EVNT vs. MRGR ETF Comparison
Comparison of AltShares Event-Driven ETF (EVNT) to ProShares Merger ETF (MRGR)
EVNT
AltShares Event-Driven ETF
EVNT Description
AltShares Event-Driven ETF is an exchange traded fund launched and managed by Water Island Capital, LLC. The fund invests in the public equity and fixed income markets across the globe. For its equity portion, the fund invests in stocks of companies operating across diversified sectors. It invests in event-driven/arbitrage stocks of companies across diversified market capitalization. The fund invests in fixed income securities with varying maturities. AltShares Event-Driven ETF is domiciled in the United States.
Grade (RS Rating)
Last Trade
$9.76
Average Daily Volume
2,094
40
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
$39.94
Average Daily Volume
1,393
27
Performance
| Period | EVNT | MRGR |
|---|---|---|
| 30 Days | -3.12% | -0.87% |
| 60 Days | -1.31% | -0.61% |
| 90 Days | -2.59% | -0.40% |
| 12 Months | 3.90% | 5.98% |
12 Overlapping Holdings
| Symbol | Grade | Weight in EVNT | Weight in MRGR | Overlap | |
|---|---|---|---|---|---|
| ANSS | C | 2.97% | 2.64% | 2.64% | |
| AXNX | D | 2.5% | 2.53% | 2.5% | |
| CERE | A | 2.67% | 2.62% | 2.62% | |
| CPRI | F | 1.2% | 1.66% | 1.2% | |
| CTLT | C | 0.96% | 2.44% | 0.96% | |
| DOOR | A | 1.01% | 2.64% | 1.01% | |
| EVBG | B | 1.24% | 3.23% | 1.24% | |
| HES | A | 4.67% | 2.52% | 2.52% | |
| JNPR | D | 2.5% | 2.48% | 2.48% | |
| MGRC | C | 2.02% | 2.3% | 2.02% | |
| PXD | B | 4.56% | 2.93% | 2.93% | |
| X | D | 1.94% | 1.93% | 1.93% |
EVNT Overweight 28 Positions Relative to MRGR
| Symbol | Grade | Weight | |
|---|---|---|---|
| OLK | C | 4.07% | |
| MDC | A | 2.5% | |
| CSTR | A | 2.26% | |
| SIMO | C | 2.02% | |
| VFC | F | 1.86% | |
| CCI | F | 1.78% | |
| TGNA | F | 1.76% | |
| BA | F | 1.71% | |
| AMED | D | 1.49% | |
| PARA | B | 1.35% | |
| CZR | F | 1.25% | |
| SATS | B | 1.16% | |
| RIVN | F | 1.09% | |
| AURA | D | 1.09% | |
| RAMP | D | 1.05% | |
| PACB | F | 0.94% | |
| BE | D | 0.89% | |
| PNM | D | 0.85% | |
| INTC | F | 0.82% | |
| VZIO | C | 0.73% | |
| DIS | D | 0.66% | |
| WBD | F | 0.63% | |
| PINS | C | 0.5% | |
| SNOW | D | 0.45% | |
| ZLAB | F | 0.43% | |
| APA | B | 0.21% | |
| WSC | D | -0.77% | |
| SNPS | C | -1.53% |
EVNT: Top Represented Industries & Keywords
MRGR: Top Represented Industries & Keywords
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