SIXS vs. MNA ETF Comparison
Comparison of 6 Meridian Small Cap Equity ETF (SIXS) to IQ Merger Arbitrage ETF (MNA)
SIXS
6 Meridian Small Cap Equity ETF
SIXS Description
The investment seeks to provide capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in small-capitalization equity securities. The Sub-Adviser considers small-capitalization companies to be the smallest 75% of stocks included in the Russell 3000 Index by market capitalization. Although it invests primarily in small-capitalization securities, the fund may invest in equity securities of companies of any capitalization. The equity securities in which it invests are mainly common stocks.
Grade (RS Rating)
Last Trade
$45.38
Average Daily Volume
3,125
80
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
$30.79
Average Daily Volume
51,686
32
Performance
| Period | SIXS | MNA |
|---|---|---|
| 30 Days | -2.01% | -2.13% |
| 60 Days | -1.82% | -1.63% |
| 90 Days | -2.27% | -1.85% |
| 12 Months | 13.79% | -1.70% |
0 Overlapping Holdings
| Symbol | Grade | Weight in SIXS | Weight in MNA | Overlap |
|---|
SIXS Overweight 80 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| CALM | B | 2.49% | |
| COLL | C | 2.29% | |
| INVA | C | 2.28% | |
| PRDO | B | 2.28% | |
| EIG | C | 2.18% | |
| SM | A | 1.32% | |
| HCI | A | 1.32% | |
| HCC | A | 1.29% | |
| VRRM | A | 1.28% | |
| SLCA | A | 1.28% | |
| RGR | B | 1.26% | |
| HP | B | 1.25% | |
| ANDE | A | 1.24% | |
| NPK | A | 1.24% | |
| WRLD | A | 1.24% | |
| ZEUS | C | 1.23% | |
| GDEN | F | 1.21% | |
| CVI | D | 1.21% | |
| RES | D | 1.2% | |
| MLI | A | 1.19% | |
| DNOW | A | 1.19% | |
| CRC | A | 1.18% | |
| BRC | A | 1.18% | |
| UVV | A | 1.18% | |
| OGN | B | 1.17% | |
| CTRE | A | 1.17% | |
| AVA | A | 1.17% | |
| CLW | C | 1.17% | |
| GRBK | C | 1.17% | |
| CORT | F | 1.16% | |
| AEL | A | 1.16% | |
| SAFT | D | 1.16% | |
| CRVL | C | 1.16% | |
| SPNT | C | 1.14% | |
| NSIT | C | 1.14% | |
| JBSS | C | 1.13% | |
| SMPL | C | 1.13% | |
| GTY | B | 1.13% | |
| LQDT | D | 1.12% | |
| WNC | D | 1.12% | |
| PFBC | A | 1.12% | |
| VRTS | C | 1.12% | |
| PRGS | F | 1.12% | |
| ATEN | B | 1.12% | |
| NWN | A | 1.12% | |
| HRMY | F | 1.11% | |
| CCRN | D | 1.11% | |
| WABC | C | 1.11% | |
| MMSI | C | 1.11% | |
| AX | B | 1.11% | |
| ATGE | D | 1.11% | |
| PRG | A | 1.11% | |
| PBH | C | 1.11% | |
| TR | D | 1.1% | |
| PMT | B | 1.1% | |
| HAFC | C | 1.1% | |
| JJSF | F | 1.1% | |
| ENVA | B | 1.09% | |
| NHC | C | 1.09% | |
| PLAB | C | 1.09% | |
| LRN | B | 1.09% | |
| SPTN | F | 1.09% | |
| AMBC | D | 1.09% | |
| ENSG | C | 1.09% | |
| AMSF | F | 1.08% | |
| HSTM | C | 1.08% | |
| WOR | D | 1.08% | |
| SCSC | C | 1.08% | |
| PARR | D | 1.07% | |
| MHO | C | 1.06% | |
| PCRX | F | 1.06% | |
| TWI | F | 1.06% | |
| BKE | D | 1.05% | |
| MCS | D | 1.04% | |
| MOV | D | 1.04% | |
| WDFC | D | 1.04% | |
| FIZZ | F | 1.01% | |
| CCOI | D | 0.99% | |
| ALKS | D | 0.94% | |
| OSUR | F | 0.87% |
SIXS Underweight 32 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| PXD | A | -7.33% | |
| HES | A | -7.07% | |
| X | F | -6.79% | |
| ANSS | C | -6.42% | |
| DFS | A | -6.26% | |
| ETRN | A | -5.74% | |
| CTLT | C | -5.56% | |
| JNPR | C | -4.99% | |
| MDC | A | -4.46% | |
| CPRI | F | -4.23% | |
| CERE | A | -2.78% | |
| AMED | D | -2.65% | |
| SIX | D | -2.49% | |
| FUSN | A | -2.47% | |
| AXNX | C | -2.38% | |
| DOOR | A | -2.12% | |
| OLK | C | -1.82% | |
| MGRC | D | -1.11% | |
| VZIO | B | -1.1% | |
| SRCL | D | -0.86% | |
| HAYN | A | -0.8% | |
| SP | C | -0.76% | |
| EVBG | A | -0.74% | |
| HA | D | -0.63% | |
| INBX | D | -0.61% | |
| NS | C | -0.59% | |
| NWLI | A | -0.52% | |
| KAMN | A | -0.49% | |
| NGMS | A | -0.42% | |
| TAST | A | -0.37% | |
| XT | D | --0.24% | |
| XOP | A | --6.49% |
SIXS: Top Represented Industries & Keywords
MNA: Top Represented Industries & Keywords
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