IQ Merger Arbitrage ETF  MNA
 Morningstar Rating (Relative to Category)04-30-13 
 Morningstar ReturnMorningstar RiskMorningstar RatingTM
3-YearAverageAbove Average3 stars
5-Year------Not Rated
10-Year------Not Rated
OverallAverageAbove Average3 stars
Morningstar Category: Market Neutral
  Volatility Measurements  
Standard Deviation5.66
Mean-0.29
Sharpe Ratio-0.07
Trailing 3-Yr as of 04-30-13
  Modern Portfolio Theory Statistics 
Standard Index
S&P 500 TR USD
Best Fit Index
R-Squared5661
Beta0.280.68
Alpha-4.09-5.48
Trailing 3-Yr as of 04-30-13
Show Data Definitions
Become a Morningstar Premium Member. Enjoy our analyst picks and buy-sell opinions on 3,800 stocks, funds and ETFs. Learn more.

© Copyright 2013 Morningstar, Inc. All rights reserved. Morningstar, the Morningstar logo, Morningstar.com, Morningstar Tools are either trademark or service marks of Morningstar, Inc.
Past performance is not an indication of future results and exchange-traded fund investment returns and share prices will fluctuate. Your investment may be worth more or less than your original cost when you redeem your shares. Current performance may be lower or higher than the performance data quoted.