XES vs. MRGR ETF Comparison
Comparison of SPDR S&P Oil & Gas Equipment & Services ETF (XES) to ProShares Merger ETF (MRGR)
XES
SPDR S&P Oil & Gas Equipment & Services ETF
XES 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 oil and gas equipment and services segment of a U.S. total market composite index. In seeking to track the performance of the S&P Oil & Gas Equipment & Services Select Industry 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 oil and gas equipment and services industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.
Grade (RS Rating)
Last Trade
$91.51
Average Daily Volume
87,259
32
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
$40.08
Average Daily Volume
1,334
31
Performance
| Period | XES | MRGR |
|---|---|---|
| 30 Days | -6.38% | -0.70% |
| 60 Days | 6.82% | -0.76% |
| 90 Days | 15.51% | 0.40% |
| 12 Months | 29.77% | 6.19% |
XES Overweight 30 Positions Relative to MRGR
| Symbol | Grade | Weight | |
|---|---|---|---|
| FTI | B | 4.67% | |
| WFRD | B | 4.62% | |
| TDW | B | 4.56% | |
| WHD | B | 4.36% | |
| RIG | F | 4.29% | |
| NOV | C | 4.24% | |
| BKR | D | 4.2% | |
| AROC | B | 4.19% | |
| LBRT | B | 4.15% | |
| HAL | F | 4.15% | |
| VAL | C | 4.05% | |
| HP | F | 4.03% | |
| SLB | F | 3.78% | |
| HLX | B | 3.7% | |
| PTEN | F | 3.63% | |
| NBR | F | 3.32% | |
| OII | B | 3.14% | |
| DO | C | 2.92% | |
| PUMP | B | 2.62% | |
| XPRO | B | 2.6% | |
| AESI | B | 2.19% | |
| RES | F | 1.93% | |
| CLB | F | 1.3% | |
| WTTR | B | 1.15% | |
| TTI | F | 1.07% | |
| NR | B | 0.91% | |
| DRQ | F | 0.68% | |
| BOOM | F | 0.67% | |
| OIS | F | 0.54% | |
| VTOL | B | 0.51% |
XES Underweight 29 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 | B | -2.52% | |
| MODN | B | -2.51% | |
| ALPN | A | -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 | B | -2.46% | |
| ANSS | D | -2.44% | |
| WIRE | B | -2.41% | |
| AXNX | C | -2.4% | |
| HES | B | -2.35% | |
| INBX | D | -2.34% | |
| JNPR | D | -2.31% | |
| CTLT | D | -2.31% | |
| HA | D | -2.17% | |
| MGRC | D | -2.14% | |
| X | D | -1.84% | |
| CPRI | F | -1.57% |
XES: Top Represented Industries & Keywords
MRGR: Top Represented Industries & Keywords
Compare ETFs
