EVNTvsMNAETF Comparison
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AltShares Event-Driven ETF (EVNT) belongs to the Alternatives segment. NYLI Merger Arbitrage ETF (MNA) is part of the Uncategorized Equities segment. EVNT's top 3 sector exposures are Healthcare, Technology and Consumer Services. In contrast, MNA's top sector exposures are Finance, Utilities and Technology. EVNT is more expensive with a Total Expense Ratio (TER) of 1.33%, versus 0.78% for MNA. EVNT is up 6.33% year-to-date (YTD) with +$3M in YTD flows. MNA performs worse with 2.09% YTD performance, and -$13M in YTD flows. Run a side-by-side ETF comparison of EVNT and MNA below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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EVNT vs MNA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/03/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EVNT MNA | -0.08%+0.43% | +3.46%+0.79% | +6.33%+2.09% | +9.35%+2.65% | +33.32%+17.85% | n/a+12.03% |
| Flows | EVNT MNA | -$4K+$4M | +$491K+$4M | +$3M-$13M | +$6M-$5M | +$9M-$244M | --$486M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EVNT MNA | +4.51%+2.95% | +4.38%+3.08% | +6.29%+3.28% | n/a+3.85% |
| Max drawdown | EVNT MNA | -1.14%-0.86% | -1.77%-1.38% | -5.41%-2.71% | n/a-8.69% |
| Max drawdown duration | EVNT MNA | 29d9d | 19d118d | 196d57d | n/a1087d |
Trading data
EVNT | MNA | |
Last sale 9/2/2026 at 5:28 PM | $12.27 | $36.67 |
| Previous close 09/03/2026 | $12.24 | $36.69 |
| Consolidated volume 09/03/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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EVNT
is actively managed and doesn’t replicate an indexEVNT | MNA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/2/2026 at 5:28 PM
Live
Closed
EVNT | MNA | |
|---|---|---|
| Last price | $12.27 | $36.67 |
| 1D performance | +0.20% | -0.05% |
| AuM | $13.11 M | $256.50 M |
| E/R | 1.33% | 0.78% |
Characteristics
EVNT | MNA | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | AltShares | New York Life Investments |
| Benchmark | - | NYLI Merger Arbitrage Index |
| N° of holdings | 60 | 116 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 20, 2021 | November 17, 2009 |
| ESG | No | No |
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Exposure
Countries
EVNT
USA
87.26%
Other
12.74%
MNA
USA
73.04%
Canada
13.25%
Other
13.72%
Sectors
EVNT
Healthcare
21.99%
Technology
15.03%
Consumer Services
14.48%
Finance
9.66%
Industrials
9.62%
Other
29.21%
MNA
Finance
15.3%
Utilities
11.67%
Technology
11.33%
Consumer Services
9.24%
Non-Corporate
9.19%
Industrials
8.82%
Other
34.45%
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Diversification
EVNT
Total weight of top 15 holdings out of 15
48.4%
MNA
Total weight of top 15 holdings out of 15
55.14%
Top 15 holdings
Data as of July 31, 2026
EVNT
Warner Bros. Discovery, Inc.
5.03%
LiveRamp Holdings, Inc.
4.52%
Norfolk Southern Corp.
4.43%
DigitalBridge Group, Inc.
4.42%
TXNM Energy, Inc.
4.12%
Electronic Arts, Inc.
3.83%
Caesars Entertainment, Inc.
3.60%
Bio-Techne Corp.
2.87%
Penumbra, Inc.
2.53%
Arcosa, Inc.
2.31%
AstroNova, Inc.
2.30%
Element Solutions, Inc.
2.24%
Organon & Co.
2.15%
UTZ Brands, Inc.
2.05%
Forte Biosciences, Inc.
1.99%
MNA
Dreyfus Institutional Preferred Government Money Market Fund
9.18%
Teck Resources Limited
5.07%
Norfolk Southern Corp.
4.30%
Electronic Arts, Inc.
3.92%
Dominion Energy, Inc.
3.51%
NorthWestern Energy Group, Inc.
3.47%
Warner Bros. Discovery, Inc.
3.10%
Caesars Entertainment, Inc.
3.09%
ARC Resources Ltd.
3.07%
The AES Corp.
3.02%
Kenvue, Inc.
3.01%
Equitable Holdings, Inc.
2.74%
Organon & Co.
2.68%
Globalstar, Inc.
2.53%
Qorvo, Inc.
2.45%
Frequently asked questions about EVNT and MNA
How have the EVNT and MNA ETFs performed in 2026?
As of September 3, 2026, EVNT is up 6.33% year-to-date (YTD), while MNA has returned 2.09%. That puts EVNT better performer ahead so far this year.
Which ETF is attracting more investor money: EVNT or MNA?
Year-to-date, the EVNT ETF saw +$3M in flows, compared to -$13M for MNA.
Which ETF is more volatile: EVNT or MNA?
Over the past year, EVNT had a volatility of 4.38%, while MNA experienced 3.08%.
Which ETF is bigger: EVNT or MNA?
As of September 3, 2026, EVNT holds $13.11 M in assets under management (AUM), while MNA manages $256.50 M.
What sectors do the EVNT and MNA ETFs invest in?
EVNT leans toward sectors like Healthcare, Technology and Consumer Services. Meanwhile, MNA focuses on Finance, Utilities and Technology.
What are the top holdings of the EVNT ETF and MNA ETF?
EVNT top holdings include Warner Bros. Discovery, Inc., LiveRamp Holdings, Inc. and Norfolk Southern Corp.. MNA holds in its top three: Dreyfus Institutional Preferred Government Money Market Fund, Teck Resources Limited and Norfolk Southern Corp..
Which ETF is more diversified: EVNT or MNA?
EVNT holds 60 securities with 48.4% of its assets in the top 15. MNA has 116 securities and a top 15 weight of 55.14%.
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Latest news about EVNT & MNA
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