MNA vs. PEY ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to PowerShares High Yield Dividend Achievers (PEY)
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
PEY
PowerShares High Yield Dividend Achievers
PEY Description
The PowerShares High Yield Equity Dividend Achievers Portfolio (Fund) is based on the NASDAQ US Dividend AchieversTM 50 Index (Index). The Fund will normally invest at least 90% of its total assets in dividend paying common stocks that comprise the Index. The Index is comprised of 50 stocks selected principally on the basis of dividend yield and consistent growth in dividends. The Fund and the Index are reconstituted annually in January and rebalanced quarterly in January, April, July and October. Effective December 28, 2012, the NADAQ OMX Group, Inc., replaced Mergent, Inc., as the Index Provider of the Index. Effective February 25, 2013, the name of the Index changed from Mergent Dividend Achievers 50 Index to NASDAQ Dividend Achievers 50 Index. There will be no change to the methodology by which NASDAQ OMX Group, Inc., the Index Provider, calculates the Index. Please see the Fund’s prospectus supplement for more information. On February 25, 2013, NASDAQ took the place of the NYSE as the official Index data source.Grade (RS Rating)
Last Trade
$21.59
Average Daily Volume
187,176
49
Performance
Period | MNA | PEY |
---|---|---|
30 Days | 0.70% | 0.25% |
60 Days | 2.68% | 6.05% |
90 Days | 3.67% | 12.53% |
12 Months | 6.07% | 21.96% |
0 Overlapping Holdings
Symbol | Grade | Weight in MNA | Weight in PEY | Overlap |
---|
MNA Underweight 49 Positions Relative to PEY
Symbol | Grade | Weight | |
---|---|---|---|
WBA | F | -3.78% | |
MO | D | -3.13% | |
VZ | C | -3.12% | |
UGI | C | -2.69% | |
CCOI | B | -2.69% | |
BEN | F | -2.68% | |
UVV | D | -2.61% | |
FIBK | C | -2.61% | |
PFE | D | -2.58% | |
UPS | D | -2.38% | |
LYB | B | -2.31% | |
BMY | A | -2.28% | |
NWE | C | -2.26% | |
NWN | D | -2.21% | |
AVA | D | -2.21% | |
TROW | D | -2.12% | |
SR | D | -2.08% | |
KEY | B | -2.07% | |
EVRG | C | -2.05% | |
BKH | C | -2.03% | |
TFC | D | -1.99% | |
OGE | C | -1.99% | |
CVX | B | -1.98% | |
PRU | B | -1.9% | |
PNW | C | -1.89% | |
PM | D | -1.87% | |
ES | D | -1.87% | |
MAN | D | -1.81% | |
POR | D | -1.8% | |
WSBC | D | -1.8% | |
FLO | D | -1.79% | |
RF | B | -1.79% | |
USB | C | -1.76% | |
BBY | C | -1.7% | |
IPG | D | -1.7% | |
WEC | B | -1.67% | |
IBM | A | -1.63% | |
SON | D | -1.59% | |
UBSI | D | -1.59% | |
TRN | C | -1.56% | |
SWK | C | -1.54% | |
EMN | C | -1.54% | |
PRGO | F | -1.5% | |
PNC | C | -1.49% | |
KMB | D | -1.48% | |
INDB | D | -1.45% | |
MMM | C | -1.35% | |
HPQ | B | -1.31% | |
K | B | -1.26% |
MNA: Top Represented Industries & Keywords
PEY: Top Represented Industries & Keywords