WBIG vs. MNA ETF Comparison
Comparison of WBI Large Cap Tactical Yield Shares (WBIG) to IQ Merger Arbitrage ETF (MNA)
WBIG
WBI Large Cap Tactical Yield Shares
WBIG Description
The investment seeks long-term capital appreciation and the potential for current income, while also seeking to protect principal during unfavorable market conditions. The fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the dividend-paying equity securities of large capitalization domestic and foreign companies which WBI Investments, Inc., the sub-advisor to the fund and an affiliate of Millington Securities Inc., the advisor, believes display attractive dividend payment prospects, and up to 20% of its net assets in other tactical investment opportunities.
Grade (RS Rating)
Last Trade
$24.58
Average Daily Volume
3,415
34
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
$31.11
Average Daily Volume
58,691
36
Performance
| Period | WBIG | MNA |
|---|---|---|
| 30 Days | 2.81% | 1.10% |
| 60 Days | -0.69% | -0.89% |
| 90 Days | 4.63% | -0.99% |
| 12 Months | 13.43% | 0.78% |
0 Overlapping Holdings
| Symbol | Grade | Weight in WBIG | Weight in MNA | Overlap |
|---|
WBIG Overweight 34 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| USHY | A | 9.48% | |
| RGA | A | 4.78% | |
| TW | B | 4.59% | |
| HRB | B | 4.45% | |
| AXP | A | 4.36% | |
| CHD | B | 4.01% | |
| MMC | A | 3.99% | |
| ADP | B | 3.95% | |
| DHI | D | 3.95% | |
| MA | D | 3.92% | |
| CI | D | 3.86% | |
| KR | D | 2.65% | |
| PM | B | 2.18% | |
| BR | C | 2.15% | |
| MO | A | 2.14% | |
| PG | A | 2.09% | |
| KMB | C | 2.08% | |
| HPQ | C | 2.08% | |
| OMF | C | 2.05% | |
| OKE | B | 2.03% | |
| T | B | 2.03% | |
| PFG | B | 2.03% | |
| GIS | C | 2.02% | |
| UGI | C | 2.0% | |
| KNTK | B | 1.99% | |
| CSCO | F | 1.95% | |
| LYB | D | 1.92% | |
| GILD | F | 1.92% | |
| CHRD | C | 1.91% | |
| IBM | D | 1.76% | |
| BMY | F | 1.74% | |
| WHR | F | 1.69% | |
| AOS | D | 1.63% | |
| CVS | F | 1.54% |
WBIG Underweight 36 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| ANSS | D | -6.4% | |
| X | F | -6.39% | |
| DFS | C | -6.38% | |
| ETRN | B | -6.17% | |
| CTLT | D | -5.57% | |
| JNPR | D | -4.73% | |
| HCP | C | -4.38% | |
| SWAV | B | -4.34% | |
| CPRI | F | -3.95% | |
| CERE | D | -2.81% | |
| AIRC | A | -2.75% | |
| AMED | C | -2.73% | |
| FUSN | A | -2.48% | |
| ALPN | A | -2.47% | |
| AXNX | D | -2.38% | |
| HIBB | B | -2.33% | |
| DOOR | A | -2.15% | |
| CHX | D | -2.1% | |
| WIRE | C | -1.89% | |
| OLK | C | -1.88% | |
| VZIO | D | -1.09% | |
| MGRC | D | -1.08% | |
| SRCL | F | -0.87% | |
| HAYN | D | -0.78% | |
| SP | B | -0.76% | |
| EVBG | C | -0.74% | |
| HA | C | -0.62% | |
| INBX | D | -0.61% | |
| AMK | D | -0.61% | |
| NWLI | C | -0.53% | |
| SLCA | C | -0.41% | |
| MODN | C | -0.38% | |
| TAST | A | -0.37% | |
| DCPH | A | -0.29% | |
| HTLF | B | -0.25% | |
| XOP | D | --6.93% |
WBIG: Top Represented Industries & Keywords
MNA: Top Represented Industries & Keywords
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