TAN vs. MNA ETF Comparison
Comparison of Invesco Solar ETF (TAN) to IQ Merger Arbitrage ETF (MNA)
TAN
Invesco Solar ETF
TAN Description
The investment seeks to track the investment results (before fees and expenses) of the MAC Global Solar Energy Index. The fund will generally invest at least 90% of its total assets in the securities (including American depositary receipts (?ADRs?)) that comprise the index. Strictly in accordance with its guidelines and mandated procedures, MAC Indexing LLC compiles, maintains, and calculates the index, which is designed to track the global solar energy equity sector. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$34.31
Average Daily Volume
1,239,692
16
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
$32.67
Average Daily Volume
49,530
45
Performance
| Period | TAN | MNA |
|---|---|---|
| 30 Days | -9.11% | -0.79% |
| 60 Days | -15.43% | -0.77% |
| 90 Days | -15.70% | 0.40% |
| 12 Months | -24.49% | 6.83% |
1 Overlapping Holdings
| Symbol | Grade | Weight in TAN | Weight in MNA | Overlap | |
|---|---|---|---|---|---|
| AY | A | 2.33% | 2.08% | 2.08% |
TAN Underweight 44 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| DFS | A | -8.94% | |
| CTLT | C | -5.65% | |
| JNPR | D | -5.04% | |
| HCP | B | -4.32% | |
| FYBR | C | -3.64% | |
| MRO | A | -3.5% | |
| SMAR | A | -3.18% | |
| ALTR | B | -3.09% | |
| BALY | A | -2.77% | |
| ALE | A | -2.67% | |
| INST | B | -2.61% | |
| ENV | B | -2.56% | |
| K | B | -2.44% | |
| AXNX | A | -2.37% | |
| IBTX | A | -2.08% | |
| B | A | -2.05% | |
| RCM | A | -1.99% | |
| SPR | D | -1.99% | |
| INFN | C | -1.72% | |
| NAPA | A | -1.58% | |
| EVRI | A | -1.57% | |
| SASR | A | -1.49% | |
| VZIO | A | -1.33% | |
| HTLF | A | -1.27% | |
| FBMS | A | -1.22% | |
| ZUO | A | -1.17% | |
| AGS | A | -0.83% | |
| HAYN | A | -0.75% | |
| PFC | A | -0.65% | |
| GATO | D | -0.43% | |
| RVNC | F | -0.43% | |
| CFB | B | -0.41% | |
| PGRU | A | -0.35% | |
| SRDX | C | -0.26% | |
| BUSE | A | --0.42% | |
| WSBC | A | --0.66% | |
| CDE | D | --1.15% | |
| RNST | A | --1.23% | |
| UMBF | A | --1.29% | |
| AUB | A | --1.51% | |
| BA | F | --1.69% | |
| SSB | A | --2.1% | |
| IP | A | --4.38% | |
| COF | A | --9.54% |
TAN: Top Represented Industries & Keywords
MNA: Top Represented Industries & Keywords
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