MRGR vs. FOVL ETF Comparison
Comparison of ProShares Merger ETF (MRGR) to iShares Focused Value Factor ETF (FOVL)
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
$39.94
Average Daily Volume
1,393
27
FOVL
iShares Focused Value Factor ETF
FOVL Description
The investment seeks to track the to track the investment results of the Focused Value Select Index, which is an objective, rules-based, equal-weighted equity index provided by FTSE Russell. The underlying index measures the performance of large- and mid-capitalization U.S. companies with prominent value factor characteristics, as determined by Russell. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. It is non-diversified.Grade (RS Rating)
Last Trade
$59.81
Average Daily Volume
10,070
40
Performance
| Period | MRGR | FOVL |
|---|---|---|
| 30 Days | -0.87% | -4.48% |
| 60 Days | -0.61% | 1.19% |
| 90 Days | -0.40% | 3.41% |
| 12 Months | 5.98% | 21.82% |
1 Overlapping Holdings
| Symbol | Grade | Weight in MRGR | Weight in FOVL | Overlap | |
|---|---|---|---|---|---|
| DFS | A | 2.72% | 2.48% | 2.48% |
MRGR Overweight 26 Positions Relative to FOVL
| Symbol | Grade | Weight | |
|---|---|---|---|
| WRK | B | 3.31% | |
| EVBG | B | 3.23% | |
| ETRN | A | 3.14% | |
| PXD | B | 2.93% | |
| NS | C | 2.78% | |
| EDR | A | 2.68% | |
| FUSN | A | 2.68% | |
| SWAV | A | 2.68% | |
| AIRC | A | 2.67% | |
| ALPN | A | 2.66% | |
| MODN | B | 2.65% | |
| ANSS | C | 2.64% | |
| DOOR | A | 2.64% | |
| CERE | A | 2.62% | |
| AEL | A | 2.62% | |
| WIRE | B | 2.56% | |
| AXNX | D | 2.53% | |
| HES | A | 2.52% | |
| JNPR | D | 2.48% | |
| INBX | D | 2.48% | |
| CTLT | C | 2.44% | |
| CHX | B | 2.36% | |
| MGRC | C | 2.3% | |
| HA | D | 2.24% | |
| X | D | 1.93% | |
| CPRI | F | 1.66% |
MRGR Underweight 39 Positions Relative to FOVL
| Symbol | Grade | Weight | |
|---|---|---|---|
| TOL | B | -3.34% | |
| PNFP | C | -3.23% | |
| IBKR | A | -3.13% | |
| BLDR | C | -3.13% | |
| COF | A | -3.06% | |
| WTM | B | -2.96% | |
| WLK | B | -2.94% | |
| JPM | B | -2.94% | |
| SF | A | -2.92% | |
| CLF | F | -2.88% | |
| FYBR | C | -2.82% | |
| WBS | D | -2.81% | |
| AXS | D | -2.8% | |
| NUE | D | -2.73% | |
| FHB | A | -2.68% | |
| ORI | A | -2.68% | |
| JHG | B | -2.64% | |
| SNV | C | -2.62% | |
| CNA | D | -2.6% | |
| FNB | B | -2.58% | |
| KMI | A | -2.57% | |
| LYB | B | -2.56% | |
| PFG | D | -2.48% | |
| AMG | C | -2.47% | |
| T | C | -2.47% | |
| HPE | A | -2.36% | |
| STT | B | -2.32% | |
| THO | F | -2.29% | |
| AGR | B | -2.24% | |
| CUZ | B | -2.24% | |
| AN | A | -2.24% | |
| LPX | C | -2.23% | |
| PNW | A | -2.09% | |
| ALK | A | -1.97% | |
| Z | D | -1.93% | |
| LSXMK | F | -1.72% | |
| SNDR | F | -1.68% | |
| UNM | C | -1.21% | |
| LLYVK | D | -0.65% |
MRGR: Top Represented Industries & Keywords
FOVL: Top Represented Industries & Keywords
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