MNA vs. DBMF
Compare and contrast key facts about IQ Merger Arbitrage ETF (MNA) and iM DBi Managed Futures Strategy ETF (DBMF).
MNA and DBMF 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. DBMF is an actively managed fund by Litman Gregory Capital Partners LLC. It was launched on May 8, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MNA or DBMF.
Correlation
The correlation between MNA and DBMF is 0.04, 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.
Performance
MNA vs. DBMF - Performance Comparison
Key characteristics
MNA:
1.27
DBMF:
0.59
MNA:
1.83
DBMF:
0.85
MNA:
1.24
DBMF:
1.11
MNA:
0.65
DBMF:
0.36
MNA:
5.55
DBMF:
1.03
MNA:
0.93%
DBMF:
6.17%
MNA:
4.06%
DBMF:
10.82%
MNA:
-16.68%
DBMF:
-20.39%
MNA:
-1.55%
DBMF:
-12.41%
Returns By Period
In the year-to-date period, MNA achieves a 4.65% return, which is significantly lower than DBMF's 6.68% return.
MNA
4.65%
0.61%
5.42%
4.97%
0.63%
2.14%
DBMF
6.68%
-0.74%
-8.78%
6.63%
6.12%
N/A
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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 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.
Dividends
MNA vs. DBMF - Dividend Comparison
MNA's dividend yield for the trailing twelve months is around 1.15%, less than DBMF's 5.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MNA IQ Merger Arbitrage ETF | 1.15% | 1.20% | 0.00% | 0.00% | 2.30% | 0.00% | 0.00% | 0.00% | 0.21% | 0.87% | 0.00% | 0.99% |
DBMF iM DBi Managed Futures Strategy ETF | 5.26% | 2.91% | 7.72% | 10.38% | 0.86% | 9.35% | 0.00% | 0.00% | 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.
Volatility
MNA vs. DBMF - Volatility Comparison
The current volatility for IQ Merger Arbitrage ETF (MNA) is 0.79%, while iM DBi Managed Futures Strategy ETF (DBMF) has a volatility of 2.14%. 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.