PBE vs. MRGR ETF Comparison
Comparison of PowerShares Dynamic Biotech & Genome (PBE) to ProShares Merger ETF (MRGR)
PBE
PowerShares Dynamic Biotech & Genome
PBE Description
The PowerShares Dynamic Biotechnology & Genome Portfolio (Fund) is based on the Dynamic Biotech & Genome 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 biotechnology and genome companies. These are companies that are principally engaged in the research, development, manufacture and marketing and distribution of various biotechnological products, services and processes and companies that benefit significantly from scientific and technological advances biotechnology and genetic engineering and reseach. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.
Grade (RS Rating)
Last Trade
$63.56
Average Daily Volume
17,243
30
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
Performance
| Period | PBE | MRGR |
|---|---|---|
| 30 Days | 0.63% | -0.83% |
| 60 Days | -5.51% | -0.36% |
| 90 Days | -0.84% | 0.30% |
| 12 Months | 1.83% | 6.30% |
0 Overlapping Holdings
| Symbol | Grade | Weight in PBE | Weight in MRGR | Overlap |
|---|
PBE Overweight 30 Positions Relative to MRGR
| Symbol | Grade | Weight | |
|---|---|---|---|
| NBIX | A | 5.53% | |
| BMRN | F | 5.43% | |
| AMGN | B | 5.05% | |
| VRTX | C | 5.04% | |
| REGN | C | 5.01% | |
| GILD | F | 4.87% | |
| TECH | B | 4.74% | |
| BIIB | D | 4.61% | |
| MNKD | C | 3.3% | |
| EXEL | B | 3.22% | |
| COLL | B | 3.2% | |
| UTHR | A | 3.12% | |
| HALO | C | 3.09% | |
| TGTX | B | 3.08% | |
| CPRX | C | 3.05% | |
| BPMC | A | 2.89% | |
| ITCI | B | 2.87% | |
| CLDX | C | 2.8% | |
| PTCT | B | 2.79% | |
| QGEN | B | 2.79% | |
| DVAX | D | 2.73% | |
| IONS | D | 2.69% | |
| VCEL | B | 2.68% | |
| RGEN | D | 2.45% | |
| XENE | C | 2.42% | |
| MYGN | C | 2.26% | |
| VCYT | D | 2.26% | |
| FOLD | D | 2.23% | |
| ACAD | F | 1.92% | |
| EYPT | D | 1.81% |
PBE Underweight 27 Positions Relative to MRGR
| 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% |
PBE: Top Represented Industries & Keywords
MRGR: Top Represented Industries & Keywords
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