MRGR vs. MNA ETF Comparison
Comparison of ProShares Merger ETF (MRGR) to IQ Merger Arbitrage ETF (MNA)
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
$42.15
Average Daily Volume
679
29
MNA
IQ Merger Arbitrage ETF
MNA Description
The investment seeks investment results that correspond generally to the price and yield performance of its underlying index, the IQ Merger Arbitrage Index. The fund employs a "passive management" to track the performance of the underlying index, which was developed by Financial Development Holdco LLC ("IndexIQ"). The underlying index seeks to employ a systematic investment process designed to identify opportunities in companies whose equity securities trade in developed markets, including the U.S., and which are involved in announced mergers, acquisitions and other buyout-related transactions. It is non-diversified.Grade (RS Rating)
Last Trade
$32.83
Average Daily Volume
52,891
44
Performance
| Period | MRGR | MNA |
|---|---|---|
| 30 Days | 0.52% | -0.36% |
| 60 Days | 1.59% | 0.31% |
| 90 Days | 3.01% | 2.05% |
| 12 Months | 8.21% | 5.88% |
21 Overlapping Holdings
| Symbol | Grade | Weight in MRGR | Weight in MNA | Overlap | |
|---|---|---|---|---|---|
| ALE | A | 2.29% | 2.67% | 2.29% | |
| AXNX | A | 2.27% | 2.38% | 2.27% | |
| CTLT | D | 2.21% | 5.72% | 2.21% | |
| DFS | A | 2.57% | 7.23% | 2.57% | |
| ENV | A | 2.34% | 2.57% | 2.34% | |
| EVRI | A | 2.39% | 1.58% | 1.58% | |
| HCP | A | 2.29% | 4.32% | 2.29% | |
| HTLF | A | 3.12% | 1.08% | 1.08% | |
| IBTX | B | 2.79% | 1.82% | 1.82% | |
| INFN | B | 2.54% | 1.75% | 1.75% | |
| INST | A | 2.33% | 2.62% | 2.33% | |
| JNPR | A | 2.33% | 5.11% | 2.33% | |
| K | A | 2.36% | 2.46% | 2.36% | |
| MRO | C | 2.06% | 3.25% | 2.06% | |
| PETQ | A | 2.35% | 0.85% | 0.85% | |
| RCM | A | 2.34% | 2.0% | 2.0% | |
| RVNC | C | 1.87% | 0.4% | 0.4% | |
| SMAR | A | 2.41% | 3.2% | 2.41% | |
| SPR | C | 2.11% | 2.13% | 2.11% | |
| SRCL | A | 2.32% | 1.46% | 1.46% | |
| SRCL | A | 2.32% | 2.81% | 2.32% |
MRGR Underweight 23 Positions Relative to MNA
| Symbol | Grade | Weight | |
|---|---|---|---|
| FYBR | A | -3.74% | |
| SHV | A | -3.27% | |
| BALY | A | -2.75% | |
| AY | A | -2.08% | |
| VZIO | C | -1.33% | |
| FBMS | B | -1.04% | |
| AGS | A | -0.83% | |
| HAYN | A | -0.75% | |
| PFC | A | -0.55% | |
| GATO | B | -0.51% | |
| CFB | D | -0.37% | |
| PGRU | A | -0.35% | |
| SRDX | D | -0.26% | |
| CLF | C | --0.26% | |
| BUSE | D | --0.38% | |
| FA | D | --0.46% | |
| WSBC | A | --0.56% | |
| RNST | B | --1.05% | |
| UMBF | A | --1.1% | |
| SSB | B | --1.83% | |
| BA | F | --1.85% | |
| IP | A | --3.56% | |
| COF | A | --7.9% |
MRGR: Top Represented Industries & Keywords
MNA: Top Represented Industries & Keywords
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