MRGR vs. ARB ETF Comparison
Comparison of ProShares Merger ETF (MRGR) to AltShares Merger Arbitrage ETF (ARB)
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
$42.09
Average Daily Volume
792
29
ARB
AltShares Merger Arbitrage ETF
ARB Description
AltShares Trust - AltShares Merger Arbitrage ETF is an exchange traded fund launched and managed by Water Island Capital, LLC. It invests in public equity markets of global region. The fund invests through derivatives in stocks of companies operating across diversified sectors. The fund employs long/short strategy and uses derivatives such as futures, forwards, swaps to create its portfolio. AltShares Trust - AltShares Merger Arbitrage ETF is domiciled in the United States.Grade (RS Rating)
Last Trade
$27.91
Average Daily Volume
11,089
43
Performance
| Period | MRGR | ARB |
|---|---|---|
| 30 Days | 0.12% | 0.04% |
| 60 Days | 0.60% | 0.20% |
| 90 Days | 1.82% | 1.26% |
| 12 Months | 7.37% | 5.53% |
16 Overlapping Holdings
| Symbol | Grade | Weight in MRGR | Weight in ARB | Overlap | |
|---|---|---|---|---|---|
| ALE | A | 2.31% | 1.81% | 1.81% | |
| ANSS | B | 2.32% | 2.57% | 2.32% | |
| CHX | C | 1.8% | 2.19% | 1.8% | |
| CTLT | C | 2.2% | 2.72% | 2.2% | |
| DFS | B | 3.14% | 1.9% | 1.9% | |
| ENV | B | 2.37% | 2.17% | 2.17% | |
| EVRI | A | 2.42% | 2.13% | 2.13% | |
| HCP | B | 2.3% | 2.72% | 2.3% | |
| HTLF | B | 3.58% | 1.15% | 1.15% | |
| INFN | D | 2.5% | 2.27% | 2.27% | |
| JNPR | D | 2.14% | 2.66% | 2.14% | |
| K | A | 2.37% | 2.67% | 2.37% | |
| MRO | B | 2.28% | 2.76% | 2.28% | |
| RCM | A | 2.37% | 2.73% | 2.37% | |
| RVNC | F | 1.42% | 2.07% | 1.42% | |
| SPR | D | 2.11% | 2.68% | 2.11% |
MRGR Underweight 27 Positions Relative to ARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| SRCL | B | -2.19% | |
| SILK | A | -2.16% | |
| PETQ | A | -2.14% | |
| HA | A | -2.02% | |
| HES | B | -1.95% | |
| X | B | -1.85% | |
| DO | D | -1.83% | |
| PRFT | B | -1.81% | |
| PWSC | C | -1.81% | |
| AXNX | A | -1.81% | |
| INST | B | -1.79% | |
| VZIO | A | -1.78% | |
| AMK | B | -1.78% | |
| GTHX | A | -1.72% | |
| SRDX | B | -1.4% | |
| FBMS | B | -1.16% | |
| BALY | B | -1.14% | |
| CHUY | B | -1.13% | |
| TWKS | B | -1.11% | |
| MGRC | B | -1.07% | |
| SWN | C | -0.94% | |
| CALT | C | -0.58% | |
| AAN | B | -0.56% | |
| CNSL | C | -0.54% | |
| AGS | A | -0.53% | |
| HAYN | A | -0.53% | |
| SRCL | B | -0.5% |
MRGR: Top Represented Industries & Keywords
ARB: Top Represented Industries & Keywords
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