MARB vs. MNA ETF Comparison
Comparison of First Trust Merger Arbitrage ETF (MARB) to IQ Merger Arbitrage ETF (MNA)
MARB
First Trust Merger Arbitrage ETF
MARB Description
The investment seeks to provide investors with capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objective by establishing long and short positions in the equity securities of companies that are involved in a publicly-announced significant corporate event, such as a merger or acquisition. It's portfolio may include equity securities issued by U.S. and non-U.S. companies, including American Depositary Receipts (ADRs), and derivatives, including total return swaps. The fund may invest in securities issued by small, mid and large capitalization issuers. It is non-diversified.
Grade (RS Rating)
Last Trade
$19.71
Average Daily Volume
7,002
34
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
$32.77
Average Daily Volume
48,516
44
Performance
| Period | MARB | MNA |
|---|---|---|
| 30 Days | -1.08% | -0.55% |
| 60 Days | -1.16% | -0.70% |
| 90 Days | -1.81% | 0.34% |
| 12 Months | -0.97% | 6.38% |
20 Overlapping Holdings
| Symbol | Grade | Weight in MARB | Weight in MNA | Overlap | |
|---|---|---|---|---|---|
| AXNX | A | 4.2% | 2.39% | 2.39% | |
| B | A | 3.78% | 2.08% | 2.08% | |
| COF | B | -5.12% | -9.37% | -9.37% | |
| CTLT | D | 3.17% | 5.63% | 3.17% | |
| DFS | B | 4.67% | 8.65% | 4.67% | |
| ENV | B | 2.38% | 2.59% | 2.38% | |
| EVRI | A | 3.48% | 1.59% | 1.59% | |
| FYBR | C | 2.53% | 3.64% | 2.53% | |
| HCP | B | 5.64% | 4.36% | 4.36% | |
| HTLF | B | 7.98% | 1.25% | 1.25% | |
| IBTX | B | 2.21% | 2.04% | 2.04% | |
| JNPR | D | 3.65% | 4.99% | 3.65% | |
| K | A | 3.28% | 2.47% | 2.47% | |
| MRO | A | 2.03% | 3.51% | 2.03% | |
| NAPA | A | 3.99% | 1.6% | 1.6% | |
| RCM | A | 2.07% | 2.01% | 2.01% | |
| SRDX | B | 2.29% | 0.27% | 0.27% | |
| SSB | B | -2.22% | -2.03% | -2.22% | |
| UMBF | B | -8.33% | -1.28% | -8.33% | |
| VZIO | A | 3.05% | 1.31% | 1.31% |
MARB Underweight 24 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| SMAR | A | -3.2% | |
| ALTR | B | -3.12% | |
| BALY | A | -2.82% | |
| ALE | A | -2.69% | |
| AY | A | -2.1% | |
| SPR | D | -1.97% | |
| INFN | D | -1.72% | |
| SASR | B | -1.5% | |
| FBMS | B | -1.19% | |
| ZUO | B | -1.18% | |
| AGS | A | -0.84% | |
| HAYN | A | -0.77% | |
| PFC | B | -0.65% | |
| GATO | C | -0.41% | |
| CFB | B | -0.4% | |
| PGRU | A | -0.35% | |
| RVNC | F | -0.32% | |
| BUSE | B | --0.42% | |
| WSBC | B | --0.66% | |
| RNST | B | --1.2% | |
| CDE | C | --1.2% | |
| AUB | B | --1.5% | |
| BA | D | --1.63% | |
| IP | A | --4.24% |
MARB: Top Represented Industries & Keywords
MNA: Top Represented Industries & Keywords
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