SBIO vs. MRGR ETF Comparison

Comparison of ALPS Medical Breakthroughs ETF (SBIO) to ProShares Merger ETF (MRGR)

SBIO

ALPS Medical Breakthroughs ETF

SBIO Description

The investment seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the Poliwogg Medical Breakthroughs IndexSM. The fund employs a "passive management" - or indexing - investment approach designed to track the performance of the underlying index. It will normally invest at least 80% of its net assets in securities that comprise the underlying index. The underlying index is comprised of small- and mid-cap stocks of biotechnology and pharmaceutical companies that have one or more drugs in either Phase II or Phase III U.S. Food and Drug Administration clinical trials. It is non-diversified.

Grade (RS Rating)

Last Trade

$31.86

Average Daily Volume

12,701

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

$40.06

Average Daily Volume

2,192

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SBIO	MRGR
30 Days	-7.69%	-0.62%
60 Days	-9.50%	-0.06%
90 Days	-0.75%	-0.15%
12 Months	6.94%	5.92%

2 Overlapping Holdings

	Symbol	Grade	Weight in SBIO	Weight in MRGR	Overlap
	CERE	B	5.04%	2.59%	2.59%
	INBX	D	1.1%	2.49%	1.1%

SBIO Overweight 82 Positions Relative to MRGR

Symbol	Grade	Weight
VKTX	B	4.79%
PCVX	D	4.53%
RVMD	A	4.01%
ALPN	A	2.84%
ALKS	F	2.67%
CRNX	B	2.28%
AXSM	D	2.19%
SWTX	C	2.15%
XENE	D	2.1%
IDYA	D	2.04%
ACLX	D	1.96%
ACAD	F	1.89%
IMCR	D	1.79%
SMMT	C	1.67%
CLDX	D	1.67%
CORT	F	1.63%
DNLI	F	1.62%
MRUS	D	1.57%
VERA	D	1.57%
RYTM	C	1.56%
VCEL	D	1.54%
ARVN	D	1.53%
NTLA	F	1.41%
KROS	D	1.4%
GLPG	F	1.31%
GERN	B	1.31%
RNA	A	1.28%
CPRX	B	1.23%
SNDX	D	1.22%
AGIO	A	1.09%
EWTX	D	1.04%
PTGX	C	1.02%
RCUS	F	0.97%
ZLAB	F	0.96%
KURA	D	0.95%
MORF	F	0.94%
FDMT	D	0.9%
TARS	B	0.88%
VRNA	F	0.88%
DAWN	B	0.86%
IRWD	D	0.83%
AKRO	F	0.82%
DCPH	D	0.81%
XNCR	F	0.78%
PRTA	F	0.77%
VIR	F	0.76%
MIRM	F	0.75%
MNKD	C	0.74%
MGNX	D	0.7%
LQDA	D	0.69%
VRDN	F	0.64%
BCRX	F	0.64%
MDXG	D	0.62%
ZNTL	F	0.61%
ETNB	F	0.59%
SPRY	B	0.59%
OPK	B	0.57%
PLRX	F	0.54%
ARCT	F	0.54%
IRON	F	0.49%
AUPH	F	0.49%
KNSA	C	0.47%
SVRA	D	0.47%
AVTE	D	0.44%
ALLO	F	0.4%
OLMA	F	0.4%
CMPS	F	0.38%
ANAB	F	0.38%
ALEC	F	0.34%
MLYS	D	0.33%
FULC	D	0.31%
TVTX	F	0.31%
REPL	F	0.3%
BMEA	F	0.29%
ITOS	F	0.27%
AURA	F	0.24%
AVXL	F	0.23%
ENTA	C	0.22%
INZY	F	0.2%
RAPT	F	0.19%
VNDA	A	0.16%
RPHM	D	0.04%

SBIO Underweight 24 Positions Relative to MRGR

Symbol	Grade	Weight
WRK	B	-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	D	-2.61%
DOOR	A	-2.59%
AEL	A	-2.56%
DFS	A	-2.54%
JNPR	D	-2.54%
AXNX	D	-2.54%
NS	C	-2.52%
CHX	B	-2.49%
CTLT	D	-2.43%
HA	D	-2.38%
HES	A	-2.38%
MGRC	D	-2.37%
X	D	-2.14%
CPRI	F	-1.83%

SBIO: Top Represented Industries & Keywords

Industries: Biotechnology Drug Manufacturers - Specialty & Generic Diagnostics & Research Drug Manufacturers - Major Medical Care Facilities Medical Devices