PYZ vs. MNA ETF Comparison
Comparison of PowerShares Dynamic Basic Materials (PYZ) to IQ Merger Arbitrage ETF (MNA)
PYZ
PowerShares Dynamic Basic Materials
PYZ Description
The PowerShares Dynamic Basic Materials Sector Portfolio (Fund) is based on the Dynamic Basic Materials Sector 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 thoroughly evaluates 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 stocks of 60 US basic materials companies. These are companies that are principally engaged in the business of producing raw materials, including paper or wood products, chemicals, construction materials, and mining and metals. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.
Grade (RS Rating)
Last Trade
$92.84
Average Daily Volume
2,231
50
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
$31.11
Average Daily Volume
58,691
36
Performance
| Period | PYZ | MNA |
|---|---|---|
| 30 Days | 5.47% | 1.10% |
| 60 Days | 4.99% | -0.89% |
| 90 Days | 9.20% | -0.99% |
| 12 Months | 16.33% | 0.78% |
0 Overlapping Holdings
| Symbol | Grade | Weight in PYZ | Weight in MNA | Overlap |
|---|
PYZ Overweight 50 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| AVY | A | 4.31% | |
| STLD | D | 4.18% | |
| RS | D | 3.88% | |
| LYB | C | 3.71% | |
| NUE | F | 3.51% | |
| LIN | D | 3.46% | |
| APD | C | 3.34% | |
| ATI | B | 3.2% | |
| CRS | B | 2.7% | |
| LPX | A | 2.66% | |
| WLK | B | 2.43% | |
| SLVM | A | 2.43% | |
| RPM | D | 2.38% | |
| FCX | B | 2.22% | |
| CTVA | B | 2.16% | |
| IFF | A | 2.12% | |
| CE | C | 2.12% | |
| CBT | B | 2.11% | |
| WOR | D | 2.06% | |
| DOW | C | 2.02% | |
| ECL | A | 2.01% | |
| SUM | D | 1.96% | |
| OLN | D | 1.89% | |
| VVV | D | 1.86% | |
| FMC | B | 1.84% | |
| IP | C | 1.82% | |
| UEC | B | 1.73% | |
| SMG | D | 1.69% | |
| CMC | C | 1.67% | |
| CLF | F | 1.62% | |
| KWR | D | 1.59% | |
| CF | F | 1.51% | |
| CENX | B | 1.49% | |
| ESI | D | 1.44% | |
| HWKN | B | 1.39% | |
| NEU | D | 1.38% | |
| HUN | C | 1.35% | |
| FUL | C | 1.31% | |
| CC | C | 1.28% | |
| MATV | B | 1.27% | |
| SXC | D | 1.21% | |
| AVNT | B | 1.21% | |
| IOSP | C | 1.19% | |
| KALU | B | 1.13% | |
| OI | F | 1.11% | |
| MTX | A | 1.04% | |
| MTRN | F | 1.03% | |
| SCL | C | 0.93% | |
| PCT | F | 0.92% | |
| BCPC | C | 0.91% |
PYZ Underweight 36 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| ANSS | D | -6.4% | |
| X | D | -6.39% | |
| DFS | C | -6.38% | |
| ETRN | B | -6.17% | |
| CTLT | D | -5.57% | |
| JNPR | D | -4.73% | |
| HCP | B | -4.38% | |
| SWAV | A | -4.34% | |
| CPRI | F | -3.95% | |
| CERE | B | -2.81% | |
| AIRC | A | -2.75% | |
| AMED | C | -2.73% | |
| FUSN | A | -2.48% | |
| ALPN | A | -2.47% | |
| AXNX | C | -2.38% | |
| HIBB | A | -2.33% | |
| DOOR | A | -2.15% | |
| CHX | D | -2.1% | |
| WIRE | B | -1.89% | |
| OLK | C | -1.88% | |
| VZIO | D | -1.09% | |
| MGRC | D | -1.08% | |
| SRCL | D | -0.87% | |
| HAYN | D | -0.78% | |
| SP | C | -0.76% | |
| EVBG | B | -0.74% | |
| HA | D | -0.62% | |
| INBX | D | -0.61% | |
| AMK | D | -0.61% | |
| NWLI | A | -0.53% | |
| SLCA | B | -0.41% | |
| MODN | B | -0.38% | |
| TAST | A | -0.37% | |
| DCPH | A | -0.29% | |
| HTLF | A | -0.25% | |
| XOP | B | --6.93% |
PYZ: Top Represented Industries & Keywords
MNA: Top Represented Industries & Keywords
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