SIO vs MNA

Comparison between TOUCHSTONE STRATEGIC INCOME ETF (SIO, ETF) and NYLI MERGER ARBITRAGE ETF (MNA, ETF).

SIO vs MNA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SIO(ETF)	MNA(ETF)
Net Assets	$249M	$249M
Expense Ratio	0.50%	0.77%
Max Drawdown	8.43%	16.68%
Sharpe Ratio	0.59	0.13
5Y Beta	0.06	0.10
P/E Ratio	N/A	75.68
Forward P/E	N/A	13.48
Debt to Equity	N/A	100.38%
P/S Ratio	N/A	1.75
P/B Ratio	N/A	2.77

Net Assets

SIO

$249M

Winner

MNA

$249M

Expense Ratio

Winner

SIO

0.50%

MNA

0.77%

Max Drawdown

Winner

SIO

8.43%

MNA

16.68%

Sharpe Ratio

Winner

SIO

0.59

MNA

0.13

5Y Beta

Winner

SIO

0.06

MNA

0.10

P/E Ratio

SIO

N/A

MNA

75.68

Forward P/E

SIO

N/A

MNA

13.48

Debt to Equity

SIO

N/A

MNA

100.38%

P/S Ratio

SIO

N/A

MNA

1.75

P/B Ratio

SIO

N/A

MNA

2.77

SIO vs MNA - Historical Returns

Returns include dividend reinvestment.

Period	SIO	MNA
1 month	+0.40%	+0.04%
3 months	-0.41%	+0.72%
6 months	+1.33%	+1.70%
1 year	+6.34%	+4.23%
5 years(CAGR)	N/A	+1.86%
10 years(CAGR)	N/A	+2.75%
Max(CAGR)	+6.56%	+2.68%

Winner

SIO

+0.40%

MNA

+0.04%

SIO

-0.41%

Winner

MNA

+0.72%

SIO

+1.33%

Winner

MNA

+1.70%

Winner

SIO

+6.34%

MNA

+4.23%

5Y(CAGR)

SIO

N/A

MNA

+1.86%

10Y(CAGR)

SIO

N/A

MNA

+2.75%

Max(CAGR)

Winner

SIO

+6.56%

MNA

+2.68%

SIO vs MNA - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	SIO	MNA
2026	+0.91%	+1.64%
2025	+9.20%	+8.19%
2024	+6.44%	+4.83%
2023	+8.06%	+0.21%
2022	+0.71%	-1.49%
2021	N/A	-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%

SIO vs MNA Drawdown Comparison

The maximum drawdown for SIO was -6.95%, occurring on Oct 20, 2022. Recovery took 101 trading sessions.

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

The current SIO drawdown is -1.06%. The current MNA drawdown is -0.46%.

Rank	SIO	MNA
#1	-6.95% Aug 12, 2022 - Jan 6, 2023	-16.68% Jan 24, 2020 - Sep 29, 2020
#2	-4.86% Feb 2, 2023 - Nov 29, 2023	-11.94% Apr 23, 2010 - Jul 18, 2013
#3	-3.18% Sep 20, 2024 - Feb 26, 2025	-10.74% Apr 26, 2021 - Jan 15, 2025
#4	-2.62% Feb 27, 2026 - Mar 27, 2026	-5.78% May 28, 2015 - Mar 3, 2016
#5	-2.38% Mar 28, 2024 - May 15, 2024	-4.83% Jan 24, 2018 - Oct 16, 2018
#6	-2.26% Apr 3, 2025 - Apr 29, 2025	-3.98% Jan 8, 2021 - Apr 21, 2021
#7	-1.46% Feb 1, 2024 - Mar 6, 2024	-3.90% Jul 23, 2014 - Nov 26, 2014
#8	-1.30% Oct 27, 2025 - Dec 26, 2025	-3.04% Aug 8, 2013 - Sep 18, 2013
#9	-1.19% May 16, 2024 - Jun 4, 2024	-3.00% Jan 31, 2019 - Oct 22, 2019
#10	-1.06% Dec 26, 2025 - Feb 10, 2026	-2.85% May 25, 2016 - Sep 2, 2016
#11	-1.04% Jun 30, 2025 - Jul 28, 2025	-2.50% Nov 7, 2018 - Jan 15, 2019
#12	-1.03% Dec 27, 2023 - Jan 12, 2024	-2.44% Mar 20, 2014 - Jun 17, 2014
#13	-1.00% Apr 30, 2025 - May 30, 2025	-2.33% Nov 6, 2020 - Jan 8, 2021
#14	-0.95% Mar 8, 2024 - Mar 27, 2024	-2.28% Mar 4, 2016 - May 25, 2016
#15	-0.81% Mar 3, 2025 - Apr 1, 2025	-2.26% Sep 30, 2016 - Nov 23, 2016

Correlation

Correlation between SIO and MNA is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.

0.93

-101

Dividend Comparison (2009 - 2026)

SIO vs MNA dividend yield comparison.

Year	SIO	MNA
2026	2.01%	0.00%
2025	6.80%	0.00%
2024	5.30%	0.00%
2023	5.37%	1.20%
2022	3.12%	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%