BPAY vs. MRGR ETF Comparison

Comparison of BlackRock Future Financial and Technology ETF (BPAY) to ProShares Merger ETF (MRGR)

BPAY

BlackRock Future Financial and Technology ETF

BPAY Description

The BlackRock Future Financial Technology ETF seeks to maximize total return by investing in the companies delivering innovative and emerging technologies used in the financial services industry.

Grade (RS Rating)

Last Trade

$26.64

Average Daily Volume

222

Number of Holdings ^*

23

* 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

$41.81

Average Daily Volume

783

Number of Holdings ^*

28

* may have additional holdings in another (foreign) market

Performance

Period	BPAY	MRGR
30 Days	2.84%	-0.71%
60 Days	6.47%	-0.06%
90 Days	6.84%	0.87%
12 Months	30.56%	6.92%

1 Overlapping Holdings

	Symbol	Grade	Weight in BPAY	Weight in MRGR	Overlap
	DFS	B	6.07%	3.13%	3.13%

BPAY Overweight 22 Positions Relative to MRGR

	Symbol	Grade	Weight
	SYF	B	5.42%
	COF	B	5.3%
	GPN	C	4.96%
	PYPL	B	4.89%
	SCHW	A	4.87%
	FI	A	4.29%
	WEX	F	3.33%
	PAYO	A	3.19%
	FOUR	A	2.89%
	RPAY	D	2.8%
	AXP	B	2.62%
	SQ	A	2.52%
	FIS	C	2.45%
	NU	C	2.42%
	AX	B	2.29%
	LOB	C	1.54%
	CCB	A	1.39%
	HCI	C	1.19%
	MA	B	1.14%
	V	A	1.12%
	BLND	A	1.05%
	XP	F	0.59%

BPAY Underweight 27 Positions Relative to MRGR

	Symbol	Grade	Weight
	HTLF	B	-3.58%
	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%

BPAY: Top Represented Industries & Keywords

Industries: Credit Services Business Services Capital Markets Savings & Cooperative Banks Software - Application Software - Infrastructure Banks - Diversified Banks - Regional - US Conglomerates Insurance - Property & Casualty

Keywords: Payment Systems S&P 500 Debit Card Bank Credit Card Banking E-Commerce Mobile Payments Payment Card Payment Processing Payment Solutions Transaction Processing Transaction Processing Services Card Processing Commercial Bank Deposit Products Digital Wallet E Commerce Fintech Online Payments

MRGR: Top Represented Industries & Keywords

Industries: Banks - Regional - US Software - Application Software - Infrastructure Biotechnology Communication Equipment Aerospace & Defense Airports & Air Services Beverages - Wineries & Distilleries Capital Markets Credit Services Diversified Industrials Drug Manufacturers - Specialty & Generic Entertainment Gambling Health Information Services Medical Devices Oil & Gas E&P Oil & Gas Equipment & Services Packaged Foods Utilities - Regulated Electric

Keywords: S&P 500 Bank Computing Deposit Products Banking Biopharmaceutical Investment Management Aerospace Business Process Management Business Software Commercial Bank Commercial Banking Computer Networking Credit Card Debit Card Demand Deposit Electronics Embedded Software Information Technology Management Internet Of Things