GERM vs. MNA ETF Comparison

Comparison of ETFMG Treatments Testing and Advancements ETF (GERM) to IQ Merger Arbitrage ETF (MNA)

GERM

ETFMG Treatments Testing and Advancements ETF

GERM Description

GERM is designed to give direct exposure to the biotech companies directly engaged in the testing and treatments of infectious diseases. Focused on advancements with targeted exposure to the forefront of R&D, vaccines, therapies and testing technologies.

Grade (RS Rating)

Last Trade

$18.22

Average Daily Volume

2,089

Number of Holdings ^*

* 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

$31.69

Average Daily Volume

42,179

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GERM	MNA
30 Days	-6.98%	1.25%
60 Days	-0.98%	2.01%
90 Days	1.52%	1.28%
12 Months	-11.28%	2.99%

0 Overlapping Holdings

	Symbol	Grade	Weight in GERM	Weight in MNA	Overlap

GERM Overweight 45 Positions Relative to MNA

Symbol	Grade	Weight
ALNY	A	10.46%
DGX	C	6.09%
BNTX	F	4.99%
MRNA	D	4.95%
PCVX	B	4.58%
BIO	F	3.97%
ZLAB	F	3.89%
DVAX	F	3.51%
IMCR	F	3.34%
BCRX	B	2.97%
VIR	F	2.84%
NVAX	C	2.77%
OPK	F	2.07%
CVAC	F	1.78%
HLVX	D	1.57%
ARCT	F	1.55%
FLGT	F	1.42%
ABUS	B	1.38%
SIGA	D	1.23%
ADPT	D	1.2%
GILD	C	0.95%
LLY	B	0.95%
REGN	B	0.92%
JNJ	F	0.88%
ABBV	C	0.88%
ABT	D	0.88%
OCGN	C	0.87%
MRK	C	0.87%
EBS	B	0.86%
PFE	D	0.85%
AZN	C	0.85%
SNY	B	0.85%
TAK	F	0.84%
GSK	D	0.82%
OSUR	F	0.74%
ENTA	C	0.63%
CRMD	D	0.56%
RENB	C	0.53%
XBIT	D	0.34%
VXRT	F	0.28%
IFRX	D	0.24%
CMRX	F	0.19%
GRTS	F	0.18%
CUE	F	0.16%
CVM	F	0.15%

GERM Underweight 44 Positions Relative to MNA

Symbol	Grade	Weight
DFS	A	-6.57%
ANSS	C	-6.39%
X	D	-6.29%
ETRN	D	-6.21%
CTLT	B	-5.66%
JNPR	B	-4.93%
HCP	A	-4.54%
MRO	B	-3.35%
AIRC	A	-2.85%
SWN	C	-2.77%
CERE	D	-2.65%
ALE	C	-2.58%
AXNX	B	-2.42%
HIBB	A	-2.38%
CHX	C	-2.13%
OLK	A	-2.06%
WIRE	A	-2.01%
PRFT	B	-1.99%
IBTX	B	-1.47%
VZIO	B	-1.15%
MGRC	F	-1.14%
SRCL	A	-0.89%
AGS	B	-0.79%
HAYN	C	-0.78%
EVBG	B	-0.78%
OSG	A	-0.74%
AMK	B	-0.72%
HA	D	-0.64%
NWLI	A	-0.6%
SLCA	B	-0.49%
MODN	B	-0.44%
HTLF	B	-0.35%
SRDX	A	-0.31%
FA	C	--0.26%
UMBF	B	--0.36%
WSC	F	--0.46%
AA	B	--0.89%
SSB	D	--1.49%
SLB	C	--2.22%
CHK	C	--2.94%
IP	C	--3.74%
SNPS	B	--4.1%
EQT	D	--6.21%
COF	C	--7.29%

GERM: Top Represented Industries & Keywords

Industries: Biotechnology Drug Manufacturers - Major Diagnostics & Research Drug Manufacturers - Specialty & Generic Medical Devices Medical Instruments & Supplies