SMCX vs. MNA ETF Comparison

Comparison of Defiance Daily Target 2X Long SMCI ETF (SMCX) to IQ Merger Arbitrage ETF (MNA)

SMCX

Defiance Daily Target 2X Long SMCI ETF

SMCX Description

The fund is an actively managed exchange traded fund ("ETF") that attempts to achieve two times (200%) the daily percentage change in the share price of the underlying security by entering into swap agreements on the underlying security. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$44.46

Average Daily Volume

548,249

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$32.77

Average Daily Volume

48,164

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMCX	MNA
30 Days	-75.54%	-0.36%
60 Days	-76.87%	-0.40%
90 Days	-88.50%	0.52%
12 Months		6.64%

0 Overlapping Holdings

	Symbol	Grade	Weight in SMCX	Weight in MNA	Overlap

SMCX Overweight 1 Positions Relative to MNA

	Symbol	Grade	Weight
	SMCI	F	5.05%

SMCX 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	A	-3.2%
ALTR	B	-3.12%
BALY	A	-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%

SMCX: Top Represented Industries & Keywords

Industries: Computer Hardware

Keywords: Cloud Computing Computing Converged Storage Customer Support Services Data Center Nasdaq 100 S&P 500 Security Software Server Server Hardware Storage Solution Storage Systems