MNA vs. ACTV ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to LeaderShares Activist Leaders ETF (ACTV)
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
ACTV
LeaderShares Activist Leaders ETF
ACTV Description
The investment seeks to generate long-term capital growth. The fund will be invested in equity securities of companies listed on a U.S. exchange with market capitalizations of at least $1 billion at the time of initial purchase. It may focus its investments in a particular sector, industry or group of industries. The fund may utilize derivatives, such as equity options and total return swap agreements, to seek to achieve its objective and for hedging purposes.Grade (RS Rating)
Last Trade
$33.60
Average Daily Volume
8,773
43
Performance
| Period | MNA | ACTV |
|---|---|---|
| 30 Days | 0.67% | 1.66% |
| 60 Days | 2.42% | 3.03% |
| 90 Days | 3.98% | 5.03% |
| 12 Months | 5.83% | 15.73% |
1 Overlapping Holdings
| Symbol | Grade | Weight in MNA | Weight in ACTV | Overlap | |
|---|---|---|---|---|---|
| CTLT | A | 5.71% | 0.66% | 0.66% |
MNA Overweight 48 Positions Relative to ACTV
| Symbol | Grade | Weight | |
|---|---|---|---|
| DFS | C | 6.74% | |
| 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% |
MNA Underweight 42 Positions Relative to ACTV
| Symbol | Grade | Weight | |
|---|---|---|---|
| JBLU | B | -4.64% | |
| VSTS | D | -4.08% | |
| IVZ | A | -3.89% | |
| BBWI | F | -3.82% | |
| JHG | C | -3.79% | |
| LUV | B | -3.78% | |
| SWX | C | -3.78% | |
| HHH | C | -3.77% | |
| THS | C | -3.74% | |
| MTCH | B | -3.71% | |
| NSIT | B | -3.62% | |
| MRCY | B | -3.62% | |
| INVA | B | -3.61% | |
| ALIT | D | -3.59% | |
| BLMN | F | -3.56% | |
| DAN | D | -3.49% | |
| FTRE | F | -3.18% | |
| IRWD | F | -2.94% | |
| FYBR | C | -0.84% | |
| UNIT | B | -0.83% | |
| DBRG | D | -0.76% | |
| MDU | C | -0.72% | |
| SOLV | C | -0.71% | |
| EXPE | B | -0.71% | |
| BANC | D | -0.7% | |
| WEN | D | -0.7% | |
| CMG | C | -0.7% | |
| ROG | D | -0.68% | |
| ETSY | F | -0.68% | |
| KBH | C | -0.68% | |
| PINS | D | -0.68% | |
| NATL | D | -0.67% | |
| CHEF | C | -0.67% | |
| CNK | C | -0.67% | |
| PCG | B | -0.67% | |
| TDS | B | -0.66% | |
| RPD | D | -0.65% | |
| GDDY | D | -0.63% | |
| NWS | D | -0.63% | |
| CVI | F | -0.6% | |
| WOLF | F | -0.59% | |
| AAP | F | -0.59% |
MNA: Top Represented Industries & Keywords
ACTV: Top Represented Industries & Keywords
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