MRGR vs. LABD ETF Comparison
Comparison of ProShares Merger ETF (MRGR) to Direxion Daily S&P Biotech Bear 3X Shares (LABD)
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
27
LABD
Direxion Daily S&P Biotech Bear 3X Shares
LABD Description
The investment seeks daily investment results, before fees and expenses, of 300% of the inverse of the performance of the S&P Biotechnology Select Industry Index. The index is provided by Standard & Poor's and includes domestic companies from the biotechnology industry. The fund normally creates short positions by investing at least 80% of its assets in: swap agreements; options on securities and indices; forward contracts; short positions; reverse repurchase agreements; ETFs; and other financial instruments that, in combination, provide inverse leveraged and unleveraged exposure to the S&P Biotechnology Select Industry Index ("index"). It is non-diversified.Grade (RS Rating)
Last Trade
$8.31
Average Daily Volume
16,192,456
80
Performance
| Period | MRGR | LABD |
|---|---|---|
| 30 Days | -0.83% | 5.67% |
| 60 Days | -0.36% | 46.03% |
| 90 Days | 0.30% | -10.76% |
| 12 Months | 6.30% | -38.36% |
0 Overlapping Holdings
| Symbol | Grade | Weight in MRGR | Weight in LABD | Overlap |
|---|
MRGR Overweight 27 Positions Relative to LABD
| 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% | |
| FUSN | A | 2.68% | |
| SWAV | A | 2.68% | |
| AIRC | A | 2.67% | |
| ALPN | A | 2.66% | |
| 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% | |
| INBX | 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 80 Positions Relative to LABD
| Symbol | Grade | Weight | |
|---|---|---|---|
| EXEL | B | -1.91% | |
| BMRN | F | -1.89% | |
| BLUE | F | -1.87% | |
| VRTX | C | -1.84% | |
| SAGE | F | -1.8% | |
| UTHR | A | -1.78% | |
| REGN | C | -1.77% | |
| AMGN | B | -1.75% | |
| ALNY | D | -1.73% | |
| EXAS | F | -1.73% | |
| ABBV | D | -1.72% | |
| ACAD | F | -1.68% | |
| SRPT | B | -1.66% | |
| BIIB | D | -1.65% | |
| IONS | D | -1.64% | |
| GILD | F | -1.64% | |
| NBIX | A | -1.62% | |
| BPMC | A | -1.61% | |
| INCY | D | -1.51% | |
| RARE | D | -1.49% | |
| MRNA | A | -1.47% | |
| LGND | C | -1.46% | |
| ARWR | D | -1.45% | |
| BHVN | D | -1.42% | |
| PTCT | B | -1.4% | |
| FOLD | D | -1.38% | |
| AGIO | A | -1.37% | |
| APLS | F | -1.24% | |
| ALKS | F | -1.21% | |
| MYGN | C | -1.08% | |
| NTRA | A | -1.08% | |
| IOVA | C | -1.07% | |
| FGEN | F | -1.05% | |
| RGNX | D | -1.05% | |
| DCPH | A | -1.01% | |
| CHRS | F | -0.99% | |
| EBS | C | -0.96% | |
| CDNA | C | -0.93% | |
| HRTX | C | -0.84% | |
| INSM | D | -0.81% | |
| KPTI | F | -0.79% | |
| ESPR | D | -0.79% | |
| ALLK | F | -0.76% | |
| IRWD | F | -0.75% | |
| VCYT | D | -0.72% | |
| HALO | C | -0.71% | |
| FATE | D | -0.67% | |
| EDIT | F | -0.66% | |
| PBYI | D | -0.65% | |
| MDGL | D | -0.59% | |
| TGTX | B | -0.55% | |
| ADVM | F | -0.55% | |
| ALLO | F | -0.54% | |
| CPRX | C | -0.53% | |
| ANAB | B | -0.53% | |
| XNCR | B | -0.49% | |
| SGMO | F | -0.48% | |
| ENTA | D | -0.47% | |
| EGRX | F | -0.42% | |
| GTHX | A | -0.42% | |
| ATRA | F | -0.41% | |
| VKTX | B | -0.38% | |
| ANIK | A | -0.37% | |
| VNDA | B | -0.35% | |
| OPK | B | -0.35% | |
| VCEL | B | -0.34% | |
| TVTX | F | -0.33% | |
| KOD | D | -0.29% | |
| BBIO | D | -0.29% | |
| NTLA | F | -0.29% | |
| PGEN | C | -0.29% | |
| DNLI | F | -0.28% | |
| KRYS | C | -0.28% | |
| GOSS | F | -0.27% | |
| VYGR | D | -0.26% | |
| MGNX | D | -0.25% | |
| ALEC | D | -0.25% | |
| CYTK | D | -0.25% | |
| DVAX | D | -0.24% | |
| YMAB | B | -0.24% |
MRGR: Top Represented Industries & Keywords
LABD: Top Represented Industries & Keywords
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