MNA vs. TPYP ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to Tortoise North American Pipeline Fund ETF (TPYP)
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
$32.00
Average Daily Volume
38,456
42
TPYP
Tortoise North American Pipeline Fund ETF
TPYP Description
The investment seeks investment results that correspond generally to the price and distribution rate (total return) performance of the Tortoise North American Pipeline Index (the "underlying index"). The fund will normally invest at least 80% of its total assets in securities that comprise the underlying index (or depository receipts based on such securities). The underlying index is a proprietary rules-based, capitalization weighted, float adjusted index designed to track the overall performance of equity securities of North American Pipeline Companies. The fund is non-diversified.Grade (RS Rating)
Last Trade
$29.14
Average Daily Volume
46,973
36
Performance
| Period | MNA | TPYP |
|---|---|---|
| 30 Days | 2.15% | 2.58% |
| 60 Days | 2.69% | 3.24% |
| 90 Days | 2.05% | 6.70% |
| 12 Months | 2.78% | 22.25% |
1 Overlapping Holdings
| Symbol | Grade | Weight in MNA | Weight in TPYP | Overlap | |
|---|---|---|---|---|---|
| ETRN | D | 5.91% | 1.86% | 1.86% |
MNA Overweight 41 Positions Relative to TPYP
| Symbol | Grade | Weight | |
|---|---|---|---|
| DFS | C | 6.83% | |
| ANSS | B | 6.34% | |
| X | C | 6.33% | |
| CTLT | B | 5.52% | |
| JNPR | B | 4.93% | |
| HCP | C | 4.45% | |
| MRO | C | 3.27% | |
| SWN | D | 2.73% | |
| CERE | C | 2.73% | |
| ALE | C | 2.47% | |
| AXNX | B | 2.36% | |
| HIBB | A | 2.32% | |
| CHX | D | 2.1% | |
| OLK | A | 2.06% | |
| WIRE | A | 1.97% | |
| PRFT | B | 1.95% | |
| IBTX | B | 1.51% | |
| VZIO | B | 1.12% | |
| MGRC | D | 1.09% | |
| SRCL | B | 0.88% | |
| HAYN | C | 0.77% | |
| EVBG | B | 0.77% | |
| AGS | C | 0.77% | |
| OSG | A | 0.73% | |
| AMK | B | 0.71% | |
| HA | C | 0.61% | |
| NWLI | A | 0.58% | |
| SLCA | C | 0.48% | |
| HTLF | A | 0.35% | |
| SRDX | A | 0.3% | |
| FA | D | -0.26% | |
| UMBF | A | -0.36% | |
| WSC | F | -0.44% | |
| AA | C | -0.9% | |
| SSB | C | -1.52% | |
| SLB | D | -2.19% | |
| CHK | D | -2.88% | |
| IP | C | -3.4% | |
| SNPS | B | -4.07% | |
| EQT | D | -5.92% | |
| COF | D | -7.3% |
MNA Underweight 35 Positions Relative to TPYP
| Symbol | Grade | Weight | |
|---|---|---|---|
| WMB | B | -7.5% | |
| OKE | B | -7.43% | |
| LNG | B | -7.26% | |
| KMI | A | -7.03% | |
| TRGP | A | -4.17% | |
| ET | B | -4.08% | |
| NI | A | -4.05% | |
| EPD | B | -4.01% | |
| ATO | C | -3.95% | |
| MPLX | C | -3.15% | |
| PAA | B | -1.7% | |
| AM | B | -1.66% | |
| NFG | C | -1.65% | |
| WES | B | -1.57% | |
| DTM | B | -1.44% | |
| SWX | D | -1.43% | |
| NJR | C | -1.38% | |
| SUN | C | -1.21% | |
| OGS | B | -1.17% | |
| SR | D | -1.14% | |
| ENLC | C | -1.03% | |
| AROC | B | -0.9% | |
| CPK | D | -0.78% | |
| PAGP | B | -0.77% | |
| HESM | A | -0.69% | |
| KNTK | B | -0.49% | |
| NWN | F | -0.45% | |
| NFE | F | -0.45% | |
| CQP | C | -0.4% | |
| USAC | D | -0.35% | |
| GEL | C | -0.33% | |
| GLP | D | -0.26% | |
| DKL | C | -0.1% | |
| CAPL | D | -0.08% | |
| EE | B | -0.07% |
MNA: Top Represented Industries & Keywords
TPYP: Top Represented Industries & Keywords
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