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 10 ETFs in the Hedge Fund category with lower expense ratios, going as low as 0.50%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| State Street Multi-Asset Real Return ETF | 0.50% | 1.18B | Apr 2012 | MNA vs RLY | |
| Simplify Interest Rate Hedge ETF | 0.50% | 167.19M | May 2021 | MNA vs PFIX | |
| RPAR Risk Parity ETF | 0.51% | 576.22M | Dec 2019 | MNA vs RPAR | |
| Global X NASDAQ 100 Tail Risk ETF | 0.60% | 7.64M | Aug 2021 | MNA vs QTR | |
| Global X NASDAQ 100 Collar 95-110 ETF | 0.60% | 3.42M | Aug 2021 | MNA vs QCLR |
Best Risk-Adjusted Alternatives to MNA
MNA has a PortfoliosLab risk / return rank of 38. There are 14 ETFs in the Hedge Fund category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Proshares Merger ETF | 95 | 15.94M | Dec 2012 | MNA vs MRGR | |
| WisdomTree Managed Futures Strategy Fund | 85 | 237.72M | Jan 2011 | MNA vs WTMF | |
| State Street Multi-Asset Real Return ETF | 84 | 1.18B | Apr 2012 | MNA vs RLY | |
| First Trust Managed Futures Strategy Fund | 68 | 247.50M | Aug 2013 | MNA vs FMF | |
| AltShares Merger Arbitrage ETF | 60 | 90.93M | May 2020 | MNA vs ARB |
Top Performing MNA Alternatives (YTD)
MNA is at 2.40% YTD. There are 14 ETFs in the Hedge Fund category with higher YTD returns, going as high as 14.11%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Dorsey Wright Dynamic Focus 5 ETF | 14.11% | 109.45M | Mar 2016 | MNA vs FVC | |
| State Street Multi-Asset Real Return ETF | 14.04% | 1.18B | Apr 2012 | MNA vs RLY | |
| Global X NASDAQ 100 Tail Risk ETF | 13.65% | 7.64M | Aug 2021 | MNA vs QTR | |
| Syntax Stratified U.S. Total Market Hedged ETF | 10.20% | 23.16M | Jun 2021 | MNA vs SHUS | |
| Aptus Drawdown Managed Equity ETF | 9.07% | 243.07M | Jun 2016 | MNA vs ADME |
Lowest Volatility Alternatives to MNA
MNA has 4.81% 1-year volatility. There are 2 ETFs in the Hedge Fund category with lower 1-year volatility, going as low as 3.39%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AltShares Merger Arbitrage ETF | 3.39% | 90.93M | May 2020 | MNA vs ARB | |
| Proshares Merger ETF | 4.24% | 15.94M | Dec 2012 | MNA vs MRGR | |
| WisdomTree Managed Futures Strategy Fund | 9.10% | 237.72M | Jan 2011 | MNA vs WTMF | |
| First Trust Managed Futures Strategy Fund | 9.81% | 247.50M | Aug 2013 | MNA vs FMF | |
| Global X NASDAQ 100 Collar 95-110 ETF | 9.95% | 3.42M | Aug 2021 | MNA vs QCLR |
Lowest Drawdown Alternatives to MNA
MNA has a 1-year max drawdown of -1.40%. There is 1 ETF in the Hedge Fund category with a shallower 1-year drawdown, going as shallow as -1.29%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Proshares Merger ETF | -1.29% | 15.94M | Dec 2012 | MNA vs MRGR | |
| AltShares Merger Arbitrage ETF | -1.54% | 90.93M | May 2020 | MNA vs ARB | |
| WisdomTree Managed Futures Strategy Fund | -4.04% | 237.72M | Jan 2011 | MNA vs WTMF | |
| First Trust Managed Futures Strategy Fund | -4.51% | 247.50M | Aug 2013 | MNA vs FMF | |
| Syntax Stratified U.S. Total Market Hedged ETF | -6.95% | 23.16M | Jun 2021 | MNA vs SHUS |
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 | |
|---|---|---|---|---|---|---|---|
| NYLI Hedge Multi-Strategy Tracker ETF | Long-Short | 81 | 8.27% | 762.37M | Mar 2009 | MNA vs QAI | |
| IQ 50 Percent Hedged FTSE International ETF | Foreign Large Cap Equities | 75 | 16.28% | 1.38B | Jul 2015 | MNA vs HFXI | |
| IQ Candriam ESG International Equity ETF | Foreign Large Cap Equities | 43 | 10.38% | 220.96M | Dec 2019 | MNA vs IQSI | |
| IQ MacKay Municipal Insured ETF | Municipal Bonds | 87 | 2.59% | 417.13M | Oct 2017 | MNA vs MMIN | |
| IQ Candriam ESG U.S. Equity ETF | Large Cap Growth Equities | 69 | 13.96% | 280.56M | Dec 2019 | MNA vs IQSU | |
| IQ MacKay Municipal Intermediate ETF | Municipal Bonds | 77 | 1.61% | 1.46B | Oct 2017 | MNA vs MMIT | |
| NYLI Winslow Focused Large Cap Growth ETF | Large Cap Growth Equities | 13 | 1.62% | 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 14 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