IQ Merger Arbitrage ETF (MNA) belongs to the Hedge Fund category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MNA. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MNA
MNA charges 0.77% annually. There are 12 ETFs in the Hedge Fund category with lower expense ratios, going as low as 0.36%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers MSCI EAFE Hedged Equity ETF | 0.36% | 8.81B | Jun 2011 | MNA vs DBEF | |
| SPDR SSgA Multi-Asset Real Return ETF | 0.50% | 1.21B | Apr 2012 | MNA vs RLY | |
| Simplify Interest Rate Hedge ETF | 0.50% | 231.13M | May 2021 | MNA vs PFIX | |
| RPAR Risk Parity ETF | 0.51% | 607.77M | Dec 2019 | MNA vs RPAR | |
| Global X Russell 2000 Covered Call ETF | 0.60% | 1.34B | Apr 2019 | MNA vs RYLD |
Best Risk-Adjusted Alternatives to MNA
MNA has a PortfoliosLab risk / return rank of 32. There are 17 ETFs in the Hedge Fund category with higher risk-adjusted ranks, going as high as 92.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR SSgA Multi-Asset Real Return ETF | 92 | 1.21B | Apr 2012 | MNA vs RLY | |
| Proshares Merger ETF | 90 | 15.87M | Dec 2012 | MNA vs MRGR | |
| WisdomTree Managed Futures Strategy Fund | 85 | 233.61M | Jan 2011 | MNA vs WTMF | |
| First Trust Managed Futures Strategy Fund | 78 | 259.69M | Aug 2013 | MNA vs FMF | |
| Gadsden Dynamic Multi-Asset ETF | 74 | 160.49M | Nov 2018 | MNA vs GDMA |
Top Performing MNA Alternatives (YTD)
MNA is at 1.26% YTD. There are 18 ETFs in the Hedge Fund category with higher YTD returns, going as high as 17.64%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Global X NASDAQ 100 Tail Risk ETF | 17.64% | 7.81M | Aug 2021 | MNA vs QTR | |
| First Trust Dorsey Wright Dynamic Focus 5 ETF | 17.30% | 110.36M | Mar 2016 | MNA vs FVC | |
| SPDR SSgA Multi-Asset Real Return ETF | 17.13% | 1.21B | Apr 2012 | MNA vs RLY | |
| Cambria Global Momentum ETF | 11.55% | 70.43M | Nov 2014 | MNA vs GMOM | |
| Gadsden Dynamic Multi-Asset ETF | 11.18% | 160.49M | Nov 2018 | MNA vs GDMA |
Lowest Volatility Alternatives to MNA
MNA has 4.74% 1-year volatility. There are 2 ETFs in the Hedge Fund category with lower 1-year volatility, going as low as 2.89%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AltShares Merger Arbitrage ETF | 2.89% | 90.93M | May 2020 | MNA vs ARB | |
| Proshares Merger ETF | 4.11% | 15.87M | Dec 2012 | MNA vs MRGR | |
| WisdomTree Managed Futures Strategy Fund | 8.63% | 233.61M | Jan 2011 | MNA vs WTMF | |
| First Trust Managed Futures Strategy Fund | 9.66% | 259.69M | Aug 2013 | MNA vs FMF | |
| NEOS Nasdaq-100 Hedged Equity Income ETF | 9.67% | 375.87M | Dec 2019 | MNA vs QQQH |
Lowest Drawdown Alternatives to MNA
MNA has a 1-year max drawdown of -1.40%. There are 2 ETFs in the Hedge Fund category with shallower 1-year drawdowns, going as shallow as -0.69%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AltShares Merger Arbitrage ETF | -0.69% | 90.93M | May 2020 | MNA vs ARB | |
| Proshares Merger ETF | -1.29% | 15.87M | Dec 2012 | MNA vs MRGR | |
| First Trust Managed Futures Strategy Fund | -3.42% | 259.69M | Aug 2013 | MNA vs FMF | |
| SPDR SSgA Multi-Asset Real Return ETF | -3.71% | 1.21B | Apr 2012 | MNA vs RLY | |
| WisdomTree Managed Futures Strategy Fund | -4.04% | 233.61M | Jan 2011 | MNA vs WTMF |
Other ETFs from New York Life
The 7 most viewed New York Life ETFs shown here include QAI, HFXI, IQSI and span 4 categories. AUM among these funds goes as high as $1B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| IQ Hedge Multi-Strategy Tracker ETF | Long-Short | 85 | 9.07% | 762.37M | Mar 2009 | MNA vs QAI | |
| IQ 50 Percent Hedged FTSE International ETF | Foreign Large Cap Equities | 71 | 17.13% | 1.38B | Jul 2015 | MNA vs HFXI | |
| IQ Candriam ESG International Equity ETF | Foreign Large Cap Equities | 35 | 9.26% | 220.96M | Dec 2019 | MNA vs IQSI | |
| IQ MacKay Municipal Insured ETF | Municipal Bonds | 74 | 2.32% | 417.13M | Oct 2017 | MNA vs MMIN | |
| IQ Candriam ESG U.S. Equity ETF | Large Cap Growth Equities | 61 | 13.06% | 280.56M | Dec 2019 | MNA vs IQSU | |
| IQ MacKay Municipal Intermediate ETF | Municipal Bonds | 70 | 1.40% | 1.46B | Oct 2017 | MNA vs MMIT | |
| NYLI Winslow Focused Large Cap Growth ETF | Large Cap Growth Equities | 19 | 2.08% | 51.15M | Jun 2022 | MNA vs IWFG |
Often Compared With MNA
Investors most often compare MNA with SPY, BUFF, HDG. These 20 comparison targets span 15 categories, based on PortfoliosLab usage data.
Compare MNA with Any Fund or Stock
Compare MNA with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MNA with funds that move differently
IQ Merger Arbitrage ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MNA.
Explore MNA Diversifiers