KRE vs. MRGR ETF Comparison

Comparison of SPDR S&P Regional Banking ETF (KRE) to ProShares Merger ETF (MRGR)

KRE

SPDR S&P Regional Banking ETF

KRE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the regional banking segment of the U.S. banking industry. In seeking to track the performance of the S&P Regional Banks Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the regional banks industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$48.65

Average Daily Volume

11,905,723

Number of Holdings ^*

138

* 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

$40.33

Average Daily Volume

826

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KRE	MRGR
30 Days	2.21%	0.70%
60 Days	-1.19%	0.68%
90 Days	1.82%	-0.14%
12 Months	20.39%	7.01%

2 Overlapping Holdings

	Symbol	Grade	Weight in KRE	Weight in MRGR	Overlap
	HTLF	B	0.56%	2.56%	0.56%
	IBTX	B	0.58%	2.27%	0.58%

KRE Overweight 136 Positions Relative to MRGR

Symbol	Grade	Weight
TFC	B	2.3%
OZK	D	2.27%
WBS	D	2.25%
WAL	B	2.24%
COLB	C	2.23%
FHN	C	2.23%
SNV	A	2.23%
MTB	B	2.23%
ZION	B	2.22%
HBAN	C	2.22%
EWBC	C	2.22%
RF	B	2.21%
VLY	F	2.2%
CFG	B	2.18%
NYCB	D	2.14%
CFR	D	2.13%
SSB	D	1.94%
WTFC	C	1.79%
PB	C	1.71%
PNFP	D	1.71%
BPOP	C	1.68%
CADE	C	1.67%
ONB	B	1.58%
FNB	C	1.52%
BANC	D	1.52%
AX	C	1.46%
ASB	C	1.32%
TBBK	B	1.31%
TCBI	B	1.31%
CBSH	C	1.27%
HWC	B	1.22%
HOMB	C	1.18%
BKU	B	1.12%
UMBF	B	1.11%
FULT	D	1.11%
GBCI	D	1.1%
FIBK	B	1.05%
FBP	A	0.84%
UBSI	D	0.84%
BOH	D	0.81%
CUBI	B	0.79%
ABCB	B	0.79%
PFS	D	0.75%
FFIN	C	0.74%
UCBI	D	0.73%
FHB	C	0.73%
BOKF	C	0.69%
CVBF	C	0.69%
CATY	C	0.69%
INDB	D	0.68%
PPBI	D	0.66%
CBU	B	0.66%
IBOC	C	0.66%
WAFD	C	0.62%
AUB	C	0.62%
EBC	B	0.59%
WSFS	B	0.59%
SFBS	C	0.53%
SBCF	D	0.51%
CASH	B	0.49%
FRME	C	0.45%
NWBI	B	0.45%
BANR	B	0.45%
VBTX	B	0.43%
SFNC	D	0.43%
OFG	B	0.42%
HTH	C	0.41%
FFBC	C	0.4%
TRMK	C	0.4%
TOWN	C	0.38%
SASR	B	0.38%
EGBN	D	0.36%
HOPE	C	0.34%
NBTB	B	0.34%
RNST	C	0.34%
FCF	B	0.33%
CHCO	B	0.32%
WABC	C	0.32%
LKFN	D	0.32%
PFBC	C	0.32%
PRK	B	0.31%
NBHC	B	0.3%
BANF	D	0.29%
LOB	F	0.28%
BHLB	B	0.28%
WSBC	C	0.28%
CFFN	B	0.25%
STBA	B	0.25%
FBK	B	0.24%
EFSC	B	0.24%
OCFC	B	0.23%
FBMS	C	0.23%
FBNC	C	0.23%
TCBK	B	0.22%
DCOM	C	0.21%
SYBT	B	0.2%
BRKL	D	0.19%
BUSE	B	0.19%
OBK	D	0.18%
CPF	B	0.18%
MCB	C	0.18%
FFWM	F	0.17%
HAFC	B	0.17%
PEBO	C	0.17%
TFSL	C	0.17%
QCRH	B	0.16%
HTBK	B	0.16%
SRCE	B	0.16%
SBSI	D	0.16%
AMAL	B	0.16%
HFWA	D	0.16%
CNOB	D	0.15%
KRNY	C	0.15%
PFC	C	0.15%
NIC	B	0.14%
TMP	C	0.14%
OSBC	B	0.14%
MBWM	B	0.14%
BY	B	0.12%
FFIC	C	0.12%
CCB	B	0.12%
WASH	B	0.12%
CFB	B	0.11%
PGC	D	0.11%
CTBI	C	0.1%
UVSP	B	0.1%
TRST	B	0.1%
THFF	C	0.09%
IBCP	B	0.09%
HBNC	C	0.09%
AMTB	C	0.09%
GSBC	B	0.08%
HONE	B	0.08%
MSBI	D	0.07%
CLBK	D	0.07%
CAC	B	0.07%

KRE Underweight 30 Positions Relative to MRGR

Symbol	Grade	Weight
WRK	D	-3.22%
EVBG	B	-2.99%
ETRN	D	-2.86%
EDR	A	-2.53%
AIRC	A	-2.52%
MODN	B	-2.5%
SBOW	B	-2.49%
PRFT	B	-2.49%
HCP	A	-2.48%
SILK	B	-2.47%
HIBB	A	-2.47%
DFS	A	-2.46%
DO	B	-2.46%
AMK	B	-2.46%
SQSP	A	-2.45%
WIRE	A	-2.44%
MRO	B	-2.43%
ALE	C	-2.43%
ANSS	C	-2.4%
SRCL	A	-2.39%
AXNX	B	-2.38%
SLCA	B	-2.37%
JNPR	B	-2.32%
CTLT	B	-2.28%
CERE	D	-2.26%
HES	C	-2.17%
MGRC	F	-2.08%
CHX	C	-2.07%
HA	D	-2.07%
X	D	-1.82%