MNA vs. ARB
Compare and contrast key facts about IQ Merger Arbitrage ETF (MNA) and AltShares Merger Arbitrage ETF (ARB).
MNA and ARB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MNA is a passively managed fund by New York Life that tracks the performance of the IQ Merger Arbitrage Index. It was launched on Nov 17, 2009. ARB is a passively managed fund by Water Island Capital Partners LP that tracks the performance of the Water Island Merger Arbitrage USD Hedged Index. It was launched on May 7, 2020. Both MNA and ARB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MNA or ARB.
Correlation
The correlation between MNA and ARB is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MNA vs. ARB - Performance Comparison
Key characteristics
MNA:
1.41
ARB:
1.47
MNA:
2.04
ARB:
2.04
MNA:
1.26
ARB:
1.28
MNA:
0.74
ARB:
2.34
MNA:
6.39
ARB:
5.57
MNA:
0.90%
ARB:
0.89%
MNA:
4.11%
ARB:
3.40%
MNA:
-16.68%
ARB:
-5.60%
MNA:
-0.14%
ARB:
-0.17%
Returns By Period
In the year-to-date period, MNA achieves a 1.15% return, which is significantly higher than ARB's 0.91% return.
MNA
1.15%
1.43%
4.32%
5.84%
0.65%
2.20%
ARB
0.91%
1.18%
3.04%
4.94%
N/A
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MNA vs. ARB - Expense Ratio Comparison
MNA has a 0.77% expense ratio, which is lower than ARB's 0.87% expense ratio.
Risk-Adjusted Performance
MNA vs. ARB — Risk-Adjusted Performance Rank
MNA
ARB
MNA vs. ARB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ Merger Arbitrage ETF (MNA) and AltShares Merger Arbitrage ETF (ARB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
MNA vs. ARB - Dividend Comparison
MNA has not paid dividends to shareholders, while ARB's dividend yield for the trailing twelve months is around 1.11%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
MNA IQ Merger Arbitrage ETF | 0.00% | 0.00% | 1.20% | 0.00% | 0.00% | 2.30% | 0.00% | 0.00% | 0.00% | 0.21% | 0.87% |
ARB AltShares Merger Arbitrage ETF | 1.11% | 1.12% | 0.00% | 4.18% | 0.00% | 2.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MNA vs. ARB - Drawdown Comparison
The maximum MNA drawdown since its inception was -16.68%, which is greater than ARB's maximum drawdown of -5.60%. Use the drawdown chart below to compare losses from any high point for MNA and ARB. For additional features, visit the drawdowns tool.
Volatility
MNA vs. ARB - Volatility Comparison
The current volatility for IQ Merger Arbitrage ETF (MNA) is 0.93%, while AltShares Merger Arbitrage ETF (ARB) has a volatility of 1.12%. This indicates that MNA experiences smaller price fluctuations and is considered to be less risky than ARB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.