MRGR vs. KCE ETF Comparison

Comparison of ProShares Merger ETF (MRGR) to SPDR S&P Capital Markets ETF (KCE)

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

$40.33

Average Daily Volume

826

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KCE

SPDR S&P Capital Markets ETF

KCE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of publicly traded companies that do business as broker-dealers, asset managers, trust and custody banks or exchanges. In seeking to track the performance of the S&P Capital Markets Select Industry Index, the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the capital markets industry group of the S&P Total Market Index ("S&P TMI"). It is non-diversified.

Grade (RS Rating)

Last Trade

$111.29

Average Daily Volume

50,856

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MRGR	KCE
30 Days	0.70%	0.63%
60 Days	0.68%	3.01%
90 Days	-0.14%	2.84%
12 Months	7.01%	32.54%

1 Overlapping Holdings

	Symbol	Grade	Weight in MRGR	Weight in KCE	Overlap
	AMK	B	2.46%	1.4%	1.4%

MRGR Overweight 31 Positions Relative to KCE

Symbol	Grade	Weight
WRK	D	3.22%
EVBG	B	2.99%
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	A	2.46%
DO	B	2.46%
SQSP	A	2.45%
WIRE	A	2.44%
MRO	B	2.43%
ALE	C	2.43%
ANSS	C	2.4%
SRCL	A	2.39%
AXNX	B	2.38%
SLCA	B	2.37%
JNPR	B	2.32%
CTLT	B	2.28%
IBTX	B	2.27%
CERE	D	2.26%
HES	C	2.17%
MGRC	F	2.08%
CHX	C	2.07%
HA	D	2.07%
X	D	1.82%

MRGR Underweight 59 Positions Relative to KCE

Symbol	Grade	Weight
AMG	D	-1.8%
STEP	A	-1.78%
RJF	D	-1.76%
PIPR	A	-1.76%
MORN	B	-1.76%
FDS	D	-1.75%
JEF	A	-1.75%
MCO	A	-1.75%
BEN	D	-1.75%
BLK	B	-1.74%
PJT	A	-1.74%
TPG	D	-1.73%
OWL	D	-1.73%
SPGI	B	-1.73%
JHG	A	-1.73%
AMP	B	-1.73%
IVZ	D	-1.73%
BX	C	-1.72%
BGC	C	-1.72%
FHI	B	-1.72%
APAM	D	-1.72%
CG	D	-1.71%
SEIC	C	-1.71%
ARES	C	-1.71%
TROW	C	-1.71%
GS	A	-1.71%
NDAQ	C	-1.71%
STT	C	-1.71%
MS	B	-1.71%
HLNE	B	-1.7%
IBKR	B	-1.7%
VCTR	C	-1.7%
MSCI	C	-1.7%
HLI	A	-1.7%
SF	B	-1.7%
MC	A	-1.69%
CBOE	D	-1.69%
SCHW	C	-1.69%
CNS	B	-1.69%
ICE	A	-1.69%
BK	A	-1.69%
NTRS	B	-1.68%
TW	C	-1.67%
LPLA	B	-1.66%
VIRT	C	-1.65%
CME	D	-1.65%
EVR	A	-1.65%
HOOD	B	-1.65%
KKR	C	-1.64%
MKTX	F	-1.62%
VRTS	C	-1.53%
COIN	D	-1.51%
DFIN	D	-1.48%
SNEX	B	-1.24%
RILY	F	-0.82%
PX	C	-0.78%
BSIG	C	-0.63%
DHIL	D	-0.34%
LPRO	F	-0.34%