MNA vs. CLDL ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to Direxion Daily Cloud Computing Bull 2X Shares (CLDL)
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
$31.76
Average Daily Volume
39,461
44
CLDL
Direxion Daily Cloud Computing Bull 2X Shares
CLDL Description
The investment seeks daily investment results, before fees and expenses, of 200% of the daily performance of the the Indxx USA Cloud Computing Index. The fund, under normal circumstances, invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index is provided by Indxx, LLC and includes domestic companies that deliver cloud computing infrastructure, platforms, or services. The fund is non-diversified.Grade (RS Rating)
Last Trade
$9.83
Average Daily Volume
12,864
48
Performance
| Period | MNA | CLDL |
|---|---|---|
| 30 Days | 1.42% | 12.60% |
| 60 Days | 1.91% | 0.03% |
| 90 Days | 1.68% | -8.56% |
| 12 Months | 3.17% | 19.79% |
1 Overlapping Holdings
| Symbol | Grade | Weight in MNA | Weight in CLDL | Overlap | |
|---|---|---|---|---|---|
| EVBG | B | 0.78% | 0.25% | 0.25% |
MNA Overweight 43 Positions Relative to CLDL
| Symbol | Grade | Weight | |
|---|---|---|---|
| DFS | B | 6.57% | |
| ANSS | C | 6.39% | |
| X | C | 6.29% | |
| ETRN | D | 6.21% | |
| CTLT | B | 5.66% | |
| JNPR | B | 4.93% | |
| HCP | A | 4.54% | |
| MRO | B | 3.35% | |
| AIRC | A | 2.85% | |
| SWN | D | 2.77% | |
| CERE | C | 2.65% | |
| ALE | C | 2.58% | |
| AXNX | B | 2.42% | |
| HIBB | A | 2.38% | |
| CHX | C | 2.13% | |
| OLK | A | 2.06% | |
| WIRE | A | 2.01% | |
| PRFT | B | 1.99% | |
| IBTX | B | 1.47% | |
| VZIO | B | 1.15% | |
| MGRC | D | 1.14% | |
| SRCL | B | 0.89% | |
| AGS | B | 0.79% | |
| HAYN | C | 0.78% | |
| OSG | A | 0.74% | |
| AMK | B | 0.72% | |
| HA | C | 0.64% | |
| NWLI | A | 0.6% | |
| SLCA | B | 0.49% | |
| MODN | B | 0.44% | |
| HTLF | B | 0.35% | |
| SRDX | A | 0.31% | |
| FA | C | -0.26% | |
| UMBF | C | -0.36% | |
| WSC | F | -0.46% | |
| AA | B | -0.89% | |
| SSB | D | -1.49% | |
| SLB | D | -2.22% | |
| CHK | D | -2.94% | |
| IP | C | -3.74% | |
| SNPS | B | -4.1% | |
| EQT | D | -6.21% | |
| COF | D | -7.29% |
MNA Underweight 47 Positions Relative to CLDL
| Symbol | Grade | Weight | |
|---|---|---|---|
| CRWD | B | -5.07% | |
| ORCL | A | -4.68% | |
| ADBE | B | -4.61% | |
| SAP | A | -4.43% | |
| NOW | A | -4.3% | |
| MSTR | D | -4.12% | |
| ADSK | B | -3.94% | |
| TEAM | C | -3.77% | |
| SNOW | D | -3.64% | |
| CRM | C | -3.53% | |
| WDAY | D | -3.48% | |
| VEEV | D | -3.44% | |
| ZS | B | -3.06% | |
| NTNX | C | -2.5% | |
| ZM | F | -2.48% | |
| AKAM | F | -2.43% | |
| DOCU | C | -1.94% | |
| TWLO | D | -1.76% | |
| PAYC | F | -1.3% | |
| SPSC | B | -1.25% | |
| PCTY | F | -1.06% | |
| DBX | D | -1.03% | |
| QLYS | D | -0.93% | |
| BILL | F | -0.92% | |
| APPF | B | -0.89% | |
| ACIW | A | -0.74% | |
| INFA | B | -0.72% | |
| BOX | D | -0.66% | |
| WK | F | -0.65% | |
| BLKB | D | -0.6% | |
| FIVN | D | -0.57% | |
| AI | B | -0.55% | |
| ALRM | C | -0.54% | |
| BL | D | -0.44% | |
| RNG | F | -0.41% | |
| FRSH | D | -0.4% | |
| NCNO | B | -0.37% | |
| DOCN | C | -0.32% | |
| CWAN | B | -0.32% | |
| ZUO | C | -0.23% | |
| PRO | F | -0.22% | |
| PYCR | D | -0.16% | |
| RDWR | C | -0.12% | |
| VMEO | F | -0.1% | |
| BLND | C | -0.07% | |
| ENFN | D | -0.07% | |
| SEMR | C | -0.05% |
MNA: Top Represented Industries & Keywords
CLDL: Top Represented Industries & Keywords
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