MARB vs. OILT ETF Comparison
Comparison of First Trust Merger Arbitrage ETF (MARB) to Texas Capital Texas Oil Index ETF (OILT)
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
$19.73
Average Daily Volume
6,600
28
OILT
Texas Capital Texas Oil Index ETF
OILT Description
OILT aims to track the performance of an economic-value weighted index of energy companies that extract oil and gas within Texas. Companies in the index must be publicly traded and responsible for more than 0.1% of the annual state oil and gas production of Texas over the past 10 years based on data from the Texas Railroad Commission. The companies are sensitive to the price of West Texas Intermediate crude oil. Global and domestic infrastructure and trading have created efficiencies that have made the US a net exporter of oil and may positively impact the profitability of these companies. The stocks are weighted in the index by the aggregated economic value of oil and gas production of the company and multiplying it by the average oil and gas futures prices from the last day of trading of February in the current and previous year. Outside of extraordinary events, the index is reconstituted annually and rebalanced quarterly.Grade (RS Rating)
Last Trade
$24.28
Average Daily Volume
1,679
24
Performance
| Period | MARB | OILT |
|---|---|---|
| 30 Days | -0.59% | -3.93% |
| 60 Days | -1.96% | -7.49% |
| 90 Days | -1.22% | -3.07% |
| 12 Months | -0.85% |
MARB Overweight 25 Positions Relative to OILT
| Symbol | Grade | Weight | |
|---|---|---|---|
| HTLF | A | 6.5% | |
| HCP | A | 5.53% | |
| AMED | C | 4.85% | |
| EDR | A | 4.84% | |
| ACI | C | 4.65% | |
| AXNX | A | 4.15% | |
| JNPR | A | 3.68% | |
| DFS | A | 3.6% | |
| ANSS | C | 3.44% | |
| CTLT | D | 3.16% | |
| VZIO | C | 3.04% | |
| HES | B | 2.9% | |
| SRCL | A | 2.61% | |
| CHX | F | 2.45% | |
| MGRC | A | 2.31% | |
| SRDX | D | 2.25% | |
| IBTX | B | 1.92% | |
| CPRI | F | 1.71% | |
| EQT | C | -0.07% | |
| WSC | F | -0.96% | |
| SNPS | B | -1.89% | |
| SSB | B | -1.92% | |
| SLB | F | -3.7% | |
| COF | A | -4.03% | |
| UMBF | A | -6.72% |
MARB Underweight 21 Positions Relative to OILT
MARB: Top Represented Industries & Keywords
OILT: Top Represented Industries & Keywords
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