AWEG vs. MNA ETF Comparison
Comparison of Alger Weatherbie Enduring Growth ETF (AWEG) to IQ Merger Arbitrage ETF (MNA)
AWEG
Alger Weatherbie Enduring Growth ETF
AWEG Description
The fund invests primarily in equity securities of mid-cap growth companies with an environmental, social and governance ("ESG") rating of medium or better, as rated by Sustainalytics, a third-party ESG rating agency, at the time of purchase. Under normal circumstances, 80% of companies in the fund"s portfolio, based on net assets, will have a Sustainalytics ESG rating. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$26.15
Average Daily Volume
170
Number of Holdings
*
24
* 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
$32.60
Average Daily Volume
49,064
Number of Holdings
*
45
* may have additional holdings in another (foreign) market
Performance
Period | AWEG | MNA |
---|---|---|
30 Days | 2.61% | -0.97% |
60 Days | 4.67% | -0.91% |
90 Days | 6.99% | -0.18% |
12 Months | 33.65% | 6.15% |
0 Overlapping Holdings
Symbol | Grade | Weight in AWEG | Weight in MNA | Overlap |
---|
AWEG Overweight 24 Positions Relative to MNA
Symbol | Grade | Weight | |
---|---|---|---|
TDG | D | 11.7% | |
CWST | A | 6.43% | |
GKOS | A | 4.99% | |
STEP | B | 4.87% | |
TNDM | F | 4.84% | |
WCN | A | 4.8% | |
HEI | A | 4.66% | |
PCTY | B | 3.92% | |
NEOG | D | 3.62% | |
HUBS | B | 3.14% | |
OLLI | D | 2.99% | |
SPSC | F | 2.94% | |
ACAD | C | 2.9% | |
MEG | F | 2.87% | |
XPO | B | 2.86% | |
UPST | B | 2.77% | |
RXO | C | 2.64% | |
HLNE | A | 2.11% | |
NCNO | B | 2.09% | |
PGNY | F | 2.07% | |
SITE | D | 2.02% | |
AGYS | A | 1.77% | |
NTRA | A | 1.44% | |
TTD | B | 1.41% |
AWEG Underweight 45 Positions Relative to MNA
Symbol | Grade | Weight | |
---|---|---|---|
DFS | B | -8.94% | |
CTLT | D | -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% | |
AY | A | -2.08% | |
IBTX | B | -2.08% | |
B | A | -2.05% | |
RCM | A | -1.99% | |
SPR | D | -1.99% | |
INFN | D | -1.72% | |
NAPA | A | -1.58% | |
EVRI | A | -1.57% | |
SASR | B | -1.49% | |
VZIO | A | -1.33% | |
HTLF | B | -1.27% | |
FBMS | B | -1.22% | |
ZUO | B | -1.17% | |
AGS | A | -0.83% | |
HAYN | A | -0.75% | |
PFC | B | -0.65% | |
GATO | C | -0.43% | |
RVNC | F | -0.43% | |
CFB | C | -0.41% | |
PGRU | A | -0.35% | |
SRDX | B | -0.26% | |
BUSE | B | --0.42% | |
WSBC | B | --0.66% | |
CDE | C | --1.15% | |
RNST | B | --1.23% | |
UMBF | B | --1.29% | |
AUB | B | --1.51% | |
BA | D | --1.69% | |
SSB | B | --2.1% | |
IP | A | --4.38% | |
COF | B | --9.54% |
AWEG: Top Represented Industries & Keywords
Industries:
Software - Application
Waste Management
Aerospace & Defense
Asset Management
Diagnostics & Research
Biotechnology
Credit Services
Discount Stores
Health Information Services
Industrial Distribution
Integrated Shipping & Logistics
Medical Devices
Medical Instruments & Supplies
Trucking
Keywords:
Medicine
Aerospace
Cardboard
Cargo
Content Management
Electronics
Environmental Services
Fintech
Freight Transport
Genetic Testing
Glaucoma
Investment Solutions
Landfill
Municipal Solid Waste
Private Equity
Recycling
Regulatory Compliance
Social Media
Solid Waste Collection
Solid Waste Services
MNA: Top Represented Industries & Keywords
Industries:
Banks - Regional - US
Software - Infrastructure
Aerospace & Defense
Communication Equipment
Credit Services
Gambling
Software - Application
Utilities - Regulated Electric
Beverages - Wineries & Distilleries
Biotechnology
Capital Markets
Consumer Electronics
Diagnostics & Research
Diversified Industrials
Drug Manufacturers - Specialty & Generic
Gold
Health Information Services
Medical Devices
Metal Fabrication
Oil & Gas E&P
Keywords:
Bank
Banking
S&P 500
Deposit Products
Investment Services
Commercial Bank
Commercial Banking
Real Estate Loans
ATM
Computing
Investment Management
Trust Services
Wealth Management
Biopharmaceutical
Casino
Demand Deposit
Individual Retirement Account
Investment Bank
Residential Real Estate Loans
Back Office Systems