Snapshot*
Top 10 Holdings
What is MNA?
The IQ Merger Arbitrage ETF seeks to track before fees and expenses the performance of the IQ Merger Arbitrage Index. The Index seeks to achieve capital appreciation by investing in global companies for which there has been a public announcement of a takeover by an acquirer. This differentiated approach is based on a passive strategy of owning certain announced takeover targets with the goal of generating returns that are representative of global merger arbitrage activity. The Index also includes short exposure to global equities as a partial equity market hedge. Merger arbitrage is a directional hedge fund strategy. The IQ Merger Arbitrage ETF is not a hedge fund and does not invest in hedge funds.
MNAPerformance Measures**
for the time period Nov 17, 2009 to Jul 17, 2026
1M Trailing Return: 0.7%
The percent change in the value over the most recent 1-month period.
3M Trailing Return: 0.4%
The percent change in the value over the most recent 3-month period.
Max Drawdown: -16.7%
The greatest percent loss from peak to trough in value over the time period.
Standard Deviation: 7.4%
The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.
Sharpe Ratio: 0.39
The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.
Calmar Ratio: 0.16
The annualized return divided by the max drawdown for the selected time period.
ETFs related toMNA
ETFs correlated to MNA include CSB, ACWV, QQXT
What is ETF correlation?
Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.
Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.
Using ETF correlations in portfolio and strategy construction
ETF correlations can help you create investing strategies and portfolios. Use them to:
- •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
- •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
- •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.
Trading Strategies
Related toMNA
Simon | KMLM switcher | Simon Shorts Ed. + MbM | (single pops)| BT 4/13/22
Category
Tactical rotation, trend-following, momentum, volatility hedging, leveraged ETFs, inverse ETFs, managed futures, risk-on/off switching
OOS Cumulative Return
92.47%
💎🥐
Category
Volatility, Tactical allocation, Momentum, Risk-on/off, Leveraged ETFs, Trend filter, Defensive rotation
OOS Cumulative Return
44.13%
Create your own algorithmic trading strategy with MNA using Composer
FAQ
Disclaimers
We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.
We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.