MNA vs. PSCM ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to PowerShares S&P SmallCap Materials Portfolio (PSCM)
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
$32.80
Average Daily Volume
49,131
44
PSCM
PowerShares S&P SmallCap Materials Portfolio
PSCM Description
The PowerShares S&P SmallCap Materials Portfolio (Fund) is based on the S&P SmallCap 600® Capped Materials Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to measure the overall performance of common stocks of US basic materials companies. These companies are principally engaged in the business of producing raw materials, including paper or wood products, chemicals, construction materials, and mining and metals. The Index is a subset of the S&P SmallCap 600® Index, which is a float-adjusted, market-capitalization-weighted index reflecting the US small-cap market. The Fund and the Index are rebalanced and reconstituted quarterly.Grade (RS Rating)
Last Trade
$84.61
Average Daily Volume
1,036
29
Performance
| Period | MNA | PSCM |
|---|---|---|
| 30 Days | -0.18% | 10.20% |
| 60 Days | -0.27% | 8.89% |
| 90 Days | 0.61% | 8.19% |
| 12 Months | 6.73% | 31.27% |
1 Overlapping Holdings
| Symbol | Grade | Weight in MNA | Weight in PSCM | Overlap | |
|---|---|---|---|---|---|
| HAYN | C | 0.77% | 1.03% | 0.77% |
MNA Overweight 43 Positions Relative to PSCM
| Symbol | Grade | Weight | |
|---|---|---|---|
| DFS | B | 8.65% | |
| CTLT | B | 5.63% | |
| JNPR | F | 4.99% | |
| HCP | B | 4.36% | |
| FYBR | D | 3.64% | |
| MRO | B | 3.51% | |
| SMAR | A | 3.2% | |
| ALTR | B | 3.12% | |
| BALY | C | 2.82% | |
| ALE | A | 2.69% | |
| ENV | B | 2.59% | |
| K | A | 2.47% | |
| AXNX | C | 2.39% | |
| AY | B | 2.1% | |
| B | B | 2.08% | |
| IBTX | B | 2.04% | |
| RCM | F | 2.01% | |
| SPR | D | 1.97% | |
| INFN | C | 1.72% | |
| NAPA | B | 1.6% | |
| EVRI | A | 1.59% | |
| SASR | B | 1.5% | |
| VZIO | A | 1.31% | |
| HTLF | B | 1.25% | |
| FBMS | B | 1.19% | |
| ZUO | B | 1.18% | |
| AGS | A | 0.84% | |
| PFC | A | 0.65% | |
| GATO | D | 0.41% | |
| CFB | B | 0.4% | |
| PGRU | A | 0.35% | |
| RVNC | F | 0.32% | |
| SRDX | B | 0.27% | |
| BUSE | B | -0.42% | |
| WSBC | A | -0.66% | |
| RNST | B | -1.2% | |
| CDE | D | -1.2% | |
| UMBF | B | -1.28% | |
| AUB | B | -1.5% | |
| BA | F | -1.63% | |
| SSB | B | -2.03% | |
| IP | B | -4.24% | |
| COF | B | -9.37% |
MNA Underweight 28 Positions Relative to PSCM
| Symbol | Grade | Weight | |
|---|---|---|---|
| CRS | A | -11.9% | |
| ATI | D | -9.4% | |
| BCPC | B | -7.64% | |
| SEE | C | -6.77% | |
| FUL | F | -5.4% | |
| HCC | B | -4.67% | |
| SXT | B | -4.27% | |
| ARCH | B | -4.0% | |
| SLVM | B | -3.92% | |
| IOSP | B | -3.88% | |
| AMR | C | -3.53% | |
| MTX | B | -3.44% | |
| HWKN | B | -3.15% | |
| MTRN | C | -3.13% | |
| KWR | C | -3.07% | |
| MP | B | -2.99% | |
| OI | C | -2.58% | |
| NGVT | B | -2.23% | |
| SCL | C | -2.12% | |
| WS | B | -2.0% | |
| KALU | C | -1.69% | |
| CENX | B | -1.53% | |
| SXC | A | -1.39% | |
| KOP | C | -1.06% | |
| ASIX | A | -1.05% | |
| MATV | D | -0.9% | |
| MTUS | C | -0.73% | |
| MYE | F | -0.55% |
MNA: Top Represented Industries & Keywords
PSCM: Top Represented Industries & Keywords
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