MRGR vs. BOAT ETF Comparison
Comparison of ProShares Merger ETF (MRGR) to SonicShares Global Shipping ETF (BOAT)
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
$40.08
Average Daily Volume
1,277
27
BOAT
SonicShares Global Shipping ETF
BOAT Description
The investment seeks to track the performance, before fees and expenses, of the Solactive Global Shipping Index. The index is a rules-based index that seeks to provide exposure to a global portfolio of companies identified as being engaged in the water transportation industry. Under normal circumstances, at least 80% of the fund?s net assets, plus borrowings for investment purposes, will be invested in Global Shipping Companies. It also may invest in securities or other investments not included in the index, but which the fund?s investment adviser believes will help it track the index. The fund is non-diversified.Grade (RS Rating)
Last Trade
$32.42
Average Daily Volume
17,626
22
Performance
| Period | MRGR | BOAT |
|---|---|---|
| 30 Days | -0.86% | 7.83% |
| 60 Days | -0.26% | 4.09% |
| 90 Days | 0.40% | 4.74% |
| 12 Months | 6.30% | 29.53% |
0 Overlapping Holdings
| Symbol | Grade | Weight in MRGR | Weight in BOAT | Overlap |
|---|
MRGR Overweight 27 Positions Relative to BOAT
| Symbol | Grade | Weight | |
|---|---|---|---|
| WRK | A | 3.31% | |
| EVBG | A | 3.23% | |
| ETRN | B | 3.14% | |
| PXD | A | 2.93% | |
| NS | C | 2.78% | |
| DFS | B | 2.72% | |
| EDR | A | 2.68% | |
| FUSN | A | 2.68% | |
| SWAV | A | 2.68% | |
| AIRC | A | 2.67% | |
| ALPN | A | 2.66% | |
| MODN | A | 2.65% | |
| ANSS | D | 2.64% | |
| DOOR | A | 2.64% | |
| CERE | A | 2.62% | |
| AEL | A | 2.62% | |
| WIRE | A | 2.56% | |
| AXNX | B | 2.53% | |
| HES | A | 2.52% | |
| JNPR | C | 2.48% | |
| INBX | C | 2.48% | |
| CTLT | C | 2.44% | |
| CHX | B | 2.36% | |
| MGRC | D | 2.3% | |
| HA | C | 2.24% | |
| X | F | 1.93% | |
| CPRI | F | 1.66% |
MRGR Underweight 22 Positions Relative to BOAT
| Symbol | Grade | Weight | |
|---|---|---|---|
| STNG | B | -4.71% | |
| INSW | A | -4.3% | |
| MATX | D | -4.12% | |
| SBLK | A | -2.97% | |
| GOGL | A | -2.85% | |
| BWLP | D | -1.93% | |
| DHT | A | -1.89% | |
| SFL | A | -1.84% | |
| TNK | A | -1.73% | |
| LPG | B | -1.7% | |
| DAC | A | -1.46% | |
| FLNG | B | -1.42% | |
| CMRE | A | -1.4% | |
| ZIM | A | -1.39% | |
| NVGS | B | -1.13% | |
| ECO | A | -0.98% | |
| GNK | A | -0.92% | |
| NAT | D | -0.82% | |
| GSL | A | -0.8% | |
| ASC | A | -0.7% | |
| SB | A | -0.57% | |
| DSX | C | -0.32% |
MRGR: Top Represented Industries & Keywords
BOAT: Top Represented Industries & Keywords
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