MRGR vs. PILL ETF Comparison
Comparison of ProShares Merger ETF (MRGR) to Direxion Daily Pharmaceutical & Medical Bull 3X Shares ETF (PILL)
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
$41.82
Average Daily Volume
730
28
PILL
Direxion Daily Pharmaceutical & Medical Bull 3X Shares ETF
PILL Description
The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the S&P Pharmaceuticals Select Industry Index. The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index is a modified equal-weighted index that is designed to measure performance of the stocks comprising the S&P Total Market Index that are classified in the GICS pharmaceuticals sub-industry. The fund is non-diversified.Grade (RS Rating)
Last Trade
$8.23
Average Daily Volume
73,328
44
Performance
| Period | MRGR | PILL |
|---|---|---|
| 30 Days | 0.80% | -2.49% |
| 60 Days | 2.21% | 11.22% |
| 90 Days | 3.89% | 38.55% |
| 12 Months | 7.21% | 21.66% |
1 Overlapping Holdings
| Symbol | Grade | Weight in MRGR | Weight in PILL | Overlap | |
|---|---|---|---|---|---|
| CTLT | B | 2.22% | 2.86% | 2.22% |
MRGR Overweight 27 Positions Relative to PILL
| 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 | B | 2.35% | |
| PETQ | A | 2.34% | |
| INST | C | 2.33% | |
| ENV | C | 2.33% | |
| JNPR | C | 2.32% | |
| VGR | C | 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% | |
| ANSS | D | 2.2% | |
| MRO | D | 2.17% | |
| RVNC | D | 1.9% | |
| MGRC | D | 1.88% | |
| HES | D | 1.83% | |
| CHX | F | 1.8% |
MRGR Underweight 43 Positions Relative to PILL
| Symbol | Grade | Weight | |
|---|---|---|---|
| CORT | B | -3.21% | |
| ZTS | B | -2.88% | |
| BMY | B | -2.88% | |
| RPRX | B | -2.87% | |
| JAZZ | F | -2.86% | |
| VTRS | D | -2.82% | |
| PFE | D | -2.8% | |
| LLY | D | -2.78% | |
| JNJ | C | -2.76% | |
| MRK | F | -2.76% | |
| ITCI | D | -2.74% | |
| AXSM | C | -2.7% | |
| ELAN | D | -2.68% | |
| OGN | D | -2.65% | |
| PRGO | F | -2.61% | |
| SAVA | D | -2.56% | |
| EWTX | B | -2.22% | |
| ARVN | F | -2.02% | |
| PBH | D | -1.76% | |
| AMPH | C | -1.76% | |
| LBPH | D | -1.76% | |
| TARS | C | -1.63% | |
| COLL | B | -1.54% | |
| SUPN | D | -1.5% | |
| PCRX | F | -1.37% | |
| LGND | D | -1.25% | |
| ANIP | D | -1.25% | |
| HRMY | B | -1.2% | |
| OCUL | C | -1.04% | |
| AMRX | A | -1.01% | |
| HROW | C | -0.99% | |
| FULC | F | -0.83% | |
| INVA | B | -0.79% | |
| PHAT | C | -0.78% | |
| LQDA | F | -0.74% | |
| MNMD | F | -0.71% | |
| PLRX | F | -0.62% | |
| EOLS | B | -0.59% | |
| EYPT | F | -0.59% | |
| ELVN | B | -0.51% | |
| WVE | C | -0.51% | |
| NUVB | F | -0.42% | |
| XERS | C | -0.35% |
MRGR: Top Represented Industries & Keywords
PILL: Top Represented Industries & Keywords
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