IQ Merger Correlations

MNA Etf

USD 35.37 0.08 0.23%

The current 90-days correlation between IQ Merger Arbitrage and Xtrackers Emerging Markets is 0.2 (i.e., Modest diversification). The correlation of IQ Merger is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

IQ Merger Correlation With Market

Average diversification

The correlation between IQ Merger Arbitrage and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IQ Merger Arbitrage and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MNA Etf

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in IQ Merger Arbitrage. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with MNA Etf

0.92	MARB	First Trust Vivaldi	Pair Corr
0.91	ARB	AltShares Trust	Pair Corr
0.78	SPCX	SPAC and New	Pair Corr
0.93	EVNT	AltShares Event Driven	Pair Corr
0.93	WSML	iShares MSCI World	Pair Corr
0.88	SPAQ	Horizon Kinetics SPAC	Pair Corr
0.95	PULS	PGIM Ultra Short	Pair Corr
0.93	CPSR	Calamos ETF Trust	Pair Corr
0.9	LCAP	Principal Capital	Pair Corr
0.86	CAS	Simplify Exchange Traded	Pair Corr
0.83	JUNE	Junee Limited Ordinary Symbol Change	Pair Corr
0.9	LRNZ	Elevation Series Trust	Pair Corr
0.92	SPRX	Spear Alpha ETF	Pair Corr
0.88	ABEQ	Absolute Core Strategy	Pair Corr
0.91	HYDR	Global X Hydrogen	Pair Corr
0.91	DFSU	Dimensional Sustainability	Pair Corr
0.89	VFMV	Vanguard Minimum Vol	Pair Corr
0.73	VCLT	Vanguard Long Term	Pair Corr
0.88	VBK	Vanguard Small Cap	Pair Corr
0.7	PCRB	Putnam ETF Trust	Pair Corr
0.93	TLTE	FlexShares Morningstar	Pair Corr
0.85	MVV	ProShares Ultra MidCap400	Pair Corr
0.91	IWB	iShares Russell 1000	Pair Corr
0.91	MEM	MAYBANK EMERGING ETF	Pair Corr
0.86	BPI	Grayscale Funds Trust	Pair Corr
0.9	IGF	iShares Global Infra	Pair Corr
0.9	IVAL	Alpha Architect Inte	Pair Corr
0.92	ITDG	iShares Trust	Pair Corr
0.92	OBIL	US Treasury 12	Pair Corr
0.91	FLCG	Federated Hermes ETF	Pair Corr
0.88	SPEM	SPDR Portfolio Emerging	Pair Corr
0.92	PSFF	Pacer Funds Trust	Pair Corr
0.9	GMAR	First Trust Exchange	Pair Corr
0.91	TMFC	Motley Fool 100 Low Volatility	Pair Corr
0.74	PIN	Invesco India ETF	Pair Corr

Moving against MNA Etf

0.83	BITI	ProShares Trust	Pair Corr
0.83	MPAY	Exchange Traded Concepts	Pair Corr

Related Correlations Analysis

	EMCR	FORH	MFDX	FENY	KWEB	FTRI	SPY	GBIL	BAMU	JEPI
EMCR		0.95	0.94	0.84	0.88	0.92	0.98	0.95	0.94	0.97	EMCR
FORH	0.95		0.93	0.83	0.85	0.89	0.97	0.9	0.87	0.95	FORH
MFDX	0.94	0.93		0.76	0.78	0.91	0.95	0.9	0.88	0.93	MFDX
FENY	0.84	0.83	0.76		0.68	0.9	0.85	0.86	0.87	0.82	FENY
KWEB	0.88	0.85	0.78	0.68		0.67	0.84	0.72	0.72	0.85	KWEB
FTRI	0.92	0.89	0.91	0.9	0.67		0.91	0.97	0.95	0.88	FTRI
SPY	0.98	0.97	0.95	0.85	0.84	0.91		0.94	0.92	0.98	SPY
GBIL	0.95	0.9	0.9	0.86	0.72	0.97	0.94		0.99	0.91	GBIL
BAMU	0.94	0.87	0.88	0.87	0.72	0.95	0.92	0.99		0.9	BAMU
JEPI	0.97	0.95	0.93	0.82	0.85	0.88	0.98	0.91	0.9		JEPI
	EMCR	FORH	MFDX	FENY	KWEB	FTRI	SPY	GBIL	BAMU	JEPI

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IQ Merger Constituents Risk-Adjusted Indicators

There is a big difference between MNA Etf performing well and IQ Merger ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze IQ Merger's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
EMCR	0.57	0.19	0.15	0.56	0.27	(0.66)	1.66	(1.23)	4.49
FORH	0.55	0.14	0.12	0.42	0.00	(0.69)	1.30	(0.80)	4.33
MFDX	0.52	0.13	0.07	0.55	0.30	(0.60)	1.21	(0.97)	3.00
FENY	1.03	0.11	0.02	0.41	1.11	(1.13)	2.40	(1.88)	5.13
KWEB	1.22	0.14	0.07	0.33	1.07	(1.34)	3.30	(2.64)	8.41
FTRI	0.66	0.18	0.08	15.32	0.39	(0.87)	1.55	(1.00)	3.83
SPY	0.66	0.11	0.11	0.25	0.57	(0.74)	2.08	(1.12)	4.99
GBIL	0.01	0.01	(9.24)	(4.20)	0.00	(0.02)	0.04	(0.01)	0.07
BAMU	0.03	0.00	(2.39)	1.09	0.00	(0.05)	0.08	(0.04)	0.24
JEPI	0.41	0.02	(0.06)	0.16	0.45	(0.42)	0.99	(0.69)	2.82

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