AWEG vs. MRGR ETF Comparison
Comparison of Alger Weatherbie Enduring Growth ETF (AWEG) to ProShares Merger ETF (MRGR)
AWEG
Alger Weatherbie Enduring Growth ETF
AWEG Description
The fund invests primarily in equity securities of mid-cap growth companies with an environmental, social and governance ("ESG") rating of medium or better, as rated by Sustainalytics, a third-party ESG rating agency, at the time of purchase. Under normal circumstances, 80% of companies in the fund"s portfolio, based on net assets, will have a Sustainalytics ESG rating. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$26.71
Average Daily Volume
170
Number of Holdings
*
24
* 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
$41.90
Average Daily Volume
792
Number of Holdings
*
29
* may have additional holdings in another (foreign) market
Performance
Period | AWEG | MRGR |
---|---|---|
30 Days | 5.91% | -0.54% |
60 Days | 7.15% | 0.17% |
90 Days | 8.89% | 1.33% |
12 Months | 36.24% | 7.05% |
0 Overlapping Holdings
Symbol | Grade | Weight in AWEG | Weight in MRGR | Overlap |
---|
AWEG Overweight 24 Positions Relative to MRGR
Symbol | Grade | Weight | |
---|---|---|---|
TDG | D | 11.7% | |
CWST | A | 6.43% | |
GKOS | A | 4.99% | |
STEP | B | 4.87% | |
TNDM | D | 4.84% | |
WCN | A | 4.8% | |
HEI | A | 4.66% | |
PCTY | B | 3.92% | |
NEOG | D | 3.62% | |
HUBS | A | 3.14% | |
OLLI | D | 2.99% | |
SPSC | D | 2.94% | |
ACAD | C | 2.9% | |
MEG | F | 2.87% | |
XPO | B | 2.86% | |
UPST | B | 2.77% | |
RXO | C | 2.64% | |
HLNE | B | 2.11% | |
NCNO | B | 2.09% | |
PGNY | F | 2.07% | |
SITE | F | 2.02% | |
AGYS | A | 1.77% | |
NTRA | A | 1.44% | |
TTD | B | 1.41% |
AWEG Underweight 29 Positions Relative to MRGR
Symbol | Grade | Weight | |
---|---|---|---|
HTLF | B | -3.58% | |
DFS | B | -3.14% | |
IBTX | B | -3.02% | |
SASR | B | -2.81% | |
EDR | A | -2.53% | |
INFN | D | -2.5% | |
LBPH | A | -2.43% | |
EVRI | A | -2.42% | |
NAPA | A | -2.42% | |
B | A | -2.41% | |
SMAR | A | -2.41% | |
ROIC | A | -2.41% | |
ALTR | B | -2.4% | |
ATSG | A | -2.4% | |
ZUO | B | -2.39% | |
K | A | -2.37% | |
RCM | A | -2.37% | |
ENV | B | -2.37% | |
CDMO | A | -2.36% | |
ANSS | B | -2.32% | |
ALE | A | -2.31% | |
HCP | B | -2.3% | |
MRO | A | -2.28% | |
LBRDK | C | -2.25% | |
CTLT | D | -2.2% | |
JNPR | D | -2.14% | |
SPR | D | -2.11% | |
CHX | C | -1.8% | |
RVNC | F | -1.42% |
AWEG: Top Represented Industries & Keywords
Industries:
Software - Application
Waste Management
Aerospace & Defense
Asset Management
Diagnostics & Research
Biotechnology
Credit Services
Discount Stores
Health Information Services
Industrial Distribution
Integrated Shipping & Logistics
Medical Devices
Medical Instruments & Supplies
Trucking
Keywords:
Medicine
Aerospace
Cardboard
Cargo
Content Management
Electronics
Environmental Services
Fintech
Freight Transport
Genetic Testing
Glaucoma
Investment Solutions
Landfill
Municipal Solid Waste
Private Equity
Recycling
Regulatory Compliance
Social Media
Solid Waste Collection
Solid Waste Services
MRGR: Top Represented Industries & Keywords
Industries:
Banks - Regional - US
Biotechnology
Software - Infrastructure
Communication Equipment
Software - Application
Aerospace & Defense
Airports & Air Services
Beverages - Wineries & Distilleries
Capital Markets
Credit Services
Diversified Industrials
Drug Manufacturers - Specialty & Generic
Entertainment
Gambling
Health Information Services
Oil & Gas E&P
Oil & Gas Equipment & Services
Packaged Foods
Pay TV
REIT - Retail
Keywords:
S&P 500
Bank
Biopharmaceutical
Computing
Deposit Products
Banking
Investment Management
Aerospace
Biotechnology
Business Process Management
Business Software
Commercial Bank
Commercial Banking
Computer Networking
Credit Card
Debit Card
Demand Deposit
Electronics
Embedded Software
Information Technology Management