BNKU vs. MRGR ETF Comparison
Comparison of MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) to ProShares Merger ETF (MRGR)
BNKU
MicroSectors U.S. Big Banks Index 3X Leveraged ETNs
BNKU Description
The investment seeks to reflect a 3x leveraged long exposure to the performance of the Solactive MicroSectorsTM U.S. Big Banks Index. The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a three times leveraged participation in the performance of the index, compounded daily, less a Daily Investor Fee, the Daily Financing Charge and, if applicable, the Redemption Fee Amount. The index is an equal-dollar weighted index designed to represent the 10 U.S. stocks with the largest market capitalization in the banking sector.
Grade (RS Rating)
Last Trade
$31.38
Average Daily Volume
247,407
10
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
$40.38
Average Daily Volume
826
32
Performance
| Period | BNKU | MRGR |
|---|---|---|
| 30 Days | 3.91% | 0.69% |
| 60 Days | 1.29% | 0.76% |
| 90 Days | 6.99% | 0.05% |
| 12 Months | 107.95% | 7.06% |
0 Overlapping Holdings
| Symbol | Grade | Weight in BNKU | Weight in MRGR | Overlap |
|---|
BNKU Underweight 32 Positions Relative to MRGR
| Symbol | Grade | Weight | |
|---|---|---|---|
| WRK | C | -3.22% | |
| EVBG | B | -2.99% | |
| ETRN | D | -2.86% | |
| HTLF | B | -2.56% | |
| EDR | A | -2.53% | |
| AIRC | A | -2.52% | |
| MODN | B | -2.5% | |
| SBOW | B | -2.49% | |
| PRFT | B | -2.49% | |
| HCP | A | -2.48% | |
| SILK | B | -2.47% | |
| HIBB | A | -2.47% | |
| DFS | B | -2.46% | |
| DO | C | -2.46% | |
| AMK | B | -2.46% | |
| SQSP | B | -2.45% | |
| WIRE | A | -2.44% | |
| MRO | B | -2.43% | |
| ALE | C | -2.43% | |
| ANSS | C | -2.4% | |
| SRCL | B | -2.39% | |
| AXNX | B | -2.38% | |
| SLCA | B | -2.37% | |
| JNPR | B | -2.32% | |
| CTLT | B | -2.28% | |
| IBTX | B | -2.27% | |
| CERE | C | -2.26% | |
| HES | D | -2.17% | |
| MGRC | D | -2.08% | |
| CHX | C | -2.07% | |
| HA | C | -2.07% | |
| X | C | -1.82% |
BNKU: Top Represented Industries & Keywords
MRGR: Top Represented Industries & Keywords
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