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IQ Merger Arbitrage ETF (MNA)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISINUS45409B8000
CUSIP45409B800
IssuerNew York Life
Inception DateNov 17, 2009
RegionDeveloped Markets (Broad)
CategoryHedge Fund
Index TrackedIQ Merger Arbitrage Index
Asset ClassAlternatives

Expense Ratio

The IQ Merger Arbitrage ETF has a high expense ratio of 0.77%, indicating higher-than-average management fees.


0.50%1.00%1.50%2.00%0.77%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


IQ Merger Arbitrage ETF

Popular comparisons: MNA vs. QAI

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.


-5.00%0.00%5.00%10.00%15.00%20.00%NovemberDecember2024FebruaryMarchApril
-1.58%
15.73%
MNA (IQ Merger Arbitrage ETF)
Benchmark (^GSPC)

S&P 500

Returns By Period

IQ Merger Arbitrage ETF had a return of -1.94% year-to-date (YTD) and -1.86% in the last 12 months. Over the past 10 years, IQ Merger Arbitrage ETF had an annualized return of 1.79%, while the S&P 500 had an annualized return of 10.53%, indicating that IQ Merger Arbitrage ETF did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date-1.94%6.12%
1 month-2.00%-1.08%
6 months-1.58%15.73%
1 year-1.86%22.34%
5 years (annualized)0.22%11.82%
10 years (annualized)1.79%10.53%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
2024-0.76%0.51%0.48%
20230.54%-0.38%-0.92%1.95%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of MNA is 6, indicating that it is in the bottom 6% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.

The Risk-Adjusted Performance Rank of MNA is 66
IQ Merger Arbitrage ETF(MNA)
The Sharpe Ratio Rank of MNA is 88Sharpe Ratio Rank
The Sortino Ratio Rank of MNA is 88Sortino Ratio Rank
The Omega Ratio Rank of MNA is 77Omega Ratio Rank
The Calmar Ratio Rank of MNA is 66Calmar Ratio Rank
The Martin Ratio Rank of MNA is 22Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


MNA
Sharpe ratio
The chart of Sharpe ratio for MNA, currently valued at -0.40, compared to the broader market0.002.004.00-0.40
Sortino ratio
The chart of Sortino ratio for MNA, currently valued at -0.50, compared to the broader market-2.000.002.004.006.008.0010.00-0.50
Omega ratio
The chart of Omega ratio for MNA, currently valued at 0.94, compared to the broader market1.001.502.002.500.94
Calmar ratio
The chart of Calmar ratio for MNA, currently valued at -0.24, compared to the broader market0.002.004.006.008.0010.0012.00-0.24
Martin ratio
The chart of Martin ratio for MNA, currently valued at -1.25, compared to the broader market0.0020.0040.0060.0080.00-1.25
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 1.89, compared to the broader market0.002.004.001.89
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 2.74, compared to the broader market-2.000.002.004.006.008.0010.002.74
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.33, compared to the broader market1.001.502.002.501.33
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.43, compared to the broader market0.002.004.006.008.0010.0012.001.43
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 7.65, compared to the broader market0.0020.0040.0060.0080.007.65

Sharpe Ratio

The current IQ Merger Arbitrage ETF Sharpe ratio is -0.40. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00NovemberDecember2024FebruaryMarchApril
-0.40
1.89
MNA (IQ Merger Arbitrage ETF)
Benchmark (^GSPC)

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.


PeriodTTM20232022202120202019201820172016201520142013
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.


JanFebMarAprMayJunJulAugSepOctNovDec
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.


-15.00%-10.00%-5.00%0.00%NovemberDecember2024FebruaryMarchApril
-7.75%
-3.66%
MNA (IQ Merger Arbitrage ETF)
Benchmark (^GSPC)

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, 202037Mar 18, 2020135Sep 29, 2020172
-11.94%Apr 26, 2010325Aug 8, 2011471Jul 18, 2013796
-10.74%Apr 27, 2021289Jun 16, 2022
-5.78%May 29, 2015105Oct 26, 201588Mar 3, 2016193
-4.83%Jan 26, 201849Apr 6, 2018134Oct 16, 2018183

Volatility

Volatility Chart

The current IQ Merger Arbitrage ETF volatility is 1.66%, 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.


1.00%2.00%3.00%4.00%5.00%NovemberDecember2024FebruaryMarchApril
1.66%
3.44%
MNA (IQ Merger Arbitrage ETF)
Benchmark (^GSPC)