RNWZ vs. MNA ETF Comparison
Comparison of TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) to IQ Merger Arbitrage ETF (MNA)
RNWZ
TrueShares Eagle Global Renewable Energy Income ETF
RNWZ Description
The fund is an actively managed ETF that invests primarily in equity securities of domestic and foreign companies that primarily own or operate assets used in the development, generation, production, transmission, storage and sale of alternative and renewable energy such as solar power, wind power, biofuels, hydropower, nuclear or geothermal power. The fund also may invest in American Depository Receipts ("ADRs") and Global Depository Receipts ("GDRs") of Renewable Energy Infrastructure Companies. It is non-diversified.
Grade (RS Rating)
Last Trade
$22.48
Average Daily Volume
573
8
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
Performance
| Period | RNWZ | MNA |
|---|---|---|
| 30 Days | -7.44% | -0.82% |
| 60 Days | -8.69% | -0.94% |
| 90 Days | -4.65% | 0.18% |
| 12 Months | 7.31% | 6.18% |
1 Overlapping Holdings
| Symbol | Grade | Weight in RNWZ | Weight in MNA | Overlap | |
|---|---|---|---|---|---|
| ALE | A | 4.22% | 2.67% | 2.67% |
RNWZ Underweight 44 Positions Relative to MNA
| 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% | |
| SMAR | A | -3.18% | |
| ALTR | B | -3.09% | |
| BALY | A | -2.77% | |
| 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% |
RNWZ: Top Represented Industries & Keywords
MNA: Top Represented Industries & Keywords
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