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MNA vs. BUFF
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between MNA and BUFF is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.00.3

Performance

MNA vs. BUFF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in IQ Merger Arbitrage ETF (MNA) and Innovator Laddered Fund of U.S. Equity Power Buffer ETF (BUFF). The values are adjusted to include any dividend payments, if applicable.

-4.00%-2.00%0.00%2.00%4.00%6.00%AugustSeptemberOctoberNovemberDecember2025
4.43%
5.21%
MNA
BUFF

Key characteristics

Sharpe Ratio

MNA:

1.63

BUFF:

2.68

Sortino Ratio

MNA:

2.36

BUFF:

3.89

Omega Ratio

MNA:

1.31

BUFF:

1.55

Calmar Ratio

MNA:

0.85

BUFF:

4.14

Martin Ratio

MNA:

7.63

BUFF:

23.70

Ulcer Index

MNA:

0.88%

BUFF:

0.57%

Daily Std Dev

MNA:

4.10%

BUFF:

5.01%

Max Drawdown

MNA:

-16.68%

BUFF:

-46.23%

Current Drawdown

MNA:

0.00%

BUFF:

0.00%

Returns By Period

In the year-to-date period, MNA achieves a 1.58% return, which is significantly higher than BUFF's 1.32% return.


MNA

YTD

1.58%

1M

1.86%

6M

4.43%

1Y

7.10%

5Y*

0.79%

10Y*

2.18%

BUFF

YTD

1.32%

1M

1.19%

6M

5.21%

1Y

12.80%

5Y*

2.84%

10Y*

N/A

*Annualized

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. BUFF - Expense Ratio Comparison

MNA has a 0.77% expense ratio, which is lower than BUFF's 0.99% expense ratio.


BUFF
Innovator Laddered Fund of U.S. Equity Power Buffer ETF
Expense ratio chart for BUFF: current value at 0.99% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.99%
Expense ratio chart for MNA: current value at 0.77% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.77%

Risk-Adjusted Performance

MNA vs. BUFF — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MNA
The Risk-Adjusted Performance Rank of MNA is 5959
Overall Rank
The Sharpe Ratio Rank of MNA is 6464
Sharpe Ratio Rank
The Sortino Ratio Rank of MNA is 6666
Sortino Ratio Rank
The Omega Ratio Rank of MNA is 6767
Omega Ratio Rank
The Calmar Ratio Rank of MNA is 3737
Calmar Ratio Rank
The Martin Ratio Rank of MNA is 6262
Martin Ratio Rank

BUFF
The Risk-Adjusted Performance Rank of BUFF is 9494
Overall Rank
The Sharpe Ratio Rank of BUFF is 9494
Sharpe Ratio Rank
The Sortino Ratio Rank of BUFF is 9595
Sortino Ratio Rank
The Omega Ratio Rank of BUFF is 9494
Omega Ratio Rank
The Calmar Ratio Rank of BUFF is 9191
Calmar Ratio Rank
The Martin Ratio Rank of BUFF is 9696
Martin 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.

MNA vs. BUFF - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for IQ Merger Arbitrage ETF (MNA) and Innovator Laddered Fund of U.S. Equity Power Buffer ETF (BUFF). 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.


Sharpe ratio
The chart of Sharpe ratio for MNA, currently valued at 1.63, compared to the broader market0.002.004.001.632.68
The chart of Sortino ratio for MNA, currently valued at 2.36, compared to the broader market0.005.0010.002.363.89
The chart of Omega ratio for MNA, currently valued at 1.31, compared to the broader market1.002.003.001.311.55
The chart of Calmar ratio for MNA, currently valued at 0.85, compared to the broader market0.005.0010.0015.0020.000.854.14
The chart of Martin ratio for MNA, currently valued at 7.63, compared to the broader market0.0020.0040.0060.0080.00100.007.6323.70
MNA
BUFF

The current MNA Sharpe Ratio is 1.63, which is lower than the BUFF Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of MNA and BUFF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.002.003.004.00AugustSeptemberOctoberNovemberDecember2025
1.63
2.68
MNA
BUFF

Dividends

MNA vs. BUFF - Dividend Comparison

Neither MNA nor BUFF has paid dividends to shareholders.


TTM2024202320222021202020192018201720162015
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%
BUFF
Innovator Laddered Fund of U.S. Equity Power Buffer ETF
0.00%0.00%0.00%0.00%0.00%1.78%1.68%1.74%1.55%0.18%0.00%

Drawdowns

MNA vs. BUFF - Drawdown Comparison

The maximum MNA drawdown since its inception was -16.68%, smaller than the maximum BUFF drawdown of -46.23%. Use the drawdown chart below to compare losses from any high point for MNA and BUFF. For additional features, visit the drawdowns tool.


-4.00%-3.00%-2.00%-1.00%0.00%AugustSeptemberOctoberNovemberDecember202500
MNA
BUFF

Volatility

MNA vs. BUFF - Volatility Comparison

The current volatility for IQ Merger Arbitrage ETF (MNA) is 0.94%, while Innovator Laddered Fund of U.S. Equity Power Buffer ETF (BUFF) has a volatility of 1.96%. This indicates that MNA experiences smaller price fluctuations and is considered to be less risky than BUFF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%2.50%3.00%AugustSeptemberOctoberNovemberDecember2025
0.94%
1.96%
MNA
BUFF
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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