XBI vs. MRGR ETF Comparison

Comparison of SPDR S&P Biotech ETF (XBI) to ProShares Merger ETF (MRGR)

XBI

SPDR S&P Biotech ETF

XBI Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the biotechnology segment of a U.S. total market composite index. In seeking to track the performance of the S&P Biotechnology Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the biotechnology industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$88.98

Average Daily Volume

11,253,437

Number of Holdings ^*

125

* 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	XBI	MRGR
30 Days	-2.90%	-1.14%
60 Days	-10.08%	-1.04%
90 Days	-2.26%	0.13%
12 Months	1.97%	6.39%

3 Overlapping Holdings

Symbol	Grade	Weight in XBI	Weight in MRGR	Overlap
ALPN	A	1.82%	2.51%	1.82%
CERE	B	1.14%	2.52%	1.14%
INBX	D	0.83%	2.34%	0.83%

XBI Overweight 122 Positions Relative to MRGR

Symbol	Grade	Weight
RVMD	B	1.32%
PTCT	C	1.2%
MRNA	B	1.19%
GERN	B	1.18%
VKTX	B	1.17%
CRNX	A	1.17%
SRPT	B	1.16%
NTRA	B	1.16%
UTHR	B	1.15%
NBIX	B	1.13%
BPMC	A	1.13%
AMGN	B	1.11%
EXAS	F	1.1%
ALNY	D	1.1%
RYTM	D	1.09%
EXEL	F	1.08%
BMRN	F	1.07%
DYN	D	1.07%
VRTX	C	1.07%
IONS	F	1.07%
CYTK	D	1.06%
BIIB	C	1.06%
TGTX	C	1.04%
HALO	C	1.03%
KRYS	D	1.02%
REGN	C	1.02%
BBIO	F	1.02%
SWTX	D	1.01%
INSM	D	1.01%
IRWD	F	1.0%
IMVT	F	0.99%
IDYA	D	0.99%
ABBV	D	0.99%
DVAX	D	0.98%
SNDX	D	0.98%
INCY	D	0.97%
VCEL	C	0.97%
GILD	F	0.96%
PCVX	C	0.96%
RARE	F	0.94%
NVAX	F	0.94%
FOLD	F	0.93%
TWST	B	0.93%
KYMR	C	0.92%
NUVL	D	0.92%
MDGL	D	0.91%
ALKS	F	0.9%
CLDX	D	0.9%
VERA	C	0.89%
CPRX	D	0.89%
RCKT	D	0.89%
AGIO	B	0.89%
ARQT	D	0.87%
IOVA	D	0.87%
BCRX	D	0.86%
ARDX	C	0.84%
DNLI	D	0.84%
KROS	D	0.83%
RXRX	F	0.82%
MIRM	F	0.82%
APLS	F	0.82%
NTLA	F	0.82%
ACAD	F	0.8%
ACLX	D	0.79%
PRTA	F	0.78%
KURA	D	0.76%
ARWR	F	0.76%
ALT	D	0.75%
CRSP	F	0.75%
MORF	F	0.74%
VCYT	F	0.74%
PTGX	D	0.73%
AKRO	F	0.71%
VRDN	F	0.68%
MGNX	D	0.66%
XNCR	B	0.66%
BMEA	F	0.66%
DCPH	A	0.66%
CCCC	D	0.65%
BEAM	F	0.64%
RCUS	F	0.63%
SRRK	D	0.62%
RNA	B	0.62%
SAGE	F	0.62%
COGT	C	0.59%
MYGN	A	0.58%
SANA	B	0.57%
ADMA	A	0.55%
CABA	F	0.53%
EDIT	F	0.53%
ARCT	F	0.52%
REPL	F	0.5%
CDMO	C	0.48%
ETNB	F	0.48%
FDMT	D	0.47%
VIR	F	0.46%
TVTX	F	0.43%
DAWN	B	0.41%
CDNA	C	0.4%
ZNTL	F	0.4%
MNKD	D	0.38%
SMMT	B	0.37%
OLMA	F	0.37%
RLAY	F	0.37%
FATE	F	0.36%
RGNX	F	0.35%
IRON	F	0.35%
CGEM	B	0.33%
KNSA	B	0.33%
NRIX	C	0.33%
VERV	F	0.31%
AVXL	F	0.3%
ANAB	B	0.28%
ALLO	F	0.27%
MDXG	D	0.25%
CRBU	F	0.24%
ALEC	F	0.17%
MRSN	D	0.15%
VYGR	D	0.12%
ORIC	D	0.12%
SPRY	C	0.12%
RCEL	F	0.05%

XBI Underweight 28 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%
MODN	B	-2.51%
DOOR	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%
WIRE	B	-2.41%
SLCA	B	-2.41%
AXNX	C	-2.4%
HES	B	-2.35%
JNPR	D	-2.31%
CTLT	D	-2.31%
HA	D	-2.17%
MGRC	D	-2.14%
CHX	D	-2.13%
X	D	-1.84%
CPRI	F	-1.57%

XBI: Top Represented Industries & Keywords

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