MRGR vs. FXH ETF Comparison
Comparison of ProShares Merger ETF (MRGR) to First Trust Health Care AlphaDEX (FXH)
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
$41.95
Average Daily Volume
714
28
FXH
First Trust Health Care AlphaDEX
FXH Description
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the StrataQuant(R) Health Care Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by NYSE Euronext to objectively identify and select stocks from the Russell 1000(R) Index in the health care sector that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.Grade (RS Rating)
Last Trade
$109.06
Average Daily Volume
23,492
73
Performance
| Period | MRGR | FXH |
|---|---|---|
| 30 Days | 1.06% | -2.78% |
| 60 Days | 3.11% | 2.01% |
| 90 Days | 4.09% | 5.62% |
| 12 Months | 7.71% | 13.80% |
1 Overlapping Holdings
| Symbol | Grade | Weight in MRGR | Weight in FXH | Overlap | |
|---|---|---|---|---|---|
| RCM | B | 2.32% | 0.44% | 0.44% |
MRGR Overweight 27 Positions Relative to FXH
| Symbol | Grade | Weight | |
|---|---|---|---|
| HTLF | B | 3.04% | |
| IBTX | B | 2.68% | |
| INFN | C | 2.52% | |
| DFS | A | 2.5% | |
| EDR | A | 2.46% | |
| SQSP | A | 2.39% | |
| SMAR | A | 2.36% | |
| K | B | 2.35% | |
| EVRI | A | 2.35% | |
| ENV | C | 2.33% | |
| PETQ | A | 2.33% | |
| VGR | B | 2.32% | |
| JNPR | C | 2.32% | |
| SRCL | B | 2.32% | |
| TELL | B | 2.32% | |
| INST | C | 2.32% | |
| PRFT | A | 2.31% | |
| HCP | A | 2.3% | |
| ALE | A | 2.29% | |
| CTLT | A | 2.24% | |
| AXNX | A | 2.24% | |
| ANSS | D | 2.22% | |
| SPR | D | 2.2% | |
| MRO | B | 2.06% | |
| RVNC | F | 1.89% | |
| HES | D | 1.8% | |
| CHX | C | 1.75% |
MRGR Underweight 72 Positions Relative to FXH
| Symbol | Grade | Weight | |
|---|---|---|---|
| UHS | D | -2.58% | |
| THC | D | -2.55% | |
| DVA | C | -2.44% | |
| NTRA | A | -2.41% | |
| ALNY | C | -2.35% | |
| CNC | F | -2.34% | |
| UTHR | C | -2.34% | |
| VTRS | D | -2.26% | |
| PINC | F | -2.22% | |
| JAZZ | F | -2.16% | |
| HCA | C | -2.09% | |
| ELV | F | -2.01% | |
| LLY | D | -2.01% | |
| EXEL | B | -1.92% | |
| UNH | B | -1.9% | |
| DGX | D | -1.88% | |
| INCY | B | -1.8% | |
| ISRG | C | -1.79% | |
| RPRX | D | -1.78% | |
| CI | D | -1.75% | |
| AMGN | D | -1.72% | |
| MEDP | F | -1.67% | |
| ZBH | F | -1.66% | |
| PRGO | F | -1.66% | |
| REGN | D | -1.65% | |
| SRPT | F | -1.64% | |
| VRTX | D | -1.64% | |
| OGN | F | -1.54% | |
| NBIX | F | -1.39% | |
| TFX | C | -1.37% | |
| MOH | F | -1.34% | |
| MDT | C | -1.33% | |
| HSIC | D | -1.33% | |
| EHC | C | -1.31% | |
| CAH | B | -1.3% | |
| QGEN | F | -1.29% | |
| CHE | D | -1.29% | |
| JNJ | D | -1.29% | |
| BRKR | D | -1.29% | |
| DOCS | A | -1.27% | |
| SYK | C | -1.24% | |
| ENOV | F | -1.13% | |
| CRL | F | -1.12% | |
| RMD | C | -1.04% | |
| HUM | F | -1.0% | |
| IONS | F | -1.0% | |
| GEHC | C | -0.98% | |
| BIIB | F | -0.98% | |
| BAX | D | -0.97% | |
| PODD | C | -0.96% | |
| A | B | -0.95% | |
| IQV | F | -0.92% | |
| ABT | C | -0.9% | |
| HOLX | D | -0.9% | |
| ITCI | D | -0.89% | |
| BDX | C | -0.86% | |
| MRK | F | -0.76% | |
| EW | F | -0.6% | |
| BIO | B | -0.47% | |
| AVTR | D | -0.47% | |
| NVST | D | -0.46% | |
| ZTS | C | -0.44% | |
| ABBV | C | -0.44% | |
| TECH | D | -0.43% | |
| DHR | D | -0.43% | |
| TMO | D | -0.43% | |
| XRAY | D | -0.42% | |
| STE | D | -0.42% | |
| ALGN | D | -0.41% | |
| GMED | B | -0.4% | |
| PFE | D | -0.4% | |
| WST | D | -0.37% |
MRGR: Top Represented Industries & Keywords
FXH: Top Represented Industries & Keywords
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