MNAvsFDLSETF Comparison
VS
NYLI Merger Arbitrage ETF (MNA) belongs to the Uncategorized Equities segment. Inspire Fidelis Multi Factor ETF (FDLS) is part of the US Multi-Factor segment. MNA's top 3 sector exposures are Finance, Healthcare and Technology. In contrast, FDLS's top sector exposures are Technology, Finance and Healthcare. MNA is more expensive with a Total Expense Ratio (TER) of 0.78%, versus 0.66% for FDLS. MNA is up 2.91% year-to-date (YTD) with -$11M in YTD flows. FDLS performs better with 16.14% YTD performance, and +$107M in YTD flows. Run a side-by-side ETF comparison of MNA and FDLS below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
MNA vs FDLS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MNA FDLS | +0.48%+0.22% | +1.15%-2.05% | +2.91%+16.14% | +3.30%+20.47% | +18.85%+82.28% | +13.55%n/a |
| Flows | MNA FDLS | -$5M+$10M | +$6M+$31M | -$11M+$107M | -$2M+$121M | -$236M+$142M | -$475M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MNA FDLS | +2.66%+12.32% | +2.88%+15.98% | +3.23%+18.13% | +3.83%n/a |
| Max drawdown | MNA FDLS | -0.86%-6.56% | -0.90%-9.10% | -2.71%-23.13% | -8.19%n/a |
| Max drawdown duration | MNA FDLS | 24d74d | 8d46d | 112d219d | 1019dn/a |
Trading data
MNA | FDLS | |
Last sale 10/30/2026 at 1:30 PM | $36.86 | $41.22 |
| Previous close 10/29/2026 | $37.00 | $42.01 |
| Consolidated volume 10/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
MNA | FDLS | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 10/30/2026 at 1:30 PM
Live
Closed
MNA | FDLS | |
|---|---|---|
| Last price | $36.86 | $41.22 |
| 1D performance | -0.38% | -1.88% |
| AuM | $260.41 M | $254.60 M |
| E/R | 0.78% | 0.66% |
Characteristics
MNA | FDLS | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | New York Life Investments | Inspire ETFs |
| Benchmark | NYLI Merger Arbitrage Index | WI Fidelis Multi-Cap, Multi-Factor Index |
| N° of holdings | 52 | 101 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 17, 2009 | August 23, 2022 |
| ESG | No | No |
Advertisement
Exposure
Countries
MNA
USA
76.96%
United Kingdom
11.71%
Other
11.33%
FDLS
USA
86.09%
Other
13.91%
Sectors
MNA
Finance
17.88%
Healthcare
13.53%
Technology
11.31%
Industrials
10.03%
Business Services
9.64%
Non-Energy Materi.
9.29%
Other
28.32%
FDLS
Technology
20.22%
Finance
18.6%
Healthcare
14.9%
Industrials
13.25%
Energy
10.49%
Other
22.54%
Advertisement
Diversification
MNA
Total weight of top 15 holdings out of 15
50.18%
FDLS
Total weight of top 15 holdings out of 15
16.73%
Top 15 holdings
Data as of September 30, 2026
MNA
Dominion Energy, Inc.
3.89%
Kenvue, Inc.
3.75%
Caesars Entertainment, Inc.
3.65%
Roku, Inc.
3.61%
Bio-Techne Corp.
3.44%
Organon & Co.
3.40%
InPost SA
3.37%
Equitable Holdings, Inc.
3.33%
Globalstar, Inc.
3.33%
Synaptics, Inc.
3.27%
Arcosa, Inc.
3.17%
Clear Channel Outdoor Holdings, Inc.
3.17%
Lantheus Holdings, Inc.
3.01%
Silicon Laboratories, Inc.
2.93%
First Capital Real Estate Investment Trust
2.86%
FDLS
Viavi Solutions, Inc.
1.23%
Sandisk Corp.
1.18%
Teradyne, Inc.
1.17%
Entegris, Inc.
1.17%
MKS, Inc.
1.13%
Sanmina Corp.
1.13%
Microchip Technology, Inc.
1.12%
Flexsteel Industries, Inc.
1.08%
Victory Capital Holdings, Inc.
1.08%
Arrow Electronics, Inc.
1.08%
MYR Group, Inc.
1.08%
nVent Electric Plc
1.07%
KE Holdings, Inc.
1.07%
EnerSys
1.07%
Centuri Holdings, Inc.
1.07%
Frequently asked questions about MNA and FDLS
How have the MNA and FDLS ETFs performed in 2026?
As of October 30, 2026, MNA is up 2.91% year-to-date (YTD), while FDLS has returned 16.14%. That puts FDLS better performer ahead so far this year.
Which ETF is attracting more investor money: MNA or FDLS?
Year-to-date, the MNA ETF saw -$11M in flows, compared to +$107M for FDLS.
Which ETF is more volatile: MNA or FDLS?
Over the past year, MNA had a volatility of 2.88%, while FDLS experienced 15.98%.
Which ETF is bigger: MNA or FDLS?
As of October 30, 2026, MNA holds $260.41 M in assets under management (AUM), while FDLS manages $254.60 M.
What sectors do the MNA and FDLS ETFs invest in?
MNA leans toward sectors like Finance, Healthcare and Technology. Meanwhile, FDLS focuses on Technology, Finance and Healthcare.
What are the top holdings of the MNA ETF and FDLS ETF?
MNA top holdings include Dominion Energy, Inc., Kenvue, Inc. and Caesars Entertainment, Inc.. FDLS holds in its top three: Viavi Solutions, Inc., Sandisk Corp. and Teradyne, Inc..
Which ETF is more diversified: MNA or FDLS?
MNA holds 52 securities with 50.18% of its assets in the top 15. FDLS has 101 securities and a top 15 weight of 16.73%.
Advertisement
Latest news about MNA & FDLS
There's an ETF for That? Investing in IPOs, Mergers, and Spin-Offs
April 10, 2024
MNA
A short primer to Hedge Fund ETFs
July 8, 2022
MNA
Advertisement
Advertisement
