MNA vs. QQQM
Compare and contrast key facts about IQ Merger Arbitrage ETF (MNA) and Invesco NASDAQ 100 ETF (QQQM).
MNA and QQQM 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. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020. Both MNA and QQQM 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 QQQM.
Correlation
The correlation between MNA and QQQM is 0.40, 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. QQQM - Performance Comparison
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Key characteristics
MNA:
2.65
QQQM:
0.61
MNA:
4.08
QQQM:
1.04
MNA:
1.57
QQQM:
1.15
MNA:
1.62
QQQM:
0.70
MNA:
28.88
QQQM:
2.28
MNA:
0.40%
QQQM:
6.98%
MNA:
4.41%
QQQM:
25.16%
MNA:
-16.68%
QQQM:
-35.05%
MNA:
0.00%
QQQM:
-3.40%
Returns By Period
In the year-to-date period, MNA achieves a 5.70% return, which is significantly higher than QQQM's 1.95% return.
MNA
5.70%
1.10%
6.87%
11.60%
4.15%
3.21%
2.31%
QQQM
1.95%
17.14%
3.69%
15.13%
22.60%
N/A
N/A
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MNA vs. QQQM - Expense Ratio Comparison
MNA has a 0.77% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Risk-Adjusted Performance
MNA vs. QQQM — Risk-Adjusted Performance Rank
MNA
QQQM
MNA vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ Merger Arbitrage ETF (MNA) and Invesco NASDAQ 100 ETF (QQQM). 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.
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Dividends
MNA vs. QQQM - Dividend Comparison
MNA has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.58%.
| 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% |
QQQM Invesco NASDAQ 100 ETF | 0.58% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MNA vs. QQQM - Drawdown Comparison
The maximum MNA drawdown since its inception was -16.68%, smaller than the maximum QQQM drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for MNA and QQQM. For additional features, visit the drawdowns tool.
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Volatility
MNA vs. QQQM - Volatility Comparison
The current volatility for IQ Merger Arbitrage ETF (MNA) is 1.27%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 5.59%. This indicates that MNA experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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