MNA vs. KRE ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to SPDR S&P Regional Banking ETF (KRE)
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
KRE
SPDR S&P Regional Banking ETF
KRE Description
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the regional banking segment of the U.S. banking industry. In seeking to track the performance of the S&P Regional Banks Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the regional banks industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.Grade (RS Rating)
Last Trade
$58.64
Average Daily Volume
12,549,756
140
Performance
Period | MNA | KRE |
---|---|---|
30 Days | -0.36% | 7.42% |
60 Days | 0.31% | 2.08% |
90 Days | 2.05% | 9.66% |
12 Months | 5.88% | 43.73% |
10 Overlapping Holdings
Symbol | Grade | Weight in MNA | Weight in KRE | Overlap | |
---|---|---|---|---|---|
BUSE | D | -0.38% | 0.15% | -0.38% | |
CFB | D | 0.37% | 0.13% | 0.13% | |
FBMS | B | 1.04% | 0.24% | 0.24% | |
HTLF | A | 1.08% | 0.41% | 0.41% | |
IBTX | B | 1.82% | 0.43% | 0.43% | |
PFC | A | 0.55% | 0.15% | 0.15% | |
RNST | B | -1.05% | 0.44% | -1.05% | |
SSB | B | -1.83% | 1.63% | -1.83% | |
UMBF | A | -1.1% | 1.29% | -1.1% | |
WSBC | A | -0.56% | 0.23% | -0.56% |
MNA Overweight 34 Positions Relative to KRE
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% | |
AXNX | A | 2.38% | |
SPR | C | 2.13% | |
AY | A | 2.08% | |
RCM | A | 2.0% | |
INFN | B | 1.75% | |
EVRI | A | 1.58% | |
SRCL | A | 1.46% | |
VZIO | C | 1.33% | |
PETQ | A | 0.85% | |
AGS | A | 0.83% | |
HAYN | A | 0.75% | |
GATO | B | 0.51% | |
RVNC | C | 0.4% | |
PGRU | A | 0.35% | |
SRDX | D | 0.26% | |
CLF | C | -0.26% | |
FA | D | -0.46% | |
BA | F | -1.85% | |
IP | A | -3.56% | |
COF | A | -7.9% |
MNA Underweight 130 Positions Relative to KRE
Symbol | Grade | Weight | |
---|---|---|---|
MTB | B | -5.05% | |
RF | B | -4.74% | |
HBAN | B | -4.74% | |
CFG | A | -4.56% | |
TFC | C | -4.55% | |
FHN | B | -3.72% | |
ZION | B | -3.02% | |
WAL | C | -2.36% | |
WBS | B | -2.34% | |
OZK | B | -2.34% | |
SNV | B | -2.25% | |
EWBC | A | -2.18% | |
COLB | A | -1.92% | |
CFR | B | -1.9% | |
VLY | A | -1.56% | |
CADE | B | -1.48% | |
PNFP | A | -1.46% | |
WTFC | B | -1.37% | |
AX | B | -1.33% | |
PB | B | -1.29% | |
BPOP | F | -1.14% | |
ONB | A | -1.14% | |
FNB | A | -1.12% | |
CBSH | A | -1.07% | |
TBBK | D | -1.04% | |
ASB | A | -1.0% | |
BANC | B | -1.0% | |
HWC | A | -0.89% | |
TCBI | B | -0.86% | |
BKU | C | -0.81% | |
GBCI | A | -0.8% | |
FULT | B | -0.8% | |
HOMB | B | -0.78% | |
FFIN | D | -0.77% | |
BOH | A | -0.73% | |
CUBI | D | -0.72% | |
FBP | D | -0.71% | |
ABCB | B | -0.67% | |
UBSI | A | -0.62% | |
FIBK | B | -0.62% | |
EBC | C | -0.55% | |
PFS | B | -0.54% | |
AUB | C | -0.54% | |
CVBF | B | -0.53% | |
BOKF | B | -0.53% | |
INDB | B | -0.51% | |
CATY | A | -0.51% | |
CBU | A | -0.5% | |
SFBS | A | -0.48% | |
FHB | A | -0.47% | |
WAFD | D | -0.47% | |
UCB | D | -0.46% | |
IBOC | B | -0.46% | |
TFIN | B | -0.43% | |
PPBI | B | -0.42% | |
WSFS | D | -0.42% | |
SBCF | B | -0.4% | |
BANR | A | -0.39% | |
CASH | A | -0.38% | |
NBHC | A | -0.38% | |
SFNC | A | -0.37% | |
TRMK | B | -0.33% | |
HTH | D | -0.33% | |
FFBC | A | -0.32% | |
SASR | A | -0.3% | |
OFG | C | -0.3% | |
HOPE | D | -0.29% | |
VBTX | B | -0.29% | |
PRK | A | -0.28% | |
FRME | C | -0.28% | |
NWBI | C | -0.28% | |
FCF | D | -0.28% | |
BHLB | B | -0.26% | |
EGBN | A | -0.26% | |
TOWN | D | -0.25% | |
NBTB | D | -0.25% | |
LKFN | B | -0.24% | |
BANF | B | -0.24% | |
FBK | B | -0.21% | |
FBNC | D | -0.21% | |
EFSC | B | -0.21% | |
LOB | D | -0.21% | |
CHCO | A | -0.2% | |
PFBC | B | -0.2% | |
BRKL | A | -0.19% | |
DCOM | B | -0.19% | |
WABC | B | -0.19% | |
OCFC | A | -0.18% | |
CFFN | A | -0.17% | |
QCRH | B | -0.17% | |
STBA | D | -0.16% | |
AMAL | B | -0.16% | |
MCB | B | -0.15% | |
SRCE | C | -0.15% | |
HAFC | A | -0.15% | |
CPF | C | -0.15% | |
TCBK | C | -0.15% | |
FFWM | D | -0.15% | |
SYBT | B | -0.15% | |
HFWA | A | -0.14% | |
PEBO | B | -0.13% | |
BY | B | -0.13% | |
NFBK | C | -0.13% | |
NIC | B | -0.13% | |
HTBK | D | -0.13% | |
OSBC | B | -0.13% | |
IBCP | D | -0.12% | |
CNOB | D | -0.12% | |
TFSL | B | -0.11% | |
SBSI | D | -0.11% | |
TMP | A | -0.11% | |
CCB | A | -0.1% | |
PGC | A | -0.1% | |
OBK | D | -0.1% | |
HIFS | B | -0.1% | |
KRNY | B | -0.1% | |
WASH | B | -0.1% | |
AMTB | D | -0.09% | |
MBWM | D | -0.09% | |
CTBI | B | -0.08% | |
UVSP | B | -0.08% | |
FFIC | B | -0.08% | |
TRST | D | -0.08% | |
HBNC | A | -0.07% | |
THFF | B | -0.06% | |
CAC | A | -0.06% | |
MSBI | A | -0.06% | |
GSBC | C | -0.05% | |
HONE | D | -0.04% | |
CLBK | D | -0.04% |
MNA: Top Represented Industries & Keywords
KRE: Top Represented Industries & Keywords