KBWD vs. MRGR ETF Comparison
Comparison of PowerShares KBW High Dividend Yield Financial Portfolio ETF (KBWD) to ProShares Merger ETF (MRGR)
KBWD
PowerShares KBW High Dividend Yield Financial Portfolio ETF
KBWD Description
The PowerShares KBW High Dividend Yield Financial Portfolio (Fund) is based on the KBW Financial Sector Dividend Yield Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index. The Index is calculated using a dividend yield weighted methodology that seeks to reflect the performance of approximately 24 to 40 publicly listed financial companies that are principally engaged in the business of providing financial services and products, including banking, insurance and diversified financial services, in the United States. The Index may also include securities of BDCs and equity and mortgage REITs. The Fund and the Index are rebalanced and reconstituted quarterly.
Grade (RS Rating)
Last Trade
$15.20
Average Daily Volume
175,816
30
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
29
Performance
| Period | KBWD | MRGR |
|---|---|---|
| 30 Days | 1.45% | -0.54% |
| 60 Days | 0.02% | 0.17% |
| 90 Days | 3.41% | 1.33% |
| 12 Months | 16.66% | 7.05% |
0 Overlapping Holdings
| Symbol | Grade | Weight in KBWD | Weight in MRGR | Overlap |
|---|
KBWD Overweight 30 Positions Relative to MRGR
| Symbol | Grade | Weight | |
|---|---|---|---|
| TRIN | A | 3.92% | |
| FSK | A | 3.86% | |
| TCPC | C | 3.8% | |
| ACRE | B | 3.75% | |
| AGNC | C | 3.51% | |
| RC | D | 3.3% | |
| DX | B | 3.25% | |
| PNNT | B | 3.22% | |
| FDUS | A | 3.19% | |
| GSBD | F | 3.08% | |
| PSEC | D | 3.08% | |
| ARI | C | 3.04% | |
| EFC | D | 2.94% | |
| EGBN | B | 2.91% | |
| TRTX | B | 2.78% | |
| BBDC | A | 2.72% | |
| OMF | A | 2.5% | |
| CSWC | D | 2.23% | |
| TPVG | C | 2.23% | |
| WASH | B | 2.18% | |
| KREF | D | 2.15% | |
| APAM | B | 2.1% | |
| WU | F | 1.79% | |
| FIBK | A | 1.74% | |
| LNC | B | 1.63% | |
| NWBI | B | 1.63% | |
| KEY | B | 1.44% | |
| JHG | B | 1.35% | |
| PRU | B | 1.19% | |
| JXN | C | 0.93% |
KBWD 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% |
KBWD: Top Represented Industries & Keywords
MRGR: Top Represented Industries & Keywords
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