MNA vs. RDVY ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to First Trust NASDAQ Rising Dividend Achievers ETF (RDVY)
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
$31.69
Average Daily Volume
42,179
44
RDVY
First Trust NASDAQ Rising Dividend Achievers ETF
RDVY Description
The investment seeks investment results that correspond generally to the price and yield (before the fees and expenses) of the NASDAQ US Rising Dividend Achievers Index. The fund will normally invest at least 90% of its net assets (plus the amount of any borrowings for investment purposes) in securities that comprise the index. The index is composed of the securities of 50 companies with a history of raising their dividends and exhibit the characteristics to continue to do so in the future. The index is designed to provide access to a diversified portfolio of small, mid and large capitalization income producing securities. The fund is non-diversified.Grade (RS Rating)
Last Trade
$54.88
Average Daily Volume
640,143
50
Performance
| Period | MNA | RDVY |
|---|---|---|
| 30 Days | 1.25% | 0.18% |
| 60 Days | 2.01% | 1.27% |
| 90 Days | 1.28% | -0.05% |
| 12 Months | 2.99% | 16.90% |
MNA Overweight 41 Positions Relative to RDVY
| Symbol | Grade | Weight | |
|---|---|---|---|
| ANSS | C | 6.39% | |
| X | D | 6.29% | |
| ETRN | D | 6.21% | |
| CTLT | B | 5.66% | |
| JNPR | B | 4.93% | |
| HCP | A | 4.54% | |
| MRO | B | 3.35% | |
| AIRC | A | 2.85% | |
| SWN | C | 2.77% | |
| CERE | D | 2.65% | |
| ALE | C | 2.58% | |
| AXNX | B | 2.42% | |
| HIBB | A | 2.38% | |
| CHX | C | 2.13% | |
| OLK | A | 2.06% | |
| WIRE | A | 2.01% | |
| PRFT | B | 1.99% | |
| IBTX | B | 1.47% | |
| VZIO | B | 1.15% | |
| MGRC | F | 1.14% | |
| SRCL | A | 0.89% | |
| AGS | B | 0.79% | |
| HAYN | C | 0.78% | |
| EVBG | B | 0.78% | |
| OSG | A | 0.74% | |
| AMK | B | 0.72% | |
| HA | D | 0.64% | |
| NWLI | A | 0.6% | |
| SLCA | B | 0.49% | |
| MODN | B | 0.44% | |
| HTLF | B | 0.35% | |
| SRDX | A | 0.31% | |
| FA | C | -0.26% | |
| UMBF | B | -0.36% | |
| WSC | F | -0.46% | |
| AA | B | -0.89% | |
| SSB | D | -1.49% | |
| SLB | C | -2.22% | |
| IP | C | -3.74% | |
| SNPS | B | -4.1% | |
| EQT | D | -6.21% |
MNA Underweight 47 Positions Relative to RDVY
| Symbol | Grade | Weight | |
|---|---|---|---|
| CRC | B | -2.1% | |
| MLI | C | -2.05% | |
| EOG | C | -2.05% | |
| SYF | B | -2.04% | |
| XOM | C | -2.04% | |
| CF | F | -2.03% | |
| MGY | B | -2.03% | |
| JPM | A | -2.02% | |
| EWBC | C | -2.02% | |
| JXN | B | -2.02% | |
| CTSH | C | -2.02% | |
| MSFT | A | -2.01% | |
| MA | D | -2.01% | |
| EQH | B | -2.01% | |
| RF | B | -2.01% | |
| HIG | C | -2.01% | |
| AFL | B | -2.0% | |
| ODFL | D | -2.0% | |
| FITB | C | -2.0% | |
| MTB | B | -2.0% | |
| PCAR | D | -2.0% | |
| AXP | C | -2.0% | |
| LRCX | A | -2.0% | |
| ELV | C | -2.0% | |
| RDN | B | -2.0% | |
| GRMN | C | -1.99% | |
| BAC | A | -1.99% | |
| AMAT | B | -1.99% | |
| OMC | D | -1.99% | |
| MTG | B | -1.99% | |
| CB | C | -1.99% | |
| IPG | F | -1.99% | |
| KLAC | B | -1.99% | |
| RS | D | -1.98% | |
| LEN | D | -1.98% | |
| ACN | C | -1.98% | |
| CSCO | D | -1.98% | |
| V | D | -1.98% | |
| SNA | F | -1.98% | |
| SLM | C | -1.98% | |
| DHI | D | -1.98% | |
| AAPL | A | -1.98% | |
| WSM | D | -1.97% | |
| NKE | F | -1.96% | |
| STLD | D | -1.96% | |
| NUE | D | -1.92% | |
| QCOM | B | -1.9% |
MNA: Top Represented Industries & Keywords
RDVY: Top Represented Industries & Keywords
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