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MNA vs SPY

Comparison between NYLI MERGER ARBITRAGE ETF (MNA, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed MNA, delivering a return of +12.4% compared to +2.1%

MNA vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
MNA
$251M
Winner
SPY
$781B
Expense Ratio
MNA
0.77%
Winner
SPY
0.09%
Max Drawdown
Winner
MNA
16.68%
SPY
56.47%
Sharpe Ratio
MNA
-0.04
Winner
SPY
1.12
5Y Beta
Winner
MNA
0.10
SPY
1.00
P/E Ratio
MNA
110.19
Winner
SPY
28.53
Forward P/E
Winner
MNA
14.54
SPY
21.47
5Y Dividends CAGR
MNA
N/A
SPY
6.00%
5Y EPS CAGR
MNA
N/A
SPY
25.58%
Debt to Equity
MNA
109.32%
Winner
SPY
32.09%
P/S Ratio
MNA
N/A
SPY
3.75
P/B Ratio
MNA
N/A
SPY
5.64

MNA vs SPY - Holdings Comparison

MNA and SPY have 19 common holdings. Overlap is -15.62%

MNA's top 25 holdings weight is 75.33%. SPY's top 25 holdings weight is 51.74%.

RankMNASPY
#1
TECK RESOURCES LTD CLASS B (SUB VOTING) (n/a) - 4.78%
NVIDIA CORP (NVDA) - 7.89%
#2
NORFOLK SOUTHERN CORP (NSC) - 4.14%
APPLE INC (AAPL) - 7.37%
#3
ELECTRONIC ARTS INC (EA) - 3.88%
MICROSOFT CORP (MSFT) - 4.50%
#4
REC BKH US SMS (n/a) - 3.72%
AMAZON.COM INC (AMZN) - 3.82%
#5
PAY NEE US SMS (n/a) - 3.67%
ALPHABET INC CLASS A (GOOGL) - 3.33%
#6
DOMINION ENERGY INC (D) - 3.59%
BROADCOM INC (AVGO) - 2.86%
#7
NORTHWESTERN ENERGY GROUP INC (NWE) - 3.59%
ALPHABET INC CLASS C (GOOG) - 2.68%
#8
CHART INDUSTRIES INC (GTLS) - 3.53%
META PLATFORMS INC CLASS A (META) - 2.29%
#9
REC UNP US SMS (n/a) - 3.52%
TESLA INC (TSLA) - 1.70%
#10
CAESARS ENTERTAINMENT INC (CZR) - 3.13%
MICRON TECHNOLOGY INC (MU) - 1.56%
#11
n/a (WBD) - 3.12%
JPMORGAN CHASE & CO (JPM) - 1.42%
#12
KENVUE INC (KVUE) - 3.06%
ELI LILLY AND CO (LLY) - 1.40%
#13
THE AES CORP (AES) - 3.04%
BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37%
#14
ARC RESOURCES LTD (n/a) - 2.86%
ADVANCED MICRO DEVICES INC (AMD) - 1.32%
#15
TAYLOR MORRISON HOME CORP (TMHC) - 2.71%
EXXONMOBIL HOLDINGS CORP (XOM) - 0.92%
#16
ORGANON & CO ORDINARY SHARES (OGN) - 2.69%
JOHNSON & JOHNSON (JNJ) - 0.91%
#17
EQUITABLE HOLDINGS INC (EQH) - 2.66%
VISA INC CLASS A (V) - 0.90%
#18
PAY KMB US SMS (n/a) - 2.54%
WALMART INC (WMT) - 0.76%
#19
GLOBALSTAR INC (GSAT) - 2.45%
INTEL CORP (INTC) - 0.75%
#20
QORVO INC (QRVO) - 2.30%
APPLIED MATERIALS INC (AMAT) - 0.70%
#21
SCHRODERS PLC (n/a) - 2.17%
CISCO SYSTEMS INC (CSCO) - 0.68%
#22
WEBSTER FINANCIAL CORP (WBS) - 2.17%
MASTERCARD INC CLASS A (MA) - 0.66%
#23
PENUMBRA INC (PEN) - 2.09%
ABBVIE INC (ABBV) - 0.66%
#24
FIRST CAPITAL REIT (n/a) - 1.98%
CATERPILLAR INC (CAT) - 0.65%
#25
INPOST SA ORDINARY SHARES (n/a) - 1.94%
LAM RESEARCH CORP (LRCX) - 0.64%
Total Holdings110505

MNA vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
MNA
+0.36%
Winner
SPY
+0.63%
3M
MNA
+0.76%
Winner
SPY
+4.46%
6M
MNA
+1.55%
Winner
SPY
+7.67%
1Y
MNA
+3.60%
Winner
SPY
+17.68%
5Y(CAGR)
MNA
+2.09%
Winner
SPY
+12.42%
10Y(CAGR)
MNA
+2.89%
Winner
SPY
+14.84%
Max(CAGR)
MNA
+2.68%
Winner
SPY
+8.44%

MNA vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearMNASPY
2026+1.98%+8.63%
2025+8.19%+18.00%
2024+4.83%+25.59%
2023+0.21%+26.72%
2022-1.49%-18.64%
2021-3.36%+30.52%
2020+2.65%+17.28%
2019+5.10%+31.09%
2018+1.70%-5.24%
2017+5.72%+20.78%
2016+4.30%+13.59%
2015+1.45%+1.31%
2014+5.68%+14.56%
2013+7.13%+29.00%
2012+1.16%+14.17%
2011-0.69%+0.85%
2010-2.62%+13.14%
2009+0.96%+22.67%
2008N/A-36.25%
2007N/A+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

MNA vs SPY Drawdown Comparison

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

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current MNA drawdown is -0.19%. The current SPY drawdown is -2.57%.

RankMNASPY
#1-16.68%
Jan 24, 2020 - Sep 29, 2020		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-11.94%
Apr 23, 2010 - Jul 18, 2013		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-10.74%
Apr 26, 2021 - Jan 15, 2025		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-5.78%
May 28, 2015 - Mar 3, 2016		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-4.83%
Jan 24, 2018 - Oct 16, 2018		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-3.98%
Jan 8, 2021 - Apr 21, 2021		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-3.90%
Jul 23, 2014 - Nov 26, 2014		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-3.04%
Aug 8, 2013 - Sep 18, 2013		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-3.00%
Jan 31, 2019 - Oct 22, 2019		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-2.85%
May 25, 2016 - Sep 2, 2016		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-2.50%
Nov 7, 2018 - Jan 15, 2019		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-2.44%
Mar 20, 2014 - Jun 17, 2014		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-2.33%
Nov 6, 2020 - Jan 8, 2021		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-2.28%
Mar 4, 2016 - May 25, 2016		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-2.26%
Sep 30, 2016 - Nov 23, 2016		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between MNA and SPY is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.

0.91
-101

Dividend Comparison (1999 - 2026)

MNA vs SPY dividend yield comparison.

YearMNASPY
20260.00%0.50%
20250.00%1.07%
20240.00%1.21%
20231.20%1.40%
20220.00%1.65%
20210.00%1.20%
20202.30%1.52%
20190.00%1.75%
20180.00%2.04%
20170.00%1.80%
20160.21%2.03%
20150.87%2.06%
20140.00%1.87%
20130.99%1.81%
20120.19%2.18%
20110.00%2.05%
20101.33%1.80%
20090.01%1.95%
20080.00%3.02%
20070.00%1.85%
20060.00%1.73%
20050.00%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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