SURI vs. MNA ETF Comparison
Comparison of Simplify Exchange Traded Funds Simplify Propel Opportunities ETF (SURI) to IQ Merger Arbitrage ETF (MNA)
SURI
Simplify Exchange Traded Funds Simplify Propel Opportunities ETF
SURI Description
The fund is an actively managed exchange-traded fund. The Sub-Adviser concentrates the fund's investments (i.e., invests more than 25% of its net assets) in the securities of issuers in the biotechnology, pharmaceuticals, healthcare technology, and life science tools and services industries. The Sub-Adviser employs an actively managed opportunistic multi-asset strategy that focuses on common stock, preferred stock, convertible bonds, structured notes, corporate notes and bonds, and ETFs that primarily invest in the preceding security types. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$21.59
Average Daily Volume
2,860
9
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
$31.69
Average Daily Volume
42,179
44
Performance
| Period | SURI | MNA |
|---|---|---|
| 30 Days | 1.15% | 1.25% |
| 60 Days | 0.02% | 2.01% |
| 90 Days | -5.13% | 1.28% |
| 12 Months | 14.93% | 2.99% |
0 Overlapping Holdings
| Symbol | Grade | Weight in SURI | Weight in MNA | Overlap |
|---|
SURI Underweight 44 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| DFS | A | -6.57% | |
| ANSS | C | -6.39% | |
| X | D | -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 | C | -2.77% | |
| CERE | D | -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 | F | -1.14% | |
| SRCL | A | -0.89% | |
| AGS | B | -0.79% | |
| HAYN | C | -0.78% | |
| EVBG | B | -0.78% | |
| OSG | A | -0.74% | |
| AMK | B | -0.72% | |
| HA | D | -0.64% | |
| 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 | B | --0.36% | |
| WSC | F | --0.46% | |
| AA | B | --0.89% | |
| SSB | D | --1.49% | |
| SLB | C | --2.22% | |
| CHK | C | --2.94% | |
| IP | C | --3.74% | |
| SNPS | B | --4.1% | |
| EQT | D | --6.21% | |
| COF | C | --7.29% |
SURI: Top Represented Industries & Keywords
MNA: Top Represented Industries & Keywords
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