MRGR vs. ODDS ETF Comparison
Comparison of ProShares Merger ETF (MRGR) to Pacer BlueStar Digital Entertainment ETF (ODDS)
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
$41.90
Average Daily Volume
792
29
ODDS
Pacer BlueStar Digital Entertainment ETF
ODDS Description
The fund employs a “passive management” investment approach designed to track the total return performance of the index. The index is a rules-based index that consists of globally-listed stocks and depositary receipts of digital entertainment companies. Under normal circumstances, at least 80% of the fund’s net assets (plus any borrowings for investment purposes) will be invested in companies that derive at least 50% of their revenues from Digital Entertainment. The fund is non-diversified.Grade (RS Rating)
Last Trade
$26.08
Average Daily Volume
309
16
Performance
| Period | MRGR | ODDS |
|---|---|---|
| 30 Days | -0.54% | 8.86% |
| 60 Days | 0.17% | 9.37% |
| 90 Days | 1.33% | 13.09% |
| 12 Months | 7.05% | 34.51% |
1 Overlapping Holdings
| Symbol | Grade | Weight in MRGR | Weight in ODDS | Overlap | |
|---|---|---|---|---|---|
| EVRI | A | 2.42% | 1.3% | 1.3% |
MRGR Overweight 28 Positions Relative to ODDS
| Symbol | Grade | Weight | |
|---|---|---|---|
| HTLF | B | 3.58% | |
| DFS | B | 3.14% | |
| IBTX | B | 3.02% | |
| SASR | B | 2.81% | |
| EDR | A | 2.53% | |
| INFN | D | 2.5% | |
| LBPH | A | 2.43% | |
| NAPA | A | 2.42% | |
| B | A | 2.41% | |
| SMAR | A | 2.41% | |
| ROIC | A | 2.41% | |
| ALTR | B | 2.4% | |
| ATSG | A | 2.4% | |
| ZUO | B | 2.39% | |
| K | A | 2.37% | |
| RCM | A | 2.37% | |
| ENV | B | 2.37% | |
| CDMO | A | 2.36% | |
| ANSS | B | 2.32% | |
| ALE | A | 2.31% | |
| HCP | B | 2.3% | |
| MRO | A | 2.28% | |
| LBRDK | C | 2.25% | |
| CTLT | D | 2.2% | |
| JNPR | D | 2.14% | |
| SPR | D | 2.11% | |
| CHX | C | 1.8% | |
| RVNC | F | 1.42% |
MRGR: Top Represented Industries & Keywords
ODDS: Top Represented Industries & Keywords
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