IPAY vs. MNA ETF Comparison
Comparison of ETFMG Prime Mobile Payments ETF (IPAY) to IQ Merger Arbitrage ETF (MNA)
IPAY
ETFMG Prime Mobile Payments ETF
IPAY Description
The ETFMG Prime Mobile Payments ETF (IPAY®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Prime Mobile Payments Index. The index provides a benchmark for investors interested in tracking the mobile and electronic payments industry, specifically focusing on credit card networks, payment infrastructure and software services, payment processing services, and payment solutions (such as smartcards, prepaid cards, virtual wallets).
Grade (RS Rating)
Last Trade
$51.40
Average Daily Volume
23,487
27
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
$32.95
Average Daily Volume
60,238
49
Performance
| Period | IPAY | MNA |
|---|---|---|
| 30 Days | -0.54% | 0.67% |
| 60 Days | 10.76% | 2.42% |
| 90 Days | 8.74% | 3.98% |
| 12 Months | 35.87% | 5.83% |
1 Overlapping Holdings
| Symbol | Grade | Weight in IPAY | Weight in MNA | Overlap | |
|---|---|---|---|---|---|
| DFS | C | 4.43% | 6.74% | 4.43% |
IPAY Overweight 26 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| PYPL | C | 6.5% | |
| AXP | A | 6.11% | |
| FI | A | 6.05% | |
| MA | A | 5.97% | |
| V | C | 5.84% | |
| TOST | C | 4.82% | |
| CPAY | A | 4.52% | |
| FIS | C | 4.48% | |
| SQ | D | 4.33% | |
| AFRM | C | 4.16% | |
| WEX | C | 3.98% | |
| COIN | F | 3.96% | |
| GPN | F | 3.95% | |
| FOUR | B | 2.88% | |
| ACIW | B | 2.25% | |
| EEFT | F | 2.08% | |
| QTWO | C | 1.94% | |
| WU | D | 1.63% | |
| STNE | F | 1.47% | |
| MQ | F | 0.9% | |
| VYX | B | 0.82% | |
| PAGS | F | 0.75% | |
| EVTC | D | 0.72% | |
| DLO | D | 0.33% | |
| GDOT | C | 0.31% | |
| IMXI | F | 0.31% |
IPAY Underweight 48 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| CTLT | A | -5.71% | |
| JNPR | B | -5.05% | |
| HCP | B | -4.32% | |
| MRO | D | -3.16% | |
| SHV | B | -2.91% | |
| BALY | A | -2.73% | |
| SRCL | B | -2.65% | |
| INST | B | -2.62% | |
| ALE | A | -2.6% | |
| SQSP | A | -2.59% | |
| ENV | C | -2.56% | |
| AXNX | A | -2.34% | |
| CHX | D | -2.26% | |
| PWSC | C | -2.26% | |
| PRFT | A | -2.0% | |
| K | B | -1.9% | |
| IBTX | D | -1.82% | |
| INFN | C | -1.72% | |
| AY | C | -1.64% | |
| SPR | D | -1.63% | |
| RCM | B | -1.6% | |
| EVRI | A | -1.52% | |
| SRCL | B | -1.26% | |
| VZIO | A | -1.25% | |
| TELL | B | -1.21% | |
| FBMS | D | -1.01% | |
| HTLF | C | -0.86% | |
| AGS | B | -0.76% | |
| HAYN | B | -0.74% | |
| PETQ | A | -0.68% | |
| AAN | C | -0.63% | |
| CHUY | B | -0.44% | |
| PFC | D | -0.41% | |
| CFB | D | -0.3% | |
| RVNC | F | -0.28% | |
| SRDX | D | -0.27% | |
| PGRU | A | -0.27% | |
| CLF | D | --0.23% | |
| BUSE | D | --0.3% | |
| FA | A | --0.4% | |
| WSBC | D | --0.41% | |
| UMBF | C | --0.88% | |
| RNST | D | --1.02% | |
| BA | F | --1.38% | |
| SSB | C | --1.85% | |
| SLB | D | --2.3% | |
| IP | C | --3.71% | |
| COF | C | --7.42% |
IPAY: Top Represented Industries & Keywords
MNA: Top Represented Industries & Keywords
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