VIS vs. MRGR ETF Comparison

Comparison of Vanguard Industrials ETF - DNQ (VIS) to ProShares Merger ETF (MRGR)

VIS

Vanguard Industrials ETF - DNQ

VIS Description

The investment seeks to track the performance of a benchmark index. The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Index (IMI)/Industrials 25/50, an index made up of stocks of large, mid-size, and small U.S. companies within the industrials sector, as classified under the Global Industry Classification Standard (GICS). It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$242.95

Average Daily Volume

81,050

Number of Holdings ^*

367

* 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

$39.97

Average Daily Volume

1,037

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VIS	MRGR
30 Days	0.22%	-1.14%
60 Days	3.14%	-1.04%
90 Days	7.71%	0.13%
12 Months	31.02%	6.39%

4 Overlapping Holdings

Symbol	Grade	Weight in VIS	Weight in MRGR	Overlap
DOOR	A	0.05%	2.51%	0.05%
HA	D	0.01%	2.17%	0.01%
MGRC	D	0.06%	2.14%	0.06%
WIRE	C	0.08%	2.41%	0.08%

VIS Overweight 363 Positions Relative to MRGR

Symbol	Grade	Weight
GE	A	3.7%
CAT	C	3.61%
UNP	C	2.9%
UBER	D	2.76%
RTX	A	2.71%
HON	C	2.62%
ETN	A	2.42%
BA	F	2.15%
DE	B	2.11%
UPS	D	2.08%
ADP	C	1.99%
LMT	A	1.97%
WM	A	1.66%
ITW	D	1.46%
CSX	D	1.42%
PH	A	1.38%
NOC	C	1.33%
FDX	D	1.33%
TDG	A	1.32%
TT	A	1.32%
GD	A	1.27%
EMR	A	1.25%
PCAR	D	1.25%
CTAS	A	1.21%
MMM	B	1.13%
NSC	D	1.12%
CPRT	D	0.97%
URI	C	0.95%
CARR	A	0.91%
GWW	D	0.88%
WCN	D	0.86%
JCI	B	0.86%
FAST	D	0.85%
ODFL	D	0.83%
RSG	C	0.82%
AME	D	0.82%
CMI	B	0.81%
OTIS	D	0.79%
LHX	A	0.78%
PAYX	C	0.77%
IR	D	0.74%
PWR	A	0.73%
VRSK	B	0.66%
ROK	F	0.65%
EFX	D	0.64%
DAL	A	0.6%
XYL	A	0.6%
FTV	D	0.58%
VRT	A	0.57%
HWM	A	0.52%
BLDR	D	0.5%
WAB	A	0.5%
DOV	A	0.48%
BR	D	0.47%
HUBB	C	0.43%
AXON	C	0.43%
VLTO	A	0.4%
J	D	0.38%
CSL	A	0.37%
BAH	A	0.37%
IEX	D	0.36%
TXT	D	0.36%
LUV	F	0.34%
EXPD	D	0.34%
MAS	D	0.34%
LDOS	A	0.33%
JBHT	F	0.32%
EME	A	0.32%
GGG	D	0.31%
TRU	B	0.3%
SAIA	F	0.3%
SNA	D	0.3%
LII	C	0.3%
UAL	B	0.3%
OC	A	0.29%
NDSN	A	0.29%
SWK	F	0.29%
SSNC	C	0.28%
LECO	D	0.28%
WSO	A	0.28%
PNR	B	0.27%
XPO	D	0.27%
ACM	D	0.26%
ROL	A	0.26%
NVT	A	0.24%
ALLE	D	0.23%
RRX	D	0.23%
WMS	C	0.23%
ITT	A	0.22%
FIX	A	0.22%
HEI	A	0.22%
HII	D	0.22%
PAYC	F	0.21%
TREX	D	0.21%
CNM	B	0.21%
AOS	C	0.21%
CLH	A	0.2%
CW	A	0.19%
DAY	F	0.19%
TTEK	A	0.19%
AAL	C	0.19%
WWD	A	0.18%
BWXT	D	0.18%
TTC	D	0.18%
KBR	B	0.17%
MIDD	F	0.17%
SSD	D	0.17%
KNX	D	0.17%
CHRW	C	0.17%
WSC	F	0.17%
DCI	A	0.17%
OSK	C	0.16%
AYI	C	0.16%
RHI	D	0.16%
CACI	A	0.16%
HEI	A	0.16%
UFPI	C	0.15%
AIT	C	0.15%
PCTY	F	0.15%
GNRC	B	0.15%
AGCO	D	0.15%
RBC	C	0.15%
WCC	B	0.15%
SITE	D	0.15%
GTLS	B	0.14%
ATKR	D	0.14%
APG	D	0.14%
FLR	D	0.14%
MSA	C	0.14%
ALSN	D	0.14%
FCN	B	0.14%
UHAL	B	0.13%
AZEK	D	0.13%
LYFT	D	0.13%
SAIC	B	0.13%
LSTR	D	0.13%
FLS	A	0.12%
BCC	D	0.12%
AAON	D	0.12%
HXL	C	0.12%
ESAB	B	0.12%
GXO	C	0.12%
AWI	D	0.11%
ALK	B	0.11%
TKR	B	0.11%
ST	B	0.11%
CWST	C	0.11%
KEX	A	0.11%
WTS	B	0.11%
MLI	A	0.11%
MTZ	B	0.11%
BECN	C	0.11%
ZWS	C	0.1%
ASGN	D	0.1%
MMS	C	0.1%
FSS	A	0.1%
EXLS	C	0.1%
R	A	0.1%
AL	C	0.1%
GATX	C	0.09%
MOG.A	A	0.09%
HRI	D	0.09%
VMI	B	0.09%
MDU	A	0.09%
SRCL	D	0.09%
NSP	C	0.08%
MATX	B	0.08%
VRRM	A	0.08%
BCO	A	0.08%
SPR	D	0.08%
EXPO	B	0.08%
ACA	A	0.08%
FELE	C	0.08%
DY	A	0.08%
AVAV	A	0.08%
TEX	C	0.08%
TNET	F	0.08%
MSM	D	0.08%
NPO	D	0.07%
ARCB	F	0.07%
STRL	B	0.07%
KFY	C	0.07%
PSN	D	0.07%
CBZ	C	0.07%
HI	D	0.07%
ALIT	F	0.07%
CSWI	B	0.07%
GMS	B	0.07%
MAN	B	0.07%
ENS	B	0.07%
KAI	D	0.07%
ICFI	C	0.06%
RUN	D	0.06%
CNXC	F	0.06%
GFF	C	0.06%
AIN	D	0.06%
MYRG	D	0.06%
GTES	D	0.06%
REZI	C	0.06%
RUSHA	D	0.06%
JBT	F	0.06%
WERN	F	0.05%
VSTS	F	0.05%
ROAD	C	0.05%
ROCK	D	0.05%
ALG	D	0.05%
JBLU	D	0.05%
GVA	A	0.05%
MWA	A	0.05%
RXO	C	0.05%
ACVA	D	0.05%
UNF	D	0.05%
DNB	C	0.05%
BRC	B	0.05%
KTOS	B	0.05%
HUBG	B	0.05%
ESE	B	0.05%
ABM	B	0.05%
SKYW	B	0.05%
HURN	F	0.04%
JOBY	D	0.04%
KAR	B	0.04%
PLUG	F	0.04%
KMT	B	0.04%
SHLS	F	0.04%
EPAC	B	0.04%
AZZ	C	0.04%
HEES	F	0.04%
HNI	A	0.04%
JBI	D	0.04%
AIR	B	0.04%
TRN	A	0.04%
TNC	D	0.04%
SXI	C	0.04%
CAR	D	0.04%
CLVT	F	0.04%
ARRY	F	0.04%
BE	C	0.04%
PRIM	B	0.04%
HAYW	C	0.04%
LNN	C	0.03%
APOG	A	0.03%
KFRC	D	0.03%
POWL	B	0.03%
WNC	F	0.03%
PYCR	F	0.03%
NVEE	D	0.03%
HLIO	B	0.03%
UPWK	D	0.03%
CMPR	D	0.03%
CSGS	F	0.03%
MRCY	D	0.03%
DNOW	C	0.03%
GBX	B	0.03%
AMWD	D	0.03%
CXW	C	0.03%
GEO	C	0.03%
B	B	0.03%
MLKN	D	0.03%
JELD	F	0.03%
KELYA	D	0.02%
AMRC	D	0.02%
FWRD	F	0.02%
VVI	D	0.02%
CDRE	D	0.02%
GNK	B	0.02%
FA	C	0.02%
BBSI	B	0.02%
GIC	F	0.02%
VICR	F	0.02%
GRC	D	0.02%
ACHR	F	0.02%
DLX	A	0.02%
ERII	F	0.02%
MATW	D	0.02%
PRLB	F	0.02%
HCSG	D	0.02%
ASTE	F	0.02%
HTZ	F	0.02%
TILE	C	0.02%
SP	D	0.02%
IESC	A	0.02%
TRNS	A	0.02%
DRVN	F	0.02%
MRC	B	0.02%
CRAI	A	0.02%
VSEC	C	0.02%
FLNC	D	0.02%
RKLB	D	0.02%
THR	A	0.02%
SCS	C	0.02%
MEG	C	0.02%
MRTN	F	0.02%
REVG	A	0.02%
BXC	D	0.02%
ENVX	D	0.02%
NKLA	F	0.02%
TGI	C	0.02%
KAMN	A	0.02%
ALGT	F	0.02%
BLBD	B	0.02%
SNDR	D	0.02%
CMCO	A	0.02%
NX	D	0.02%
SPWR	F	0.01%
ALTG	F	0.01%
LXFR	B	0.01%
EAF	D	0.01%
ULH	A	0.01%
STEM	F	0.01%
PLPC	D	0.01%
ULCC	D	0.01%
TBI	F	0.01%
SHYF	C	0.01%
DSGR	B	0.01%
RGP	F	0.01%
LQDT	B	0.01%
EGLE	B	0.01%
NPK	A	0.01%
FC	D	0.01%
HDSN	F	0.01%
SRCL	D	0.01%
MTW	F	0.01%
BV	B	0.01%
TITN	D	0.01%
PL	D	0.01%
HY	A	0.01%
SAVE	F	0.01%
ACCO	F	0.01%
FCEL	F	0.01%
PLOW	C	0.01%
CNDT	B	0.01%
SPCE	F	0.01%
HTLD	D	0.01%
GLDD	C	0.01%
DDD	F	0.01%
TPC	A	0.01%
AGX	A	0.01%
XMTR	F	0.01%
TWI	F	0.01%
SNCY	F	0.01%
HSII	C	0.01%
DCO	B	0.01%
PBI	B	0.01%
CHPT	F	0.01%
ATSG	C	0.01%
NVRI	C	0.01%
IIIN	D	0.01%
DXPE	C	0.01%
OSPN	B	0.0%
TPIC	C	0.0%
PTSI	C	0.0%
NRGV	F	0.0%
BLDE	B	0.0%
SES	F	0.0%
BLNK	D	0.0%
TTEC	F	0.0%
FREY	D	0.0%
DM	F	0.0%
ASLE	D	0.0%
TASK	B	0.0%
SMR	C	0.0%
FORR	F	0.0%

VIS Underweight 27 Positions Relative to MRGR

Symbol	Grade	Weight
WRK	A	-3.16%
EVBG	B	-3.04%
ETRN	B	-2.88%
PXD	B	-2.69%
NS	D	-2.61%
SWAV	A	-2.54%
EDR	A	-2.53%
FUSN	A	-2.53%
CERE	C	-2.52%
MODN	B	-2.51%
ALPN	A	-2.51%
AIRC	A	-2.51%
AMK	D	-2.48%
HIBB	A	-2.48%
AEL	A	-2.48%
HCP	B	-2.46%
DFS	C	-2.46%
ANSS	D	-2.44%
SLCA	B	-2.41%
AXNX	D	-2.4%
HES	B	-2.35%
INBX	D	-2.34%
JNPR	D	-2.31%
CTLT	D	-2.31%
CHX	D	-2.13%
X	D	-1.84%
CPRI	F	-1.57%