XAR vs. MNA ETF Comparison

Comparison of SPDR S&P Aerospace & Defense ETF (XAR) to IQ Merger Arbitrage ETF (MNA)
XAR

SPDR S&P Aerospace & Defense ETF

XAR Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the aerospace and defense segment of a U.S. total market composite index. In seeking to track the performance of the S&P Aerospace & Defense Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the aerospace and defense industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$140.26

Average Daily Volume

77,891

Number of Holdings *

31

* 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

$31.46

Average Daily Volume

41,884

Number of Holdings *

36

* may have additional holdings in another (foreign) market
Performance
Period XAR MNA
30 Days 4.01% 0.45%
60 Days 8.29% 0.29%
90 Days 3.17% 0.00%
12 Months 23.12% 1.72%
1 Overlapping Holdings
Symbol Grade Weight in XAR Weight in MNA Overlap
KAMN A 1.12% 0.45% 0.45%
XAR Overweight 30 Positions Relative to MNA
Symbol Grade Weight
ACHR D 4.21%
TDG A 3.99%
TXT A 3.91%
RTX C 3.91%
GD B 3.9%
HEI B 3.87%
LMT C 3.86%
NOC B 3.84%
CW A 3.84%
WWD B 3.82%
AXON B 3.81%
HII B 3.78%
HWM B 3.77%
LHX C 3.75%
SPR B 3.72%
BWXT B 3.72%
BA F 3.57%
HXL C 3.57%
RKLB F 3.49%
AIR D 3.42%
AVAV C 3.4%
MOG.A B 3.27%
KTOS D 3.24%
SPCE F 2.98%
MRCY F 2.4%
TGI D 2.27%
CDRE D 0.94%
DCO C 0.81%
ATRO D 0.49%
NPK B 0.34%
XAR Underweight 35 Positions Relative to MNA
Symbol Grade Weight
WRK B -6.73%
PXD A -6.27%
HES C -6.12%
X D -5.06%
SHV A -4.8%
CPRI F -4.53%
BIL B -4.52%
ANSS B -4.45%
DFS B -4.07%
MDC A -3.18%
JNPR C -3.06%
CTLT C -2.59%
AMED F -2.49%
SIX C -2.46%
CERE B -2.16%
CBAY A -1.91%
OLK C -1.81%
DOOR A -1.79%
WH D -1.61%
AXNX B -1.38%
CPE C -1.05%
PGTI A -0.73%
SP B -0.71%
EVBG B -0.69%
VZIO C -0.67%
NS B -0.63%
HA D -0.58%
INBX D -0.5%
NWLI A -0.49%
EGLE A -0.48%
DSKE A -0.41%
NGMS B -0.38%
CATC C -0.34%
MGRC D -0.3%
XOP B --1.26%
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