MRGR vs. KBWD ETF Comparison
Comparison of ProShares Merger ETF (MRGR) to PowerShares KBW High Dividend Yield Financial Portfolio ETF (KBWD)
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
$40.26
Average Daily Volume
2,366
26
KBWD
PowerShares KBW High Dividend Yield Financial Portfolio ETF
KBWD Description
The PowerShares KBW High Dividend Yield Financial Portfolio (Fund) is based on the KBW Financial Sector Dividend Yield Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index. The Index is calculated using a dividend yield weighted methodology that seeks to reflect the performance of approximately 24 to 40 publicly listed financial companies that are principally engaged in the business of providing financial services and products, including banking, insurance and diversified financial services, in the United States. The Index may also include securities of BDCs and equity and mortgage REITs. The Fund and the Index are rebalanced and reconstituted quarterly.Grade (RS Rating)
Last Trade
$14.85
Average Daily Volume
130,623
32
Performance
| Period | MRGR | KBWD |
|---|---|---|
| 30 Days | 0.01% | -0.68% |
| 60 Days | 0.36% | 0.05% |
| 90 Days | 0.52% | -3.85% |
| 12 Months | 6.49% | 11.22% |
0 Overlapping Holdings
| Symbol | Grade | Weight in MRGR | Weight in KBWD | Overlap |
|---|
MRGR Overweight 26 Positions Relative to KBWD
| Symbol | Grade | Weight | |
|---|---|---|---|
| WRK | A | 3.29% | |
| EVBG | A | 3.2% | |
| ETRN | A | 2.87% | |
| PXD | A | 2.83% | |
| EDR | A | 2.65% | |
| FUSN | A | 2.64% | |
| SWAV | A | 2.64% | |
| MODN | A | 2.63% | |
| AIRC | A | 2.63% | |
| MDC | A | 2.61% | |
| ANSS | C | 2.61% | |
| CERE | B | 2.59% | |
| DOOR | A | 2.59% | |
| AEL | A | 2.56% | |
| DFS | A | 2.54% | |
| JNPR | C | 2.54% | |
| AXNX | C | 2.54% | |
| NS | C | 2.52% | |
| INBX | C | 2.49% | |
| CHX | A | 2.49% | |
| CTLT | C | 2.43% | |
| HA | C | 2.38% | |
| HES | A | 2.38% | |
| MGRC | C | 2.37% | |
| X | D | 2.14% | |
| CPRI | F | 1.83% |
MRGR Underweight 32 Positions Relative to KBWD
| Symbol | Grade | Weight | |
|---|---|---|---|
| EFC | D | -3.94% | |
| FSK | A | -3.78% | |
| AGNC | C | -3.68% | |
| TRIN | A | -3.44% | |
| RILY | C | -3.4% | |
| FDUS | A | -3.31% | |
| RC | D | -3.25% | |
| TRTX | A | -3.24% | |
| PSEC | C | -3.2% | |
| PNNT | A | -3.14% | |
| ACRE | F | -3.1% | |
| TCPC | D | -3.02% | |
| ARI | B | -3.01% | |
| DX | D | -2.99% | |
| GSBD | A | -2.99% | |
| TPVG | D | -2.68% | |
| BBDC | A | -2.54% | |
| KREF | D | -2.54% | |
| OMF | A | -2.12% | |
| WASH | D | -2.08% | |
| WU | C | -1.73% | |
| LNC | B | -1.71% | |
| FIBK | D | -1.7% | |
| EGBN | F | -1.68% | |
| NWBI | D | -1.64% | |
| APAM | B | -1.61% | |
| JXN | A | -1.5% | |
| KEY | B | -1.48% | |
| JHG | B | -1.28% | |
| PRU | B | -1.21% | |
| NYCB | F | -0.65% | |
| CSWC | A | -0.06% |
MRGR: Top Represented Industries & Keywords
KBWD: Top Represented Industries & Keywords
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