MRGR vs. IZRL ETF Comparison
Comparison of ProShares Merger ETF (MRGR) to ARK Israel Innovative Technology ETF (IZRL)
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
$40.02
Average Daily Volume
1,049
31
IZRL
ARK Israel Innovative Technology ETF
IZRL Description
The ARK Israel Innovative Technology ETF (IZRL) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the ARK Israeli Innovation Index, which is designed to track the price movements of exchange-listed Israeli companies whose main business operations are causing disruptive innovation in the areas of genomics, health care, biotechnology, industrials, manufacturing, the Internet or information technology. The Index includes equity securities and depositary receipts of exchange listed companies that are incorporated and/or domiciled in Israel (‘‘Israeli Companies’’) and are included in one of the following economic sectors as defined by FactSet Research Systems: (i) health technology, (ii) communications, (iii) technology services, (iv) electronic technology, (v) consumer services, or (vi) producer manufacturing.Grade (RS Rating)
Last Trade
$19.92
Average Daily Volume
21,161
24
Performance
| Period | MRGR | IZRL |
|---|---|---|
| 30 Days | -0.85% | -4.37% |
| 60 Days | -0.91% | -5.19% |
| 90 Days | 0.25% | 0.40% |
| 12 Months | 6.30% | 14.22% |
0 Overlapping Holdings
| Symbol | Grade | Weight in MRGR | Weight in IZRL | Overlap |
|---|
MRGR Overweight 31 Positions Relative to IZRL
| Symbol | Grade | Weight | |
|---|---|---|---|
| WRK | A | 3.16% | |
| EVBG | B | 3.04% | |
| ETRN | B | 2.88% | |
| PXD | B | 2.69% | |
| NS | D | 2.61% | |
| SWAV | A | 2.54% | |
| EDR | A | 2.53% | |
| FUSN | A | 2.53% | |
| CERE | B | 2.52% | |
| MODN | B | 2.51% | |
| ALPN | A | 2.51% | |
| DOOR | A | 2.51% | |
| AIRC | A | 2.51% | |
| AMK | D | 2.48% | |
| HIBB | A | 2.48% | |
| AEL | A | 2.48% | |
| HCP | B | 2.46% | |
| DFS | C | 2.46% | |
| ANSS | D | 2.44% | |
| WIRE | B | 2.41% | |
| SLCA | B | 2.41% | |
| AXNX | C | 2.4% | |
| HES | B | 2.35% | |
| INBX | D | 2.34% | |
| JNPR | D | 2.31% | |
| CTLT | C | 2.31% | |
| HA | D | 2.17% | |
| MGRC | D | 2.14% | |
| CHX | D | 2.13% | |
| X | D | 1.84% | |
| CPRI | F | 1.57% |
MRGR Underweight 24 Positions Relative to IZRL
| Symbol | Grade | Weight | |
|---|---|---|---|
| PLTK | C | -2.32% | |
| TEVA | B | -2.27% | |
| RSKD | B | -2.25% | |
| CLBT | C | -2.22% | |
| FROG | D | -2.22% | |
| FVRR | F | -2.21% | |
| AUDC | F | -2.21% | |
| MGIC | B | -2.21% | |
| CGNT | C | -2.2% | |
| MNDY | D | -2.19% | |
| ITRN | C | -2.18% | |
| RDWR | D | -2.18% | |
| SPNS | B | -2.17% | |
| NNOX | D | -2.15% | |
| CYBR | D | -2.15% | |
| URGN | F | -2.15% | |
| TARO | B | -2.14% | |
| INMD | F | -2.11% | |
| WKME | D | -2.1% | |
| SSYS | F | -2.09% | |
| WIX | D | -2.07% | |
| SMWB | D | -2.07% | |
| NICE | D | -2.05% | |
| CHKP | D | -2.01% |
MRGR: Top Represented Industries & Keywords
IZRL: Top Represented Industries & Keywords
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