IBRN vs. MRGR ETF Comparison

Comparison of iShares Neuroscience and Healthcare ETF (IBRN) to ProShares Merger ETF (MRGR)
IBRN

iShares Neuroscience and Healthcare ETF

IBRN Description

iShares Neuroscience and Healthcare ETF is an exchange traded fund launched by BlackRock, Inc. It is managed by BlackRock Fund Advisors. The fund invests in public equity markets of global region. It invests in stocks of companies operating across neurology biopharmaceuticals or neurological devices sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It seeks to track the performance of the NYSE FactSet Global Neuro Biopharma and MedTech Index, by using representative sampling technique. iShares Neuroscience and Healthcare ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$26.83

Average Daily Volume

645

Number of Holdings *

45

* 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

$42.15

Average Daily Volume

679

Number of Holdings *

29

* may have additional holdings in another (foreign) market
Performance
Period IBRN MRGR
30 Days 7.49% 0.52%
60 Days 3.76% 1.59%
90 Days 6.85% 3.01%
12 Months 32.83% 8.21%
2 Overlapping Holdings
Symbol Grade Weight in IBRN Weight in MRGR Overlap
AXNX A 3.69% 2.27% 2.27%
LBPH A 3.56% 2.4% 2.4%
IBRN Overweight 43 Positions Relative to MRGR
Symbol Grade Weight
BHVN B 4.87%
PTCT B 4.57%
ITCI A 4.16%
CPRX A 3.97%
XENE C 3.86%
NBIX C 3.61%
SRPT D 3.53%
EWTX B 3.48%
ALKS F 3.46%
SRRK B 3.31%
ACAD F 3.28%
SUPN B 3.2%
DYN F 3.16%
BIIB F 3.13%
AVDL C 2.49%
IART C 2.17%
PRAX B 2.04%
SAVA D 1.95%
PRTA F 1.41%
ANNX B 1.09%
CAPR B 1.06%
AXGN B 1.03%
DNTH A 1.0%
AVXL A 0.97%
NGNE B 0.8%
RAPP B 0.78%
ZVRA A 0.76%
ALEC D 0.67%
TRDA A 0.66%
SGMO A 0.6%
LRMR C 0.55%
VYGR C 0.55%
CLPT A 0.53%
TSHA F 0.47%
VNDA D 0.46%
ABEO B 0.44%
CTNM D 0.42%
AMLX B 0.4%
NVRO D 0.34%
SLDB F 0.32%
PEPG F 0.3%
ABOS C 0.23%
ANRO F 0.15%
IBRN Underweight 27 Positions Relative to MRGR
Symbol Grade Weight
HTLF A -3.12%
IBTX B -2.79%
DFS A -2.57%
INFN B -2.54%
EDR A -2.48%
SASR A -2.44%
SMAR A -2.41%
B A -2.39%
EVRI A -2.39%
NAPA A -2.38%
K A -2.36%
ZUO A -2.36%
PETQ A -2.35%
ENV A -2.34%
RCM A -2.34%
INST A -2.33%
JNPR A -2.33%
SRCL A -2.32%
HCP A -2.29%
ALE A -2.29%
CTLT D -2.21%
ANSS C -2.2%
SPR C -2.11%
MRO C -2.06%
HES B -1.87%
RVNC C -1.87%
CHX F -1.68%
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