MNAvsWCEOETF Comparison
VS
ETF 2
WCEO
Hypatia Women CEO ETF
NYLI Merger Arbitrage ETF (MNA) belongs to the Uncategorized Equities segment. Hypatia Women CEO ETF (WCEO) is part of the segment. MNA's top 3 sector exposures are Finance, Industrials and Utilities. In contrast, WCEO's top sector exposures are Finance, Technology and Healthcare. MNA is less expensive with a Total Expense Ratio (TER) of 0.77%, versus 0.85% for WCEO. MNA is up 1.66% year-to-date (YTD) with -$16M in YTD flows. WCEO performs better with 16.66% YTD performance, and +$2M in YTD flows. Run a side-by-side ETF comparison of MNA and WCEO 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 WCEO 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 WCEO | +0.23%+0.31% | +0.19%+7.22% | +1.66%+16.66% | +3.29%+23.87% | +18.31%+46.27% | +11.33%n/a |
| Flows | MNA WCEO | +$9K+$381K | +$2M+$731K | -$16M+$2M | -$2M+$3M | -$262M+$5M | -$485M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MNA WCEO | +2.99%+11.72% | +2.94%+14.77% | +3.33%+17.79% | +3.87%n/a |
| Max drawdown | MNA WCEO | -0.83%-3.33% | -1.38%-7.08% | -2.89%-25.76% | -9.24%n/a |
| Max drawdown duration | MNA WCEO | 44d16d | 118d47d | 119d282d | 1141dn/a |
Trading data
MNA | WCEO | |
Last sale 7/28/2026 at 1:30 PM | $36.58 | $38.91 |
| Previous close 07/27/2026 | $36.49 | $38.44 |
| 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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WCEO
is actively managed and doesn’t replicate an indexMNA | WCEO | |
|---|---|---|
| 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 | WCEO | |
|---|---|---|
| Last price | $36.58 | $38.91 |
| 1D performance | +0.25% | +1.24% |
| AuM | $251.78 M | $9.99 M |
| E/R | 0.77% | 0.85% |
Characteristics
MNA | WCEO | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | New York Life Investments | Hypatia |
| Benchmark | NYLI Merger Arbitrage Index | - |
| N° of holdings | 50 | 161 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 17, 2009 | January 9, 2023 |
| ESG | No | Yes |
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Exposure
Countries
MNA
USA
66.65%
Canada
15.63%
Other
17.72%
WCEO
USA
96.35%
Other
3.65%
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%
WCEO
Finance
23.48%
Technology
16.82%
Healthcare
11.63%
Industrials
10.18%
Consumer Cyclical.
7.63%
Consumer Non-Cycl.
7.1%
Other
23.16%
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Diversification
MNA
Total weight of top 15 holdings out of 15
49.7%
WCEO
Total weight of top 15 holdings out of 15
19.9%
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%
WCEO
Solaris Energy Infrastructure, Inc.
1.65%
Life360, Inc.
1.57%
Marathon Petroleum Corp.
1.55%
CDW Corp.
1.49%
Advanced Micro Devices, Inc.
1.47%
Kinder Morgan, Inc.
1.44%
Flex Ltd.
1.40%
International Seaways, Inc.
1.36%
Power Integrations, Inc.
1.35%
Arista Networks, Inc.
1.30%
Workiva, Inc.
1.10%
BellRing Brands, Inc.
1.09%
Clearfield, Inc.
1.06%
HubSpot, Inc.
1.04%
Clear Secure, Inc.
1.03%
Frequently asked questions about MNA and WCEO
How have the MNA and WCEO ETFs performed in 2026?
As of July 27, 2026, MNA is up 1.66% year-to-date (YTD), while WCEO has returned 16.66%. That puts WCEO better performer ahead so far this year.
Which ETF is attracting more investor money: MNA or WCEO?
Year-to-date, the MNA ETF saw -$16M in flows, compared to +$2M for WCEO.
Which ETF is more volatile: MNA or WCEO?
Over the past year, MNA had a volatility of 2.94%, while WCEO experienced 14.77%.
Which ETF is bigger: MNA or WCEO?
As of July 27, 2026, MNA holds $251.78 M in assets under management (AUM), while WCEO manages $9.99 M.
What sectors do the MNA and WCEO ETFs invest in?
MNA leans toward sectors like Finance, Industrials and Utilities. Meanwhile, WCEO focuses on Finance, Technology and Healthcare.
What are the top holdings of the MNA ETF and WCEO ETF?
MNA top holdings include Teck Resources Limited, Norfolk Southern Corp. and Electronic Arts, Inc.. WCEO holds in its top three: Solaris Energy Infrastructure, Inc., Life360, Inc. and Marathon Petroleum Corp..
Which ETF is more diversified: MNA or WCEO?
MNA holds 50 securities with 49.7% of its assets in the top 15. WCEO has 162 securities and a top 15 weight of 19.9%.
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Latest news about MNA & WCEO
There's an ETF for That? Investing in IPOs, Mergers, and Spin-Offs
April 10, 2024
MNA
Hypatia Women CEO ETF (NYSE Arca: WCEO)
January 25, 2023
WCEO
A short primer to Hedge Fund ETFs
July 8, 2022
MNA
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