MNA vs SPAQ
NYLIM Merger Arbitrage ETF against Horizon Kinetics SPAC Active ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
0%
0 shared positions
Fee gap
8 bp
MNA is cheaper
1-year return gap
14.0 pts
MNA is ahead
Larger fund
MNA
$265M
Side by side
| MNA | SPAQ | |
|---|---|---|
| Fund | NYLIM Merger Arbitrage ETF | Horizon Kinetics SPAC Active ETF |
| Issuer | New York Life | Horizon Kinetics |
| Category | Merger Arbitrage & Event | Merger Arbitrage & Event |
| Expense ratio | 0.77% | 0.85% |
| Assets | $265M | $10.0M |
| Average daily dollar volume | $2.0M | $17K |
| Listed | Nov 17, 2009 | Jan 27, 2023 |
| FrenzyCap score | 59 | 32 |
| 1-month return | +0.1% | −0.9% |
| 3-month return | +0.8% | −0.3% |
| Year to date | +2.8% | +2.5% |
| 1-year return | +2.7% | −11.3% |
| 30-day volatility | 4.0% | 2.2% |
| Worst drawdown, 1 year | −1.4% | −17.1% |
| Trailing 12-month yield | — | 16.29% |
| Holdings | 75 | 60 |
| Top 10 weight | 35.2% | 42.4% |
| Look-through P/E | 29.9 | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$1.8M thru Jul 2026 | $0 thru Jun 2026 |
| 30-day implied volatility | 33.1% | — |
| Holdings as of | as of Apr 30, 2026SEC filing | as of Jun 30, 2026SEC filing |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
0% of MNA · 0% of SPAQNo holdings in common.
Sector mix of the stock holdings
| Sector | MNA | SPAQ | Gap |
|---|---|---|---|
| Utilities | 12.8% | 0.0% | +12.8% |
| Industrials | 10.9% | 0.0% | +10.9% |
| Health Care | 10.0% | 0.0% | +10.0% |
| Technology | 9.6% | 0.0% | +9.6% |
| Financials | 6.7% | 0.0% | +6.7% |
| Materials | 6.7% | 0.0% | +6.7% |
| Communication Services | 4.9% | 0.0% | +4.9% |
| Consumer Staples | 3.9% | 0.0% | +3.9% |
| Real Estate | 3.6% | 0.0% | +3.6% |
| Consumer Discretionary | 2.2% | 0.0% | +2.2% |
More: full overlap table · MNA holdings · SPAQ holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.