MRGR vs. MMSC ETF Comparison

Comparison of ProShares Merger ETF (MRGR) to First Trust Multi-Manager Small (MMSC)

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

$40.06

Average Daily Volume

581

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MMSC

First Trust Multi-Manager Small

MMSC Description

First Trust Multi-Manager Small is an exchange traded fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Driehaus Capital Management LLC and Stephens Investment Management Group. It invests in the public equity markets of global region. The fund invests in stocks of companies operating across diversified sectors. It invests in growth stocks of small cap companies, within the market capitalization range of the Russell 2000 Growth Index. The fund invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund employs external research to create its portfolio. First Trust Multi-Manager Small was formed on October 13, 2021 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$19.28

Average Daily Volume

6,122

Number of Holdings ^*

174

* may have additional holdings in another (foreign) market

Performance

Period	MRGR	MMSC
30 Days	-0.06%	4.96%
60 Days	-0.92%	-0.76%
90 Days	-0.32%	-0.09%
12 Months	6.79%	27.86%

0 Overlapping Holdings

	Symbol	Grade	Weight in MRGR	Weight in MMSC	Overlap

MRGR Overweight 32 Positions Relative to MMSC

Symbol	Grade	Weight
WRK	A	3.36%
EVBG	D	2.92%
ETRN	A	2.92%
HTLF	C	2.52%
SBOW	B	2.48%
SWAV	A	2.47%
EDR	A	2.45%
FUSN	A	2.44%
AIRC	A	2.43%
MODN	B	2.42%
HCP	B	2.41%
DCPH	A	2.4%
PRFT	B	2.4%
SQSP	A	2.39%
HIBB	A	2.39%
ANSS	D	2.39%
AMK	D	2.38%
ALE	B	2.37%
CERE	D	2.36%
DFS	D	2.35%
AXNX	D	2.32%
SLCA	B	2.32%
WIRE	C	2.28%
IBTX	B	2.28%
INBX	D	2.24%
HA	B	2.2%
JNPR	D	2.19%
HES	D	2.16%
CTLT	D	2.16%
MGRC	D	2.12%
CHX	D	2.02%
X	D	1.72%

MRGR Underweight 174 Positions Relative to MMSC

Symbol	Grade	Weight
ONTO	B	-2.16%
BRBR	C	-1.95%
AXON	D	-1.72%
CYBR	D	-1.56%
TMDX	A	-1.41%
AVAV	A	-1.27%
FTI	B	-1.22%
CELH	C	-1.2%
WING	B	-1.19%
TNDM	A	-1.07%
CRNX	C	-1.06%
NTRA	A	-1.03%
MEG	C	-1.02%
PCVX	C	-0.92%
WFRD	C	-0.87%
SPSC	C	-0.86%
ENV	B	-0.86%
SGBX	D	-0.86%
MANH	D	-0.85%
KTOS	B	-0.82%
SMCI	D	-0.81%
PLMR	C	-0.81%
FRPT	A	-0.81%
HQY	D	-0.8%
GKOS	B	-0.79%
RBC	B	-0.77%
AZEK	D	-0.76%
XENE	F	-0.75%
NTNX	B	-0.73%
MNDY	B	-0.71%
PIPR	B	-0.71%
MOD	C	-0.71%
TDW	B	-0.69%
VRT	B	-0.67%
HEI	B	-0.65%
RYAN	B	-0.65%
MMS	C	-0.64%
SFM	B	-0.64%
CNM	C	-0.63%
AAON	D	-0.63%
TTEK	B	-0.63%
TROX	A	-0.61%
FCN	C	-0.61%
MTDR	D	-0.6%
MGY	D	-0.6%
EZPW	D	-0.6%
BROS	C	-0.59%
VRNS	C	-0.59%
TREX	D	-0.57%
UEC	B	-0.57%
KNSL	F	-0.56%
SITE	F	-0.56%
ACHC	F	-0.55%
SAIA	F	-0.55%
HALO	C	-0.55%
ICFI	D	-0.54%
APG	D	-0.54%
EXEL	F	-0.54%
GWRE	B	-0.54%
KMPR	C	-0.54%
LGND	C	-0.54%
FSS	B	-0.54%
CW	B	-0.54%
SWN	C	-0.54%
ELF	C	-0.53%
FIX	B	-0.53%
CVNA	C	-0.52%
BCPC	C	-0.51%
HCI	D	-0.51%
PRO	D	-0.5%
MRUS	B	-0.49%
DUOL	D	-0.49%
BPMC	C	-0.48%
ITGR	B	-0.48%
RGEN	F	-0.48%
BFAM	C	-0.47%
ECPG	D	-0.47%
OSCR	C	-0.47%
ICLR	B	-0.46%
MEDP	D	-0.46%
TECH	C	-0.45%
AZTA	F	-0.44%
PSTG	A	-0.44%
APPF	C	-0.44%
LIVN	C	-0.44%
KNF	D	-0.44%
ERJ	C	-0.43%
CHEF	A	-0.43%
ASPN	B	-0.42%
AIT	B	-0.42%
RVLV	D	-0.42%
SUPN	F	-0.42%
HUBG	C	-0.41%
ESTC	D	-0.41%
STRL	C	-0.4%
TENB	F	-0.4%
MTSI	B	-0.39%
GMED	B	-0.39%
CRDO	C	-0.38%
VIRT	C	-0.37%
SKWD	C	-0.37%
POWI	B	-0.37%
PZZA	F	-0.37%
VSEC	D	-0.36%
LSCC	B	-0.35%
LASR	C	-0.34%
IRTC	F	-0.34%
COHR	B	-0.34%
PR	D	-0.34%
FN	B	-0.34%
WHD	C	-0.34%
BMI	B	-0.33%
IBP	D	-0.33%
ATI	A	-0.33%
EVR	B	-0.33%
PCRX	D	-0.32%
GLOB	F	-0.32%
RPD	F	-0.32%
ZWS	C	-0.32%
HSTM	C	-0.32%
NUVL	D	-0.32%
LNN	F	-0.31%
FIVE	F	-0.31%
CGNX	C	-0.31%
SLAB	D	-0.3%
MSA	C	-0.3%
MOG.A	C	-0.3%
NEOG	C	-0.3%
AMRC	C	-0.29%
INTA	C	-0.29%
EME	B	-0.29%
FIVN	F	-0.29%
ASO	D	-0.29%
S	D	-0.28%
GTLB	D	-0.28%
ALTR	B	-0.28%
VECO	A	-0.27%
AEO	D	-0.27%
QLYS	F	-0.27%
KFY	B	-0.26%
LOPE	C	-0.26%
BLFS	B	-0.26%
RMBS	F	-0.26%
MKTX	F	-0.26%
SKY	F	-0.25%
EVER	B	-0.25%
KRYS	D	-0.25%
TOST	C	-0.24%
GTLS	C	-0.24%
SDGR	F	-0.22%
CIVI	D	-0.22%
RXST	C	-0.22%
ANF	A	-0.22%
SMTC	B	-0.22%
FWRG	D	-0.21%
RARE	F	-0.21%
WAL	C	-0.21%
KRNT	F	-0.2%
ITRI	A	-0.19%
WIX	B	-0.19%
ITCI	D	-0.19%
RBRK	F	-0.19%
TYL	B	-0.19%
DNUT	F	-0.16%
MDGL	D	-0.16%
CUBI	F	-0.15%
QNST	B	-0.14%
GPOR	C	-0.14%
AMBA	C	-0.12%
MAX	D	-0.12%
PODD	D	-0.11%
RYTM	D	-0.11%
IOVA	D	-0.09%
KYMR	D	-0.07%