MNA vs. WFH ETF Comparison
Comparison of IQ Merger Arbitrage ETF (MNA) to Direxion Work From Home ETF (WFH)
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
$32.66
Average Daily Volume
49,281
45
WFH
Direxion Work From Home ETF
WFH Description
The Direxion Work From Home ETF offers exposure to companies across four technology pillars, allowing investors to gain exposure to those companies that stand to benefit from an increasingly flexible work environment. The four pillars include Cloud Technologies, Cybersecurity, Online Project and Document Management, and Remote Communications. Companies are selected for inclusion in the index by ARTIS, a proprietary natural language processing algorithm, which uses key words to evaluate large volumes of publicly available information, such as annual reports, business descriptions and financial news.Grade (RS Rating)
Last Trade
$62.42
Average Daily Volume
967
40
Performance
| Period | MNA | WFH |
|---|---|---|
| 30 Days | -0.82% | 2.67% |
| 60 Days | -0.94% | 8.11% |
| 90 Days | 0.18% | 11.49% |
| 12 Months | 6.18% | 26.69% |
1 Overlapping Holdings
| Symbol | Grade | Weight in MNA | Weight in WFH | Overlap | |
|---|---|---|---|---|---|
| SMAR | A | 3.18% | 2.54% | 2.54% |
MNA Overweight 44 Positions Relative to WFH
| Symbol | Grade | Weight | |
|---|---|---|---|
| DFS | B | 8.94% | |
| CTLT | D | 5.65% | |
| JNPR | D | 5.04% | |
| HCP | B | 4.32% | |
| FYBR | C | 3.64% | |
| MRO | A | 3.5% | |
| ALTR | B | 3.09% | |
| BALY | A | 2.77% | |
| ALE | A | 2.67% | |
| INST | B | 2.61% | |
| ENV | B | 2.56% | |
| K | B | 2.44% | |
| AXNX | A | 2.37% | |
| AY | A | 2.08% | |
| IBTX | B | 2.08% | |
| B | A | 2.05% | |
| RCM | A | 1.99% | |
| SPR | D | 1.99% | |
| INFN | D | 1.72% | |
| NAPA | A | 1.58% | |
| EVRI | A | 1.57% | |
| SASR | A | 1.49% | |
| VZIO | A | 1.33% | |
| HTLF | B | 1.27% | |
| FBMS | B | 1.22% | |
| ZUO | B | 1.17% | |
| AGS | A | 0.83% | |
| HAYN | A | 0.75% | |
| PFC | A | 0.65% | |
| GATO | C | 0.43% | |
| RVNC | F | 0.43% | |
| CFB | B | 0.41% | |
| PGRU | A | 0.35% | |
| SRDX | C | 0.26% | |
| BUSE | B | -0.42% | |
| WSBC | A | -0.66% | |
| CDE | C | -1.15% | |
| RNST | B | -1.23% | |
| UMBF | B | -1.29% | |
| AUB | A | -1.51% | |
| BA | F | -1.69% | |
| SSB | B | -2.1% | |
| IP | A | -4.38% | |
| COF | B | -9.54% |
MNA Underweight 39 Positions Relative to WFH
| Symbol | Grade | Weight | |
|---|---|---|---|
| TEAM | B | -3.32% | |
| HUBS | B | -3.04% | |
| DOCU | B | -3.02% | |
| CRM | B | -2.89% | |
| ZS | B | -2.86% | |
| CRWD | B | -2.86% | |
| ORCL | A | -2.86% | |
| PEGA | B | -2.81% | |
| ATUS | C | -2.76% | |
| MRVL | B | -2.76% | |
| RNG | C | -2.72% | |
| NOW | B | -2.68% | |
| FTNT | B | -2.65% | |
| AMZN | B | -2.63% | |
| DDOG | B | -2.61% | |
| ZM | B | -2.61% | |
| S | C | -2.55% | |
| NET | B | -2.54% | |
| CSCO | B | -2.51% | |
| PANW | B | -2.46% | |
| META | C | -2.43% | |
| GOOGL | B | -2.42% | |
| AVGO | C | -2.38% | |
| MOMO | D | -2.34% | |
| CYBR | A | -2.34% | |
| NTCT | B | -2.32% | |
| DOCN | F | -2.3% | |
| YY | C | -2.29% | |
| WDAY | C | -2.26% | |
| BOX | B | -2.25% | |
| MSFT | D | -2.25% | |
| IBM | D | -2.21% | |
| OKTA | D | -2.2% | |
| SNX | C | -2.16% | |
| NTAP | D | -2.14% | |
| VZ | C | -2.12% | |
| VRNS | F | -2.04% | |
| ADBE | F | -1.98% | |
| XRX | F | -1.66% |
MNA: Top Represented Industries & Keywords
WFH: Top Represented Industries & Keywords
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