MNA vs. XME ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to SPDR S&P Metals & Mining ETF (XME)
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
$32.77
Average Daily Volume
48,164
44
XME
SPDR S&P Metals & Mining ETF
XME Description
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the metals and mining segment of a U.S. total market composite index. In seeking to track the performance of the S&P Metals & Mining Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the metals and mining industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.Grade (RS Rating)
Last Trade
$68.18
Average Daily Volume
1,657,331
36
Performance
| Period | MNA | XME |
|---|---|---|
| 30 Days | -0.36% | 3.51% |
| 60 Days | -0.40% | 13.12% |
| 90 Days | 0.52% | 14.21% |
| 12 Months | 6.64% | 29.43% |
MNA Overweight 41 Positions Relative to XME
| Symbol | Grade | Weight | |
|---|---|---|---|
| DFS | B | 8.65% | |
| CTLT | C | 5.63% | |
| JNPR | D | 4.99% | |
| HCP | B | 4.36% | |
| FYBR | C | 3.64% | |
| MRO | B | 3.51% | |
| SMAR | A | 3.2% | |
| ALTR | B | 3.12% | |
| BALY | A | 2.82% | |
| ALE | A | 2.69% | |
| ENV | B | 2.59% | |
| K | A | 2.47% | |
| AXNX | A | 2.39% | |
| AY | A | 2.1% | |
| B | A | 2.08% | |
| IBTX | B | 2.04% | |
| RCM | A | 2.01% | |
| SPR | D | 1.97% | |
| INFN | D | 1.72% | |
| NAPA | A | 1.6% | |
| EVRI | A | 1.59% | |
| SASR | B | 1.5% | |
| VZIO | A | 1.31% | |
| HTLF | B | 1.25% | |
| FBMS | B | 1.19% | |
| ZUO | B | 1.18% | |
| AGS | A | 0.84% | |
| PFC | B | 0.65% | |
| CFB | B | 0.4% | |
| PGRU | A | 0.35% | |
| RVNC | F | 0.32% | |
| SRDX | B | 0.27% | |
| BUSE | B | -0.42% | |
| WSBC | B | -0.66% | |
| RNST | B | -1.2% | |
| UMBF | B | -1.28% | |
| AUB | B | -1.5% | |
| BA | F | -1.63% | |
| SSB | B | -2.03% | |
| IP | A | -4.24% | |
| COF | C | -9.37% |
MNA Underweight 33 Positions Relative to XME
| Symbol | Grade | Weight | |
|---|---|---|---|
| AA | A | -5.41% | |
| STLD | B | -5.22% | |
| CRS | B | -5.16% | |
| HCC | B | -4.9% | |
| CMC | B | -4.89% | |
| RS | B | -4.76% | |
| BTU | B | -4.58% | |
| CEIX | A | -4.45% | |
| NUE | C | -4.35% | |
| FCX | F | -4.33% | |
| X | B | -4.31% | |
| CLF | F | -4.11% | |
| ARCH | B | -3.99% | |
| UEC | B | -3.93% | |
| ATI | C | -3.88% | |
| RGLD | C | -3.84% | |
| AMR | C | -3.71% | |
| HL | D | -3.51% | |
| NEM | D | -3.23% | |
| MP | C | -2.69% | |
| CENX | B | -1.46% | |
| LEU | C | -1.44% | |
| KALU | C | -1.25% | |
| MTRN | C | -1.15% | |
| SXC | A | -0.98% | |
| RYI | C | -0.92% | |
| IE | C | -0.77% | |
| WS | B | -0.75% | |
| MTUS | C | -0.53% | |
| METC | C | -0.48% | |
| MUX | D | -0.44% | |
| RDUS | B | -0.4% | |
| ZEUS | C | -0.4% |
MNA: Top Represented Industries & Keywords
XME: Top Represented Industries & Keywords
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