MNA vs. ARB ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to AltShares Merger Arbitrage ETF (ARB)
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
$32.78
Average Daily Volume
48,516
44
ARB
AltShares Merger Arbitrage ETF
ARB Description
AltShares Trust - AltShares Merger Arbitrage ETF is an exchange traded fund launched and managed by Water Island Capital, LLC. It invests in public equity markets of global region. The fund invests through derivatives in stocks of companies operating across diversified sectors. The fund employs long/short strategy and uses derivatives such as futures, forwards, swaps to create its portfolio. AltShares Trust - AltShares Merger Arbitrage ETF is domiciled in the United States.Grade (RS Rating)
Last Trade
$27.90
Average Daily Volume
11,112
43
Performance
| Period | MNA | ARB |
|---|---|---|
| 30 Days | -0.55% | -0.36% |
| 60 Days | -0.70% | -0.18% |
| 90 Days | 0.34% | 0.85% |
| 12 Months | 6.38% | 5.24% |
21 Overlapping Holdings
| Symbol | Grade | Weight in MNA | Weight in ARB | Overlap | |
|---|---|---|---|---|---|
| AGS | A | 0.84% | 0.53% | 0.53% | |
| ALE | A | 2.69% | 1.81% | 1.81% | |
| AXNX | A | 2.39% | 1.81% | 1.81% | |
| BALY | A | 2.82% | 1.14% | 1.14% | |
| CTLT | D | 5.63% | 2.72% | 2.72% | |
| DFS | B | 8.65% | 1.9% | 1.9% | |
| ENV | B | 2.59% | 2.17% | 2.17% | |
| EVRI | A | 1.59% | 2.13% | 1.59% | |
| FBMS | B | 1.19% | 1.16% | 1.16% | |
| HAYN | A | 0.77% | 0.53% | 0.53% | |
| HCP | B | 4.36% | 2.72% | 2.72% | |
| HTLF | B | 1.25% | 1.15% | 1.15% | |
| INFN | D | 1.72% | 2.27% | 1.72% | |
| JNPR | D | 4.99% | 2.66% | 2.66% | |
| K | A | 2.47% | 2.67% | 2.47% | |
| MRO | A | 3.51% | 2.76% | 2.76% | |
| RCM | A | 2.01% | 2.73% | 2.01% | |
| RVNC | F | 0.32% | 2.07% | 0.32% | |
| SPR | D | 1.97% | 2.68% | 1.97% | |
| SRDX | B | 0.27% | 1.4% | 0.27% | |
| VZIO | A | 1.31% | 1.78% | 1.31% |
MNA Overweight 23 Positions Relative to ARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| FYBR | C | 3.64% | |
| SMAR | A | 3.2% | |
| ALTR | B | 3.12% | |
| AY | A | 2.1% | |
| B | A | 2.08% | |
| IBTX | B | 2.04% | |
| NAPA | A | 1.6% | |
| SASR | B | 1.5% | |
| ZUO | B | 1.18% | |
| PFC | B | 0.65% | |
| GATO | C | 0.41% | |
| CFB | B | 0.4% | |
| PGRU | A | 0.35% | |
| BUSE | B | -0.42% | |
| WSBC | B | -0.66% | |
| RNST | B | -1.2% | |
| CDE | C | -1.2% | |
| UMBF | B | -1.28% | |
| AUB | B | -1.5% | |
| BA | D | -1.63% | |
| SSB | B | -2.03% | |
| IP | A | -4.24% | |
| COF | B | -9.37% |
MNA Underweight 22 Positions Relative to ARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| ANSS | B | -2.57% | |
| SRCL | B | -2.19% | |
| CHX | C | -2.19% | |
| SILK | A | -2.16% | |
| PETQ | A | -2.14% | |
| HA | A | -2.02% | |
| HES | B | -1.95% | |
| X | C | -1.85% | |
| DO | D | -1.83% | |
| PRFT | B | -1.81% | |
| PWSC | C | -1.81% | |
| INST | B | -1.79% | |
| AMK | B | -1.78% | |
| GTHX | A | -1.72% | |
| CHUY | B | -1.13% | |
| TWKS | B | -1.11% | |
| MGRC | B | -1.07% | |
| SWN | C | -0.94% | |
| CALT | C | -0.58% | |
| AAN | B | -0.56% | |
| CNSL | B | -0.54% | |
| SRCL | B | -0.5% |
MNA: Top Represented Industries & Keywords
ARB: Top Represented Industries & Keywords
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