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HXA vs MNA

Mast HedgeIndex Corporate Arbitrage ETF

HXA—NYSE Arca

NYLI Merger Arbitrage ETF

MNABNYSE Arca

Overlap

Expense ratio

MNA −0.21pt a year

HXA0.99%MNA0.78%

Avg volume · 30D

HXA 4.4×the volume

HXA167KMNA37.7K

HXA vs MNA Performance

Sep 30, 2026 – Oct 7, 2026

+0.8%HXA−0.5%MNA

Sep 30, 2026 to Oct 7, 2026. HXA +0.8%. MNA −0.5%. Use the arrow keys to read each point.−0.25%0%0.25%0.5%1%Sep 30Oct 2Oct 7
Expense ratio
HXA 0.99%
MNA 0.78%, better
Fund size
HXA $51M
MNA $265M
1Y total return
HXA No data
MNA +3.0%
Yield (12M)
HXA No data
MNA 0.00%
Holdings
HXA 18
MNA 53
Avg volume (30D)
HXA 167K sh, better
MNA 37.7K sh
NAV per share
HXA $24.92
MNA $36.94
52W range

ETF.net Grade

  • —HXANot yet graded
MNA: Cost 66, Risk 51, Mission not scored, Tradability 49, Holdings 52, Durability 76.
Pillar letters and Scores for HXA, MNA, with each pillar’s weight
PillarHXAMNA
Cost30% weightNot scoredB66
Mission25% weightNot scoredNot scored
Risk15% weightNot scoredC51
Tradability15% weightNot scoredC49
Holdings10% weightNot scoredC52
Durability5% weightNot scoredA76

Rank among Merger Arbitrage funds

How we build Categories ›

Merger Arbitrage⁠

Category · 4 funds
See all 4 ›

MNA ranks 2nd of 4 funds in the Merger Arbitrage Category.

  1. Rank 1BMRGRProShares Merger ETFScore 62
  2. Rank 2BMNANYLI Merger Arbitrage ETFScore 58
  3. Rank 3BARBAltShares Merger Arbitrage ETFScore 57

HXA vs MNA Holdings

As of
How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

HXA vs MNA Cost

Overpaying HXA vs MNA

$3,523

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • HXA 0.99%

    $18,525

  • MNA 0.78%

    $15,002

$10,000
30 years

Cost over time

  • HXA 0.99%
  • MNA 0.78%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530HXA $18,525MNA $15,002

Year by year

YearHXAMNAOverpaying
10$1,746$1,388$358
20$6,565$5,268$1,297
30$18,525$15,002$3,523

Expense ratio

  • 0.99%HXA
  • 0.78%MNA, cheaper

HXA vs MNA Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
HXA No data
MNA 0.00%
Payout (12M)
HXA None
MNA None

Distribution history

Per share, 2014 to 2023, same scale for both

HXAAll HXA payments⁠

No distribution history available.

MNA4 paymentsAll MNA payments⁠
One bar per payment. 4 payments from 2014 to 2023. Dec 29, 2015 $0.25; Dec 28, 2016 $0.06; Dec 30, 2020 $0.77; Dec 28, 2023 $0.38. Use the arrow keys to read each point.$0$0.502014201720202023

HXA vs MNA Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
HXA No dataMNA 2.8%
Return per unit of riskSharpe ratio, 3 years
HXA No dataMNA 0.45
Worst fallMax drawdown, 5 years
HXA No dataMNA −8.4%
Market sensitivityBeta, 5 years
HXA 0.00MNA 0.01

HXA and MNA in the news

All news⁠

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