ITA vs. MRGR ETF Comparison
Comparison of iShares U.S. Aerospace & Defense ETF (ITA) to ProShares Merger ETF (MRGR)
ITA
iShares U.S. Aerospace & Defense ETF
ITA Description
The investment seeks to track the investment results of an index composed of U.S. equities in the aerospace and defense sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Select Aerospace & Defense Index (the "underlying index"), which measures the performance of the aerospace and defense sector of the U.S. equity market. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$136.65
Average Daily Volume
424,286
34
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
$39.92
Average Daily Volume
636
31
Performance
| Period | ITA | MRGR |
|---|---|---|
| 30 Days | 6.36% | -0.44% |
| 60 Days | 5.03% | -0.91% |
| 90 Days | 8.69% | -0.35% |
| 12 Months | 24.40% | 6.97% |
0 Overlapping Holdings
| Symbol | Grade | Weight in ITA | Weight in MRGR | Overlap |
|---|
ITA Overweight 34 Positions Relative to MRGR
| Symbol | Grade | Weight | |
|---|---|---|---|
| RTX | A | 18.66% | |
| BA | F | 13.79% | |
| LMT | A | 12.97% | |
| HWM | B | 5.09% | |
| TDG | A | 4.73% | |
| GD | A | 4.65% | |
| NOC | C | 4.45% | |
| LHX | A | 4.44% | |
| TXT | D | 4.17% | |
| AXON | C | 4.08% | |
| HEI | A | 2.89% | |
| WWD | A | 2.58% | |
| CW | A | 2.53% | |
| HII | D | 2.4% | |
| BWXT | D | 1.97% | |
| HEI | A | 1.89% | |
| HXL | C | 1.48% | |
| AVAV | A | 1.31% | |
| MOG.A | A | 1.17% | |
| SPR | D | 0.86% | |
| KTOS | B | 0.7% | |
| AIR | B | 0.58% | |
| DRS | C | 0.39% | |
| MRCY | D | 0.36% | |
| RKLB | C | 0.29% | |
| TGI | C | 0.27% | |
| DCO | B | 0.19% | |
| SWBI | C | 0.18% | |
| ACHR | F | 0.18% | |
| RGR | F | 0.18% | |
| VVX | C | 0.13% | |
| CDRE | D | 0.13% | |
| SPCE | F | 0.11% | |
| NPK | B | 0.1% |
ITA Underweight 31 Positions Relative to MRGR
| Symbol | Grade | Weight | |
|---|---|---|---|
| WRK | A | -3.3% | |
| EVBG | D | -2.91% | |
| ETRN | C | -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 | C | -2.39% | |
| PRFT | B | -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% | |
| DFS | C | -2.37% | |
| SQSP | A | -2.36% | |
| AXNX | D | -2.32% | |
| WIRE | C | -2.31% | |
| SLCA | B | -2.31% | |
| INBX | D | -2.25% | |
| HES | B | -2.23% | |
| HA | C | -2.22% | |
| JNPR | D | -2.19% | |
| CTLT | D | -2.17% | |
| CHX | D | -2.1% | |
| MGRC | D | -2.07% | |
| X | D | -1.78% |
ITA: Top Represented Industries & Keywords
MRGR: Top Represented Industries & Keywords
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