MRGR vs. CLDL ETF Comparison
Comparison of ProShares Merger ETF (MRGR) to Direxion Daily Cloud Computing Bull 2X Shares (CLDL)
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
$40.38
Average Daily Volume
826
32
CLDL
Direxion Daily Cloud Computing Bull 2X Shares
CLDL Description
The investment seeks daily investment results, before fees and expenses, of 200% of the daily performance of the the Indxx USA Cloud Computing Index. The fund, under normal circumstances, invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index is provided by Indxx, LLC and includes domestic companies that deliver cloud computing infrastructure, platforms, or services. The fund is non-diversified.Grade (RS Rating)
Last Trade
$9.83
Average Daily Volume
12,864
48
Performance
| Period | MRGR | CLDL |
|---|---|---|
| 30 Days | 0.69% | 12.60% |
| 60 Days | 0.76% | 0.03% |
| 90 Days | 0.05% | -8.56% |
| 12 Months | 7.06% | 19.79% |
1 Overlapping Holdings
| Symbol | Grade | Weight in MRGR | Weight in CLDL | Overlap | |
|---|---|---|---|---|---|
| EVBG | B | 2.99% | 0.25% | 0.25% |
MRGR Overweight 31 Positions Relative to CLDL
| Symbol | Grade | Weight | |
|---|---|---|---|
| WRK | C | 3.22% | |
| ETRN | D | 2.86% | |
| HTLF | B | 2.56% | |
| EDR | A | 2.53% | |
| AIRC | A | 2.52% | |
| MODN | B | 2.5% | |
| SBOW | B | 2.49% | |
| PRFT | B | 2.49% | |
| HCP | A | 2.48% | |
| SILK | B | 2.47% | |
| HIBB | A | 2.47% | |
| DFS | B | 2.46% | |
| DO | C | 2.46% | |
| AMK | B | 2.46% | |
| SQSP | B | 2.45% | |
| WIRE | A | 2.44% | |
| MRO | B | 2.43% | |
| ALE | C | 2.43% | |
| ANSS | C | 2.4% | |
| SRCL | B | 2.39% | |
| AXNX | B | 2.38% | |
| SLCA | B | 2.37% | |
| JNPR | B | 2.32% | |
| CTLT | B | 2.28% | |
| IBTX | B | 2.27% | |
| CERE | C | 2.26% | |
| HES | D | 2.17% | |
| MGRC | D | 2.08% | |
| CHX | C | 2.07% | |
| HA | C | 2.07% | |
| X | C | 1.82% |
MRGR Underweight 47 Positions Relative to CLDL
| Symbol | Grade | Weight | |
|---|---|---|---|
| CRWD | B | -5.07% | |
| ORCL | A | -4.68% | |
| ADBE | B | -4.61% | |
| SAP | A | -4.43% | |
| NOW | A | -4.3% | |
| MSTR | D | -4.12% | |
| ADSK | B | -3.94% | |
| TEAM | C | -3.77% | |
| SNOW | D | -3.64% | |
| CRM | C | -3.53% | |
| WDAY | D | -3.48% | |
| VEEV | D | -3.44% | |
| ZS | B | -3.06% | |
| NTNX | C | -2.5% | |
| ZM | F | -2.48% | |
| AKAM | F | -2.43% | |
| DOCU | C | -1.94% | |
| TWLO | D | -1.76% | |
| PAYC | F | -1.3% | |
| SPSC | B | -1.25% | |
| PCTY | F | -1.06% | |
| DBX | D | -1.03% | |
| QLYS | D | -0.93% | |
| BILL | F | -0.92% | |
| APPF | B | -0.89% | |
| ACIW | A | -0.74% | |
| INFA | B | -0.72% | |
| BOX | D | -0.66% | |
| WK | F | -0.65% | |
| BLKB | D | -0.6% | |
| FIVN | D | -0.57% | |
| AI | B | -0.55% | |
| ALRM | C | -0.54% | |
| BL | D | -0.44% | |
| RNG | F | -0.41% | |
| FRSH | D | -0.4% | |
| NCNO | B | -0.37% | |
| DOCN | C | -0.32% | |
| CWAN | B | -0.32% | |
| ZUO | C | -0.23% | |
| PRO | F | -0.22% | |
| PYCR | D | -0.16% | |
| RDWR | C | -0.12% | |
| VMEO | F | -0.1% | |
| BLND | C | -0.07% | |
| ENFN | D | -0.07% | |
| SEMR | C | -0.05% |
MRGR: Top Represented Industries & Keywords
CLDL: Top Represented Industries & Keywords
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