MNA vs. ETEC ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to iShares Breakthrough Environmental Solutions ETF (ETEC)
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
ETEC
iShares Breakthrough Environmental Solutions ETF
ETEC Description
ETEC provides exposure to global equities categorized as emerging green technology. Selection begins with the initial index universe that then excludes companies involved in controversial issues against UNGC principles. Stocks are reviewed to meet revenue derived from eight sustainable themes: energy efficiency, green buildings and transportation, pollution prevention and reduction, renewable energy, resource efficiency technologies and services, water, and sustainable agriculture, food, and forestry. The fund excludes companies with total sustainable product revenue less than 25%. The remaining stocks are screened further to only include companies classified as green technologies. Stocks are scored within the Rogers innovation adoption curve to determine their position across the innovators-laggards spectrum, which contributes to an aggregate score. The top 50 companies with the highest aggregate scores are selected. The market cap-weighted index is reconstituted annually in December and rebalanced quarterly.Grade (RS Rating)
Last Trade
$22.71
Average Daily Volume
314
8
Performance
| Period | MNA | ETEC |
|---|---|---|
| 30 Days | 0.46% | 10.72% |
| 60 Days | 2.21% | 16.47% |
| 90 Days | 3.76% | 8.21% |
| 12 Months | 5.70% | 7.53% |
0 Overlapping Holdings
| Symbol | Grade | Weight in MNA | Weight in ETEC | Overlap |
|---|
MNA Overweight 49 Positions Relative to ETEC
| 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% |
MNA: Top Represented Industries & Keywords
ETEC: Top Represented Industries & Keywords
Compare ETFs
