XAR vs. MNA ETF Comparison
Comparison of SPDR S&P Aerospace & Defense ETF (XAR) to IQ Merger Arbitrage ETF (MNA)
XAR
SPDR S&P Aerospace & Defense ETF
XAR 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 aerospace and defense segment of a U.S. total market composite index. In seeking to track the performance of the S&P Aerospace & Defense 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 aerospace and defense industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.
Grade (RS Rating)
Last Trade
$159.24
Average Daily Volume
70,280
30
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
$32.95
Average Daily Volume
60,238
49
Performance
| Period | XAR | MNA |
|---|---|---|
| 30 Days | 2.54% | 0.67% |
| 60 Days | 11.14% | 2.42% |
| 90 Days | 13.14% | 3.98% |
| 12 Months | 45.97% | 5.83% |
XAR Overweight 28 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| CW | A | 4.79% | |
| GE | C | 4.78% | |
| AXON | A | 4.76% | |
| HWM | A | 4.75% | |
| TDG | A | 4.71% | |
| WWD | B | 4.69% | |
| LHX | A | 4.68% | |
| LMT | A | 4.63% | |
| RTX | A | 4.6% | |
| NOC | B | 4.59% | |
| HII | F | 4.57% | |
| TXT | F | 4.56% | |
| HEI | A | 4.55% | |
| GD | A | 4.48% | |
| HXL | F | 3.94% | |
| BWXT | A | 3.88% | |
| AVAV | B | 3.79% | |
| RKLB | B | 3.18% | |
| MOG.A | A | 2.01% | |
| KTOS | A | 1.42% | |
| MRCY | B | 1.32% | |
| AIR | D | 1.17% | |
| TGI | F | 0.9% | |
| ACHR | F | 0.77% | |
| CDRE | B | 0.54% | |
| ATRO | D | 0.23% | |
| DCO | A | 0.21% | |
| NPK | F | 0.19% |
XAR Underweight 47 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| DFS | C | -6.74% | |
| CTLT | A | -5.71% | |
| JNPR | B | -5.05% | |
| HCP | B | -4.32% | |
| MRO | D | -3.16% | |
| SHV | B | -2.91% | |
| BALY | A | -2.73% | |
| SRCL | B | -2.65% | |
| INST | B | -2.62% | |
| ALE | A | -2.6% | |
| SQSP | A | -2.59% | |
| ENV | C | -2.56% | |
| AXNX | A | -2.34% | |
| CHX | D | -2.26% | |
| PWSC | C | -2.26% | |
| PRFT | A | -2.0% | |
| K | B | -1.9% | |
| IBTX | D | -1.82% | |
| INFN | C | -1.72% | |
| AY | C | -1.64% | |
| RCM | B | -1.6% | |
| EVRI | A | -1.52% | |
| SRCL | B | -1.26% | |
| VZIO | A | -1.25% | |
| TELL | B | -1.21% | |
| FBMS | D | -1.01% | |
| HTLF | C | -0.86% | |
| AGS | B | -0.76% | |
| HAYN | B | -0.74% | |
| PETQ | A | -0.68% | |
| AAN | C | -0.63% | |
| CHUY | B | -0.44% | |
| PFC | D | -0.41% | |
| CFB | D | -0.3% | |
| RVNC | F | -0.28% | |
| SRDX | D | -0.27% | |
| PGRU | A | -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% | |
| SSB | C | --1.85% | |
| SLB | D | --2.3% | |
| IP | C | --3.71% | |
| COF | C | --7.42% |
XAR: Top Represented Industries & Keywords
MNA: Top Represented Industries & Keywords
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