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
$24.83
Average Daily Volume
148
Number of Holdings
*
23
* 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
$32.83
Average Daily Volume
52,891
Number of Holdings
*
44
* may have additional holdings in another (foreign) market
Performance
Period | AWEG | MNA |
---|---|---|
30 Days | 0.86% | -0.36% |
60 Days | -1.26% | 0.31% |
90 Days | 4.26% | 2.05% |
12 Months | 31.39% | 5.88% |
0 Overlapping Holdings
Symbol | Grade | Weight in AWEG | Weight in MNA | Overlap |
---|
AWEG Overweight 23 Positions Relative to MNA
Symbol | Grade | Weight | |
---|---|---|---|
TDG | C | 11.31% | |
CWST | D | 6.33% | |
GKOS | B | 5.32% | |
WCN | D | 4.7% | |
HEI | D | 4.49% | |
STEP | B | 4.29% | |
PCTY | A | 3.74% | |
TNDM | F | 3.59% | |
VERX | B | 3.45% | |
RXO | B | 3.43% | |
ACAD | F | 3.41% | |
XPO | A | 3.35% | |
SPSC | F | 3.25% | |
HUBS | B | 3.21% | |
NEOG | D | 3.07% | |
SITE | F | 2.74% | |
OLLI | C | 2.64% | |
PGNY | F | 2.61% | |
NCNO | B | 2.35% | |
MEG | F | 2.29% | |
AGYS | D | 1.8% | |
TTD | B | 1.24% | |
PI | C | 0.75% |
AWEG Underweight 44 Positions Relative to MNA
Symbol | Grade | Weight | |
---|---|---|---|
DFS | A | -7.23% | |
CTLT | D | -5.72% | |
JNPR | A | -5.11% | |
HCP | A | -4.32% | |
FYBR | A | -3.74% | |
SHV | A | -3.27% | |
MRO | C | -3.25% | |
SMAR | A | -3.2% | |
SRCL | A | -2.81% | |
BALY | A | -2.75% | |
ALE | A | -2.67% | |
INST | A | -2.62% | |
ENV | A | -2.57% | |
K | A | -2.46% | |
AXNX | A | -2.38% | |
SPR | C | -2.13% | |
AY | A | -2.08% | |
RCM | A | -2.0% | |
IBTX | B | -1.82% | |
INFN | B | -1.75% | |
EVRI | A | -1.58% | |
SRCL | A | -1.46% | |
VZIO | C | -1.33% | |
HTLF | A | -1.08% | |
FBMS | B | -1.04% | |
PETQ | A | -0.85% | |
AGS | A | -0.83% | |
HAYN | A | -0.75% | |
PFC | A | -0.55% | |
GATO | B | -0.51% | |
RVNC | C | -0.4% | |
CFB | D | -0.37% | |
PGRU | A | -0.35% | |
SRDX | D | -0.26% | |
CLF | C | --0.26% | |
BUSE | D | --0.38% | |
FA | D | --0.46% | |
WSBC | A | --0.56% | |
RNST | B | --1.05% | |
UMBF | A | --1.1% | |
SSB | B | --1.83% | |
BA | F | --1.85% | |
IP | A | --3.56% | |
COF | A | --7.9% |
AWEG: Top Represented Industries & Keywords
Industries:
Software - Application
Waste Management
Aerospace & Defense
Asset Management
Biotechnology
Diagnostics & Research
Discount Stores
Electronic Components
Health Information Services
Industrial Distribution
Integrated Shipping & Logistics
Medical Devices
Medical Instruments & Supplies
Trucking
Keywords:
Aerospace
Banking
Cardboard
Cargo
Content Management
Electronics
Environmental Services
Freight Transport
Glaucoma
Landfill
Medicine
Municipal Solid Waste
Recycling
Regulatory Compliance
Social Media
Software As A Service
Solid Waste Collection
Solid Waste Services
Supply Chain
Sustainability And Environmental Management
MNA: Top Represented Industries & Keywords
Industries:
Banks - Regional - US
Aerospace & Defense
Communication Equipment
Credit Services
Drug Manufacturers - Specialty & Generic
Gambling
Software - Application
Utilities - Regulated Electric
Biotechnology
Capital Markets
Consumer Electronics
Diagnostics & Research
Health Information Services
Industrial Metals & Minerals
Medical Devices
Metal Fabrication
Oil & Gas E&P
Other Precious Metals & Mining
Packaged Foods
Packaging & Containers
Keywords:
Bank
Banking
S&P 500
Deposit Products
Investment Services
ATM
Commercial Bank
Commercial Banking
Real Estate Loans
Biopharmaceutical
Casino
Computing
Individual Retirement Account
Investment Management
Trust Services
Wealth Management
Back Office Systems
Boat
Broker Dealer
Business Process Management