CNRG vs. MRGR ETF Comparison
Comparison of SPDR S&P Kensho Clean Power ETF (CNRG) to ProShares Merger ETF (MRGR)
CNRG
SPDR S&P Kensho Clean Power ETF
CNRG Description
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Kensho Clean Power Index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to capture companies whose products and services are driving innovation behind clean power. The fund may invest in equity securities that are not included in the index, cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds. It is non-diversified.
Grade (RS Rating)
Last Trade
$63.49
Average Daily Volume
12,989
41
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
$42.22
Average Daily Volume
811
29
Performance
| Period | CNRG | MRGR |
|---|---|---|
| 30 Days | 6.28% | 0.41% |
| 60 Days | -1.27% | 1.07% |
| 90 Days | 1.55% | 2.14% |
| 12 Months | 0.89% | 7.71% |
1 Overlapping Holdings
| Symbol | Grade | Weight in CNRG | Weight in MRGR | Overlap | |
|---|---|---|---|---|---|
| ALE | A | 3.1% | 2.31% | 2.31% |
CNRG Overweight 40 Positions Relative to MRGR
| Symbol | Grade | Weight | |
|---|---|---|---|
| GEV | B | 5.88% | |
| BE | B | 4.95% | |
| TSLA | B | 4.2% | |
| GNRC | B | 3.85% | |
| ACA | A | 3.79% | |
| CEG | D | 3.28% | |
| NEE | D | 3.24% | |
| ORA | B | 3.2% | |
| AGR | B | 3.12% | |
| AY | B | 3.06% | |
| DQ | F | 3.0% | |
| CMI | A | 2.87% | |
| VMI | B | 2.74% | |
| GLW | B | 2.71% | |
| JKS | F | 2.68% | |
| AMSC | B | 2.64% | |
| NOVA | F | 2.37% | |
| AMRC | F | 2.29% | |
| TAC | B | 2.25% | |
| ADTN | A | 2.2% | |
| EBR | F | 2.18% | |
| RUN | F | 2.12% | |
| ROCK | C | 2.11% | |
| FLNC | C | 2.11% | |
| AES | F | 2.06% | |
| PLUG | F | 2.01% | |
| CSIQ | F | 1.96% | |
| SHLS | F | 1.9% | |
| FSLR | F | 1.87% | |
| AMAT | F | 1.56% | |
| ARRY | C | 1.48% | |
| ENPH | F | 1.44% | |
| RNW | D | 1.43% | |
| AMPS | C | 1.42% | |
| HY | D | 1.3% | |
| SEDG | F | 0.74% | |
| GNE | D | 0.67% | |
| TPIC | F | 0.4% | |
| MNTK | F | 0.36% | |
| ENIC | D | 0.33% |
CNRG Underweight 28 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 | C | -2.5% | |
| LBPH | A | -2.43% | |
| EVRI | A | -2.42% | |
| NAPA | B | -2.42% | |
| B | B | -2.41% | |
| SMAR | A | -2.41% | |
| ROIC | A | -2.41% | |
| ALTR | B | -2.4% | |
| ATSG | B | -2.4% | |
| ZUO | B | -2.39% | |
| K | A | -2.37% | |
| RCM | F | -2.37% | |
| ENV | B | -2.37% | |
| CDMO | B | -2.36% | |
| ANSS | B | -2.32% | |
| HCP | B | -2.3% | |
| MRO | B | -2.28% | |
| LBRDK | C | -2.25% | |
| CTLT | B | -2.2% | |
| JNPR | F | -2.14% | |
| SPR | D | -2.11% | |
| CHX | C | -1.8% | |
| RVNC | F | -1.42% |
CNRG: Top Represented Industries & Keywords
MRGR: Top Represented Industries & Keywords
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