MRGR vs. IQM ETF Comparison
Comparison of ProShares Merger ETF (MRGR) to Franklin Intelligent Machines ETF (IQM)
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
$42.09
Average Daily Volume
792
29
IQM
Franklin Intelligent Machines ETF
IQM Description
The investment seeks capital appreciation. Under normal market conditions, the fund invests at least 80% of its net assets in equity securities of companies that are relevant to its investment theme of intelligent machines. The fund invests predominantly in common stock. Although it may invest across economic sectors, the advisor expects to have significant positions in particular sectors including technology. The fund is non-diversified.Grade (RS Rating)
Last Trade
$67.51
Average Daily Volume
4,309
49
Performance
| Period | MRGR | IQM |
|---|---|---|
| 30 Days | 0.12% | 5.98% |
| 60 Days | 0.60% | 9.16% |
| 90 Days | 1.82% | 7.34% |
| 12 Months | 7.37% | 41.76% |
1 Overlapping Holdings
| Symbol | Grade | Weight in MRGR | Weight in IQM | Overlap | |
|---|---|---|---|---|---|
| ALTR | B | 2.4% | 1.2% | 1.2% |
MRGR Overweight 28 Positions Relative to IQM
| Symbol | Grade | Weight | |
|---|---|---|---|
| HTLF | B | 3.58% | |
| DFS | B | 3.14% | |
| IBTX | B | 3.02% | |
| SASR | B | 2.81% | |
| EDR | A | 2.53% | |
| INFN | D | 2.5% | |
| LBPH | A | 2.43% | |
| EVRI | A | 2.42% | |
| NAPA | A | 2.42% | |
| B | A | 2.41% | |
| SMAR | B | 2.41% | |
| ROIC | A | 2.41% | |
| ATSG | B | 2.4% | |
| ZUO | B | 2.39% | |
| K | A | 2.37% | |
| RCM | A | 2.37% | |
| ENV | B | 2.37% | |
| CDMO | A | 2.36% | |
| ANSS | B | 2.32% | |
| ALE | A | 2.31% | |
| HCP | B | 2.3% | |
| MRO | B | 2.28% | |
| LBRDK | C | 2.25% | |
| CTLT | C | 2.2% | |
| JNPR | D | 2.14% | |
| SPR | D | 2.11% | |
| CHX | C | 1.8% | |
| RVNC | F | 1.42% |
MRGR Underweight 48 Positions Relative to IQM
| Symbol | Grade | Weight | |
|---|---|---|---|
| NVDA | B | -13.78% | |
| ISRG | A | -5.7% | |
| AXON | A | -5.49% | |
| TSLA | B | -4.19% | |
| AAPL | C | -4.09% | |
| TSM | B | -4.05% | |
| CDNS | B | -3.99% | |
| SNPS | B | -3.87% | |
| ASML | F | -2.85% | |
| PWR | A | -2.63% | |
| AMAT | F | -2.49% | |
| AVGO | D | -2.12% | |
| AMD | F | -2.09% | |
| ADSK | A | -1.94% | |
| TER | F | -1.45% | |
| ADI | D | -1.36% | |
| APH | A | -1.33% | |
| UBER | F | -1.33% | |
| PTC | B | -1.31% | |
| KLAC | F | -1.31% | |
| VMI | B | -1.2% | |
| LRCX | F | -1.19% | |
| GEV | B | -1.16% | |
| VRT | B | -1.1% | |
| ETN | A | -1.04% | |
| ZBRA | B | -1.02% | |
| AVAV | C | -1.0% | |
| CRWD | B | -0.85% | |
| ROP | B | -0.84% | |
| KEYS | A | -0.8% | |
| PRCT | B | -0.71% | |
| IDXX | F | -0.71% | |
| TXN | C | -0.7% | |
| ENTG | D | -0.65% | |
| BKR | A | -0.55% | |
| IOT | A | -0.53% | |
| TRMB | B | -0.48% | |
| NXPI | D | -0.45% | |
| BSY | F | -0.39% | |
| FSLR | F | -0.36% | |
| PSTG | D | -0.35% | |
| PLTR | B | -0.33% | |
| SITM | B | -0.31% | |
| MCHP | F | -0.3% | |
| FTI | A | -0.26% | |
| OII | B | -0.26% | |
| ALGN | D | -0.22% | |
| MPWR | F | -0.19% |
MRGR: Top Represented Industries & Keywords
IQM: Top Represented Industries & Keywords
Compare ETFs
