PTH vs. MRGR ETF Comparison

Comparison of Invesco DWA Healthcare Momentum ETF (PTH) to ProShares Merger ETF (MRGR)

PTH

Invesco DWA Healthcare Momentum ETF

PTH Description

The PowerShares Dynamic Healthcare Sector Portfolio (Fund) is based on the Dynamic Healthcare Sector 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 thoroughly evaluates 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 60 US health care companies. These are companies that are principally engaged in the business of providing health care-related products and services, including biotechnology, pharmaceuticals, medical technology and supplies, and facilities. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$42.40

Average Daily Volume

12,634

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$39.82

Average Daily Volume

1,007

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PTH	MRGR
30 Days	4.95%	-0.64%
60 Days	-0.02%	-0.45%
90 Days	-3.99%	-0.40%
12 Months	6.76%	7.12%

1 Overlapping Holdings

	Symbol	Grade	Weight in PTH	Weight in MRGR	Overlap
	ALPN	A	4.21%	2.54%	2.54%

PTH Overweight 49 Positions Relative to MRGR

Symbol	Grade	Weight
LLY	B	5.03%
IDXX	C	4.49%
MEDP	D	4.4%
THC	B	3.85%
NTRA	A	2.81%
REGN	C	2.75%
VERA	D	2.74%
RNA	C	2.63%
DVA	C	2.5%
MOH	F	2.5%
ABBV	D	2.37%
IDYA	D	2.2%
ARQT	D	2.03%
MDGL	D	1.99%
KRYS	D	1.82%
RDNT	B	1.73%
DYN	C	1.69%
LQDA	D	1.67%
ENSG	D	1.64%
PCVX	C	1.57%
MRUS	C	1.57%
CRNX	A	1.56%
GKOS	B	1.56%
BPMC	C	1.44%
VCEL	C	1.43%
OCUL	D	1.34%
KURA	C	1.32%
NUVL	D	1.31%
ITCI	D	1.21%
ADMA	B	1.14%
UFPT	B	1.14%
SWTX	D	1.09%
HIMS	D	1.08%
KROS	D	1.03%
FATE	D	1.03%
CRVL	A	0.96%
BKD	C	0.95%
SILK	C	0.95%
LFMD	D	0.91%
LMAT	B	0.9%
COLL	D	0.81%
ANIP	D	0.81%
EOLS	C	0.77%
ANNX	F	0.73%
IMNM	F	0.72%
FULC	D	0.72%
ORIC	F	0.69%
AQST	F	0.56%
MRSN	F	0.49%

PTH Underweight 28 Positions Relative to MRGR

Symbol	Grade	Weight
WRK	B	-3.44%
EVBG	D	-3.07%
ETRN	B	-2.96%
HTLF	B	-2.68%
SWAV	A	-2.57%
FUSN	A	-2.55%
EDR	A	-2.55%
MODN	C	-2.54%
AIRC	A	-2.54%
DOOR	A	-2.53%
HIBB	B	-2.52%
ANSS	D	-2.5%
CERE	B	-2.5%
DCPH	A	-2.5%
AMK	D	-2.49%
HCP	C	-2.49%
DFS	C	-2.48%
SLCA	C	-2.45%
WIRE	B	-2.43%
AXNX	D	-2.43%
HES	C	-2.38%
INBX	D	-2.37%
CTLT	D	-2.33%
JNPR	D	-2.31%
HA	C	-2.26%
MGRC	F	-2.22%
CHX	D	-2.2%
X	F	-1.93%