OFOS vs. MARB ETF Comparison
Comparison of Range Global Offshore Oil Services Index ETF (OFOS) to First Trust Merger Arbitrage ETF (MARB)
OFOS
Range Global Offshore Oil Services Index ETF
OFOS Description
The index is designed to track the performance of companies that are involved in the offshore oil services ecosystem, particularly in the areas of production, exploration, development, transportation, and distribution. Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in securities of offshore oil companies. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$26.20
Average Daily Volume
2,947
7
MARB
First Trust Merger Arbitrage ETF
MARB Description
The investment seeks to provide investors with capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objective by establishing long and short positions in the equity securities of companies that are involved in a publicly-announced significant corporate event, such as a merger or acquisition. It's portfolio may include equity securities issued by U.S. and non-U.S. companies, including American Depositary Receipts (ADRs), and derivatives, including total return swaps. The fund may invest in securities issued by small, mid and large capitalization issuers. It is non-diversified.Grade (RS Rating)
Last Trade
$19.58
Average Daily Volume
25,265
23
Performance
| Period | OFOS | MARB |
|---|---|---|
| 30 Days | -8.72% | -1.21% |
| 60 Days | 2.25% | -0.81% |
| 90 Days | 8.29% | -0.56% |
| 12 Months | -0.68% |
0 Overlapping Holdings
| Symbol | Grade | Weight in OFOS | Weight in MARB | Overlap |
|---|
OFOS Underweight 23 Positions Relative to MARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| PXD | A | -5.82% | |
| ACI | D | -4.96% | |
| AMED | D | -4.57% | |
| AXNX | B | -3.96% | |
| ANSS | D | -3.6% | |
| X | F | -3.53% | |
| HES | A | -3.48% | |
| JNPR | C | -3.3% | |
| DFS | B | -3.26% | |
| CERE | A | -3.05% | |
| CTLT | C | -2.98% | |
| VZIO | C | -2.93% | |
| NS | C | -2.46% | |
| LBAI | B | -2.39% | |
| NWLI | A | -2.09% | |
| SP | A | -1.53% | |
| CPRI | F | -1.44% | |
| SNPS | D | --2.02% | |
| PFS | B | --2.45% | |
| SUN | D | --2.47% | |
| CVX | A | --3.65% | |
| COF | A | --3.86% | |
| XOM | B | --6.25% |
OFOS: Top Represented Industries & Keywords
MARB: Top Represented Industries & Keywords
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