UMI vs. MNA ETF Comparison
Comparison of USCF Midstream Energy Income Fund (UMI) to IQ Merger Arbitrage ETF (MNA)
UMI
USCF Midstream Energy Income Fund
UMI Description
The investment seeks a high level of current income; as a secondary objective, the fund seeks capital appreciation. The fund will seek to achieve its investment objectives by investing, under normal market conditions, at least 80% of its net assets in equity securities of U.S. and Canadian companies of any market capitalization deemed by the Sub-Adviser to be engaged in the midstream energy sector. It will invest more than 25% of the value of its total assets in the energy, oil, and gas industries. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$40.99
Average Daily Volume
10,520
17
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
$31.18
Average Daily Volume
43,787
44
Performance
| Period | UMI | MNA |
|---|---|---|
| 30 Days | 0.45% | 0.16% |
| 60 Days | 3.18% | 0.61% |
| 90 Days | 4.76% | -0.38% |
| 12 Months | 29.87% | 1.30% |
1 Overlapping Holdings
| Symbol | Grade | Weight in UMI | Weight in MNA | Overlap | |
|---|---|---|---|---|---|
| ETRN | C | 4.73% | 6.26% | 4.73% |
UMI Underweight 43 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| DFS | B | -6.62% | |
| ANSS | C | -6.44% | |
| X | F | -6.24% | |
| CTLT | B | -5.52% | |
| JNPR | B | -4.89% | |
| HCP | A | -4.53% | |
| MRO | B | -3.19% | |
| CERE | C | -2.83% | |
| AIRC | A | -2.82% | |
| SWN | D | -2.76% | |
| ALE | B | -2.58% | |
| AXNX | B | -2.41% | |
| HIBB | A | -2.37% | |
| OLK | A | -2.08% | |
| CHX | C | -2.02% | |
| WIRE | B | -2.0% | |
| PRFT | B | -1.98% | |
| IBTX | B | -1.44% | |
| VZIO | C | -1.15% | |
| MGRC | D | -1.13% | |
| SRCL | B | -0.9% | |
| AGS | A | -0.8% | |
| HAYN | D | -0.78% | |
| EVBG | C | -0.78% | |
| OSG | A | -0.74% | |
| AMK | D | -0.72% | |
| HA | D | -0.66% | |
| NWLI | A | -0.59% | |
| SLCA | B | -0.49% | |
| MODN | B | -0.43% | |
| HTLF | B | -0.34% | |
| SRDX | A | -0.31% | |
| FA | C | --0.27% | |
| UMBF | D | --0.36% | |
| WSC | C | --0.46% | |
| AA | B | --0.84% | |
| SSB | D | --1.46% | |
| SLB | D | --2.12% | |
| CHK | D | --2.97% | |
| IP | A | --3.69% | |
| SNPS | B | --4.23% | |
| EQT | D | --6.25% | |
| COF | D | --7.29% |
UMI: Top Represented Industries & Keywords
MNA: Top Represented Industries & Keywords
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