GVIP vs. MRGR ETF Comparison

Comparison of Goldman Sachs Hedge Industry VIP ETF (GVIP) to ProShares Merger ETF (MRGR)

GVIP

Goldman Sachs Hedge Industry VIP ETF

GVIP Description

The Goldman Sachs Hedge Industry VIP ETF seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs Hedge Fund VIP Index.

Grade (RS Rating)

Last Trade

$127.66

Average Daily Volume

4,583

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$42.13

Average Daily Volume

811

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GVIP	MRGR
30 Days	4.90%	0.20%
60 Days	7.68%	0.86%
90 Days	10.62%	1.93%
12 Months	39.62%	7.48%

3 Overlapping Holdings

Symbol	Grade	Weight in GVIP	Weight in MRGR	Overlap
EDR	A	1.88%	2.53%	1.88%
HCP	B	1.77%	2.3%	1.77%
LBRDK	C	2.46%	2.25%	2.25%

GVIP Overweight 46 Positions Relative to MRGR

Symbol	Grade	Weight
GEV	B	3.27%
APO	B	2.81%
HUBS	A	2.5%
SPOT	B	2.46%
NTRA	B	2.42%
NFLX	A	2.33%
FI	A	2.32%
KKR	A	2.29%
CRM	B	2.24%
NVDA	C	2.21%
AMZN	C	2.13%
V	A	2.12%
WDAY	B	2.07%
JPM	A	2.05%
ALIT	C	2.03%
MA	C	2.0%
ET	A	1.99%
TSM	B	1.98%
SN	D	1.97%
FCNCA	A	1.97%
GOOGL	C	1.97%
BABA	D	1.94%
HES	B	1.93%
PGR	A	1.92%
CZR	F	1.9%
META	D	1.89%
BRK.A	B	1.89%
WDC	D	1.88%
GE	D	1.87%
AVGO	D	1.86%
AER	B	1.82%
AAPL	C	1.82%
MELI	D	1.79%
TDG	D	1.78%
MSFT	F	1.78%
UNH	C	1.76%
THC	D	1.76%
AMD	F	1.75%
INSM	C	1.74%
UBER	D	1.7%
ACI	C	1.69%
IAC	D	1.67%
TEVA	D	1.65%
ADBE	C	1.64%
X	C	1.63%
LLY	F	1.39%

GVIP Underweight 26 Positions Relative to MRGR

Symbol	Grade	Weight
HTLF	B	-3.58%
DFS	B	-3.14%
IBTX	B	-3.02%
SASR	B	-2.81%
INFN	C	-2.5%
LBPH	A	-2.43%
EVRI	A	-2.42%
NAPA	B	-2.42%
B	B	-2.41%
SMAR	A	-2.41%
ROIC	A	-2.41%
ALTR	B	-2.4%
ATSG	B	-2.4%
ZUO	B	-2.39%
K	A	-2.37%
RCM	F	-2.37%
ENV	B	-2.37%
CDMO	B	-2.36%
ANSS	B	-2.32%
ALE	A	-2.31%
MRO	B	-2.28%
CTLT	B	-2.2%
JNPR	F	-2.14%
SPR	D	-2.11%
CHX	C	-1.8%
RVNC	F	-1.42%