MNA vs RISR

Comparison between NYLI MERGER ARBITRAGE ETF (MNA, ETF) and FOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF (RISR, ETF).

5-Year PerformanceRISR has outperformed MNA, delivering a return of +14.5% compared to +1.9%

MNA vs RISR - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MNA(ETF)	RISR(ETF)
Net Assets	$250M	$251M
Expense Ratio	0.77%	1.04%
Max Drawdown	16.68%	14.88%
Sharpe Ratio	0.10	0.16
5Y Beta	0.10	-0.01
P/E Ratio	78.03	N/A
Forward P/E	13.45	N/A
Debt to Equity	100.32%	N/A

Net Assets

MNA

$250M

Winner

RISR

$251M

Expense Ratio

Winner

MNA

0.77%

RISR

1.04%

Max Drawdown

MNA

16.68%

Winner

RISR

14.88%

Sharpe Ratio

MNA

0.10

Winner

RISR

0.16

5Y Beta

MNA

0.10

Winner

RISR

-0.01

P/E Ratio

MNA

78.03

RISR

N/A

Forward P/E

MNA

13.45

RISR

N/A

Debt to Equity

MNA

100.32%

RISR

N/A

MNA vs RISR - Historical Returns

Returns include dividend reinvestment.

Period	MNA	RISR
1 month	+0.44%	-0.38%
3 months	+1.09%	+1.81%
6 months	+1.52%	+3.35%
1 year	+3.99%	+4.61%
5 years(CAGR)	+1.91%	+14.51%
10 years(CAGR)	+2.81%	N/A
Max(CAGR)	+2.68%	+14.51%

Winner

MNA

+0.44%

RISR

-0.38%

MNA

+1.09%

Winner

RISR

+1.81%

MNA

+1.52%

Winner

RISR

+3.35%

MNA

+3.99%

Winner

RISR

+4.61%

5Y(CAGR)

MNA

+1.91%

Winner

RISR

+14.51%

10Y(CAGR)

MNA

+2.81%

RISR

N/A

Max(CAGR)

MNA

+2.68%

Winner

RISR

+14.51%

MNA vs RISR - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	MNA	RISR
2026	+1.67%	+3.64%
2025	+8.19%	+4.15%
2024	+4.83%	+23.40%
2023	+0.21%	+7.62%
2022	-1.49%	+32.75%
2021	-3.36%	+0.02%
2020	+2.65%	N/A
2019	+5.10%	N/A
2018	+1.70%	N/A
2017	+5.72%	N/A
2016	+4.30%	N/A
2015	+1.45%	N/A
2014	+5.68%	N/A
2013	+7.13%	N/A
2012	+1.16%	N/A
2011	-0.69%	N/A
2010	-2.62%	N/A
2009	+0.96%	N/A

MNA vs RISR Drawdown Comparison

The maximum drawdown for MNA was -16.68%, occurring on Mar 18, 2020. Recovery took 172 trading sessions.

The maximum drawdown for RISR was -14.31%, occurring on Aug 16, 2022. Recovery took 192 trading sessions.

The current MNA drawdown is -0.44%. The current RISR drawdown is -0.49%.

Rank	MNA	RISR
#1	-16.68% Jan 24, 2020 - Sep 29, 2020	-14.31% Jun 14, 2022 - Mar 21, 2023
#2	-11.94% Apr 23, 2010 - Jul 18, 2013	-8.06% Oct 30, 2023 - Feb 15, 2024
#3	-10.74% Apr 26, 2021 - Jan 15, 2025	-5.36% Mar 21, 2023 - May 22, 2023
#4	-5.78% May 28, 2015 - Mar 3, 2016	-4.92% Oct 11, 2021 - Nov 24, 2021
#5	-4.83% Jan 24, 2018 - Oct 16, 2018	-4.82% Feb 16, 2022 - Mar 15, 2022
#6	-3.98% Jan 8, 2021 - Apr 21, 2021	-4.26% Nov 24, 2021 - Jan 6, 2022
#7	-3.90% Jul 23, 2014 - Nov 26, 2014	-4.16% Jul 1, 2024 - Oct 9, 2024
#8	-3.04% Aug 8, 2013 - Sep 18, 2013	-3.78% May 25, 2023 - Jul 6, 2023
#9	-3.00% Jan 31, 2019 - Oct 22, 2019	-3.40% May 17, 2022 - Jun 10, 2022
#10	-2.85% May 25, 2016 - Sep 2, 2016	-3.07% Jul 11, 2023 - Aug 3, 2023
#11	-2.50% Nov 7, 2018 - Jan 15, 2019	-2.99% Oct 1, 2021 - Oct 7, 2021
#12	-2.44% Mar 20, 2014 - Jun 17, 2014	-2.60% Sep 3, 2025 - Jan 6, 2026
#13	-2.33% Nov 6, 2020 - Jan 8, 2021	-2.50% Feb 21, 2024 - Apr 10, 2024
#14	-2.28% Mar 4, 2016 - May 25, 2016	-2.10% May 13, 2024 - May 28, 2024
#15	-2.26% Sep 30, 2016 - Nov 23, 2016	-2.03% Apr 10, 2025 - May 21, 2025

Correlation

Correlation between MNA and RISR is 0.79 which considered as a strong positive correlation - the stocks tend to move together.

0.79

-101

Dividend Comparison (2009 - 2026)

MNA vs RISR dividend yield comparison.

Year	MNA	RISR
2026	0.00%	2.48%
2025	0.00%	5.95%
2024	0.00%	5.67%
2023	1.20%	7.96%
2022	0.00%	4.26%
2021	0.00%	0.30%
2020	2.30%	0.00%
2016	0.21%	0.00%
2015	0.87%	0.00%
2013	0.99%	0.00%
2012	0.19%	0.00%
2010	1.33%	0.00%
2009	0.01%	0.00%