MNA vs. IHI ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to iShares U.S. Medical Devices ETF (IHI)
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
$32.83
Average Daily Volume
52,891
44
IHI
iShares U.S. Medical Devices ETF
IHI Description
The investment seeks to track the investment results of an index composed of U.S. equities in the medical devices sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Select Medical Equipment Index (the "underlying index"), which measures the performance of the medical equipment sector of the U.S. equity market. The fund is non-diversified.Grade (RS Rating)
Last Trade
$59.14
Average Daily Volume
484,838
48
Performance
| Period | MNA | IHI |
|---|---|---|
| 30 Days | -0.36% | 1.28% |
| 60 Days | 0.31% | 0.65% |
| 90 Days | 2.05% | 6.20% |
| 12 Months | 5.88% | 27.20% |
MNA Overweight 42 Positions Relative to IHI
| Symbol | Grade | Weight | |
|---|---|---|---|
| DFS | A | 7.23% | |
| CTLT | D | 5.72% | |
| JNPR | A | 5.11% | |
| HCP | A | 4.32% | |
| FYBR | A | 3.74% | |
| SHV | A | 3.27% | |
| MRO | C | 3.25% | |
| SMAR | A | 3.2% | |
| SRCL | A | 2.81% | |
| BALY | A | 2.75% | |
| ALE | A | 2.67% | |
| INST | A | 2.62% | |
| ENV | A | 2.57% | |
| K | A | 2.46% | |
| SPR | C | 2.13% | |
| AY | A | 2.08% | |
| RCM | A | 2.0% | |
| IBTX | B | 1.82% | |
| INFN | B | 1.75% | |
| EVRI | A | 1.58% | |
| SRCL | A | 1.46% | |
| VZIO | C | 1.33% | |
| HTLF | A | 1.08% | |
| FBMS | B | 1.04% | |
| PETQ | A | 0.85% | |
| AGS | A | 0.83% | |
| HAYN | A | 0.75% | |
| PFC | A | 0.55% | |
| GATO | B | 0.51% | |
| RVNC | C | 0.4% | |
| CFB | D | 0.37% | |
| PGRU | A | 0.35% | |
| CLF | C | -0.26% | |
| BUSE | D | -0.38% | |
| FA | D | -0.46% | |
| WSBC | A | -0.56% | |
| RNST | B | -1.05% | |
| UMBF | A | -1.1% | |
| SSB | B | -1.83% | |
| BA | F | -1.85% | |
| IP | A | -3.56% | |
| COF | A | -7.9% |
MNA Underweight 46 Positions Relative to IHI
| Symbol | Grade | Weight | |
|---|---|---|---|
| ABT | A | -16.98% | |
| ISRG | B | -15.19% | |
| SYK | A | -10.33% | |
| GEHC | D | -4.78% | |
| EW | D | -4.61% | |
| BSX | C | -4.58% | |
| BDX | C | -4.56% | |
| MDT | B | -4.5% | |
| RMD | A | -4.13% | |
| IDXX | F | -4.12% | |
| DXCM | C | -3.53% | |
| STE | D | -2.64% | |
| ZBH | C | -2.49% | |
| BAX | F | -2.21% | |
| HOLX | A | -2.21% | |
| PODD | A | -1.96% | |
| TFX | F | -1.31% | |
| GMED | A | -0.98% | |
| PEN | A | -0.94% | |
| GKOS | B | -0.84% | |
| MASI | A | -0.73% | |
| INSP | D | -0.69% | |
| ITGR | D | -0.5% | |
| TMDX | F | -0.48% | |
| PRCT | A | -0.4% | |
| NVST | A | -0.38% | |
| LIVN | C | -0.34% | |
| IRTC | C | -0.29% | |
| NARI | A | -0.26% | |
| ENOV | C | -0.26% | |
| QDEL | F | -0.26% | |
| TNDM | F | -0.24% | |
| CNMD | D | -0.23% | |
| LMAT | B | -0.21% | |
| OMCL | B | -0.21% | |
| NVCR | F | -0.19% | |
| ATRC | A | -0.16% | |
| IART | C | -0.15% | |
| AORT | A | -0.12% | |
| AXGN | B | -0.07% | |
| OFIX | A | -0.07% | |
| SIBN | D | -0.06% | |
| VREX | C | -0.06% | |
| ATEC | C | -0.06% | |
| TMCI | F | -0.03% | |
| FNA | F | -0.02% |
MNA: Top Represented Industries & Keywords
IHI: Top Represented Industries & Keywords
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