QTEC vs. MNA ETF Comparison
Comparison of First Trust NASDAQ-100- Technology Index Fund (QTEC) to IQ Merger Arbitrage ETF (MNA)
QTEC
First Trust NASDAQ-100- Technology Index Fund
QTEC Description
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ-100 Technology Sector Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is an equal-weighted index based on the securities of the NASDAQ-100 Index(R) that are classified as "technology" according to the Industry Classification Benchmark classification system. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$190.68
Average Daily Volume
120,105
41
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
$31.48
Average Daily Volume
43,948
36
Performance
Period | QTEC | MNA |
---|---|---|
30 Days | 0.63% | 0.51% |
60 Days | 4.72% | 0.35% |
90 Days | 8.67% | 0.22% |
12 Months | 50.91% | 1.43% |
1 Overlapping Holdings
Symbol | Grade | Weight in QTEC | Weight in MNA | Overlap | |
---|---|---|---|---|---|
ANSS | B | 2.57% | 4.45% | 2.57% |
QTEC Overweight 40 Positions Relative to MNA
Symbol | Grade | Weight | |
---|---|---|---|
MU | B | 2.85% | |
SNPS | C | 2.65% | |
AVGO | B | 2.64% | |
CDNS | B | 2.62% | |
LRCX | B | 2.61% | |
AMAT | B | 2.57% | |
ASML | C | 2.55% | |
DASH | B | 2.54% | |
META | B | 2.54% | |
KLAC | B | 2.53% | |
CRWD | C | 2.53% | |
ADSK | C | 2.53% | |
NVDA | B | 2.52% | |
INTU | C | 2.52% | |
NXPI | C | 2.51% | |
CDW | A | 2.51% | |
ADBE | F | 2.51% | |
WDAY | D | 2.5% | |
MSFT | A | 2.5% | |
FTNT | C | 2.49% | |
PANW | D | 2.47% | |
DDOG | D | 2.47% | |
ZS | D | 2.47% | |
QCOM | B | 2.47% | |
TEAM | F | 2.46% | |
ROP | B | 2.46% | |
GFS | F | 2.45% | |
ON | D | 2.45% | |
MDB | F | 2.45% | |
MCHP | C | 2.43% | |
ADI | C | 2.42% | |
TXN | C | 2.42% | |
INTC | D | 2.41% | |
MRVL | D | 2.41% | |
AAPL | F | 2.4% | |
PDD | D | 2.39% | |
CTSH | D | 2.33% | |
AMD | C | 2.26% | |
GOOGL | B | 1.27% | |
GOOG | B | 1.27% |
QTEC Underweight 35 Positions Relative to MNA
Symbol | Grade | Weight | |
---|---|---|---|
WRK | B | -6.73% | |
PXD | A | -6.27% | |
HES | C | -6.12% | |
X | D | -5.06% | |
SHV | A | -4.8% | |
CPRI | F | -4.53% | |
BIL | B | -4.52% | |
DFS | B | -4.07% | |
MDC | A | -3.18% | |
JNPR | C | -3.06% | |
CTLT | C | -2.59% | |
AMED | F | -2.49% | |
SIX | C | -2.46% | |
CERE | B | -2.16% | |
CBAY | A | -1.91% | |
OLK | C | -1.81% | |
DOOR | A | -1.79% | |
WH | D | -1.61% | |
AXNX | B | -1.38% | |
CPE | C | -1.05% | |
PGTI | A | -0.73% | |
SP | B | -0.71% | |
EVBG | B | -0.69% | |
VZIO | C | -0.67% | |
NS | B | -0.63% | |
HA | D | -0.58% | |
INBX | D | -0.5% | |
NWLI | A | -0.49% | |
EGLE | A | -0.48% | |
KAMN | A | -0.45% | |
DSKE | A | -0.41% | |
NGMS | B | -0.38% | |
CATC | C | -0.34% | |
MGRC | D | -0.3% | |
XOP | B | --1.26% |
QTEC: Top Represented Industries & Keywords
MNA: Top Represented Industries & Keywords