MRGR vs. PEJ ETF Comparison
Comparison of ProShares Merger ETF (MRGR) to PowerShares Dynamic Leisure & Entertainment Portfolio (PEJ)
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
$41.93
Average Daily Volume
815
28
PEJ
PowerShares Dynamic Leisure & Entertainment Portfolio
PEJ Description
The PowerShares Dynamic Leisure and Entertainment Portfolio (Fund) is based on the Dynamic Leisure & Entertainment IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 30 US leisure and entertainment companies. These are companies that are principally engaged in the design, production or distribution of goods or services in the leisure and entertainment industries. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.Grade (RS Rating)
Last Trade
$51.60
Average Daily Volume
47,458
25
Performance
| Period | MRGR | PEJ |
|---|---|---|
| 30 Days | -0.29% | 4.94% |
| 60 Days | 0.68% | 10.95% |
| 90 Days | 1.28% | 15.36% |
| 12 Months | 7.25% | 33.13% |
0 Overlapping Holdings
| Symbol | Grade | Weight in MRGR | Weight in PEJ | Overlap |
|---|
MRGR Overweight 28 Positions Relative to PEJ
| Symbol | Grade | Weight | |
|---|---|---|---|
| HTLF | A | 3.58% | |
| DFS | A | 3.13% | |
| IBTX | A | 3.04% | |
| SASR | A | 2.78% | |
| EDR | A | 2.49% | |
| INFN | C | 2.47% | |
| ANSS | B | 2.42% | |
| LBPH | A | 2.4% | |
| SMAR | A | 2.39% | |
| EVRI | A | 2.39% | |
| B | A | 2.38% | |
| ATSG | A | 2.38% | |
| NAPA | A | 2.38% | |
| ALTR | B | 2.37% | |
| ZUO | A | 2.36% | |
| RCM | A | 2.34% | |
| ENV | B | 2.34% | |
| K | B | 2.34% | |
| INST | B | 2.33% | |
| JNPR | D | 2.32% | |
| HCP | B | 2.31% | |
| ALE | A | 2.29% | |
| AXNX | A | 2.27% | |
| CTLT | C | 2.22% | |
| MRO | A | 2.22% | |
| SPR | D | 2.05% | |
| RVNC | F | 2.04% | |
| CHX | C | 1.78% |
MRGR Underweight 25 Positions Relative to PEJ
| Symbol | Grade | Weight | |
|---|---|---|---|
| RCL | A | -5.89% | |
| LYV | A | -5.73% | |
| BKNG | A | -5.66% | |
| HLT | A | -4.96% | |
| FOXA | A | -4.87% | |
| WBD | B | -4.54% | |
| SYY | D | -4.44% | |
| EAT | A | -3.88% | |
| SKYW | A | -3.57% | |
| EXPE | A | -2.92% | |
| TRIP | D | -2.86% | |
| TXRH | A | -2.81% | |
| MMYT | C | -2.78% | |
| USFD | B | -2.69% | |
| MCRI | A | -2.66% | |
| ARMK | C | -2.64% | |
| CNK | A | -2.62% | |
| MSGS | B | -2.58% | |
| CHDN | C | -2.57% | |
| H | B | -2.47% | |
| RRR | D | -2.42% | |
| ACEL | B | -2.39% | |
| LTH | D | -2.35% | |
| LGF.A | F | -2.2% | |
| WING | F | -1.86% |
MRGR: Top Represented Industries & Keywords
PEJ: Top Represented Industries & Keywords
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