MRGR vs. JETS ETF Comparison
Comparison of ProShares Merger ETF (MRGR) to U.S. Global Jets ETF (JETS)
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
JETS
U.S. Global Jets ETF
JETS Description
The investment seeks to track the performance, before fees and expenses, of the U.S. Global Jets Index. The fund invests at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) in the component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is composed of the common stock of U.S. and international passenger airlines, aircraft manufacturers, airports, and terminal services companies listed on well-developed securities exchanges across the globe. The fund is non-diversified.Grade (RS Rating)
Last Trade
$23.97
Average Daily Volume
2,728,856
23
Performance
| Period | MRGR | JETS |
|---|---|---|
| 30 Days | 0.12% | 6.34% |
| 60 Days | 0.60% | 21.12% |
| 90 Days | 1.82% | 30.63% |
| 12 Months | 7.37% | 43.10% |
1 Overlapping Holdings
| Symbol | Grade | Weight in MRGR | Weight in JETS | Overlap | |
|---|---|---|---|---|---|
| ATSG | B | 2.4% | 2.26% | 2.26% |
MRGR Overweight 28 Positions Relative to JETS
| 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% | |
| ALTR | 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 22 Positions Relative to JETS
| Symbol | Grade | Weight | |
|---|---|---|---|
| UAL | A | -13.94% | |
| DAL | B | -11.16% | |
| AAL | B | -9.62% | |
| LUV | C | -8.29% | |
| ALGT | B | -4.21% | |
| ULCC | D | -3.84% | |
| SKYW | C | -3.43% | |
| SNCY | C | -3.2% | |
| ALK | B | -2.96% | |
| SAVE | F | -2.94% | |
| JBLU | F | -2.48% | |
| EXPE | B | -2.11% | |
| BKNG | A | -2.05% | |
| TRIP | F | -1.64% | |
| GD | D | -1.59% | |
| TXT | D | -1.53% | |
| BA | F | -1.37% | |
| TCOM | B | -1.04% | |
| MMYT | B | -0.84% | |
| CPA | D | -0.43% | |
| ERJ | A | -0.4% | |
| ASR | D | -0.36% |
MRGR: Top Represented Industries & Keywords
JETS: Top Represented Industries & Keywords
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