MNAvsEVNTETF Comparison
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NYLI Merger Arbitrage ETF (MNA) belongs to the Uncategorized Equities segment. AltShares Event-Driven ETF (EVNT) is part of the Alternatives segment. MNA's top 3 sector exposures are Finance, Industrials and Utilities. In contrast, EVNT's top sector exposures are Healthcare, Finance and Industrials. MNA is less expensive with a Total Expense Ratio (TER) of 0.77%, versus 1.33% for EVNT. MNA is up 1.66% year-to-date (YTD) with -$16M in YTD flows. EVNT performs better with 5.9% YTD performance, and +$3M in YTD flows. Run a side-by-side ETF comparison of MNA and EVNT 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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MNA vs EVNT performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MNA EVNT | +0.23%+0.33% | +0.19%+2.78% | +1.66%+5.90% | +3.29%+10.03% | +18.31%+33.32% | +11.33%n/a |
| Flows | MNA EVNT | +$9K+$482K | +$2M+$484K | -$16M+$3M | -$2M+$7M | -$262M+$9M | -$485M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MNA EVNT | +2.99%+4.32% | +2.94%+4.57% | +3.33%+6.30% | +3.87%n/a |
| Max drawdown | MNA EVNT | -0.83%-1.17% | -1.38%-1.77% | -2.89%-5.41% | -9.24%n/a |
| Max drawdown duration | MNA EVNT | 44d33d | 118d19d | 119d196d | 1141dn/a |
Trading data
MNA | EVNT | |
Last sale 7/28/2026 at 1:30 PM | $36.58 | $12.24 |
| Previous close 07/27/2026 | $36.49 | $12.20 |
| Consolidated volume 07/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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EVNT
is actively managed and doesn’t replicate an indexMNA | EVNT | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/28/2026 at 1:30 PM
Live
Closed
MNA | EVNT | |
|---|---|---|
| Last price | $36.58 | $12.24 |
| 1D performance | +0.25% | +0.31% |
| AuM | $251.78 M | $13.05 M |
| E/R | 0.77% | 1.33% |
Characteristics
MNA | EVNT | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | New York Life Investments | AltShares |
| Benchmark | NYLI Merger Arbitrage Index | - |
| N° of holdings | 50 | 51 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 17, 2009 | September 20, 2021 |
| ESG | No | No |
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Exposure
Countries
MNA
USA
66.65%
Canada
15.63%
Other
17.72%
EVNT
USA
83.29%
United Kingdom
7.4%
Other
9.31%
Sectors
MNA
Finance
15.19%
Industrials
12.5%
Utilities
11.95%
Technology
10.92%
Non-Energy Materi.
8.45%
Consumer Services
8.33%
Other
32.67%
EVNT
Healthcare
19.2%
Finance
14.94%
Industrials
12.2%
Consumer Services
10.78%
Technology
10.21%
Other
32.66%
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Diversification
MNA
Total weight of top 15 holdings out of 15
49.7%
EVNT
Total weight of top 15 holdings out of 15
53.3%
Top 15 holdings
Data as of June 30, 2026
MNA
Teck Resources Limited
5.09%
Norfolk Southern Corp.
4.11%
Electronic Arts, Inc.
3.90%
NorthWestern Energy Group, Inc.
3.68%
Chart Industries, Inc.
3.54%
Dominion Energy, Inc.
3.53%
Warner Bros. Discovery, Inc.
3.21%
Caesars Entertainment, Inc.
3.19%
The AES Corp.
3.07%
Kenvue, Inc.
3.05%
ARC Resources Ltd.
2.75%
Organon & Co.
2.73%
Taylor Morrison Home Corp.
2.72%
Qorvo, Inc.
2.57%
Equitable Holdings, Inc.
2.57%
EVNT
Electronic Arts, Inc.
4.70%
Janus Henderson Group Plc
4.57%
LiveRamp Holdings, Inc.
4.51%
DigitalBridge Group, Inc.
4.41%
Chart Industries, Inc.
4.25%
Norfolk Southern Corp.
4.18%
Warner Bros. Discovery, Inc.
3.98%
Taylor Morrison Home Corp.
3.92%
Caesars Entertainment, Inc.
3.67%
TXNM Energy, Inc.
3.35%
Penumbra, Inc.
2.49%
Catalyst Pharmaceuticals, Inc.
2.48%
Arcosa, Inc.
2.32%
Bio-Techne Corp.
2.30%
Bayer AG
2.19%
Frequently asked questions about MNA and EVNT
How have the MNA and EVNT ETFs performed in 2026?
As of July 27, 2026, MNA is up 1.66% year-to-date (YTD), while EVNT has returned 5.9%. That puts EVNT better performer ahead so far this year.
Which ETF is attracting more investor money: MNA or EVNT?
Year-to-date, the MNA ETF saw -$16M in flows, compared to +$3M for EVNT.
Which ETF is more volatile: MNA or EVNT?
Over the past year, MNA had a volatility of 2.94%, while EVNT experienced 4.57%.
Which ETF is bigger: MNA or EVNT?
As of July 27, 2026, MNA holds $251.78 M in assets under management (AUM), while EVNT manages $13.05 M.
What sectors do the MNA and EVNT ETFs invest in?
MNA leans toward sectors like Finance, Industrials and Utilities. Meanwhile, EVNT focuses on Healthcare, Finance and Industrials.
What are the top holdings of the MNA ETF and EVNT ETF?
MNA top holdings include Teck Resources Limited, Norfolk Southern Corp. and Electronic Arts, Inc.. EVNT holds in its top three: Electronic Arts, Inc., Janus Henderson Group Plc and LiveRamp Holdings, Inc..
Which ETF is more diversified: MNA or EVNT?
MNA holds 50 securities with 49.7% of its assets in the top 15. EVNT has 52 securities and a top 15 weight of 53.3%.
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Latest news about MNA & EVNT
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