MPAY vs. IWLG ETF Comparison
Comparison of Akros Monthly Payout ETF (MPAY) to IQ MacKay Municipal Insured ETF (IWLG)
MPAY
Akros Monthly Payout ETF
MPAY Description
MPAY seeks to provide potential monthly distributions, which may include return of capital to investors. The index is generally comprised of 50 stocks and 18 ETFs. For the stock component of the index, only those listed on a US exchange and have a market-cap of at least $1 billion may be included. A proprietary algorithm analyzes historical financial and trading data to rank and select stocks based on their excess return factor, which is a formula that gauges whether a stock could outperform future markets. The top 50 stocks are selected to be included. The ETF component of the index aims to cut across different asset classes: mainly foreign equity, broad commodity, gold, Treasurys, bonds, REITs, MBTs, and global infrastructure ETFs. Individual weights are based on a proprietary methodology that incorporates modern portfolio theory principles such as historical covariance, historical mean, historical risk contribution, and cluster analysis. The index is rebalanced monthly and is non-diversified.
Grade (RS Rating)
Last Trade
$25.57
Average Daily Volume
1,027
52
IWLG
IQ MacKay Municipal Insured ETF
IWLG Description
IQ MacKay Municipal Insured ETF seek long-term growth of capital by employing a bottom-up investment process while investing in companies that have the potential for above-average future earnings and cash flow growth. IQ MacKay Municipal Insured ETF is domiciled in the United States.Grade (RS Rating)
Last Trade
$44.22
Average Daily Volume
10,804
41
Performance
| Period | MPAY | IWLG |
|---|---|---|
| 30 Days | 1.57% | 0.43% |
| 60 Days | 2.07% | 1.25% |
| 90 Days | 2.29% | -1.10% |
| 12 Months | 21.01% | 38.15% |
17 Overlapping Holdings
| Symbol | Grade | Weight in MPAY | Weight in IWLG | Overlap | |
|---|---|---|---|---|---|
| AAPL | D | 5.94% | 8.05% | 5.94% | |
| ABT | B | 1.23% | 1.13% | 1.13% | |
| ADBE | D | 1.57% | 2.05% | 1.57% | |
| AMZN | C | 4.97% | 8.63% | 4.97% | |
| BKNG | B | 1.26% | 0.48% | 0.48% | |
| GOOGL | D | 4.73% | 3.78% | 3.78% | |
| HD | B | 1.74% | 1.07% | 1.07% | |
| INTU | C | 1.3% | 2.42% | 1.3% | |
| LLY | C | 3.04% | 1.81% | 1.81% | |
| LRCX | F | 1.32% | 1.66% | 1.32% | |
| MA | A | 1.76% | 1.38% | 1.38% | |
| MSFT | C | 5.7% | 11.19% | 5.7% | |
| NFLX | B | 1.44% | 1.01% | 1.01% | |
| NOW | B | 1.46% | 1.65% | 1.46% | |
| NVDA | D | 6.38% | 8.58% | 6.38% | |
| UNH | C | 1.74% | 1.16% | 1.16% | |
| V | A | 1.77% | 1.43% | 1.43% |
MPAY Overweight 35 Positions Relative to IWLG
| Symbol | Grade | Weight | |
|---|---|---|---|
| GLDM | A | 3.6% | |
| IAUM | A | 3.36% | |
| WMT | B | 2.21% | |
| TSLA | C | 1.83% | |
| ORCL | B | 1.78% | |
| COST | B | 1.77% | |
| XOM | D | 1.55% | |
| MRK | D | 1.53% | |
| JNJ | B | 1.46% | |
| AMAT | D | 1.45% | |
| ABBV | B | 1.45% | |
| CRM | D | 1.43% | |
| LOW | B | 1.37% | |
| QCOM | D | 1.36% | |
| ACN | C | 1.34% | |
| CVX | D | 1.32% | |
| KLAC | D | 1.32% | |
| MCD | B | 1.31% | |
| CAT | C | 1.28% | |
| HCA | A | 1.28% | |
| FTNT | B | 1.28% | |
| TJX | B | 1.28% | |
| CSCO | C | 1.28% | |
| PM | B | 1.27% | |
| LIN | B | 1.27% | |
| PEP | B | 1.25% | |
| NKE | D | 1.25% | |
| ADP | A | 1.24% | |
| AZO | C | 1.24% | |
| ABNB | D | 1.23% | |
| TXN | D | 1.23% | |
| LMT | B | 1.23% | |
| UPS | D | 1.22% | |
| RTX | C | 1.19% | |
| DELL | D | 1.02% |
MPAY Underweight 24 Positions Relative to IWLG
| Symbol | Grade | Weight | |
|---|---|---|---|
| META | B | -4.1% | |
| AVGO | C | -3.77% | |
| GOOG | D | -3.2% | |
| SPOT | C | -2.43% | |
| ISRG | B | -2.28% | |
| KKR | B | -2.16% | |
| CMG | C | -1.79% | |
| GE | A | -1.69% | |
| TT | A | -1.67% | |
| MELI | B | -1.52% | |
| FICO | A | -1.49% | |
| WDAY | D | -1.48% | |
| UBER | C | -1.44% | |
| ETN | C | -1.37% | |
| SNPS | D | -1.23% | |
| ASML | D | -1.21% | |
| ORLY | B | -1.19% | |
| SYK | B | -1.12% | |
| WCN | B | -1.06% | |
| BSX | B | -0.98% | |
| AME | D | -0.96% | |
| HLT | B | -0.96% | |
| AMD | D | -0.48% | |
| VMC | D | -0.33% |
MPAY: Top Represented Industries & Keywords
IWLG: Top Represented Industries & Keywords
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