MRGR vs. FDIG ETF Comparison
Comparison of ProShares Merger ETF (MRGR) to Fidelity Crypto Industry and Digital Payments ETF (FDIG)
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
$41.93
Average Daily Volume
710
28
FDIG
Fidelity Crypto Industry and Digital Payments ETF
FDIG Description
The fund ormally invests at least 80% of assets in equity securities included in the index and in depositary receipts representing securities included in the index. The index is designed to reflect the performance of a global universe of companies engaged in activities related to cryptocurrency, related blockchain technology, and digital payments processing. The fund is non-diversified.Grade (RS Rating)
Last Trade
$26.34
Average Daily Volume
37,823
21
Performance
| Period | MRGR | FDIG |
|---|---|---|
| 30 Days | 1.06% | -1.07% |
| 60 Days | 2.48% | -0.70% |
| 90 Days | 4.17% | -14.99% |
| 12 Months | 7.63% | 75.70% |
0 Overlapping Holdings
| Symbol | Grade | Weight in MRGR | Weight in FDIG | Overlap |
|---|
MRGR Overweight 28 Positions Relative to FDIG
| Symbol | Grade | Weight | |
|---|---|---|---|
| HTLF | C | 3.12% | |
| IBTX | D | 2.79% | |
| INFN | C | 2.53% | |
| DFS | C | 2.52% | |
| EDR | A | 2.41% | |
| SQSP | A | 2.4% | |
| K | B | 2.35% | |
| SRCL | B | 2.35% | |
| EVRI | A | 2.35% | |
| PETQ | A | 2.34% | |
| INST | B | 2.33% | |
| ENV | C | 2.33% | |
| JNPR | B | 2.32% | |
| VGR | B | 2.32% | |
| RCM | B | 2.32% | |
| PRFT | A | 2.31% | |
| HCP | B | 2.3% | |
| ALE | A | 2.28% | |
| TELL | B | 2.27% | |
| AXNX | A | 2.23% | |
| SPR | D | 2.23% | |
| CTLT | A | 2.22% | |
| ANSS | D | 2.2% | |
| MRO | D | 2.17% | |
| RVNC | F | 1.9% | |
| MGRC | D | 1.88% | |
| HES | D | 1.83% | |
| CHX | D | 1.8% |
MRGR Underweight 21 Positions Relative to FDIG
| Symbol | Grade | Weight | |
|---|---|---|---|
| COIN | F | -10.24% | |
| MARA | F | -8.64% | |
| CLSK | F | -5.73% | |
| WULF | C | -5.29% | |
| RIOT | F | -4.99% | |
| IREN | D | -4.89% | |
| BTBT | C | -3.37% | |
| CIFR | D | -2.92% | |
| APLD | B | -2.68% | |
| SHOP | C | -1.93% | |
| FOUR | B | -1.86% | |
| CAN | D | -1.84% | |
| WEX | C | -1.82% | |
| CPAY | A | -1.72% | |
| MA | A | -1.68% | |
| V | C | -1.59% | |
| GPN | F | -1.58% | |
| STNE | F | -1.49% | |
| MQ | F | -1.39% | |
| FLYW | F | -1.36% | |
| DLO | D | -1.12% |
MRGR: Top Represented Industries & Keywords
FDIG: Top Represented Industries & Keywords
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