MNA vs. MLPX ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to Global X MLP & Energy Infrastructure ETF (MLPX)
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
MLPX
Global X MLP & Energy Infrastructure ETF
MLPX Description
The investment seeks to provide investment results that correspond generally to the price and yield performance of the Solactive MLP & Energy Infrastructure Index. The fund invests at least 80% of its total assets in the securities of the underlying index. It also invests at least 80% of its total assets in securities of master limited partnerships and energy infrastructure corporations. The fund's 80% investment policies are non-fundamental and require 60 days' prior written notice to shareholders before it can be changed. The underlying index tracks the performance of MLPs and energy infrastructure corporations. It is non-diversified.Grade (RS Rating)
Last Trade
$56.65
Average Daily Volume
229,947
21
Performance
| Period | MNA | MLPX |
|---|---|---|
| 30 Days | 0.70% | 6.35% |
| 60 Days | 2.68% | 13.90% |
| 90 Days | 3.67% | 11.77% |
| 12 Months | 6.07% | 45.12% |
0 Overlapping Holdings
| Symbol | Grade | Weight in MNA | Weight in MLPX | Overlap |
|---|
MNA Underweight 21 Positions Relative to MLPX
MNA: Top Represented Industries & Keywords
MLPX: Top Represented Industries & Keywords
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