PSCM vs. MNA ETF Comparison
Comparison of PowerShares S&P SmallCap Materials Portfolio (PSCM) to IQ Merger Arbitrage ETF (MNA)
PSCM
PowerShares S&P SmallCap Materials Portfolio
PSCM Description
The PowerShares S&P SmallCap Materials Portfolio (Fund) is based on the S&P SmallCap 600® Capped Materials Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to measure the overall performance of common stocks of US basic materials companies. These companies are principally engaged in the business of producing raw materials, including paper or wood products, chemicals, construction materials, and mining and metals. The Index is a subset of the S&P SmallCap 600® Index, which is a float-adjusted, market-capitalization-weighted index reflecting the US small-cap market. The Fund and the Index are rebalanced and reconstituted quarterly.
Grade (RS Rating)
Last Trade
$83.24
Average Daily Volume
1,030
29
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
$32.78
Average Daily Volume
48,345
44
Performance
| Period | PSCM | MNA |
|---|---|---|
| 30 Days | 7.42% | -0.33% |
| 60 Days | 7.43% | -0.36% |
| 90 Days | 6.44% | 0.55% |
| 12 Months | 29.15% | 6.67% |
1 Overlapping Holdings
| Symbol | Grade | Weight in PSCM | Weight in MNA | Overlap | |
|---|---|---|---|---|---|
| HAYN | A | 1.03% | 0.77% | 0.77% |
PSCM Overweight 28 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| CRS | B | 11.9% | |
| ATI | C | 9.4% | |
| BCPC | B | 7.64% | |
| SEE | C | 6.77% | |
| FUL | F | 5.4% | |
| HCC | B | 4.67% | |
| SXT | C | 4.27% | |
| ARCH | B | 4.0% | |
| SLVM | B | 3.92% | |
| IOSP | C | 3.88% | |
| AMR | C | 3.53% | |
| MTX | B | 3.44% | |
| HWKN | B | 3.15% | |
| MTRN | C | 3.13% | |
| KWR | C | 3.07% | |
| MP | C | 2.99% | |
| OI | C | 2.58% | |
| NGVT | B | 2.23% | |
| SCL | C | 2.12% | |
| WS | C | 2.0% | |
| KALU | C | 1.69% | |
| CENX | B | 1.53% | |
| SXC | A | 1.39% | |
| KOP | C | 1.06% | |
| ASIX | B | 1.05% | |
| MATV | D | 0.9% | |
| MTUS | C | 0.73% | |
| MYE | F | 0.55% |
PSCM Underweight 43 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% | |
| 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% |
PSCM: Top Represented Industries & Keywords
MNA: Top Represented Industries & Keywords
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