MNA vs XMLV
NYLIM Merger Arbitrage ETF against Invesco S&P MidCap Low Volatility ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
6%
3 shared positions
Fee gap
52 bp
XMLV is cheaper
1-year return gap
2.3 pts
MNA is ahead
Larger fund
XMLV
$692M
Side by side
| MNA | XMLV | |
|---|---|---|
| Fund | NYLIM Merger Arbitrage ETF | Invesco S&P MidCap Low Volatility ETF |
| Issuer | New York Life | Invesco |
| Category | Merger Arbitrage & Event | Low Volatility |
| Expense ratio | 0.77% | 0.25% |
| Assets | $265M | $692M |
| Average daily dollar volume | $2.0M | $1.3M |
| Listed | Nov 17, 2009 | Feb 15, 2013 |
| FrenzyCap score | 59 | 66 |
| 1-month return | +0.1% | −4.9% |
| 3-month return | +0.8% | −6.0% |
| Year to date | +2.8% | +1.7% |
| 1-year return | +2.7% | +0.4% |
| 30-day volatility | 4.0% | 8.2% |
| Worst drawdown, 1 year | −1.4% | −9.9% |
| Trailing 12-month yield | — | 3.15% |
| Holdings | 75 | 83 |
| Top 10 weight | 35.2% | 18.9% |
| Look-through P/E | 29.9 | 15.2 |
| Holdings vs fair value | — | +13.9% |
| Holdings above 200-day average | — | 35% |
| Net flow, latest 3 reported months | +$1.8M thru Jul 2026 | −$18M thru May 2026 |
| 30-day implied volatility | 33.1% | 23.9% |
| Holdings as of | as of Apr 30, 2026SEC filing | as of Oct 8, 2026issuer data |
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
10% of MNA · 8% of XMLV
Sector mix of the stock holdings
| Sector | MNA | XMLV | Gap |
|---|---|---|---|
| Financials | 6.7% | 31.1% | −24.4% |
| Utilities | 12.8% | 24.7% | −11.9% |
| Real Estate | 3.6% | 29.2% | −25.6% |
| Industrials | 10.9% | 6.5% | +4.3% |
| Health Care | 10.0% | 2.0% | +8.0% |
| Technology | 9.6% | 0.0% | +9.6% |
| Materials | 6.7% | 0.0% | +6.7% |
| Consumer Discretionary | 2.2% | 3.9% | −1.8% |
| Consumer Staples | 3.9% | 1.5% | +2.4% |
| Communication Services | 4.9% | 0.0% | +4.9% |
More: full overlap table · MNA holdings · XMLV 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.