BOUT vs. MRGR ETF Comparison
Comparison of Innovator IBD Breakout Opportunities ETF (BOUT) to ProShares Merger ETF (MRGR)
BOUT
Innovator IBD Breakout Opportunities ETF
BOUT Description
The investment seeks to track, before fees and expenses, the performance of the IBD® Breakout Stocks Index (the "index"). The fund will normally invest at least 80% of its net assets (including investment borrowings) in the equity securities that comprise the index. The index seeks to provide opportunistic investment exposure to those stocks with the potential to "break out," or experience a period of sustained price growth beyond the stock's recent "resistance level," with consideration for various market conditions. The fund is non-diversified. BOUT uses technical analysis to find stocks that are likely to breakout. The funds index relies on an algorithm that establishes a base price (a recent high) for each eligible security. The index then follows the trend for each stock. Selected stocks are ranked by a combination of relative strength and fundamental factors, and then weighted in fixed tiers according to this ranking. In addition, BOUT will move 50% of its portfolio into T-bills based on market signals: a rapid increase in either margin debt or overall stock prices, combined with slowing reversing momentum in the S&P 500. The T-bill position will remain in place until the S&P 500 falls by 50% or show indications of rising momentum. BOUT is rebalanced and reconstituted weekly after the close on Friday. The frequent rebalance schedule means the fund will be highly responsive to the technical factors that drive its strategy, but could also experience high turnover.
Grade (RS Rating)
Last Trade
$40.32
Average Daily Volume
2,990
44
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
$42.09
Average Daily Volume
792
29
Performance
| Period | BOUT | MRGR |
|---|---|---|
| 30 Days | 7.95% | 0.12% |
| 60 Days | 9.94% | 0.60% |
| 90 Days | 9.81% | 1.82% |
| 12 Months | 32.83% | 7.37% |
1 Overlapping Holdings
| Symbol | Grade | Weight in BOUT | Weight in MRGR | Overlap | |
|---|---|---|---|---|---|
| LBRDK | C | 4.44% | 2.25% | 2.25% |
BOUT Overweight 43 Positions Relative to MRGR
| Symbol | Grade | Weight | |
|---|---|---|---|
| PACS | F | 4.48% | |
| MS | A | 4.47% | |
| NEM | D | 4.42% | |
| VIK | B | 4.39% | |
| EXPE | B | 4.28% | |
| EQIX | A | 4.25% | |
| AHR | A | 4.24% | |
| IDCC | B | 4.01% | |
| ETN | A | 3.82% | |
| SPGI | C | 3.81% | |
| EQH | C | 3.78% | |
| CRM | B | 3.73% | |
| BAH | F | 3.73% | |
| DVA | C | 3.71% | |
| PGR | A | 3.63% | |
| CRDO | B | 2.87% | |
| VRNS | D | 2.61% | |
| ULS | B | 2.59% | |
| IR | B | 2.49% | |
| DT | D | 2.49% | |
| NMIH | C | 2.44% | |
| ONON | A | 2.35% | |
| COLL | F | 2.23% | |
| TSM | B | 1.31% | |
| TBBK | B | 1.28% | |
| NOW | A | 1.27% | |
| CDNA | D | 1.24% | |
| SCCO | F | 1.22% | |
| SN | D | 1.2% | |
| TCOM | B | 1.14% | |
| BEKE | D | 1.06% | |
| ROAD | B | 0.45% | |
| AXON | A | 0.43% | |
| TPH | D | 0.42% | |
| IBKR | A | 0.42% | |
| CWAN | B | 0.42% | |
| AVGO | D | 0.42% | |
| ALKT | B | 0.42% | |
| GMED | A | 0.41% | |
| CORT | B | 0.41% | |
| ACGL | C | 0.4% | |
| PLMR | A | 0.39% | |
| JD | D | 0.38% |
BOUT Underweight 28 Positions Relative to MRGR
| Symbol | Grade | Weight | |
|---|---|---|---|
| HTLF | B | -3.58% | |
| DFS | B | -3.14% | |
| IBTX | B | -3.02% | |
| SASR | B | -2.81% | |
| EDR | A | -2.53% | |
| INFN | D | -2.5% | |
| LBPH | A | -2.43% | |
| EVRI | A | -2.42% | |
| NAPA | A | -2.42% | |
| B | A | -2.41% | |
| SMAR | B | -2.41% | |
| ROIC | A | -2.41% | |
| ALTR | B | -2.4% | |
| ATSG | B | -2.4% | |
| ZUO | B | -2.39% | |
| K | A | -2.37% | |
| RCM | A | -2.37% | |
| ENV | B | -2.37% | |
| CDMO | A | -2.36% | |
| ANSS | B | -2.32% | |
| ALE | A | -2.31% | |
| HCP | B | -2.3% | |
| MRO | B | -2.28% | |
| CTLT | C | -2.2% | |
| JNPR | D | -2.14% | |
| SPR | D | -2.11% | |
| CHX | C | -1.8% | |
| RVNC | F | -1.42% |
BOUT: Top Represented Industries & Keywords
MRGR: Top Represented Industries & Keywords
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