EWZS vs MNA
Comparison between ISHARES MSCI BRAZIL SMALL-CAP ETF (EWZS, ETF) and NYLI MERGER ARBITRAGE ETF (MNA, ETF).
5-Year PerformanceMNA has outperformed EWZS, delivering a return of +1.9% compared to -4.2%
EWZS vs MNA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
EWZS
$251M
MNA
$250M
Expense Ratio
Winner
EWZS
0.59%
MNA
0.77%
Max Drawdown
EWZS
81.65%
Winner
MNA
16.68%
Sharpe Ratio
Winner
EWZS
0.29
MNA
0.10
5Y Beta
EWZS
0.88
Winner
MNA
0.10
P/E Ratio
EWZS
N/A
MNA
78.03
Forward P/E
EWZS
N/A
MNA
13.45
5Y Dividends CAGR
EWZS
8.02%
MNA
N/A
Debt to Equity
EWZS
N/A
MNA
100.32%
EWZS vs MNA - Holdings Comparison
EWZS and MNA have 1 common holdings. Overlap is -2.13%
EWZS's top 25 holdings weight is 62.15%. MNA's top 25 holdings weight is 78.13%.
| Rank | EWZS | MNA |
|---|---|---|
| #1 | LOJAS RENNER SA (n/a) - 4.97% | DREY INST PREF GOV MM INST 6546 (n/a) - 7.16% |
| #2 | AURA MINERALS INC (AUGO) - 3.99% | TECK RESOURCES LTD CLASS B (SUB VOTING) (n/a) - 5.34% |
| #3 | SENDAS DISTRIBUIDORA SA ORDINARY SHARES (n/a) - 3.74% | NORFOLK SOUTHERN CORP (NSC) - 4.08% |
| #4 | n/a (n/a) - 3.26% | ELECTRONIC ARTS INC (EA) - 3.81% |
| #5 | ALLOS SA (n/a) - 3.25% | REC BKH US SMS (n/a) - 3.77% |
| #6 | n/a (n/a) - 3.23% | NORTHWESTERN ENERGY GROUP INC (NWE) - 3.68% |
| #7 | NATURA COSMETICOS SA (n/a) - 2.95% | CHART INDUSTRIES INC (GTLS) - 3.51% |
| #8 | n/a (n/a) - 2.86% | TXNM ENERGY INC (TXNM) - 3.51% |
| #9 | PAGSEGURO DIGITAL LTD CLASS A (PAGS) - 2.51% | REC UNP US SMS (n/a) - 3.50% |
| #10 | n/a (n/a) - 2.48% | n/a (WBD) - 3.23% |
| #11 | INTER & CO INC ORDINARY SHARES CLASS A (INTR) - 2.45% | THE AES CORP (AES) - 3.06% |
| #12 | BRAVA ENERGIA SA ORDINARY SHARES (n/a) - 2.40% | ARC RESOURCES LTD (n/a) - 2.96% |
| #13 | n/a (n/a) - 2.38% | QORVO INC (QRVO) - 2.92% |
| #14 | HYPERA SA (n/a) - 2.34% | KENVUE INC (KVUE) - 2.78% |
| #15 | BRADESPAR SA PARTICIPATING PREFERRED (n/a) - 1.93% | ORGANON & CO ORDINARY SHARES (OGN) - 2.69% |
| #16 | GPS PARTICIPACOES E EMPREENDIMENTOS SA (n/a) - 1.93% | GLOBALSTAR INC (GSAT) - 2.56% |
| #17 | n/a (n/a) - 1.89% | EQUITABLE HOLDINGS INC (EQH) - 2.50% |
| #18 | CYRELA BRAZIL REALTY SA EMPREEND E PART (n/a) - 1.87% | PAY KMB US SMS (n/a) - 2.29% |
| #19 | n/a (n/a) - 1.83% | AXALTA COATING SYSTEMS LTD (AXTA) - 2.24% |
| #20 | COSAN SA (n/a) - 1.80% | PENUMBRA INC (PEN) - 2.17% |
| #21 | n/a (n/a) - 1.78% | SCHRODERS PLC (n/a) - 2.17% |
| #22 | n/a (n/a) - 1.67% | WEBSTER FINANCIAL CORP (WBS) - 2.07% |
| #23 | COGNAEDUCACAO SA (n/a) - 1.65% | PAY AKZA US SMS (n/a) - 2.07% |
| #24 | SIGMA LITHIUM CORP (SGML) - 1.50% | FIRST CAPITAL REIT (n/a) - 2.04% |
| #25 | AUREN ENERGIA SA (n/a) - 1.49% | KENNEDY-WILSON HOLDINGS INC (KW) - 2.02% |
| Total Holdings | 79 | 98 |
EWZS vs MNA - Historical Returns
Returns include dividend reinvestment.
1M
EWZS
-3.10%
Winner
MNA
+0.44%
3M
EWZS
-3.52%
Winner
MNA
+1.09%
6M
EWZS
+0.76%
Winner
MNA
+1.52%
1Y
Winner
EWZS
+4.49%
MNA
+3.99%
5Y(CAGR)
EWZS
-4.23%
Winner
MNA
+1.91%
10Y(CAGR)
Winner
EWZS
+7.79%
MNA
+2.81%
Max(CAGR)
EWZS
-1.09%
Winner
MNA
+2.68%
EWZS vs MNA - Annual Returns (2009 - 2026)
Returns include dividend reinvestment.
| Year | EWZS | MNA |
|---|---|---|
| 2026 | +3.53% | +1.67% |
| 2025 | +44.26% | +8.19% |
| 2024 | -33.42% | +4.83% |
| 2023 | +43.43% | +0.21% |
| 2022 | -6.28% | -1.49% |
| 2021 | -12.21% | -3.36% |
| 2020 | -21.62% | +2.65% |
| 2019 | +44.85% | +5.10% |
| 2018 | -9.43% | +1.70% |
| 2017 | +49.22% | +5.72% |
| 2016 | +72.86% | +4.30% |
| 2015 | -49.35% | +1.45% |
| 2014 | -23.10% | +5.68% |
| 2013 | -27.74% | +7.13% |
| 2012 | +25.66% | +1.16% |
| 2011 | -24.85% | -0.69% |
| 2010 | +16.35% | -2.62% |
| 2009 | N/A | +0.96% |
EWZS vs MNA Drawdown Comparison
The maximum drawdown for EWZS was -79.22%, occurring on Jan 21, 2016. This drawdown has not yet recovered.
The maximum drawdown for MNA was -16.68%, occurring on Mar 18, 2020. Recovery took 172 trading sessions.
The current EWZS drawdown is -31.47%. The current MNA drawdown is -0.44%.
| Rank | EWZS | MNA |
|---|---|---|
| #1 | -79.22% Apr 26, 2011 - Jan 21, 2016 | -16.68% Jan 24, 2020 - Sep 29, 2020 |
| #2 | -9.69% Jan 12, 2011 - Apr 4, 2011 | -11.94% Apr 23, 2010 - Jul 18, 2013 |
| #3 | -8.18% Nov 4, 2010 - Jan 3, 2011 | -10.74% Apr 26, 2021 - Jan 15, 2025 |
| #4 | -4.01% Oct 13, 2010 - Nov 2, 2010 | -5.78% May 28, 2015 - Mar 3, 2016 |
| #5 | -2.59% Apr 8, 2011 - Apr 20, 2011 | -4.83% Jan 24, 2018 - Oct 16, 2018 |
| #6 | -1.75% Jan 3, 2011 - Jan 12, 2011 | -3.98% Jan 8, 2021 - Apr 21, 2021 |
| #7 | -1.73% Apr 4, 2011 - Apr 8, 2011 | -3.90% Jul 23, 2014 - Nov 26, 2014 |
| #8 | -0.48% Apr 20, 2011 - Apr 26, 2011 | -3.04% Aug 8, 2013 - Sep 18, 2013 |
| #9 | -0.26% Oct 5, 2010 - Oct 8, 2010 | -3.00% Jan 31, 2019 - Oct 22, 2019 |
| #10 | -0.20% Oct 1, 2010 - Oct 5, 2010 | -2.85% May 25, 2016 - Sep 2, 2016 |
| #11 | N/A | -2.50% Nov 7, 2018 - Jan 15, 2019 |
| #12 | N/A | -2.44% Mar 20, 2014 - Jun 17, 2014 |
| #13 | N/A | -2.33% Nov 6, 2020 - Jan 8, 2021 |
| #14 | N/A | -2.28% Mar 4, 2016 - May 25, 2016 |
| #15 | N/A | -2.26% Sep 30, 2016 - Nov 23, 2016 |
Correlation
Correlation between EWZS and MNA is -0.23 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.23
-101
Dividend Comparison (2009 - 2026)
EWZS vs MNA dividend yield comparison.
| Year | EWZS | MNA |
|---|---|---|
| 2026 | 1.04% | 0.00% |
| 2025 | 3.88% | 0.00% |
| 2024 | 4.93% | 0.00% |
| 2023 | 2.75% | 1.20% |
| 2022 | 4.61% | 0.00% |
| 2021 | 4.51% | 0.00% |
| 2020 | 1.15% | 2.30% |
| 2019 | 1.77% | 0.00% |
| 2018 | 4.35% | 0.00% |
| 2017 | 3.41% | 0.00% |
| 2016 | 3.62% | 0.21% |
| 2015 | 4.35% | 0.87% |
| 2014 | 3.05% | 0.00% |
| 2013 | 1.88% | 0.99% |
| 2012 | 2.64% | 0.19% |
| 2011 | 2.57% | 0.00% |
| 2010 | 0.35% | 1.33% |
| 2009 | 0.00% | 0.01% |
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