RISR vs MNA

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

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

RISR vs MNA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

RISR

$251M

MNA

$250M

Expense Ratio

RISR

1.04%

Winner

MNA

0.77%

Max Drawdown

Winner

RISR

14.88%

MNA

16.68%

Sharpe Ratio

Winner

RISR

0.16

MNA

0.10

5Y Beta

Winner

RISR

-0.01

MNA

0.10

P/E Ratio

RISR

N/A

MNA

78.03

Forward P/E

RISR

N/A

MNA

13.45

Debt to Equity

RISR

N/A

MNA

100.32%

RISR vs MNA - Historical Returns

Returns include dividend reinvestment.

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

RISR

-0.38%

Winner

MNA

+0.44%

Winner

RISR

+1.81%

MNA

+1.09%

Winner

RISR

+3.35%

MNA

+1.52%

Winner

RISR

+4.61%

MNA

+3.99%

5Y(CAGR)

Winner

RISR

+14.51%

MNA

+1.91%

10Y(CAGR)

RISR

N/A

MNA

+2.81%

Max(CAGR)

Winner

RISR

+14.51%

MNA

+2.68%

RISR vs MNA - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	RISR	MNA
2026	+3.64%	+1.67%
2025	+4.15%	+8.19%
2024	+23.40%	+4.83%
2023	+7.62%	+0.21%
2022	+32.75%	-1.49%
2021	+0.02%	-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%

RISR vs MNA Drawdown Comparison

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

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

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

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

Correlation

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

0.79

-101

Dividend Comparison (2009 - 2026)

RISR vs MNA dividend yield comparison.

Year	RISR	MNA
2026	2.48%	0.00%
2025	5.95%	0.00%
2024	5.67%	0.00%
2023	7.96%	1.20%
2022	4.26%	0.00%
2021	0.30%	0.00%
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%