MARB vs. BDCZ ETF Comparison
Comparison of First Trust Merger Arbitrage ETF (MARB) to ETRACS Wells Fargo Business Development Company Index ETN Series B due April 26, 2041 (BDCZ)
MARB
First Trust Merger Arbitrage ETF
MARB Description
The investment seeks to provide investors with capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objective by establishing long and short positions in the equity securities of companies that are involved in a publicly-announced significant corporate event, such as a merger or acquisition. It's portfolio may include equity securities issued by U.S. and non-U.S. companies, including American Depositary Receipts (ADRs), and derivatives, including total return swaps. The fund may invest in securities issued by small, mid and large capitalization issuers. It is non-diversified.
Grade (RS Rating)
Last Trade
$19.49
Average Daily Volume
20,865
24
BDCZ
ETRACS Wells Fargo Business Development Company Index ETN Series B due April 26, 2041
BDCZ Description
The ETRACS Wells Fargo® Business Development Company Index ETN Series B due April 26, 2041 are senior unsecured debt securities issued by UBS AG (UBS) that provide exposure to the performance of the Wells Fargo® Business Development Company Index. The index is intended to measure the performance of all business development companies listed on the NYSE or NASDAQ that satisfy specified market capitalization and other eligibility requirements. It refer to the business development companies (“BDCs”) included in the Wells Fargo® Business Development Company Index as the “index constituents.” The index is a proprietary index of Wells Fargo Securities, LLC.Grade (RS Rating)
Last Trade
$19.32
Average Daily Volume
4,992
23
Performance
| Period | MARB | BDCZ |
|---|---|---|
| 30 Days | -1.37% | 3.61% |
| 60 Days | -1.52% | 4.35% |
| 90 Days | -1.90% | 3.88% |
| 12 Months | -1.28% | 29.58% |
0 Overlapping Holdings
| Symbol | Grade | Weight in MARB | Weight in BDCZ | Overlap |
|---|
MARB Overweight 24 Positions Relative to BDCZ
| Symbol | Grade | Weight | |
|---|---|---|---|
| PXD | A | 5.47% | |
| ACI | F | 5.14% | |
| AMED | D | 4.59% | |
| AXNX | C | 4.03% | |
| X | F | 3.74% | |
| JNPR | D | 3.48% | |
| ANSS | C | 3.46% | |
| HES | A | 3.14% | |
| CERE | C | 3.04% | |
| CTLT | D | 3.01% | |
| DFS | A | 3.0% | |
| VZIO | C | 2.95% | |
| NS | C | 2.27% | |
| NWLI | A | 2.1% | |
| LBAI | C | 2.07% | |
| CPRI | F | 1.58% | |
| SP | C | 1.56% | |
| KAMN | A | 1.52% | |
| SNPS | D | -1.94% | |
| PFS | C | -2.12% | |
| SUN | C | -2.29% | |
| CVX | A | -3.33% | |
| COF | A | -3.49% | |
| XOM | A | -5.9% |
MARB Underweight 23 Positions Relative to BDCZ
| Symbol | Grade | Weight | |
|---|---|---|---|
| ARCC | A | -17.86% | |
| FSK | A | -11.43% | |
| MAIN | A | -5.85% | |
| PSEC | C | -5.48% | |
| TSLX | B | -4.71% | |
| GBDC | A | -4.5% | |
| GSBD | A | -4.48% | |
| HTGC | A | -4.42% | |
| NMFC | B | -3.68% | |
| OCSL | A | -3.54% | |
| TCPC | D | -2.36% | |
| CGBD | A | -2.28% | |
| BCSF | A | -2.09% | |
| SLRC | A | -2.05% | |
| NEWT | F | -1.96% | |
| CSWC | A | -1.82% | |
| BBDC | A | -1.72% | |
| GAIN | A | -1.69% | |
| TPVG | D | -1.57% | |
| PFLT | A | -1.45% | |
| PNNT | A | -1.4% | |
| FDUS | A | -1.28% | |
| GLAD | A | -1.22% |
MARB: Top Represented Industries & Keywords
BDCZ: Top Represented Industries & Keywords
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