MRGR vs. IBBQ ETF Comparison
Comparison of ProShares Merger ETF (MRGR) to Invesco Nasdaq Biotechnology ETF (IBBQ)
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
$40.04
Average Daily Volume
1,238
Number of Holdings
*
27
* may have additional holdings in another (foreign) market
IBBQ
Invesco Nasdaq Biotechnology ETF
IBBQ Description
The investment seeks to track the investment results (before fees and expenses) of the Nasdaq Biotechnology Index ®. The fund generally will invest at least 90% of its total assets in the securities that comprise the index. Strictly in accordance with its guidelines and mandated procedures, Nasdaq compiles the underlying index, which is a modified market capitalization weighted index that is designed to measure the performance of securities listed on the Nasdaq Stock Market that are classified as either biotechnology or pharmaceutical companies. The index may include securities of large-, mid- and small-capitalization companies. The fund is non-diversified.Grade (RS Rating)
Last Trade
$21.56
Average Daily Volume
17,445
Number of Holdings
*
204
* may have additional holdings in another (foreign) market
Performance
| Period | MRGR | IBBQ |
|---|---|---|
| 30 Days | -0.83% | -0.14% |
| 60 Days | -0.36% | -4.73% |
| 90 Days | 0.30% | -1.69% |
| 12 Months | 6.30% | 3.20% |
MRGR Overweight 24 Positions Relative to IBBQ
| Symbol | Grade | Weight | |
|---|---|---|---|
| WRK | A | 3.31% | |
| EVBG | B | 3.23% | |
| ETRN | A | 3.14% | |
| PXD | B | 2.93% | |
| NS | D | 2.78% | |
| DFS | B | 2.72% | |
| EDR | A | 2.68% | |
| SWAV | A | 2.68% | |
| AIRC | A | 2.67% | |
| MODN | B | 2.65% | |
| ANSS | F | 2.64% | |
| DOOR | A | 2.64% | |
| CERE | A | 2.62% | |
| AEL | A | 2.62% | |
| WIRE | B | 2.56% | |
| AXNX | C | 2.53% | |
| HES | B | 2.52% | |
| JNPR | D | 2.48% | |
| CTLT | C | 2.44% | |
| CHX | B | 2.36% | |
| MGRC | D | 2.3% | |
| HA | D | 2.24% | |
| X | F | 1.93% | |
| CPRI | F | 1.66% |
MRGR Underweight 201 Positions Relative to IBBQ
| Symbol | Grade | Weight | |
|---|---|---|---|
| AMGN | B | -8.69% | |
| VRTX | C | -8.31% | |
| REGN | C | -8.16% | |
| GILD | F | -8.12% | |
| AZN | A | -4.56% | |
| MRNA | A | -4.46% | |
| BIIB | D | -3.15% | |
| ILMN | D | -2.13% | |
| ALNY | D | -2.05% | |
| BMRN | F | -1.88% | |
| NBIX | A | -1.49% | |
| VTRS | C | -1.49% | |
| SNY | B | -1.44% | |
| RPRX | C | -1.39% | |
| INCY | D | -1.3% | |
| MEDP | D | -1.29% | |
| ARGX | C | -1.28% | |
| SRPT | B | -1.23% | |
| UTHR | A | -1.23% | |
| BNTX | C | -0.95% | |
| ASND | C | -0.91% | |
| ITCI | B | -0.81% | |
| EXEL | B | -0.77% | |
| JAZZ | F | -0.76% | |
| CYTK | D | -0.76% | |
| PCVX | C | -0.75% | |
| IONS | D | -0.67% | |
| RVMD | A | -0.67% | |
| APLS | F | -0.64% | |
| BPMC | A | -0.62% | |
| BGNE | D | -0.61% | |
| HALO | C | -0.55% | |
| CRSP | D | -0.5% | |
| BBIO | D | -0.49% | |
| KRYS | C | -0.49% | |
| MDGL | D | -0.48% | |
| IMVT | D | -0.47% | |
| ALKS | F | -0.45% | |
| LEGN | D | -0.42% | |
| NUVL | C | -0.42% | |
| INSM | D | -0.4% | |
| RARE | D | -0.4% | |
| AXSM | D | -0.38% | |
| FOLD | D | -0.36% | |
| FTRE | C | -0.35% | |
| IOVA | C | -0.35% | |
| SWTX | D | -0.35% | |
| XENE | C | -0.34% | |
| CRNX | A | -0.34% | |
| ARWR | D | -0.33% | |
| ACLX | C | -0.31% | |
| ACAD | F | -0.31% | |
| IDYA | C | -0.31% | |
| JANX | A | -0.28% | |
| ARVN | D | -0.27% | |
| SMMT | B | -0.27% | |
| MRUS | B | -0.26% | |
| RYTM | C | -0.26% | |
| DNLI | F | -0.25% | |
| GH | D | -0.24% | |
| RCKT | D | -0.24% | |
| VCEL | B | -0.24% | |
| DYN | C | -0.23% | |
| GERN | A | -0.23% | |
| VERA | B | -0.23% | |
| NTLA | F | -0.23% | |
| KYMR | C | -0.23% | |
| IMCR | D | -0.22% | |
| AMPH | D | -0.22% | |
| BEAM | F | -0.22% | |
| PTCT | B | -0.22% | |
| KROS | C | -0.22% | |
| RNA | A | -0.21% | |
| SANA | B | -0.2% | |
| SNDX | C | -0.2% | |
| MYGN | C | -0.19% | |
| HRMY | B | -0.19% | |
| AGIO | A | -0.19% | |
| TWST | C | -0.19% | |
| RXRX | F | -0.19% | |
| SUPN | C | -0.18% | |
| VCYT | D | -0.17% | |
| ARDX | D | -0.17% | |
| DVAX | D | -0.17% | |
| PTGX | D | -0.17% | |
| EWTX | B | -0.16% | |
| MORF | F | -0.16% | |
| ADMA | A | -0.16% | |
| FDMT | C | -0.15% | |
| DAWN | A | -0.15% | |
| KURA | C | -0.15% | |
| ANIP | B | -0.15% | |
| LGND | C | -0.14% | |
| PCRX | D | -0.14% | |
| GMAB | F | -0.14% | |
| IRWD | F | -0.14% | |
| NVCR | F | -0.14% | |
| MIRM | D | -0.13% | |
| PRTA | F | -0.13% | |
| AKRO | F | -0.13% | |
| ABCL | F | -0.13% | |
| DCPH | A | -0.13% | |
| VRNA | D | -0.12% | |
| VIR | F | -0.12% | |
| TARS | B | -0.12% | |
| MNKD | C | -0.12% | |
| COLL | B | -0.12% | |
| XNCR | B | -0.12% | |
| MGNX | D | -0.11% | |
| MRVI | B | -0.11% | |
| SRRK | C | -0.11% | |
| ARQT | D | -0.1% | |
| ETNB | F | -0.1% | |
| BCRX | F | -0.1% | |
| ZNTL | F | -0.1% | |
| INVA | A | -0.1% | |
| SAGE | F | -0.09% | |
| SPRY | B | -0.09% | |
| RLAY | F | -0.09% | |
| BCYC | B | -0.09% | |
| EYPT | D | -0.09% | |
| KNSA | B | -0.08% | |
| ALXO | A | -0.08% | |
| RGNX | D | -0.08% | |
| ELVN | B | -0.08% | |
| ARCT | F | -0.08% | |
| AUPH | F | -0.08% | |
| ZLAB | F | -0.08% | |
| COGT | D | -0.08% | |
| PLRX | F | -0.08% | |
| GRFS | F | -0.08% | |
| SIGA | A | -0.07% | |
| ORIC | D | -0.07% | |
| WVE | B | -0.07% | |
| LYEL | B | -0.07% | |
| SVRA | C | -0.07% | |
| AUTL | F | -0.07% | |
| YMAB | B | -0.07% | |
| IRON | F | -0.07% | |
| EOLS | C | -0.07% | |
| NRIX | D | -0.07% | |
| CGEM | A | -0.07% | |
| PHAT | D | -0.06% | |
| ANAB | B | -0.06% | |
| HCM | A | -0.06% | |
| OABI | D | -0.06% | |
| CSTL | B | -0.06% | |
| OLMA | D | -0.06% | |
| CVAC | F | -0.06% | |
| PRME | F | -0.06% | |
| OCUL | D | -0.06% | |
| ALLO | F | -0.06% | |
| CNTA | C | -0.06% | |
| CABA | F | -0.06% | |
| NVAX | F | -0.06% | |
| VERV | F | -0.06% | |
| GLPG | F | -0.06% | |
| LXRX | D | -0.05% | |
| PACB | F | -0.05% | |
| ABUS | D | -0.05% | |
| URGN | D | -0.05% | |
| FULC | D | -0.05% | |
| TVTX | F | -0.05% | |
| MLYS | C | -0.05% | |
| TSHA | D | -0.05% | |
| EDIT | F | -0.05% | |
| TBPH | B | -0.05% | |
| THRD | A | -0.05% | |
| KALV | B | -0.05% | |
| PETQ | D | -0.05% | |
| ALEC | D | -0.05% | |
| RVNC | F | -0.04% | |
| AMRN | D | -0.04% | |
| PGEN | C | -0.04% | |
| CRBU | F | -0.04% | |
| ADPT | F | -0.04% | |
| HROW | F | -0.04% | |
| HUMA | B | -0.04% | |
| ITOS | B | -0.04% | |
| BMEA | F | -0.04% | |
| REPL | F | -0.04% | |
| VYGR | D | -0.04% | |
| QURE | F | -0.03% | |
| CHRS | F | -0.03% | |
| ACIU | F | -0.03% | |
| XERS | D | -0.03% | |
| VTYX | F | -0.03% | |
| RAPT | F | -0.03% | |
| PAHC | A | -0.03% | |
| VNDA | B | -0.03% | |
| ERAS | D | -0.03% | |
| TERN | F | -0.03% | |
| AVXL | F | -0.03% | |
| ATAI | B | -0.03% | |
| MGTX | D | -0.03% | |
| ME | D | -0.02% | |
| BLUE | F | -0.02% | |
| OVID | F | -0.02% | |
| RPHM | C | -0.01% | |
| MRNS | F | -0.01% | |
| ACRS | C | -0.01% |
MRGR: Top Represented Industries & Keywords
Industries:
Biotechnology
Software - Application
Medical Devices
Oil & Gas E&P
Oil & Gas Midstream
Airlines
Apparel Manufacturing
Building Materials
Communication Equipment
Credit Services
Drug Manufacturers - Specialty & Generic
Electronic Components
Entertainment
Insurance - Life
Oil & Gas Equipment & Services
Packaging & Containers
REIT - Residential
Rental & Leasing Services
Steel
IBBQ: Top Represented Industries & Keywords
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