ZIG vs. MNA ETF Comparison
Comparison of The Acquirers Fund (ZIG) to IQ Merger Arbitrage ETF (MNA)
ZIG
The Acquirers Fund
ZIG Description
The investment seeks capital appreciation. The fund is actively managed and seeks to achieve its investment objective by investing primarily in equity securities (or depositary receipts) of companies in developed markets outside the United States based on the results of a proprietary, quantitative model (the "EquBot Model") developed by the adviser that runs on the Watson™ platform. Its investment adviser is a technology based company focused on applying artificial intelligence ("AI") based solutions to investment analyses. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$37.54
Average Daily Volume
4,417
29
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
$31.10
Average Daily Volume
52,629
29
Performance
| Period | ZIG | MNA |
|---|---|---|
| 30 Days | 1.04% | -0.83% |
| 60 Days | 4.39% | -1.52% |
| 90 Days | 8.00% | -0.61% |
| 12 Months | 37.11% | -0.99% |
0 Overlapping Holdings
| Symbol | Grade | Weight in ZIG | Weight in MNA | Overlap |
|---|
ZIG Overweight 29 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| HCC | B | 4.19% | |
| WIRE | B | 4.17% | |
| VIRT | B | 3.81% | |
| AX | A | 3.71% | |
| CNX | B | 3.58% | |
| MLI | B | 3.56% | |
| PLTK | C | 3.48% | |
| BSM | B | 3.41% | |
| PM | A | 3.39% | |
| SM | B | 3.38% | |
| PHM | B | 3.35% | |
| CMC | C | 3.33% | |
| MO | A | 3.29% | |
| ATKR | D | 3.28% | |
| MTG | B | 3.25% | |
| UFPI | C | 3.24% | |
| ARCH | D | 3.22% | |
| DDS | C | 3.2% | |
| BKE | C | 3.2% | |
| CROX | C | 3.19% | |
| MHO | D | 3.14% | |
| DHI | D | 3.11% | |
| STLD | D | 3.1% | |
| CALM | D | 3.07% | |
| CF | F | 3.05% | |
| FHI | D | 3.04% | |
| DINO | D | 3.01% | |
| NUE | F | 2.96% | |
| BTU | F | 2.94% |
ZIG Underweight 29 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| HES | B | -7.4% | |
| PXD | B | -7.39% | |
| DFS | C | -6.45% | |
| ANSS | D | -6.37% | |
| X | D | -6.23% | |
| ETRN | B | -6.13% | |
| CTLT | D | -5.62% | |
| JNPR | D | -4.83% | |
| CPRI | F | -3.84% | |
| CERE | B | -2.88% | |
| AMED | C | -2.7% | |
| FUSN | A | -2.51% | |
| SIX | C | -2.49% | |
| AXNX | C | -2.39% | |
| DOOR | A | -2.18% | |
| OLK | C | -1.84% | |
| VZIO | D | -1.12% | |
| MGRC | D | -1.06% | |
| SRCL | D | -0.86% | |
| HAYN | D | -0.81% | |
| SP | C | -0.77% | |
| EVBG | B | -0.75% | |
| NS | D | -0.65% | |
| HA | D | -0.61% | |
| INBX | D | -0.61% | |
| NWLI | A | -0.53% | |
| TAST | A | -0.37% | |
| XT | D | --0.25% | |
| XOP | B | --6.21% |
ZIG: Top Represented Industries & Keywords
MNA: Top Represented Industries & Keywords
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