IQ Merger Arbitrage ETF (MNA) Alternatives

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 funds that fit a different role in your portfolio.

Cheapest Alternatives to MNA

MNA charges 0.77% annually. Among ETFs in the Hedge Fund category, these options have the lowest expense ratios among MNA alternatives.

Symbol	Name	Expense Ratio	Inception
DBEF	Xtrackers MSCI EAFE Hedged Equity ETF	0.36%	Jun 9, 2011	MNA vs DBEF
RLY	SPDR SSgA Multi-Asset Real Return ETF	0.50%	Apr 25, 2012	MNA vs RLY
PFIX	Simplify Interest Rate Hedge ETF	0.50%	May 10, 2021	MNA vs PFIX
RPAR	RPAR Risk Parity ETF	0.51%	Dec 13, 2019	MNA vs RPAR
QTR	Global X NASDAQ 100 Tail Risk ETF	0.60%	Aug 25, 2021	MNA vs QTR

Best Risk-Adjusted Alternatives to MNA

Among ETFs in the Hedge Fund category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
MRGR	Proshares Merger ETF	97	Dec 11, 2012	MNA vs MRGR
GDMA	Gadsden Dynamic Multi-Asset ETF	96	Nov 14, 2018	MNA vs GDMA
DBMF	iM DBi Managed Futures Strategy ETF	95	May 8, 2019	MNA vs DBMF
RLY	SPDR SSgA Multi-Asset Real Return ETF	95	Apr 25, 2012	MNA vs RLY
WTMF	WisdomTree Managed Futures Strategy Fund	94	Jan 5, 2011	MNA vs WTMF

Top Performing MNA Alternatives (YTD)

MNA alternatives from the Hedge Fund category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
RLY	SPDR SSgA Multi-Asset Real Return ETF	15.06%	Apr 25, 2012	MNA vs RLY
FMF	First Trust Managed Futures Strategy Fund	8.00%	Aug 1, 2013	MNA vs FMF
DBMF	iM DBi Managed Futures Strategy ETF	7.87%	May 8, 2019	MNA vs DBMF
GMOM	Cambria Global Momentum ETF	6.82%	Nov 4, 2014	MNA vs GMOM
GDMA	Gadsden Dynamic Multi-Asset ETF	5.56%	Nov 14, 2018	MNA vs GDMA

Lowest Volatility Alternatives to MNA

MNA alternatives from the Hedge Fund category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
ARB	AltShares Merger Arbitrage ETF	2.79%	May 7, 2020	MNA vs ARB
MRGR	Proshares Merger ETF	4.30%	Dec 11, 2012	MNA vs MRGR
WTMF	WisdomTree Managed Futures Strategy Fund	9.49%	Jan 5, 2011	MNA vs WTMF
FMF	First Trust Managed Futures Strategy Fund	9.94%	Aug 1, 2013	MNA vs FMF
RPAR	RPAR Risk Parity ETF	11.75%	Dec 13, 2019	MNA vs RPAR

Lowest Drawdown Alternatives to MNA

MNA alternatives from the Hedge Fund category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
ARB	AltShares Merger Arbitrage ETF	-1.20%	May 7, 2020	MNA vs ARB
MRGR	Proshares Merger ETF	-1.66%	Dec 11, 2012	MNA vs MRGR
FMF	First Trust Managed Futures Strategy Fund	-3.47%	Aug 1, 2013	MNA vs FMF
WTMF	WisdomTree Managed Futures Strategy Fund	-4.11%	Jan 5, 2011	MNA vs WTMF
DBMF	iM DBi Managed Futures Strategy ETF	-6.10%	May 8, 2019	MNA vs DBMF

Other ETFs from New York Life

Most popular New York Life ETFs on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
QAI	IQ Hedge Multi-Strategy Tracker ETF	Long-Short	80	1.82%	Mar 25, 2009	MNA vs QAI
HFXI	IQ 50 Percent Hedged FTSE International ETF	Foreign Large Cap Equities	85	3.78%	Jul 22, 2015	MNA vs HFXI
IQSI	IQ Candriam ESG International Equity ETF	Foreign Large Cap Equities	65	0.46%	Dec 17, 2019	MNA vs IQSI
IQSU	IQ Candriam ESG U.S. Equity ETF	Large Cap Growth Equities	44	-6.24%	Dec 17, 2019	MNA vs IQSU
ULTR	IQ Ultra Short Duration ETF	Ultrashort Bond	—	—	Jul 31, 2019	MNA vs ULTR
MMIN	IQ MacKay Municipal Insured ETF	Municipal Bonds	48	0.02%	Oct 18, 2017	MNA vs MMIN
MMIT	IQ MacKay Municipal Intermediate ETF	Municipal Bonds, Actively Managed	62	-0.05%	Oct 18, 2017	MNA vs MMIT
IWFG	NYLI Winslow Focused Large Cap Growth ETF	Large Cap Growth Equities	23	-13.11%	Jun 23, 2022	MNA vs IWFG

Often Compared With MNA

What investors most often compare with MNA, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
SPY	State Street SPDR S&P 500 ETF	S&P 500	64	-4.37%	Jan 22, 1993	MNA vs SPY
BUFF	Innovator Laddered Allocation Power Buffer ETF	Defined Outcome	77	-0.90%	Oct 20, 2016	MNA vs BUFF
HDG	ProShares Hedge Replication	Long-Short	70	0.49%	Jul 12, 2011	MNA vs HDG
QQQ	Invesco QQQ ETF	Large Cap Growth Equities	69	-5.93%	Mar 10, 1999	MNA vs QQQ
AGG	iShares Core U.S. Aggregate Bond ETF	Total Bond Market	60	0.02%	Sep 22, 2003	MNA vs AGG
QQQM	Invesco NASDAQ 100 ETF	Large Cap Growth Equities	70	-5.92%	Oct 13, 2020	MNA vs QQQM
FTLS	First Trust Long/Short Equity ETF	Long-Short, Actively Managed	68	-0.80%	Sep 9, 2014	MNA vs FTLS
IALT	iShares Systematic Alternatives Active ETF	Multistrategy	—	7.75%	Dec 9, 2025	MNA vs IALT
QDSIX	AQR Diversifying Strategies Fund	Multistrategy	89	2.86%	Jun 7, 2020	MNA vs QDSIX
ENDW	Cambria Endowment Style ETF	Global Allocation	—	3.42%	Apr 9, 2025	MNA vs ENDW
HMEZX	NexPoint Merger Arbitrage Fund	Event Driven	99	0.66%	Aug 18, 2016	MNA vs HMEZX
VBR	Vanguard Small-Cap Value ETF	Small Cap Value Equities	58	3.17%	Jan 26, 2004	MNA vs VBR
QQQH	NEOS Nasdaq-100 Hedged Equity Income ETF	Hedge Fund	69	-3.47%	Dec 19, 2019	MNA vs QQQH
FVC	First Trust Dorsey Wright Dynamic Focus 5 ETF	Hedge Fund	14	-4.24%	Mar 18, 2016	MNA vs FVC
VOO	Vanguard S&P 500 ETF	S&P 500	65	-4.42%	Sep 7, 2010	MNA vs VOO
BGLD	FT Vest Gold Strategy Quarterly Buffer ETF	Defined Outcome, Gold	74	0.18%	Jan 20, 2021	MNA vs BGLD
CGDV	Capital Group Dividend Value ETF	Large Cap Value Equities, Dividend	78	-2.26%	Feb 22, 2022	MNA vs CGDV
ROMO	Strategy Shares Newfound/ReSolve Robust Momentum E...	Hedge Fund	46	-0.85%	Nov 1, 2019	MNA vs ROMO
MRSK	Agility Shares Managed Risk ETF	Hedge Fund, Actively Managed	61	-3.97%	Jun 25, 2020	MNA vs MRSK
ADME	Aptus Drawdown Managed Equity ETF	Hedge Fund	52	-3.52%	Jun 8, 2016	MNA vs ADME

Compare MNA with Any Fund or Stock

Compare MNA with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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IQ Merger Arbitrage ETF

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