MNA vs. IAT ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to iShares U.S. Regional Banks ETF (IAT)
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
IAT
iShares U.S. Regional Banks ETF
IAT Description
The investment seeks to track the investment results of an index composed of U.S. equities in the regional banks sector. The fund generally invests at least 90% of its assets in securities of the index and in depositary receipts representing securities of the index. It seeks to track the investment results of the Dow Jones U.S. Select Regional Banks Index (the "underlying index"), which measures the performance of the regional bank sector of the U.S. equity market. The underlying index is a subset of the Dow Jones U.S. Bank Index. The fund is non-diversified.Grade (RS Rating)
Last Trade
$40.80
Average Daily Volume
135,680
35
Performance
| Period | MNA | IAT |
|---|---|---|
| 30 Days | 1.42% | 1.41% |
| 60 Days | 1.91% | -3.56% |
| 90 Days | 1.68% | -1.48% |
| 12 Months | 3.17% | 25.95% |
MNA Overweight 42 Positions Relative to IAT
| 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% | |
| EVBG | B | 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% | |
| WSC | F | -0.46% | |
| AA | B | -0.89% | |
| 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 33 Positions Relative to IAT
| Symbol | Grade | Weight | |
|---|---|---|---|
| PNC | C | -14.01% | |
| USB | D | -13.75% | |
| TFC | B | -11.6% | |
| FITB | D | -5.37% | |
| MTB | C | -4.51% | |
| FCNCA | C | -4.49% | |
| HBAN | D | -4.34% | |
| RF | B | -4.19% | |
| CFG | B | -3.77% | |
| KEY | C | -3.09% | |
| EWBC | D | -2.32% | |
| FHN | C | -1.95% | |
| WBS | D | -1.71% | |
| WAL | B | -1.6% | |
| CMA | C | -1.55% | |
| CBSH | C | -1.5% | |
| ZION | C | -1.48% | |
| BPOP | D | -1.45% | |
| CFR | D | -1.45% | |
| WTFC | D | -1.39% | |
| PNFP | D | -1.37% | |
| SNV | B | -1.36% | |
| PB | D | -1.33% | |
| FNB | C | -1.12% | |
| HOMB | D | -1.02% | |
| OZK | D | -0.99% | |
| UBSI | D | -0.99% | |
| GBCI | D | -0.96% | |
| FFIN | D | -0.87% | |
| VLY | F | -0.66% | |
| NYCB | D | -0.6% | |
| BOKF | D | -0.56% | |
| TFSL | D | -0.14% |
MNA: Top Represented Industries & Keywords
IAT: Top Represented Industries & Keywords
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