Cash Pay High Yield Consumer Cyclical Index, which is a rules-based index consisting of U.S. dollar-denominated below investment grade bonds that contains issuers from the consumer cyclicals sector (companies whose performance is generally more closely connected to the business cycle and current economic conditions), including the automotive, leisure, real estate development & management, department stores, and specialty retail subsectors. The performance of securities in this sector, in the aggregate, may exhibit greater volatility in response to macroeconomic or systematic changes in the overall economy.Grade (RS Rating)
Last Trade
$36.77
Average Daily Volume
13,788
57
Performance
| Period | MNA | XHYC |
|---|---|---|
| 30 Days | -1.68% | -0.67% |
| 60 Days | -1.56% | 0.65% |
| 90 Days | -0.45% | 0.54% |
| 12 Months | -1.13% | 10.81% |
1 Overlapping Holdings
| Symbol | Grade | Weight in MNA | Weight in XHYC | Overlap | |
|---|---|---|---|---|---|
| SIX | D | 2.51% | 0.5% | 0.5% |
MNA Overweight 28 Positions Relative to XHYC
| Symbol | Grade | Weight | |
|---|---|---|---|
| PXD | A | 7.57% | |
| HES | A | 7.48% | |
| DFS | B | 6.7% | |
| ANSS | D | 6.47% | |
| ETRN | B | 6.26% | |
| X | F | 6.13% | |
| CTLT | C | 5.59% | |
| JNPR | C | 4.87% | |
| CPRI | F | 3.83% | |
| CERE | A | 2.81% | |
| AMED | D | 2.66% | |
| FUSN | A | 2.5% | |
| AXNX | B | 2.37% | |
| DOOR | A | 2.15% | |
| OLK | C | 1.81% | |
| VZIO | C | 1.12% | |
| MGRC | D | 1.07% | |
| SRCL | F | 0.87% | |
| HAYN | A | 0.8% | |
| SP | A | 0.76% | |
| EVBG | A | 0.75% | |
| NS | C | 0.65% | |
| INBX | C | 0.61% | |
| HA | C | 0.59% | |
| NWLI | A | 0.53% | |
| TAST | A | 0.37% | |
| XT | D | -0.24% | |
| XOP | B | -6.52% |
MNA Underweight 56 Positions Relative to XHYC
| Symbol | Grade | Weight | |
|---|---|---|---|
| HBI | F | -0.9% | |
| KW | B | -0.85% | |
| BBWI | D | -0.77% | |
| GPS | D | -0.68% | |
| CHDN | A | -0.66% | |
| SAH | A | -0.6% | |
| BALY | B | -0.59% | |
| CCL | F | -0.57% | |
| NMG | F | -0.53% | |
| CRI | F | -0.52% | |
| ADNT | D | -0.5% | |
| ABG | D | -0.49% | |
| RCL | A | -0.49% | |
| RRR | D | -0.48% | |
| CZR | F | -0.48% | |
| TNL | D | -0.48% | |
| VAC | B | -0.48% | |
| CVNA | B | -0.44% | |
| CASH | B | -0.43% | |
| CWK | C | -0.4% | |
| PK | D | -0.4% | |
| FPH | F | -0.39% | |
| BYD | F | -0.38% | |
| GT | D | -0.37% | |
| AMC | F | -0.37% | |
| WH | D | -0.37% | |
| DAN | B | -0.36% | |
| GPI | A | -0.36% | |
| AXL | B | -0.35% | |
| NCLH | F | -0.35% | |
| JWN | B | -0.35% | |
| PENN | F | -0.35% | |
| F | D | -0.35% | |
| ALSN | D | -0.34% | |
| CROX | D | -0.34% | |
| CNK | D | -0.27% | |
| HLT | C | -0.26% | |
| LYV | D | -0.26% | |
| MTN | F | -0.26% | |
| GIII | C | -0.26% | |
| FUN | D | -0.25% | |
| IGT | F | -0.25% | |
| MGM | F | -0.25% | |
| LAD | F | -0.25% | |
| LIND | D | -0.25% | |
| UA | F | -0.25% | |
| EVRI | F | -0.25% | |
| VSCO | D | -0.24% | |
| LEVI | A | -0.24% | |
| FL | F | -0.24% | |
| PAG | D | -0.24% | |
| THO | F | -0.23% | |
| WWW | A | -0.23% | |
| M | D | -0.2% | |
| CPS | B | -0.17% | |
| FLL | D | -0.13% |
MNA: Top Represented Industries & Keywords
XHYC: Top Represented Industries & Keywords
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