ARGT vs. MRGR ETF Comparison
Comparison of Global X FTSE Argentina 20 ETF (ARGT) to ProShares Merger ETF (MRGR)
ARGT
Global X FTSE Argentina 20 ETF
ARGT Description
The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the FTSE Argentina 20 Index. The fund invests at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. The underlying index is designed to measure equity performance of the top 20 companies within the investable universe of Argentina-domiciled companies or companies that have substantial revenues or assets in Argentina. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$80.54
Average Daily Volume
191,881
19
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
$41.81
Average Daily Volume
783
28
Performance
| Period | ARGT | MRGR |
|---|---|---|
| 30 Days | 12.31% | -0.71% |
| 60 Days | 16.07% | -0.06% |
| 90 Days | 28.19% | 0.87% |
| 12 Months | 73.16% | 6.92% |
0 Overlapping Holdings
| Symbol | Grade | Weight in ARGT | Weight in MRGR | Overlap |
|---|
ARGT Overweight 19 Positions Relative to MRGR
ARGT Underweight 28 Positions Relative to MRGR
| Symbol | Grade | Weight | |
|---|---|---|---|
| HTLF | B | -3.58% | |
| DFS | B | -3.13% | |
| IBTX | B | -3.04% | |
| SASR | B | -2.78% | |
| EDR | A | -2.49% | |
| INFN | D | -2.47% | |
| ANSS | B | -2.42% | |
| LBPH | A | -2.4% | |
| SMAR | A | -2.39% | |
| EVRI | A | -2.39% | |
| B | A | -2.38% | |
| ATSG | A | -2.38% | |
| NAPA | A | -2.38% | |
| ALTR | B | -2.37% | |
| ZUO | B | -2.36% | |
| RCM | A | -2.34% | |
| ENV | B | -2.34% | |
| K | B | -2.34% | |
| INST | B | -2.33% | |
| JNPR | D | -2.32% | |
| HCP | B | -2.31% | |
| ALE | A | -2.29% | |
| AXNX | A | -2.27% | |
| CTLT | D | -2.22% | |
| MRO | A | -2.22% | |
| SPR | D | -2.05% | |
| RVNC | F | -2.04% | |
| CHX | C | -1.78% |
ARGT: Top Represented Industries & Keywords
MRGR: Top Represented Industries & Keywords
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