PXJ vs. MRGR ETF Comparison
Comparison of PowerShares Dynamic Oil Services (PXJ) to ProShares Merger ETF (MRGR)
PXJ
PowerShares Dynamic Oil Services
PXJ Description
The PowerShares Dynamic Oil & Gas Services Portfolio (Fund) is based on the Dynamic Oil & Gas Services 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 composed of stocks of 30 U.S. companies that assist in the production, processing and distribution of oil and gas. The Underlying Intellidex Index may include companies that are engaged in the drilling of oil and gas wells; manufacturing oil and gas field machinery and equipment; or providing services to the oil and gas industry, such as well analysis, platform and pipeline engineering and construction, logistics and transportation services, oil and gas well emergency management and geophysical data acquisition and processing. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.
Grade (RS Rating)
Last Trade
$31.68
Average Daily Volume
18,655
29
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
$39.87
Average Daily Volume
1,937
26
Performance
| Period | PXJ | MRGR |
|---|---|---|
| 30 Days | -0.10% | -1.17% |
| 60 Days | 8.71% | -0.61% |
| 90 Days | 8.45% | -0.70% |
| 12 Months | 32.35% | 5.33% |
1 Overlapping Holdings
| Symbol | Grade | Weight in PXJ | Weight in MRGR | Overlap | |
|---|---|---|---|---|---|
| CHX | B | 5.63% | 2.49% | 2.49% |
PXJ Overweight 28 Positions Relative to MRGR
| Symbol | Grade | Weight | |
|---|---|---|---|
| FTI | A | 5.82% | |
| WFRD | A | 5.24% | |
| BKR | B | 5.09% | |
| HAL | B | 5.07% | |
| VAL | D | 5.05% | |
| SLB | F | 4.85% | |
| RIG | B | 3.22% | |
| GLNG | A | 2.91% | |
| LPG | A | 2.87% | |
| HLX | B | 2.83% | |
| AROC | A | 2.8% | |
| ACDC | C | 2.79% | |
| WHD | A | 2.75% | |
| OII | B | 2.69% | |
| RES | A | 2.67% | |
| HP | A | 2.66% | |
| STNG | A | 2.65% | |
| LBRT | A | 2.62% | |
| INSW | A | 2.61% | |
| ECO | B | 2.57% | |
| DHT | B | 2.54% | |
| USAC | D | 2.54% | |
| PUMP | B | 2.52% | |
| TNK | B | 2.5% | |
| XPRO | B | 2.47% | |
| NVGS | D | 2.47% | |
| PTEN | D | 2.45% | |
| NAT | F | 2.27% |
PXJ Underweight 25 Positions Relative to MRGR
| Symbol | Grade | Weight | |
|---|---|---|---|
| WRK | A | -3.29% | |
| EVBG | A | -3.2% | |
| ETRN | A | -2.87% | |
| PXD | A | -2.83% | |
| EDR | A | -2.65% | |
| FUSN | A | -2.64% | |
| SWAV | A | -2.64% | |
| MODN | B | -2.63% | |
| AIRC | A | -2.63% | |
| MDC | A | -2.61% | |
| ANSS | C | -2.61% | |
| CERE | C | -2.59% | |
| DOOR | A | -2.59% | |
| AEL | A | -2.56% | |
| DFS | A | -2.54% | |
| JNPR | D | -2.54% | |
| AXNX | C | -2.54% | |
| NS | C | -2.52% | |
| INBX | D | -2.49% | |
| CTLT | D | -2.43% | |
| HA | D | -2.38% | |
| HES | A | -2.38% | |
| MGRC | D | -2.37% | |
| X | F | -2.14% | |
| CPRI | F | -1.83% |
PXJ: Top Represented Industries & Keywords
MRGR: Top Represented Industries & Keywords
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