NRGU vs. MNA ETF Comparison
Comparison of MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) to IQ Merger Arbitrage ETF (MNA)
NRGU
MicroSectors U.S. Big Oil Index 3X Leveraged ETN
NRGU Description
The investment seeks to reflect a 3x leveraged long exposure to the performance of the Solactive MicroSectorsTM U.S. Big Oil Index on a daily basis. The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a three times leveraged participation in the performance of the index, compounded daily, less a Daily Investor Fee, the Daily Financing Charge and, if applicable, the Redemption Fee Amount. The index is an equal-dollar weighted index designed to represent the 10 U.S. listed stocks with the largest market capitalization in the energy/oil sector.
Grade (RS Rating)
Last Trade
$567.82
Average Daily Volume
31,023
10
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
$31.04
Average Daily Volume
56,316
29
Performance
| Period | NRGU | MNA |
|---|---|---|
| 30 Days | -13.58% | -1.68% |
| 60 Days | 18.32% | -1.56% |
| 90 Days | 30.36% | -0.45% |
| 12 Months | 61.48% | -1.13% |
1 Overlapping Holdings
| Symbol | Grade | Weight in NRGU | Weight in MNA | Overlap | |
|---|---|---|---|---|---|
| PXD | A | 10.0% | 7.57% | 7.57% |
NRGU Underweight 28 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| 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% | |
| SIX | D | -2.51% | |
| 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% |
NRGU: Top Represented Industries & Keywords
MNA: Top Represented Industries & Keywords
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