TZA vs MNA
Comparison between DIREXION DAILY SMALL CAP BEAR 3X SHARES (TZA, ETF) and NYLI MERGER ARBITRAGE ETF (MNA, ETF).
5-Year PerformanceMNA has outperformed TZA, delivering a return of +1.9% compared to -30.7%
TZA vs MNA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
TZA vs MNA - Holdings Comparison
TZA and MNA have 0 common holdings. Overlap is 0.00%
TZA's top 25 holdings weight is 40.95%. MNA's top 25 holdings weight is 78.13%.
| Rank | TZA | MNA |
|---|---|---|
| #1 | GOLDMAN SACHS FS TREASURY INTMS INSTL (FTIXX) - 40.95% | DREY INST PREF GOV MM INST 6546 (n/a) - 7.16% |
| #2 | N/A | TECK RESOURCES LTD CLASS B (SUB VOTING) (n/a) - 5.34% |
| #3 | N/A | NORFOLK SOUTHERN CORP (NSC) - 4.08% |
| #4 | N/A | ELECTRONIC ARTS INC (EA) - 3.81% |
| #5 | N/A | REC BKH US SMS (n/a) - 3.77% |
| #6 | N/A | NORTHWESTERN ENERGY GROUP INC (NWE) - 3.68% |
| #7 | N/A | CHART INDUSTRIES INC (GTLS) - 3.51% |
| #8 | N/A | TXNM ENERGY INC (TXNM) - 3.51% |
| #9 | N/A | REC UNP US SMS (n/a) - 3.50% |
| #10 | N/A | n/a (WBD) - 3.23% |
| #11 | N/A | THE AES CORP (AES) - 3.06% |
| #12 | N/A | ARC RESOURCES LTD (n/a) - 2.96% |
| #13 | N/A | QORVO INC (QRVO) - 2.92% |
| #14 | N/A | KENVUE INC (KVUE) - 2.78% |
| #15 | N/A | ORGANON & CO ORDINARY SHARES (OGN) - 2.69% |
| #16 | N/A | GLOBALSTAR INC (GSAT) - 2.56% |
| #17 | N/A | EQUITABLE HOLDINGS INC (EQH) - 2.50% |
| #18 | N/A | PAY KMB US SMS (n/a) - 2.29% |
| #19 | N/A | AXALTA COATING SYSTEMS LTD (AXTA) - 2.24% |
| #20 | N/A | PENUMBRA INC (PEN) - 2.17% |
| #21 | N/A | SCHRODERS PLC (n/a) - 2.17% |
| #22 | N/A | WEBSTER FINANCIAL CORP (WBS) - 2.07% |
| #23 | N/A | PAY AKZA US SMS (n/a) - 2.07% |
| #24 | N/A | FIRST CAPITAL REIT (n/a) - 2.04% |
| #25 | N/A | KENNEDY-WILSON HOLDINGS INC (KW) - 2.02% |
| Total Holdings | 1 | 98 |
TZA vs MNA - Historical Returns
Returns include dividend reinvestment.
TZA vs MNA - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | TZA | MNA |
|---|---|---|
| 2026 | -43.75% | +1.67% |
| 2025 | -40.14% | +8.19% |
| 2024 | -33.52% | +4.83% |
| 2023 | -42.13% | +0.21% |
| 2022 | +35.32% | -1.49% |
| 2021 | -52.86% | -3.36% |
| 2020 | -80.41% | +2.65% |
| 2019 | -52.45% | +5.10% |
| 2018 | +28.74% | +1.70% |
| 2017 | -37.30% | +5.72% |
| 2016 | -58.67% | +4.30% |
| 2015 | -7.71% | +1.45% |
| 2014 | -31.55% | +5.68% |
| 2013 | -65.56% | +7.13% |
| 2012 | -46.46% | +1.16% |
| 2011 | -40.32% | -0.69% |
| 2010 | -65.58% | -2.62% |
| 2009 | -78.57% | +0.96% |
| 2008 | -59.11% | N/A |
TZA vs MNA Drawdown Comparison
The maximum drawdown for TZA was -100.00%, occurring on Jun 15, 2026. This drawdown has not yet recovered.
The maximum drawdown for MNA was -16.68%, occurring on Mar 18, 2020. Recovery took 172 trading sessions.
The current TZA drawdown is -100.00%. The current MNA drawdown is -0.44%.
| Rank | TZA | MNA |
|---|---|---|
| #1 | -100.00% Nov 20, 2008 - Jun 15, 2026 | -16.68% Jan 24, 2020 - Sep 29, 2020 |
| #2 | N/A | -11.94% Apr 23, 2010 - Jul 18, 2013 |
| #3 | N/A | -10.74% Apr 26, 2021 - Jan 15, 2025 |
| #4 | N/A | -5.78% May 28, 2015 - Mar 3, 2016 |
| #5 | N/A | -4.83% Jan 24, 2018 - Oct 16, 2018 |
| #6 | N/A | -3.98% Jan 8, 2021 - Apr 21, 2021 |
| #7 | N/A | -3.90% Jul 23, 2014 - Nov 26, 2014 |
| #8 | N/A | -3.04% Aug 8, 2013 - Sep 18, 2013 |
| #9 | N/A | -3.00% Jan 31, 2019 - Oct 22, 2019 |
| #10 | N/A | -2.85% May 25, 2016 - Sep 2, 2016 |
| #11 | N/A | -2.50% Nov 7, 2018 - Jan 15, 2019 |
| #12 | N/A | -2.44% Mar 20, 2014 - Jun 17, 2014 |
| #13 | N/A | -2.33% Nov 6, 2020 - Jan 8, 2021 |
| #14 | N/A | -2.28% Mar 4, 2016 - May 25, 2016 |
| #15 | N/A | -2.26% Sep 30, 2016 - Nov 23, 2016 |
Correlation
Correlation between TZA and MNA is -0.53 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.
Dividend Comparison (2009 - 2026)
TZA vs MNA dividend yield comparison.
| Year | TZA | MNA |
|---|---|---|
| 2026 | 1.72% | 0.00% |
| 2025 | 5.08% | 0.00% |
| 2024 | 5.40% | 0.00% |
| 2023 | 5.49% | 1.20% |
| 2020 | 1.21% | 2.30% |
| 2019 | 1.56% | 0.00% |
| 2018 | 0.63% | 0.00% |
| 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% |
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