ESN vs MNA
Comparison between ESSENTIAL 40 STOCK ETF (ESN, ETF) and NYLI MERGER ARBITRAGE ETF (MNA, ETF).
ESN vs MNA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
ESN
$249M
MNA
$249M
Expense Ratio
Winner
ESN
0.70%
MNA
0.77%
Max Drawdown
Winner
ESN
13.60%
MNA
16.68%
Sharpe Ratio
Winner
ESN
2.02
MNA
0.13
5Y Beta
ESN
0.67
Winner
MNA
0.10
P/E Ratio
Winner
ESN
23.89
MNA
75.68
Forward P/E
ESN
18.20
Winner
MNA
13.48
PEG Ratio
ESN
0.56
MNA
N/A
5Y EPS CAGR
ESN
11.60%
MNA
N/A
Debt to Equity
ESN
N/A
MNA
100.38%
P/S Ratio
Winner
ESN
1.62
MNA
1.75
P/B Ratio
ESN
4.00
Winner
MNA
2.77
ESN vs MNA - Holdings Comparison
ESN and MNA have 2 common holdings. Overlap is -3.71%
ESN's top 25 holdings weight is 67.98%. MNA's top 25 holdings weight is 78.13%.
| Rank | ESN | MNA |
|---|---|---|
| #1 | INTEL CORP (INTC) - 6.13% | DREY INST PREF GOV MM INST 6546 (n/a) - 7.16% |
| #2 | MARATHON PETROLEUM CORP (MPC) - 3.20% | TECK RESOURCES LTD CLASS B (SUB VOTING) (n/a) - 5.34% |
| #3 | PALO ALTO NETWORKS INC (PANW) - 3.16% | NORFOLK SOUTHERN CORP (NSC) - 4.08% |
| #4 | FEDEX CORP (FDX) - 2.86% | ELECTRONIC ARTS INC (EA) - 3.81% |
| #5 | ENTERPRISE PRODUCTS PARTNERS LP (EPD) - 2.81% | REC BKH US SMS (n/a) - 3.77% |
| #6 | EXXON MOBIL CORP (XOM) - 2.78% | NORTHWESTERN ENERGY GROUP INC (NWE) - 3.68% |
| #7 | APPLE INC (AAPL) - 2.73% | CHART INDUSTRIES INC (GTLS) - 3.51% |
| #8 | VERIZON COMMUNICATIONS INC (VZ) - 2.72% | TXNM ENERGY INC (TXNM) - 3.51% |
| #9 | CVS HEALTH CORP (CVS) - 2.67% | REC UNP US SMS (n/a) - 3.50% |
| #10 | ALPHABET INC CLASS A (GOOGL) - 2.64% | n/a (WBD) - 3.23% |
| #11 | NUTRIEN LTD (n/a) - 2.55% | THE AES CORP (AES) - 3.06% |
| #12 | UNITEDHEALTH GROUP INC (UNH) - 2.54% | ARC RESOURCES LTD (n/a) - 2.96% |
| #13 | JOHNSON & JOHNSON (JNJ) - 2.50% | QORVO INC (QRVO) - 2.92% |
| #14 | AMAZON.COM INC (AMZN) - 2.50% | KENVUE INC (KVUE) - 2.78% |
| #15 | DELTA AIR LINES INC (DAL) - 2.48% | ORGANON & CO ORDINARY SHARES (OGN) - 2.69% |
| #16 | COSTCO WHOLESALE CORP (COST) - 2.45% | GLOBALSTAR INC (GSAT) - 2.56% |
| #17 | CME GROUP INC CLASS A (CME) - 2.45% | EQUITABLE HOLDINGS INC (EQH) - 2.50% |
| #18 | CHUBB LTD (CB) - 2.44% | PAY KMB US SMS (n/a) - 2.29% |
| #19 | FORD MOTOR CO (F) - 2.44% | AXALTA COATING SYSTEMS LTD (AXTA) - 2.24% |
| #20 | FREEPORT-MCMORAN INC (FCX) - 2.41% | PENUMBRA INC (PEN) - 2.17% |
| #21 | DUKE ENERGY CORP (DUK) - 2.41% | SCHRODERS PLC (n/a) - 2.17% |
| #22 | SYSCO CORP (SYY) - 2.31% | WEBSTER FINANCIAL CORP (WBS) - 2.07% |
| #23 | PFIZER INC (PFE) - 2.31% | PAY AKZA US SMS (n/a) - 2.07% |
| #24 | WASTE MANAGEMENT INC (WM) - 2.25% | FIRST CAPITAL REIT (n/a) - 2.04% |
| #25 | ELI LILLY AND CO (LLY) - 2.24% | KENNEDY-WILSON HOLDINGS INC (KW) - 2.02% |
| Total Holdings | 42 | 98 |
ESN vs MNA - Historical Returns
Returns include dividend reinvestment.
1M
Winner
ESN
+3.09%
MNA
+0.04%
3M
Winner
ESN
+7.23%
MNA
+0.72%
6M
Winner
ESN
+13.12%
MNA
+1.70%
1Y
Winner
ESN
+26.32%
MNA
+4.23%
5Y(CAGR)
ESN
N/A
MNA
+1.86%
10Y(CAGR)
ESN
N/A
MNA
+2.75%
Max(CAGR)
Winner
ESN
+16.41%
MNA
+2.68%
ESN vs MNA - Annual Returns (2009 - 2026)
Returns include dividend reinvestment.
| Year | ESN | MNA |
|---|---|---|
| 2026 | +12.77% | +1.64% |
| 2025 | +16.95% | +8.19% |
| 2024 | -2.98% | +4.83% |
| 2023 | N/A | +0.21% |
| 2022 | N/A | -1.49% |
| 2021 | N/A | -3.36% |
| 2020 | N/A | +2.65% |
| 2019 | N/A | +5.10% |
| 2018 | N/A | +1.70% |
| 2017 | N/A | +5.72% |
| 2016 | N/A | +4.30% |
| 2015 | N/A | +1.45% |
| 2014 | N/A | +5.68% |
| 2013 | N/A | +7.13% |
| 2012 | N/A | +1.16% |
| 2011 | N/A | -0.69% |
| 2010 | N/A | -2.62% |
| 2009 | N/A | +0.96% |
ESN vs MNA Drawdown Comparison
The maximum drawdown for ESN was -13.60%, occurring on Apr 8, 2025. Recovery took 89 trading sessions.
The maximum drawdown for MNA was -16.68%, occurring on Mar 18, 2020. Recovery took 172 trading sessions.
The current ESN drawdown is -1.84%. The current MNA drawdown is -0.46%.
| Rank | ESN | MNA |
|---|---|---|
| #1 | -13.60% Feb 19, 2025 - Jun 27, 2025 | -16.68% Jan 24, 2020 - Sep 29, 2020 |
| #2 | -6.42% Mar 2, 2026 - Apr 17, 2026 | -11.94% Apr 23, 2010 - Jul 18, 2013 |
| #3 | -5.60% Nov 29, 2024 - Feb 13, 2025 | -10.74% Apr 26, 2021 - Jan 15, 2025 |
| #4 | -4.90% Oct 27, 2025 - Jan 5, 2026 | -5.78% May 28, 2015 - Mar 3, 2016 |
| #5 | -3.18% Jul 10, 2025 - Aug 15, 2025 | -4.83% Jan 24, 2018 - Oct 16, 2018 |
| #6 | -2.86% Oct 21, 2024 - Nov 6, 2024 | -3.98% Jan 8, 2021 - Apr 21, 2021 |
| #7 | -2.19% Oct 6, 2025 - Oct 24, 2025 | -3.90% Jul 23, 2014 - Nov 26, 2014 |
| #8 | -1.86% Nov 11, 2024 - Nov 25, 2024 | -3.04% Aug 8, 2013 - Sep 18, 2013 |
| #9 | -1.84% May 29, 2026 - Jun 5, 2026 | -3.00% Jan 31, 2019 - Oct 22, 2019 |
| #10 | -1.80% Feb 11, 2026 - Feb 27, 2026 | -2.85% May 25, 2016 - Sep 2, 2016 |
| #11 | -1.39% Jan 15, 2026 - Jan 22, 2026 | -2.50% Nov 7, 2018 - Jan 15, 2019 |
| #12 | -1.17% Feb 4, 2026 - Feb 6, 2026 | -2.44% Mar 20, 2014 - Jun 17, 2014 |
| #13 | -0.92% May 14, 2026 - May 20, 2026 | -2.33% Nov 6, 2020 - Jan 8, 2021 |
| #14 | -0.84% Apr 30, 2026 - May 5, 2026 | -2.28% Mar 4, 2016 - May 25, 2016 |
| #15 | -0.74% Sep 11, 2025 - Sep 18, 2025 | -2.26% Sep 30, 2016 - Nov 23, 2016 |
Correlation
Correlation between ESN and MNA is 0.82 which considered as a strong positive correlation - the stocks tend to move together.
0.82
-101
Dividend Comparison (2009 - 2025)
ESN vs MNA dividend yield comparison.
| Year | ESN | MNA |
|---|---|---|
| 2025 | 0.91% | 0.00% |
| 2024 | 0.76% | 0.00% |
| 2023 | 0.00% | 1.20% |
| 2020 | 0.00% | 2.30% |
| 2016 | 0.00% | 0.21% |
| 2015 | 0.00% | 0.87% |
| 2013 | 0.00% | 0.99% |
| 2012 | 0.00% | 0.19% |
| 2010 | 0.00% | 1.33% |
| 2009 | 0.00% | 0.01% |
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