IPAY vs. MRGR ETF Comparison
Comparison of ETFMG Prime Mobile Payments ETF (IPAY) to ProShares Merger ETF (MRGR)
IPAY
ETFMG Prime Mobile Payments ETF
IPAY Description
The ETFMG Prime Mobile Payments ETF (IPAY®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Prime Mobile Payments Index. The index provides a benchmark for investors interested in tracking the mobile and electronic payments industry, specifically focusing on credit card networks, payment infrastructure and software services, payment processing services, and payment solutions (such as smartcards, prepaid cards, virtual wallets).
Grade (RS Rating)
Last Trade
$48.29
Average Daily Volume
21,305
26
MRGR
ProShares Merger ETF
MRGR Description
The investment seeks investment results, before fees and expenses, that track the performance of the S&P Merger Arbitrage Index (the "index"). The fund is designed to track the performance of the index and provide exposure to a global merger arbitrage strategy. The index, and by extension the fund, seeks to produce consistent, positive returns in virtually all market environments, although there are no assurances it will achieve this result. The fund is non-diversified. The index seeks to provide a risk arbitrage strategy that exploits commonly observed price changes associated with a global selection of publicly announced mergers, acquisitions and other corporate reorganizations. Historically, the index has exhibited market neutral characteristics, lower volatility compared to the S&P 500, and a low correlation to S&P 500 returns.Grade (RS Rating)
Last Trade
$39.91
Average Daily Volume
616
31
Performance
| Period | IPAY | MRGR |
|---|---|---|
| 30 Days | -2.70% | 0.23% |
| 60 Days | -7.28% | -0.94% |
| 90 Days | -0.41% | -0.39% |
| 12 Months | 19.29% | 6.87% |
1 Overlapping Holdings
| Symbol | Grade | Weight in IPAY | Weight in MRGR | Overlap | |
|---|---|---|---|---|---|
| DFS | C | 4.95% | 2.37% | 2.37% |
IPAY Overweight 25 Positions Relative to MRGR
| Symbol | Grade | Weight | |
|---|---|---|---|
| AXP | A | 6.64% | |
| PYPL | C | 6.34% | |
| V | C | 5.87% | |
| MA | D | 5.73% | |
| FIS | C | 5.34% | |
| COIN | D | 4.84% | |
| SQ | D | 4.79% | |
| TOST | A | 4.77% | |
| CPAY | B | 4.57% | |
| WEX | D | 3.89% | |
| GPN | F | 3.57% | |
| AFRM | D | 2.73% | |
| EEFT | C | 2.38% | |
| FOUR | F | 1.9% | |
| STNE | C | 1.82% | |
| WU | C | 1.7% | |
| ACIW | A | 1.66% | |
| QTWO | A | 1.35% | |
| PAGS | D | 1.01% | |
| MQ | D | 0.97% | |
| EVTC | F | 0.92% | |
| GDOT | C | 0.34% | |
| DLO | F | 0.32% | |
| IMXI | D | 0.29% | |
| QIWI | D | 0.0% |
IPAY Underweight 30 Positions Relative to MRGR
| Symbol | Grade | Weight | |
|---|---|---|---|
| WRK | A | -3.3% | |
| EVBG | B | -2.91% | |
| ETRN | B | -2.87% | |
| HTLF | A | -2.57% | |
| SWAV | A | -2.44% | |
| EDR | A | -2.44% | |
| FUSN | A | -2.42% | |
| ALPN | A | -2.41% | |
| AIRC | A | -2.41% | |
| MODN | B | -2.4% | |
| CERE | B | -2.39% | |
| PRFT | C | -2.39% | |
| ALE | B | -2.38% | |
| DCPH | A | -2.38% | |
| HCP | B | -2.37% | |
| AMK | D | -2.37% | |
| HIBB | A | -2.37% | |
| ANSS | D | -2.37% | |
| SQSP | A | -2.36% | |
| AXNX | C | -2.32% | |
| WIRE | B | -2.31% | |
| SLCA | B | -2.31% | |
| INBX | D | -2.25% | |
| HES | B | -2.23% | |
| HA | D | -2.22% | |
| JNPR | D | -2.19% | |
| CTLT | D | -2.17% | |
| CHX | D | -2.1% | |
| MGRC | D | -2.07% | |
| X | D | -1.78% |
IPAY: Top Represented Industries & Keywords
MRGR: Top Represented Industries & Keywords
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