PSCE vs. MNA ETF Comparison
Comparison of PowerShares S&P SmallCap Energy Portfolio (PSCE) to IQ Merger Arbitrage ETF (MNA)
PSCE
PowerShares S&P SmallCap Energy Portfolio
PSCE Description
The PowerShares S&P SmallCap Energy Portfolio (Fund) is based on the S&P SmallCap 600® Capped Energy Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to measure the overall performance of common stocks of US energy companies. These companies are principally engaged in the business of producing, distributing or servicing energy related products, including oil and gas exploration and production, refining, oil services, pipeline, and solar, wind and other non-oil based energy. The Index is a subset of the S&P SmallCap 600® Index, which is a float-adjusted, market-capitalization-weighted index reflecting the US small-cap market. The Fund and the Index are rebalanced and reconstituted quarterly.
Grade (RS Rating)
Last Trade
$51.97
Average Daily Volume
39,156
28
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
44
Performance
| Period | PSCE | MNA |
|---|---|---|
| 30 Days | -0.27% | 1.42% |
| 60 Days | -4.52% | 1.91% |
| 90 Days | -10.21% | 1.68% |
| 12 Months | 14.31% | 3.17% |
1 Overlapping Holdings
| Symbol | Grade | Weight in PSCE | Weight in MNA | Overlap | |
|---|---|---|---|---|---|
| SLCA | B | 2.02% | 0.49% | 0.49% |
PSCE Overweight 27 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| SM | D | 8.01% | |
| TDW | C | 7.35% | |
| MGY | B | 7.35% | |
| HP | D | 5.64% | |
| NOG | C | 5.54% | |
| WHD | C | 5.49% | |
| CRC | C | 4.7% | |
| AROC | B | 4.62% | |
| PTEN | F | 4.5% | |
| LBRT | D | 4.3% | |
| CEIX | B | 4.27% | |
| OII | B | 3.91% | |
| BTU | C | 3.82% | |
| TALO | F | 3.16% | |
| HLX | B | 2.75% | |
| LPG | C | 2.39% | |
| PARR | F | 2.21% | |
| GPRE | F | 1.8% | |
| CRK | D | 1.71% | |
| CLB | B | 1.55% | |
| VTOL | C | 1.36% | |
| CVI | F | 1.3% | |
| PUMP | F | 1.17% | |
| REX | F | 1.14% | |
| DRQ | F | 1.07% | |
| NBR | F | 1.06% | |
| RES | F | 0.88% |
PSCE Underweight 43 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| DFS | B | -6.57% | |
| ANSS | C | -6.39% | |
| X | C | -6.29% | |
| 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% | |
| SRCL | B | -0.89% | |
| AGS | B | -0.79% | |
| HAYN | C | -0.78% | |
| EVBG | B | -0.78% | |
| OSG | A | -0.74% | |
| AMK | B | -0.72% | |
| HA | C | -0.64% | |
| NWLI | A | -0.6% | |
| MODN | B | -0.44% | |
| HTLF | B | -0.35% | |
| SRDX | A | -0.31% | |
| FA | C | --0.26% | |
| UMBF | C | --0.36% | |
| WSC | F | --0.46% | |
| AA | B | --0.89% | |
| 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% |
PSCE: Top Represented Industries & Keywords
MNA: Top Represented Industries & Keywords
Compare ETFs
