IQ Merger Arbitrage ETF (MNA)
MNA is a passive ETF by New York Life tracking the investment results of the IQ Merger Arbitrage Index. MNA launched on Nov 17, 2009 and has a 0.77% expense ratio.
ETF Info
| ISIN | US45409B8000 |
|---|---|
| CUSIP | 45409B800 |
| Issuer | New York Life |
| Inception Date | Nov 17, 2009 |
| Region | Developed Markets (Broad) |
| Category | Hedge Fund |
| Index Tracked | IQ Merger Arbitrage Index |
| Asset Class | Alternatives |
Expense Ratio
The IQ Merger Arbitrage ETF has a high expense ratio of 0.77%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: MNA vs. QAI, MNA vs. AGG, MNA vs. SPY
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in IQ Merger Arbitrage ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
IQ Merger Arbitrage ETF had a return of -1.94% year-to-date (YTD) and -1.61% in the last 12 months. Over the past 10 years, IQ Merger Arbitrage ETF had an annualized return of 1.78%, while the S&P 500 had an annualized return of 10.55%, indicating that IQ Merger Arbitrage ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -1.94% | 6.33% |
| 1 month | -1.88% | -2.81% |
| 6 months | -0.64% | 21.13% |
| 1 year | -1.61% | 24.56% |
| 5 years (annualized) | 0.33% | 11.55% |
| 10 years (annualized) | 1.78% | 10.55% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.76% | 0.51% | 0.48% | |||||||||
| 2023 | 0.54% | -0.38% | -0.92% | 1.95% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
IQ Merger Arbitrage ETF(MNA)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for IQ Merger Arbitrage ETF (MNA) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
IQ Merger Arbitrage ETF granted a 1.23% dividend yield in the last twelve months. The annual payout for that period amounted to $0.38 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.38 | $0.38 | $0.00 | $0.00 | $0.77 | $0.00 | $0.00 | $0.00 | $0.06 | $0.25 | $0.00 | $0.26 |
Dividend yield | 1.23% | 1.20% | 0.00% | 0.00% | 2.30% | 0.00% | 0.00% | 0.00% | 0.21% | 0.87% | 0.00% | 0.99% |
Monthly Dividends
The table displays the monthly dividend distributions for IQ Merger Arbitrage ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | |||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.38 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.77 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2013 | $0.26 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the IQ Merger Arbitrage ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the IQ Merger Arbitrage ETF was 16.68%, occurring on Mar 18, 2020. Recovery took 135 trading sessions.
The current IQ Merger Arbitrage ETF drawdown is 7.75%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.68% | Jan 27, 2020 | 37 | Mar 18, 2020 | 135 | Sep 29, 2020 | 172 |
| -11.94% | Apr 26, 2010 | 325 | Aug 8, 2011 | 471 | Jul 18, 2013 | 796 |
| -10.74% | Apr 27, 2021 | 289 | Jun 16, 2022 | — | — | — |
| -5.78% | May 29, 2015 | 105 | Oct 26, 2015 | 88 | Mar 3, 2016 | 193 |
| -4.83% | Jan 26, 2018 | 49 | Apr 6, 2018 | 134 | Oct 16, 2018 | 183 |
Volatility
Volatility Chart
The current IQ Merger Arbitrage ETF volatility is 1.76%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.