MARB vs. MRGR ETF Comparison
Comparison of First Trust Merger Arbitrage ETF (MARB) to ProShares Merger ETF (MRGR)
MARB
First Trust Merger Arbitrage ETF
MARB Description
The investment seeks to provide investors with capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objective by establishing long and short positions in the equity securities of companies that are involved in a publicly-announced significant corporate event, such as a merger or acquisition. It's portfolio may include equity securities issued by U.S. and non-U.S. companies, including American Depositary Receipts (ADRs), and derivatives, including total return swaps. The fund may invest in securities issued by small, mid and large capitalization issuers. It is non-diversified.
Grade (RS Rating)
Last Trade
$19.71
Average Daily Volume
7,002
34
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 | MARB | MRGR |
|---|---|---|
| 30 Days | -1.08% | -0.54% |
| 60 Days | -1.16% | 0.17% |
| 90 Days | -1.81% | 1.33% |
| 12 Months | -0.97% | 7.05% |
17 Overlapping Holdings
| Symbol | Grade | Weight in MARB | Weight in MRGR | Overlap | |
|---|---|---|---|---|---|
| ANSS | B | 3.85% | 2.32% | 2.32% | |
| B | A | 3.78% | 2.41% | 2.41% | |
| CHX | C | 2.78% | 1.8% | 1.8% | |
| CTLT | D | 3.17% | 2.2% | 2.2% | |
| DFS | B | 4.67% | 3.14% | 3.14% | |
| EDR | A | 4.92% | 2.53% | 2.53% | |
| ENV | B | 2.38% | 2.37% | 2.37% | |
| EVRI | A | 3.48% | 2.42% | 2.42% | |
| HCP | B | 5.64% | 2.3% | 2.3% | |
| HTLF | B | 7.98% | 3.58% | 3.58% | |
| IBTX | B | 2.21% | 3.02% | 2.21% | |
| JNPR | D | 3.65% | 2.14% | 2.14% | |
| K | A | 3.28% | 2.37% | 2.37% | |
| LBPH | A | 2.78% | 2.43% | 2.43% | |
| MRO | A | 2.03% | 2.28% | 2.03% | |
| NAPA | A | 3.99% | 2.42% | 2.42% | |
| RCM | A | 2.07% | 2.37% | 2.07% |
MARB: Top Represented Industries & Keywords
MRGR: Top Represented Industries & Keywords
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