MEDX vs. MNA ETF Comparison
Comparison of Horizon Kinetics Medical ETF (MEDX) to IQ Merger Arbitrage ETF (MNA)
MEDX
Horizon Kinetics Medical ETF
MEDX Description
The fund is an actively-managed exchange-traded fund ("ETF") that pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in common stocks, convertible securities, warrants and other equity securities having the characteristics of common stocks of U.S. and foreign companies engaged in medical research, pharmaceutical and medical technology industries and related technology industries. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$30.51
Average Daily Volume
327
10
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
$32.88
Average Daily Volume
41,918
49
Performance
| Period | MEDX | MNA |
|---|---|---|
| 30 Days | -4.42% | 0.46% |
| 60 Days | -0.34% | 2.21% |
| 90 Days | 3.48% | 3.76% |
| 12 Months | 5.76% | 5.70% |
0 Overlapping Holdings
| Symbol | Grade | Weight in MEDX | Weight in MNA | Overlap |
|---|
MEDX Underweight 49 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| DFS | C | -6.74% | |
| CTLT | B | -5.71% | |
| JNPR | C | -5.05% | |
| HCP | B | -4.32% | |
| MRO | D | -3.16% | |
| SHV | B | -2.91% | |
| BALY | B | -2.73% | |
| SRCL | B | -2.65% | |
| INST | C | -2.62% | |
| ALE | A | -2.6% | |
| SQSP | A | -2.59% | |
| ENV | C | -2.56% | |
| AXNX | A | -2.34% | |
| CHX | F | -2.26% | |
| PWSC | C | -2.26% | |
| PRFT | A | -2.0% | |
| K | B | -1.9% | |
| IBTX | D | -1.82% | |
| INFN | C | -1.72% | |
| AY | B | -1.64% | |
| SPR | D | -1.63% | |
| RCM | B | -1.6% | |
| EVRI | B | -1.52% | |
| SRCL | B | -1.26% | |
| VZIO | B | -1.25% | |
| TELL | B | -1.21% | |
| FBMS | C | -1.01% | |
| HTLF | C | -0.86% | |
| AGS | D | -0.76% | |
| HAYN | B | -0.74% | |
| PETQ | A | -0.68% | |
| AAN | D | -0.63% | |
| CHUY | B | -0.44% | |
| PFC | D | -0.41% | |
| CFB | D | -0.3% | |
| RVNC | D | -0.28% | |
| SRDX | D | -0.27% | |
| PGRU | B | -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 | F | --2.3% | |
| IP | B | --3.71% | |
| COF | C | --7.42% |
MEDX: Top Represented Industries & Keywords
MNA: Top Represented Industries & Keywords
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