MNA vs. XHYI ETF Comparison

Comparison of IQ Merger Arbitrage ETF (MNA) to BondBloxx USD High Yield Bond Industrial Sector ETF (XHYI)

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

$31.76

Average Daily Volume

39,461

Number of Holdings ^*

* may have additional holdings in another (foreign) market

XHYI

BondBloxx USD High Yield Bond Industrial Sector ETF

XHYI Description

The BondBloxx USD High Yield Bond Industrial Sector ETF seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds in the industrial sector. The Fund is newly organized, non-diversified and seeks to track the investment results of the ICE Diversified US Cash Pay High Yield Core Industrial Index, which is a rules-based index consisting of U.S. dollar-denominated below investment grade bonds that contains issuers from the industrial sector, including the basic materials, capital goods, transportation and services subsectors.

Grade (RS Rating)

Last Trade

$37.67

Average Daily Volume

206

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	MNA	XHYI
30 Days	1.42%	0.76%
60 Days	1.91%	1.36%
90 Days	1.68%	1.81%
12 Months	3.17%	10.31%

4 Overlapping Holdings

Symbol	Grade	Weight in MNA	Weight in XHYI	Overlap
AA	B	-0.89%	0.27%	-0.89%
HA	C	0.64%	0.51%	0.51%
SRCL	B	0.89%	0.35%	0.35%
X	C	6.29%	0.39%	0.39%

MNA Overweight 40 Positions Relative to XHYI

Symbol	Grade	Weight
DFS	B	6.57%
ANSS	C	6.39%
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	D	2.77%
CERE	C	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	D	1.14%
AGS	B	0.79%
HAYN	C	0.78%
EVBG	B	0.78%
OSG	A	0.74%
AMK	B	0.72%
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	C	-0.36%
WSC	F	-0.46%
SSB	D	-1.49%
SLB	D	-2.22%
CHK	D	-2.94%
IP	C	-3.74%
SNPS	B	-4.1%
EQT	D	-6.21%
COF	D	-7.29%

MNA Underweight 97 Positions Relative to XHYI

Symbol	Grade	Weight
OLN	F	-0.66%
TDG	D	-0.59%
XPO	C	-0.53%
AVNT	D	-0.52%
CCK	F	-0.52%
HRI	F	-0.52%
TROX	D	-0.47%
HEES	F	-0.47%
AXTA	D	-0.45%
CASH	B	-0.43%
UBER	B	-0.41%
WCC	D	-0.41%
CCS	D	-0.4%
TSE	F	-0.39%
ACM	D	-0.39%
HI	F	-0.39%
KAR	C	-0.38%
GFF	D	-0.38%
DBD	C	-0.38%
CLH	B	-0.38%
ADT	B	-0.38%
DAL	D	-0.38%
MHO	D	-0.37%
MERC	F	-0.37%
JELD	F	-0.37%
ATI	C	-0.37%
BCO	B	-0.37%
CC	F	-0.37%
VVV	B	-0.36%
IT	B	-0.36%
AAL	F	-0.36%
NGVT	F	-0.35%
KALU	D	-0.35%
CSTM	D	-0.35%
BLDR	F	-0.35%
SAVE	F	-0.28%
MTH	D	-0.27%
SLVM	D	-0.27%
HL	C	-0.27%
TRN	D	-0.26%
RYAM	C	-0.26%
LXU	F	-0.26%
HXL	D	-0.26%
EVA	F	-0.26%
CRS	B	-0.26%
CMP	F	-0.26%
BZH	F	-0.26%
BERY	D	-0.26%
TPH	D	-0.26%
SEE	F	-0.26%
ZIP	F	-0.25%
UAN	C	-0.25%
TPC	C	-0.25%
SLGN	D	-0.25%
PBI	A	-0.25%
GLT	F	-0.25%
FUL	D	-0.25%
FLR	B	-0.25%
ENS	C	-0.25%
ASGN	D	-0.25%
CAR	F	-0.25%
TMHC	D	-0.25%
UAL	D	-0.25%
ARMK	C	-0.25%
BLD	D	-0.24%
APG	C	-0.24%
TNET	F	-0.24%
SXC	D	-0.24%
ESI	B	-0.24%
CNDT	D	-0.24%
ATGE	A	-0.24%
BECN	D	-0.24%
OI	F	-0.24%
GPK	D	-0.24%
SPR	B	-0.24%
URI	D	-0.24%
HWM	C	-0.24%
PATK	D	-0.23%
ASH	D	-0.23%
DOOR	A	-0.23%
HTZ	F	-0.23%
TWI	F	-0.13%
IBP	D	-0.13%
HCC	C	-0.13%
TGI	B	-0.13%
BTU	C	-0.12%
MATV	D	-0.12%
REZI	D	-0.12%
LPX	D	-0.12%
LGIH	F	-0.12%
BXC	F	-0.12%
ATKR	F	-0.12%
CMC	D	-0.12%
KBH	D	-0.12%
CLF	D	-0.12%
PKOH	D	-0.11%
CDE	A	-0.11%