MNA vs UWM
Comparison between NYLI MERGER ARBITRAGE ETF (MNA, ETF) and PROSHARES ULTRA RUSSELL2000 (UWM, ETF).
5-Year PerformanceMNA has outperformed UWM, delivering a return of +1.9% compared to +0.8%
MNA vs UWM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
MNA
$249M
UWM
$248M
Expense Ratio
MNA
0.77%
UWM
N/A
Max Drawdown
Winner
MNA
16.68%
UWM
88.54%
Sharpe Ratio
MNA
0.13
Winner
UWM
1.48
5Y Beta
Winner
MNA
0.10
UWM
2.20
P/E Ratio
Winner
MNA
75.68
UWM
806.71
Forward P/E
Winner
MNA
13.48
UWM
14.22
5Y Dividends CAGR
MNA
N/A
UWM
80.23%
Debt to Equity
MNA
100.38%
Winner
UWM
32.36%
P/S Ratio
MNA
1.75
Winner
UWM
1.38
P/B Ratio
MNA
2.77
Winner
UWM
2.12
MNA vs UWM - Holdings Comparison
MNA and UWM have 25 common holdings. Overlap is -6.81%
MNA's top 25 holdings weight is 78.13%. UWM's top 25 holdings weight is 19.00%.
| Rank | MNA | UWM |
|---|---|---|
| #1 | DREY INST PREF GOV MM INST 6546 (n/a) - 7.16% | CTE PROSHARES TRUST M (n/a) - 6.30% |
| #2 | TECK RESOURCES LTD CLASS B (SUB VOTING) (n/a) - 5.34% | RUSSELL 2000 INDEX SWAP (n/a) - 3.22% |
| #3 | NORFOLK SOUTHERN CORP (NSC) - 4.08% | CASH (n/a) - 2.66% |
| #4 | ELECTRONIC ARTS INC (EA) - 3.81% | CREDO TECHNOLOGY GROUP HOLDING LTD (CRDO) - 0.62% |
| #5 | REC BKH US SMS (n/a) - 3.77% | BLOOM ENERGY CORP CLASS A (BE) - 0.53% |
| #6 | NORTHWESTERN ENERGY GROUP INC (NWE) - 3.68% | FABRINET (FN) - 0.46% |
| #7 | CHART INDUSTRIES INC (GTLS) - 3.51% | IONQ INC CLASS A (IONQ) - 0.43% |
| #8 | TXNM ENERGY INC (TXNM) - 3.51% | ECHOSTAR CORP CLASS A (SATS) - 0.41% |
| #9 | REC UNP US SMS (n/a) - 3.50% | KRATOS DEFENSE & SECURITY SOLUTIONS INC (KTOS) - 0.35% |
| #10 | n/a (WBD) - 3.23% | NEXTPOWER INC CLASS A (NXT) - 0.35% |
| #11 | THE AES CORP (AES) - 3.06% | GUARDANT HEALTH INC (GH) - 0.34% |
| #12 | ARC RESOURCES LTD (n/a) - 2.96% | HECLA MINING CO (HL) - 0.34% |
| #13 | QORVO INC (QRVO) - 2.92% | BRIDGEBIO PHARMA INC (BBIO) - 0.33% |
| #14 | KENVUE INC (KVUE) - 2.78% | COEUR MINING INC (CDE) - 0.32% |
| #15 | ORGANON & CO ORDINARY SHARES (OGN) - 2.69% | MADRIGAL PHARMACEUTICALS INC (MDGL) - 0.30% |
| #16 | GLOBALSTAR INC (GSAT) - 2.56% | RAMBUS INC (RMBS) - 0.28% |
| #17 | EQUITABLE HOLDINGS INC (EQH) - 2.50% | ENSIGN GROUP INC (ENSG) - 0.28% |
| #18 | PAY KMB US SMS (n/a) - 2.29% | SPX TECHNOLOGIES INC (SPXC) - 0.27% |
| #19 | AXALTA COATING SYSTEMS LTD (AXTA) - 2.24% | JOBY AVIATION INC (JOBY) - 0.18% |
| #20 | PENUMBRA INC (PEN) - 2.17% | SEMTECH CORP (SMTC) - 0.18% |
| #21 | SCHRODERS PLC (n/a) - 2.17% | AXSOME THERAPEUTICS INC (AXSM) - 0.17% |
| #22 | WEBSTER FINANCIAL CORP (WBS) - 2.07% | ESSENT GROUP LTD (ESNT) - 0.17% |
| #23 | PAY AKZA US SMS (n/a) - 2.07% | TERRENO REALTY CORP (TRNO) - 0.17% |
| #24 | FIRST CAPITAL REIT (n/a) - 2.04% | PIPER SANDLER COS (PIPR) - 0.17% |
| #25 | KENNEDY-WILSON HOLDINGS INC (KW) - 2.02% | INSTALLED BUILDING PRODUCTS INC (IBP) - 0.17% |
| Total Holdings | 98 | 1773 |
MNA vs UWM - Historical Returns
Returns include dividend reinvestment.
1M
Winner
MNA
+0.04%
UWM
-1.56%
3M
MNA
+0.72%
Winner
UWM
+17.76%
6M
MNA
+1.70%
Winner
UWM
+22.03%
1Y
MNA
+4.23%
Winner
UWM
+70.12%
5Y(CAGR)
Winner
MNA
+1.86%
UWM
+0.82%
10Y(CAGR)
MNA
+2.75%
Winner
UWM
+11.43%
Max(CAGR)
MNA
+2.68%
Winner
UWM
+6.89%
MNA vs UWM - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | MNA | UWM |
|---|---|---|
| 2026 | +1.64% | +23.68% |
| 2025 | +8.19% | +13.30% |
| 2024 | +4.83% | +12.80% |
| 2023 | +0.21% | +24.03% |
| 2022 | -1.49% | -45.05% |
| 2021 | -3.36% | +27.27% |
| 2020 | +2.65% | +16.54% |
| 2019 | +5.10% | +46.76% |
| 2018 | +1.70% | -27.28% |
| 2017 | +5.72% | +25.67% |
| 2016 | +4.30% | +48.22% |
| 2015 | +1.45% | -11.30% |
| 2014 | +5.68% | +8.63% |
| 2013 | +7.13% | +75.97% |
| 2012 | +1.16% | +26.65% |
| 2011 | -0.69% | -21.20% |
| 2010 | -2.62% | +43.30% |
| 2009 | +0.96% | +37.44% |
| 2008 | N/A | -65.83% |
| 2007 | N/A | -12.78% |
MNA vs UWM Drawdown Comparison
The maximum drawdown for MNA was -16.68%, occurring on Mar 18, 2020. Recovery took 172 trading sessions.
The maximum drawdown for UWM was -88.21%, occurring on Mar 9, 2009. Recovery took 1611 trading sessions.
The current MNA drawdown is -0.46%. The current UWM drawdown is -7.68%.
| Rank | MNA | UWM |
|---|---|---|
| #1 | -16.68% Jan 24, 2020 - Sep 29, 2020 | -88.21% Jun 4, 2007 - Oct 24, 2013 |
| #2 | -11.94% Apr 23, 2010 - Jul 18, 2013 | -71.47% Aug 31, 2018 - Dec 15, 2020 |
| #3 | -10.74% Apr 26, 2021 - Jan 15, 2025 | -61.62% Nov 8, 2021 - Oct 27, 2023 |
| #4 | -5.78% May 28, 2015 - Mar 3, 2016 | -46.62% Jun 23, 2015 - Nov 18, 2016 |
| #5 | -4.83% Jan 24, 2018 - Oct 16, 2018 | -24.56% Mar 4, 2014 - Dec 26, 2014 |
| #6 | -3.98% Jan 8, 2021 - Apr 21, 2021 | -19.71% Mar 15, 2021 - Nov 3, 2021 |
| #7 | -3.90% Jul 23, 2014 - Nov 26, 2014 | -17.72% Jan 23, 2018 - May 17, 2018 |
| #8 | -3.04% Aug 8, 2013 - Sep 18, 2013 | -16.78% Feb 22, 2007 - Apr 26, 2007 |
| #9 | -3.00% Jan 31, 2019 - Oct 22, 2019 | -14.31% Jan 22, 2014 - Feb 27, 2014 |
| #10 | -2.85% May 25, 2016 - Sep 2, 2016 | -13.43% Feb 9, 2021 - Mar 11, 2021 |
| #11 | -2.50% Nov 7, 2018 - Jan 15, 2019 | -12.52% Jul 25, 2017 - Sep 25, 2017 |
| #12 | -2.44% Mar 20, 2014 - Jun 17, 2014 | -10.36% Dec 29, 2014 - Feb 13, 2015 |
| #13 | -2.33% Nov 6, 2020 - Jan 8, 2021 | -9.22% Mar 1, 2017 - Apr 26, 2017 |
| #14 | -2.28% Mar 4, 2016 - May 25, 2016 | -9.12% Apr 15, 2015 - Jun 18, 2015 |
| #15 | -2.26% Sep 30, 2016 - Nov 23, 2016 | -8.72% Jan 22, 2021 - Feb 4, 2021 |
Correlation
Correlation between MNA and UWM is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.
0.91
-101
Dividend Comparison (2007 - 2026)
MNA vs UWM dividend yield comparison.
| Year | MNA | UWM |
|---|---|---|
| 2026 | 0.00% | 0.12% |
| 2025 | 0.00% | 1.05% |
| 2024 | 0.00% | 1.16% |
| 2023 | 1.20% | 0.34% |
| 2022 | 0.00% | 0.40% |
| 2020 | 2.30% | 0.07% |
| 2019 | 0.00% | 0.55% |
| 2018 | 0.00% | 0.41% |
| 2017 | 0.00% | 0.11% |
| 2016 | 0.21% | 0.27% |
| 2015 | 0.87% | 0.23% |
| 2014 | 0.00% | 0.11% |
| 2013 | 0.99% | 0.00% |
| 2012 | 0.19% | 0.02% |
| 2010 | 1.33% | 0.02% |
| 2009 | 0.01% | 0.21% |
| 2008 | 0.00% | 1.23% |
| 2007 | 0.00% | 2.39% |
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