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

Correlation

The correlation between MNA and DBMF is 0.40, 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. DBMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in IQ Merger Arbitrage ETF (MNA) and iM DBi Managed Futures Strategy ETF (DBMF). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

MNA:

2.65

DBMF:

-1.08

Sortino Ratio

MNA:

4.08

DBMF:

-1.17

Omega Ratio

MNA:

1.57

DBMF:

0.85

Calmar Ratio

MNA:

1.62

DBMF:

-0.56

Martin Ratio

MNA:

28.88

DBMF:

-0.93

Ulcer Index

MNA:

0.40%

DBMF:

9.87%

Daily Std Dev

MNA:

4.41%

DBMF:

9.94%

Max Drawdown

MNA:

-16.68%

DBMF:

-20.39%

Current Drawdown

MNA:

0.00%

DBMF:

-14.34%

Returns By Period

In the year-to-date period, MNA achieves a 5.70% return, which is significantly higher than DBMF's -2.72% return.


MNA

YTD

5.70%

1M

1.10%

6M

6.87%

1Y

11.60%

3Y*

4.15%

5Y*

3.21%

10Y*

2.31%

DBMF

YTD

-2.72%

1M

0.56%

6M

-2.53%

1Y

-10.62%

3Y*

-1.90%

5Y*

5.56%

10Y*

N/A

*Annualized

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IQ Merger Arbitrage ETF

MNA vs. DBMF - Expense Ratio Comparison

MNA has a 0.77% expense ratio, which is lower than DBMF's 0.85% expense ratio.


Risk-Adjusted Performance

MNA vs. DBMF — 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 9696
Overall Rank
The Sharpe Ratio Rank of MNA is 9797
Sharpe Ratio Rank
The Sortino Ratio Rank of MNA is 9797
Sortino Ratio Rank
The Omega Ratio Rank of MNA is 9797
Omega Ratio Rank
The Calmar Ratio Rank of MNA is 9090
Calmar Ratio Rank
The Martin Ratio Rank of MNA is 9898
Martin Ratio Rank

DBMF
The Risk-Adjusted Performance Rank of DBMF is 22
Overall Rank
The Sharpe Ratio Rank of DBMF is 00
Sharpe Ratio Rank
The Sortino Ratio Rank of DBMF is 11
Sortino Ratio Rank
The Omega Ratio Rank of DBMF is 11
Omega Ratio Rank
The Calmar Ratio Rank of DBMF is 11
Calmar Ratio Rank
The Martin Ratio Rank of DBMF is 55
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. DBMF - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for IQ Merger Arbitrage ETF (MNA) and iM DBi Managed Futures Strategy ETF (DBMF). 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.


The current MNA Sharpe Ratio is 2.65, which is higher than the DBMF Sharpe Ratio of -1.08. The chart below compares the historical Sharpe Ratios of MNA and DBMF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

MNA vs. DBMF - Dividend Comparison

MNA has not paid dividends to shareholders, while DBMF's dividend yield for the trailing twelve months is around 6.03%.


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%
DBMF
iM DBi Managed Futures Strategy ETF
6.03%5.75%2.91%7.72%10.38%0.86%9.35%0.00%0.00%0.00%0.00%

Drawdowns

MNA vs. DBMF - Drawdown Comparison

The maximum MNA drawdown since its inception was -16.68%, smaller than the maximum DBMF drawdown of -20.39%. Use the drawdown chart below to compare losses from any high point for MNA and DBMF. For additional features, visit the drawdowns tool.


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Volatility

MNA vs. DBMF - Volatility Comparison

The current volatility for IQ Merger Arbitrage ETF (MNA) is 1.27%, while iM DBi Managed Futures Strategy ETF (DBMF) has a volatility of 1.98%. This indicates that MNA experiences smaller price fluctuations and is considered to be less risky than DBMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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