MNA vs. XSW ETF Comparison

Comparison of IQ Merger Arbitrage ETF (MNA) to SPDR S&P Software & Services ETF (XSW)

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

$32.88

Average Daily Volume

41,918

Number of Holdings ^*

* may have additional holdings in another (foreign) market

XSW

SPDR S&P Software & Services ETF

XSW Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the computer software segment of a U.S. total market composite index. In seeking to track the performance of the S&P Software & Services Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the software and services industry group of the S&P Total Stock Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$156.78

Average Daily Volume

9,665

Number of Holdings ^*

134

* may have additional holdings in another (foreign) market

Performance

Period	MNA	XSW
30 Days	0.46%	-0.29%
60 Days	2.21%	6.14%
90 Days	3.76%	3.30%
12 Months	5.70%	24.05%

5 Overlapping Holdings

Symbol	Grade	Weight in MNA	Weight in XSW	Overlap
ENV	C	2.56%	0.69%	0.69%
HCP	B	4.32%	0.69%	0.69%
INST	C	2.62%	0.69%	0.69%
PRFT	A	2.0%	0.69%	0.69%
PWSC	C	2.26%	0.69%	0.69%

MNA Overweight 44 Positions Relative to XSW

Symbol	Grade	Weight
DFS	C	6.74%
CTLT	B	5.71%
JNPR	C	5.05%
MRO	D	3.16%
SHV	B	2.91%
BALY	B	2.73%
SRCL	B	2.65%
ALE	A	2.6%
SQSP	A	2.59%
AXNX	A	2.34%
CHX	F	2.26%
K	B	1.9%
IBTX	D	1.82%
INFN	C	1.72%
AY	B	1.64%
SPR	D	1.63%
RCM	B	1.6%
EVRI	B	1.52%
SRCL	B	1.26%
VZIO	B	1.25%
TELL	B	1.21%
FBMS	C	1.01%
HTLF	C	0.86%
AGS	D	0.76%
HAYN	B	0.74%
PETQ	A	0.68%
AAN	D	0.63%
CHUY	B	0.44%
PFC	D	0.41%
CFB	D	0.3%
RVNC	D	0.28%
SRDX	D	0.27%
PGRU	B	0.27%
CLF	D	-0.23%
BUSE	D	-0.3%
FA	A	-0.4%
WSBC	D	-0.41%
UMBF	C	-0.88%
RNST	D	-1.02%
BA	F	-1.38%
SSB	C	-1.85%
SLB	F	-2.3%
IP	B	-3.71%
COF	C	-7.42%

MNA Underweight 129 Positions Relative to XSW

Symbol	Grade	Weight
CIFR	F	-0.91%
MSTR	C	-0.85%
AUR	C	-0.81%
WULF	D	-0.8%
SEMR	B	-0.78%
U	D	-0.78%
APP	B	-0.78%
PRGS	B	-0.78%
CRWD	D	-0.76%
RIOT	F	-0.75%
DOCU	B	-0.75%
CRM	C	-0.75%
RPD	D	-0.75%
HUBS	D	-0.75%
QXO	F	-0.74%
MARA	F	-0.74%
ZETA	B	-0.74%
PEGA	C	-0.74%
RNG	F	-0.74%
WK	D	-0.74%
YOU	C	-0.74%
CLSK	F	-0.74%
ALTR	C	-0.74%
PRO	F	-0.73%
QTWO	C	-0.73%
AGYS	D	-0.73%
BL	D	-0.73%
SMAR	A	-0.73%
PTC	D	-0.73%
INTA	C	-0.73%
MANH	C	-0.73%
APPN	D	-0.73%
S	D	-0.73%
TDC	D	-0.73%
NCNO	D	-0.73%
PCOR	D	-0.73%
ORCL	C	-0.72%
DT	C	-0.72%
SPT	F	-0.72%
DDOG	D	-0.72%
VRNS	C	-0.72%
ATEN	C	-0.72%
SNPS	F	-0.72%
RBRK	F	-0.72%
CWAN	C	-0.72%
PLTK	C	-0.72%
AI	F	-0.72%
DLB	D	-0.72%
ESTC	F	-0.71%
IBM	C	-0.71%
ZM	B	-0.71%
FICO	C	-0.71%
DBX	C	-0.71%
QLYS	F	-0.71%
ADSK	C	-0.71%
FTNT	C	-0.71%
ALKT	D	-0.71%
GWRE	A	-0.71%
ACIW	A	-0.71%
PLTR	C	-0.71%
PD	F	-0.71%
APPF	C	-0.71%
IDCC	A	-0.71%
NABL	F	-0.71%
VERX	B	-0.7%
ANSS	D	-0.7%
CDNS	D	-0.7%
PATH	D	-0.7%
BSY	D	-0.7%
SWI	C	-0.7%
BILL	D	-0.7%
CVLT	C	-0.7%
SPSC	D	-0.69%
BLND	C	-0.69%
ACN	B	-0.69%
ALRM	F	-0.69%
ROP	C	-0.69%
IOT	C	-0.69%
TENB	F	-0.69%
NOW	C	-0.69%
TTWO	F	-0.69%
KD	F	-0.69%
DJCO	C	-0.69%
ASGN	D	-0.69%
FIVN	F	-0.69%
NTNX	D	-0.69%
ZS	F	-0.69%
FRSH	F	-0.69%
MITK	F	-0.69%
BOX	C	-0.68%
TEAM	D	-0.68%
JAMF	F	-0.68%
DV	F	-0.68%
SOUN	D	-0.68%
INFA	D	-0.68%
EPAM	F	-0.68%
ETWO	D	-0.68%
EA	D	-0.68%
BLKB	C	-0.68%
TYL	C	-0.68%
CTSH	C	-0.68%
MSFT	C	-0.68%
IT	C	-0.68%
VRNT	F	-0.67%
CXM	F	-0.67%
WDAY	D	-0.67%
DXC	D	-0.67%
CFLT	F	-0.67%
ZUO	F	-0.67%
RAMP	F	-0.66%
OSPN	C	-0.66%
ADBE	F	-0.66%
RBLX	C	-0.66%
PANW	D	-0.66%
ASAN	F	-0.66%
NNBR	C	-0.65%
INTU	F	-0.65%
BRZE	F	-0.65%
GTLB	D	-0.65%
OLO	F	-0.63%
MLNK	F	-0.6%
YEXT	B	-0.59%
IBUY	A	-0.55%
GDYN	B	-0.54%
WEAV	B	-0.47%
CCSI	C	-0.42%
DMRC	F	-0.39%
HCKT	C	-0.38%
AMSWA	C	-0.28%