MNA vs. OILT ETF Comparison

Comparison of IQ Merger Arbitrage ETF (MNA) to Texas Capital Texas Oil Index ETF (OILT)
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

$32.87

Average Daily Volume

41,877

Number of Holdings *

51

* may have additional holdings in another (foreign) market
OILT

Texas Capital Texas Oil Index ETF

OILT Description OILT aims to track the performance of an economic-value weighted index of energy companies that extract oil and gas within Texas. Companies in the index must be publicly traded and responsible for more than 0.1% of the annual state oil and gas production of Texas over the past 10 years based on data from the Texas Railroad Commission. The companies are sensitive to the price of West Texas Intermediate crude oil. Global and domestic infrastructure and trading have created efficiencies that have made the US a net exporter of oil and may positively impact the profitability of these companies. The stocks are weighted in the index by the aggregated economic value of oil and gas production of the company and multiplying it by the average oil and gas futures prices from the last day of trading of February in the current and previous year. Outside of extraordinary events, the index is reconstituted annually and rebalanced quarterly.

Grade (RS Rating)

Last Trade

$25.05

Average Daily Volume

1,047

Number of Holdings *

24

* may have additional holdings in another (foreign) market
Performance
Period MNA OILT
30 Days 0.65% -2.72%
60 Days 2.31% -7.77%
90 Days 5.42% -4.77%
12 Months 5.61%
1 Overlapping Holdings
Symbol Grade Weight in MNA Weight in OILT Overlap
MRO C 2.98% 4.34% 2.98%
MNA Overweight 50 Positions Relative to OILT
Symbol Grade Weight
DFS B 6.38%
CTLT B 5.69%
JNPR A 5.04%
HCP A 4.34%
BALY B 2.73%
SRCL B 2.66%
INST D 2.63%
ALE B 2.61%
SQSP A 2.6%
ENV C 2.58%
AXNX A 2.34%
PWSC C 2.26%
CHX D 2.06%
PRFT A 2.01%
K A 1.89%
IBTX C 1.74%
SPR D 1.67%
AY B 1.64%
INFN B 1.62%
RCM C 1.6%
EVRI C 1.52%
VZIO A 1.25%
SRCL B 1.24%
HA A 1.23%
TELL C 1.19%
FBMS B 0.99%
HTLF B 0.83%
AGS D 0.76%
SILK A 0.76%
WKME A 0.75%
HAYN D 0.75%
PETQ A 0.68%
AAN C 0.64%
CHUY C 0.44%
PFC C 0.42%
RVNC D 0.34%
CFB D 0.3%
SRDX D 0.27%
PGRU A 0.27%
CLF F -0.21%
BUSE C -0.3%
FA B -0.4%
WSBC D -0.43%
UMBF B -0.85%
RNST D -1.01%
BA F -1.44%
SSB B -1.75%
SLB F -2.13%
IP C -3.61%
COF A -6.9%
MNA Underweight 23 Positions Relative to OILT
Symbol Grade Weight
XOM D -9.11%
COP D -8.45%
FANG D -8.13%
EOG D -7.82%
OXY F -7.71%
CVX D -4.37%
APA F -4.23%
DVN F -4.05%
OVV F -3.99%
SM D -3.83%
PR D -3.61%
CRGY D -3.57%
KMI A -2.86%
BP D -2.47%
MGY C -1.67%
CRK D -1.6%
CTRA D -1.59%
CHK D -1.49%
MUR F -1.47%
TTE C -1.06%
REI F -0.88%
REPX D -0.74%
MTDR F -0.34%
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