PBE vs. MNA ETF Comparison
Comparison of PowerShares Dynamic Biotech & Genome (PBE) to IQ Merger Arbitrage ETF (MNA)
PBE
PowerShares Dynamic Biotech & Genome
PBE Description
The PowerShares Dynamic Biotechnology & Genome Portfolio (Fund) is based on the Dynamic Biotech & Genome IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 30 US biotechnology and genome companies. These are companies that are principally engaged in the research, development, manufacture and marketing and distribution of various biotechnological products, services and processes and companies that benefit significantly from scientific and technological advances biotechnology and genetic engineering and reseach. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.
Grade (RS Rating)
Last Trade
$69.48
Average Daily Volume
6,451
30
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
$32.75
Average Daily Volume
48,345
44
Performance
| Period | PBE | MNA |
|---|---|---|
| 30 Days | 0.09% | -0.33% |
| 60 Days | -3.92% | -0.36% |
| 90 Days | -3.91% | 0.55% |
| 12 Months | 20.96% | 6.67% |
0 Overlapping Holdings
| Symbol | Grade | Weight in PBE | Weight in MNA | Overlap |
|---|
PBE Overweight 30 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| UTHR | C | 5.74% | |
| ILMN | C | 5.64% | |
| ALNY | D | 4.78% | |
| AMGN | F | 4.7% | |
| BIIB | F | 4.21% | |
| NBIX | C | 4.18% | |
| XNCR | B | 3.88% | |
| EXEL | B | 3.86% | |
| TGTX | B | 3.78% | |
| BMRN | F | 3.76% | |
| MNKD | C | 3.7% | |
| NTRA | A | 3.56% | |
| REGN | F | 3.38% | |
| INCY | C | 3.35% | |
| VCYT | B | 3.28% | |
| ACAD | C | 3.06% | |
| CPRX | C | 3.0% | |
| BPMC | B | 2.91% | |
| TECH | F | 2.89% | |
| VCEL | B | 2.79% | |
| OPK | C | 2.78% | |
| RGEN | D | 2.76% | |
| PTGX | D | 2.75% | |
| QGEN | D | 2.59% | |
| BCRX | D | 2.56% | |
| HALO | F | 2.42% | |
| COLL | F | 2.27% | |
| CDNA | D | 1.92% | |
| NVAX | F | 1.83% | |
| MYGN | F | 1.61% |
PBE Underweight 44 Positions Relative to MNA
| 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 | B | -3.2% | |
| ALTR | B | -3.12% | |
| BALY | B | -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% | |
| HAYN | A | -0.77% | |
| PFC | B | -0.65% | |
| GATO | C | -0.41% | |
| 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% | |
| CDE | C | --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% |
PBE: Top Represented Industries & Keywords
MNA: Top Represented Industries & Keywords
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