MNA vs. ENFR ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to Alerian Energy Infrastructure ETF (ENFR)
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
$32.93
Average Daily Volume
62,649
6
ENFR
Alerian Energy Infrastructure ETF
ENFR Description
The investment seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of its underlying index, the Alerian Energy Infrastructure Index (AMEI) (the "index"). The index is comprised of 30 equity securities of issuers headquartered or incorporated in the United States and Canada that engage in the transportation, storage, and processing of energy commodities ("midstream energy businesses"). The fund will normally invest at least 90% of its total assets in securities that comprise the index (or depositary receipts based on such securities). It is non-diversified.Grade (RS Rating)
Last Trade
$29.31
Average Daily Volume
32,472
20
Performance
| Period | MNA | ENFR |
|---|---|---|
| 30 Days | 0.70% | 5.47% |
| 60 Days | 2.68% | 13.23% |
| 90 Days | 3.67% | 11.20% |
| 12 Months | 6.07% | 42.28% |
0 Overlapping Holdings
| Symbol | Grade | Weight in MNA | Weight in ENFR | Overlap |
|---|
MNA Underweight 20 Positions Relative to ENFR
MNA: Top Represented Industries & Keywords
ENFR: Top Represented Industries & Keywords
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